by Type (Block Co-Polymers, Naphthalene Sulfonates, Lignosulfonates, Others), End-Use (Consumer Electronics, Military, Electric Vehicles, Industrial, Others) and Region - Global Forecast to 2027”. The Lithium-Ion Battery Dispersant Market is estimated to grow from USD 735 million in 2022 to USD 1,285 million by 2027, at a CAGR of 11.8% during the forecast period. Development of smart devices and other industrial goods using lithium-ion battery is driving the growth of lithium-ion battery dispersant market.
The Block Co-polymer segment is expected to hold the largest share of the lithium-ion battery dispersant market, during the forecast period
The block co-polymer segment is expected to lead the lithium-ion battery dispersant market during the forecast period by value. Block co-polymers are effective for dispersing pigments in organic liquids. They are used to form pigment dispersions that are used in a variety of solvent-borne coating compositions. Such pigment dispersions are widely used in lithium-ion batteries. Thus, growth in lithium-ion batteries will drive the market for the segment.
Among end-use, electric vehicle is the largest segment in the lithium-ion battery dispersant market
The electric vehicle segment is expected to lead the lithium-ion battery dispersant market during the forecast period by value. A significant portion of the population in countries such as China and Germany are shifting towards electric vehicles, creating the market for lithium-ion batteries. Thus, growth in lithium-ion batteries will bolster the demand for lithium-ion battery dispersant.
Asia Pacific region is expected to be the largest lithium-ion battery dispersant market
Asia Pacific is expected to lead the lithium-ion battery dispersant market during the forecast period by value. This demand can be attributed to the high growth in emerging economies of the region that has made Asia Pacific a lucrative market for the manufacturers of lithium-ion battery. The presence of electronic manufacturers in the region, such as Panasonic Corp. (Japan), Sony Corp. (Japan), Samsung SDI Co., Ltd. (South Korea), and LG Electronics Inc. (South Korea), is a key factor driving the market demand for lithium-ion battery market, creating the demand for lithium-ion battery dispersant in Asia Pacific.
Some of the leading players in this market include Ashland (US), Kao Corporation (Japan), LG Chem (South Korea), Toyocolor Co., Ltd. (Japan), The Lubrizol Corporation (US), Croda International PLC (UK), Borregaard AS (Norway).