Advanced Conductive Agents: Global Markets

Report Highlights

The global market for conductive agents should increase from $1.3 billion in 2020 to $2.7 billion by 2025, at a compound annual growth rate (CAGR) of 15.3% during the period of 2020-2025.

Report Includes

• 165 data tables and 11 additional tables
• An overview of the global market for advanced conductive agents within the fuel cell and batteries industry
• Analyses of the global market trends with data from 2019 and 2020, and projections of compound annual growth rates (CAGRs) through 2025
• Estimation of the actual market size (both value and volumetric based data) and revenue forecasts (in dollar millions), and corresponding market share analysis on the basis of material type, end use and geographical region
• Highlights of the new technological developments and major industry strategies with emphasis on the Chinese government subsidy policies to the EV industry, restructuring of the battery business, and a comparison between Chinese and the global markets
• Patent review of conductive agents, and allotments of patents and corresponding shares by assignee country, application area, and year of grants
• Detailed company profiles of the major market participants, including Arkema, Akzo Nobel, Hitachi Chemical Co., Mitsubishi Chemical Corp., SGL Group and Toray

Report Scope

This report covers the following conductive agent materials used in batteries, fuel cells, supercapacitors, conductive or antistatic polymers, conductive or antistatic coatings, and electrical and electronic products:

• CNTs.
• Graphene.
• Carbon black, including acetylene black, Ketjen black, channel black, furnace black, lamp black and thermal black.
• Graphite.
• Other carbons such as carbon fibers, petroleum coke and active carbon.
• Metals such as metal fibers, silver powder, copper powder, fluorocarbon powder, aluminum powder and nickel powder.
• Metal oxides such as stannic oxide (SnO₂) and zinc oxide (ZnO).
• Other materials including cationic antistatic agents and anionic antistatic agents such as quaternary ammonium compounds.

This report also examines conductive agents used in motive power batteries and fuel cells in the following types of electric vehicles (EVs), which is a fast-growing segment that will take 56.4% of the global conductive agent market by 2025:

• Passenger vehicles (sedans, microcars, SUVs, crossover SUVs, pickup trucks, sports cars).
• Low-velocity vehicles (golf carts, neighborhood EVs, personal mobility devices).
• Buses.
• Commercial/industrial vehicles (material handling equipment, burden carriers, forklifts, trucks).

The numbers and weight of batteries and fuel cells used in these EVs are estimated and forecasted in this report.

Two other major types of electric vehicles are out of the scope of this report:

• Scooters (two-wheelers, motorcycles, some three-wheelers).
• Niche (military, self-driving vehicles, locomotives).

There are many types of batteries and fuel cells available in the market, but nearly all EV batteries/fuel cells and have one of four systems:

• Lead-acid battery.
• Nickel metal hydride battery.
• Lithium-ion (including lithium polymer) battery.
• Proton exchange membrane (PEM) fuel cell.

Materials used in automotive lithium-ion battery and PEM fuel cells will have strong growth in the next five years. Materials used in automotive lead-acid batteries and nickel metal hydride batteries will have slow growth in the next five years. In addition to the above four types, phosphoric acid fuel cells and other fuel cells may also be used in the automotive industry at commercial scale in the forecast period.

Batteries used for automotive starting, lighting and ignition are not considered to be motive batteries in this report.

Analyst Credentials

Jason Chen has been an analyst and consultant for the polymer, composite, fiber, textile and energy industries for 18 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. Currently he is the chief scientist of a company endeavoring to reduce China's air and water pollution. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.