According to a market research report, the “Lithium-Ion Battery Dispersant Market by Type (Block Co-Polymers, Naphthalene Sulfonates, Lignosulfonates, Others), End-Use (Consumer Electronics, Military, Electric Vehicles, Industrial, Others) and Region – Global Forecast to 2027″, 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.
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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).
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Lithium-Ion Battery Dispersant Market.
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LG Chem is one of the largest manufacturers and distributors of lithium-ion battery dispersant. LG Chem is one of the leading chemical manufacturing companies and offers its products under five product segments—petrochemicals, energy solutions, advanced materials, life sciences, and common & others. Along with lithium-ion battery dispersant, the company also offers various kinds of IT materials such as polarizers, automotive materials for LCD photoresists, OLED materials, battery materials and others, as well as reverse osmosis (RO) membrane. The dispersant offered by the company is specially focused on applications such as automobile batteries which is the growing market for lithium-ion battery. The company has more than 20 subsidiaries. It has a regional presence in Asia Pacific, Europe, and North America.
Ashland is one of the major players which provide specialty materials to cater to a wide range of applications, including architectural coatings, construction, energy, food & beverage, nutraceuticals, personal care, and the pharmaceutical industry. The company offers its products under four segments—life sciences, personal care & household, specialty additives, and intermediates & solvents. Ashland sells the dispersant used for lithium-ion batteries under the Soteras brand. Ashland offers lithium-ion battery dispersant for a water-based slurry of lithium-ion battery electrode preparation, which is used both for anode and cathode preparation. The company has R&D centers and a regional presence in North America, Europe, and Asia Pacific.
