Global Battery Coating Market size was valued at US$ 169 Mn in 2019 and the total revenue is expected to grow at 12.2 % through 2020 to 2026, reaching nearly US$ 301 Mn.

The global Battery Coating market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Battery Coating report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Battery Coating Market Overview:

Battery coating is a technology for thin film deposition which is used in battery to enhance the electrochemical performance of cathode and anode powder. Battery coating enhances life, decreases the process of degradation, and improves the battery's protection and operational quality. Without adversely affecting the battery life, it helps produce increased voltages.
The market growth is driven by the high production of electric vehicles (EVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs) and the growing demand for smart devices and other consumer electronics.
Global Battery Coating Market Dynamics:

Increase in need for high-performance batteries, rising demand of the product thanks to high production of electric vehicles, increasing preferences towards the usages of smart devices, rising number of applications in automobile and renewable energy sectors, increasing prevalence of stringent environmental norms, rising usages of the product to increase durability, decreases degradation mechanism and improves the safety and working efficiency of the battery are some of the major factors which likely to enhance the growth of the battery coating market during the forecast period 2020-2026.

On the other hand, increasing use of batteries in energy storage devices along with the rising number of innovation and technological advances in battery materials further contribute by generating massive opportunities that lead to the battery coating market growth in the above-mentioned projected timeframe.
High cost of technology along with the technology trend for solid electrolytes are likely to act as a market restraints factor for the battery coating market growth during the forecast period.
Global Battery Coating Market Segment Analysis:

By Battery Component, the automotive lead acid batteries market is bifurcated into electrode coating, separator coating, and battery pack coating. The separator coating segment held the largest share in 2019, growing use of lithium-ion batteries, which require separator coatings for use in electric vehicles across the globe. Separator coating is majorly required in lithium-ion batteries that go into EVs. Separator coating lowers the shrinkage of the separators in batteries, thus enhancing the battery life cycle. The high production of EVs is the major driver for the growth of the separator coating segment in the battery coating market.

By Material Type, the market is bifurcated into PVDF, ceramic, alumina, oxide, carbon, and others. The PVDF segment accounted for the largest share of the battery coating market in 2019. PVDF is a semi-crystalline polymer with low hardness and electrochemical stability which makes it a suitable material for separator coater battery components.

In comparison to traditional separators, the porous PVDF-coated separator displays a higher porosity (56%), a better liquid electrolyte uptake (200%), and electrochemical stability under 5V. These characteristics are responsible for the high adoption of PVDF for separator coating. The surge in demand for separator coatings from the lithium-ion battery end-use industry is generating huge demand for the PVDF segment. The PVDF segment is expected to account for the largest share of the market over the forecast period.

Global Battery Coating Market

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Global Battery Coating Market
Recent Development

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.