The growth catalyst for the Battery Coating market is the rapid advancements in battery technology. Innovations, including advanced materials and precise coating techniques, have resulted in more efficient and reliable batteries.
Battery Coating Market Dynamics
Driver: High production of EVs, HEVs, and PHEVs
There is a shift in the automotive industry towards the use of clean and sustainable fuel. The global demand for electric vehicles including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs) has been increasing over the past few years due to regulations on carbon dioxide (CO2) emissions and government support through policy changes and subsidies. The adoption of EVs is also increasing due to the development of improved battery technologies, requirement of low maintenance for vehicle engines, and reduction in pollution.
Restraint: High cost of technology
Coating technologies such as ALD, CVD, and PECVD are significantly expensive. Implementing these technologies for coating battery materials such as cathodes, anodes, and electrolytes is expected to increase the cost of the battery material, resulting in increasing the cost of the battery. Therefore, the high cost of coating technologies hinders their adoption in li-ion batteries.
Opportunity: Innovations and technological advances in battery materials
Innovations and technological advances offer various opportunities for the growth of players in the battery materials industry. Major players are investing in the research & development of battery materials, leading to various technological advancements in batteries in terms of higher power output and energy density, quick charging, better safety, and longer life cycles. Coating technologies such as ALD and CVD which are used to coat battery materials at the atomic level, offer higher durability, safety, and improved performance.
Challenge: Expected utilization of solid electrolytes
The trends in research on lithium-ion batteries include extension of life, energy density, safety, cost reduction, and charging speed, among others. Research has been underway in non-flammable electrolytes as a path to increase safety based on the flammability and volatility of the organic solvents used in a typical electrolyte. One of the strategies for achieving low flammability and volatility is the use of solid electrolytes. Compared with liquid electrolytes, solid electrolytes offer various advantages including low flammability, good flexibility, excellent thermal stability, and higher safety.
Electrode coating is projected to be largest coating component in battery coating market
In battery component segment, electrode coating is projected to be the largest component in battery coating market. Over the past few decades, efforts have been made towards discovering new electrode coating materials and technologies to improve the electrochemical performance of electrode materials among other reasons. Significant research has also been undertaken to find methods of improving the electrochemical performance of batteries
Lithium-ion battery is projected to be largest battery type in battery coating market
In battery type segment, lithium-ion battery is projected to be the largest battery type in battery coating market. They do not contain toxic cadmium, which enables easier disposal than that of batteries which contain cadmium. Lithium-ion batteries have replaced nickel-cadmium batteries in various applications and have become a market leader for utilization in smartphones, laptops, and other portable electronic devices. Lithium-ion batteries are also used to control electrical frameworks for some aviation applications.
PVDF is projected to be largest coating material in battery coating market
In material type segment, PVDF is projected to be the largest coating material in battery coating market. PVDF is a semi-crystalline polymer, has low hardness, electrochemical stability, and good affinity to electrolytes. PVDF polymer chains contain strong electron-withdrawing groups and have a high dielectric constant which is beneficial for the promotion of the complete dissolution of lithium salt and increase carrier concentration
Companies under agreement
ALTECH
Suite 8, 295 Rokeby Road, Subiaco Western Australia 6008 | W: www.altechgroup.com
Altech Batteries Ltd is at the cutting edge of developing battery materials for a Lithium-ion battery future by successfully incorporating silicon in graphite anodes to produce higher energy density batteries. Altech, led by its research and development team, has achieved extremely positive results with its battery material coating technology for use within the electric vehicle battery market. The R&D focuses on coating high-purity alumina (HPA) on silicon and graphite for inclusion within electric vehicle battery anodes.
Altech has “cracked the silicon barrier” and successfully produced and tested a series of lithium-ion battery anode materials with ~30% higher retention capacity than conventional lithium-ion battery anode materials. Altech successfully combined silicon particles treated with its innovative proprietary technology with regular battery-grade graphite to achieve its breakthrough in producing a lithium-ion battery electrode containing a composite graphite/silicon anode. These materials held 30% more capacity when energised than conventional graphite-only anode material.