Lucintel's latest market report analyzed that battery coating provides attractive opportunities in the oil and gas, renewable energy, automobiles, and electronics market. The battery coating market is expected to reach $XX billion by 2028 with a CAGR of 14% to 16%. In this market, graphene battery is the largest segment by battery type, whereas polyvinylidene Fluoride (PVDF) is largest by material type.
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Based on battery type, the battery coating market is segmented into lithium-ion battery, lead-acid battery, nickel-cadmium battery, and graphene battery. The graphene battery segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing demand in various end use industries such as consumer electronics, automotive, and power.
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The Battery Coating Market is marked by the presence of several big and small players. Some of the prominent players offering battery coating include Solvay SA, Arkema SA, PPG Industries, Asahi Kasei, Mitsubishi Paper Mills, Ube Industries, Tanaka Chemical, SK Innovation, Dürr Group, Ashland Global, Axalta Coating Systems.
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