Northbrook, IL -- (SBWIRE) -- 11/16/2021 -- The report "Battery Coating Market by Battery Component (Electrode Coating, Separator Coating, Battery Pack Coating), Material Type (PVDF, Ceramic, Alumina, Oxide, Carbon, Others), and Region (Asia Pacific, North America, Europe, Row) - Global Forecast to 2025" The battery coating market is projected to grow from USD 169 million in 2020 to USD 301 million by 2025, at a CAGR of 12.2% from 2020 to 2025. The market growth is driven by the high production of EVs, HEVs, and PHEVs and the growing demand for smart devices and other consumer electronics.

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The separator coating segment accounted for the largest market share in 2019
By battery component, the separator coating segment accounted for the largest share of the battery coating market in 2019. Separator coating lowers the shrinkage of the separators in batteries, thus enhancing the battery life cycle. The rising demand from the lithium-ion battery end-use industry is expected to drive the market for separator coating during the forecast period.

The PVDF segment accounted for the largest market share in 2019
By material type, the PVDF segment accounted for the largest share of the battery coating market in 2019. PVDF (polyvinylidene fluoride) is a good organic coating choice for traditional polyolefin separators due to its special functional group structure. The growth of this segment is in-sync with the growth of the separator coating battery component segment of the battery coating market. Two of the key players in the battery coating market, Arkema SA (France) and Solvay SA (Belgium), are also the leading providers of PVDF for battery coating.
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The Asia Pacific region accounted for the largest market share in 2019
Asia Pacific dominated the battery coating market in 2019. Counties in this region, such as China, Japan, and South Korea, are home to major battery material manufacturers, cell fabricators, and battery manufacturers, which are the consumers of battery coatings. Battery coatings are majorly used in batteries manufactured for electric vehicles (EVs). The high production of EVs is, therefore, a major growth driver for the battery coating market in the Asia Pacific region.

APV Engineered Coatings (US), Arkema SA (France), Solvay SA (Belgium), Mitsubishi Paper Mills Ltd. (Japan), Ube Industries Ltd. (Japan), Tanaka Chemical Corporation (Japan), Asahi Kasei Corporation (Japan), SK innovation Co., Ltd. (South Korea), Unifrax (US), NEI Corporation (US), Targray Technology International Inc. (Canada), Alteo Group (France), Nano One Materials Corp. (Canada), SAMCO Inc. (Japan), Nexeon Limited (UK), ALD NanoSolutions, Inc. (US), Forge Nano Inc. (US), and Beneq Group (Finland) are some of the leading players in the battery coating market.

Recent Developments :
- In November 2019, Solvay SA announced the expansion of its SOLEF polyvinylidene fluoride (PVDF) capacity in China to meet the booming demand in lithium batteries. The company will be more than doubling its production capacity of high-performance polymer SOLEF PVDF at its production site in Changshu, China. PVDF is used as a coating material for battery separators as well as binders for battery electrodes.
- In June 2019, Alteo joined forces with the China-based group Ginet to create the joint venture Alteo-Ginet (Suzhou) Lithium Battery Material Technology. Alteo will offer its expertise in superfine alumina, which is used in surface coatings for lithium-ion battery separators and electrodes. In turn, Ginet will provide the industrial capacity needed to grind alumina powder made by the Alteo plant in Gardanne (France).
- in April 2018, Arkema SA established a new Kynar fluoropolymer (PVDF) production facility at its Calvert-City plant in Kentucky, US. This expansion, which resulted in a 20% increase in its US production capacity, will enable Arkema to further support the strong demand of its customers in the North American region.

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