NEW YORK, June 1, 2021 /PRNewswire/ -- The battery additives market is expected to grow by USD 769.18 million during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the battery additives market in optimistic, probable, and pessimistic forecast scenarios.
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The battery additives market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID-19 market estimates
Quarterly impact analysis and updates on market estimates
Major Three Battery Additives Market Participants:
ALTANA AG operates business through various segments such as BYK, ECKART, ELANTAS, and ACTEGA. The company offers BYK additives.
Borregaard ASA operates business through various segments such as Performance Chemicals, Speciality Cellulose, and Other Businesses. The company offers additives for lithium-ion batteries.
Cabot Corp. operates business through various segments such as Reinforcement materials, Performance chemicals, and Purification solutions. The company offers additives for advanced lead-acid and lithium-ion batteries.
The battery additives market is segmented as below:
The Middle East and Africa
The battery additives market is driven by the declining price of Li-ion batteries. In addition, the increasing government support for EVs are expected to trigger the battery additives market toward witnessing a CAGR of over 12% during the forecast period.
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Market positioning of vendors
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