Lithium-ion Battery Dispersant Market

The global lithium-ion battery dispersant market is projected to grow from USD 0.91 billion in 2024 to USD 1.70 billion by 2029, at a CAGR of 13.2% from 2024 to 2029. The market's growth is driven by the increasing demand for lithium-ion battery in automotive, growth in renewable energy storage, and expansion of portable electronics.

Companies such as Ashland (US), LG Chem (South Korea), Huntsman International LLC (US), Evonik Industries AG (Germany), and Kao Corporation (Japan) fall under the winners’ category. These are leading players globally in the lithium-ion battery dispersant market. These players have adopted the strategies of agreements and expansions to fulfill the rising demand for lithium-ion battery dispersants on the regional and global levels.

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Ashland (US)

Ashland is a multinational additives and specialty ingredient firm that focuses on the consumer market. The company serves nine different industries through its products and services including crop care, construction, energy and resources, food and beverage, medical, paints and coatings, performance specialties, personal and home care, and pharmaceuticals.

The company operates through four major business segments including Life Sciences, Personal Care, Specialty Additives, and Intermediates. Ashland provides dispersants, wetting agents, surfactants, and foam-control agents through the specialty additives business segment. The company marks its global presence through its 20 R&D labs, 36 manufacturing sites, and 31 offices in more than 100 countries located across North America, Europe, Asia Pacific, South America, and Middle East.

LG Chem (South Korea)

LG Chem is one of the leading chemical manufacturing companies around the globe. The company operates through five major business segments including Petrochemicals, LG Energy Solution, Advanced Materials, Life Sciences, and Common and Others. The company further has several divisions in these business segments. The petrochemical business segment is divided into several divisions including NCC/PO division, PVC/Plasticizers division, ABS division, Acrylates division, sustainability division, and catalyst division.

The advanced materials business segment is divided into six divisions including cathode material division, electronic material business unit, engineering materials division, separator material division, water solution business unit, and battery material new business unit. The company marks its global presence by providing its products and services in Asia Pacific, North America, and Europe.

Huntsman International LLC (US)

Huntsman International LLC was initially known as Huntsman Container Corporation. It produces and markets specialty chemicals all over the world. The company operates through three major business segments including Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment produces polyurethanes with an emphasis on creating products for important downstream markets, such as furniture and bedding comfort foam, protective coatings, adhesives, and elastomers for shoes. The Advanced Materials segment offers adhesive goods and epoxy, acrylic, and polyurethane-based polymer resin systems that are taking the place of conventional materials in electrical power transmission, automobiles, and airplanes.

Evonik Industries AG (Germany)

Evonik Industries AG is among the top producers of specialty chemicals worldwide. The company operates through five major business segments including Specialty Additives segment; Nutrition & Care segment; Smart Materials segment; Performance Materials segment; and Technology & Infrastructure segment. The company serves a wide range of industries that can be summarized as adhesives & sealants, agriculture, automotive, transportation & machinery, batteries, composites, construction, electronics, general industry, plastics & rubber, release coatings, textile & fibers, and water treatment industry. The company marks its global presence by providing its products and services in over 100 countries located across North America, South America, Asia Pacific, Europe, Middle East, and Africa.

Kao Corporation (Japan)

Kao Corporation manufactures sustainable products and solutions through its five business segments including Hygiene and Living Care, Health and Beauty Care, Life Care, Cosmetics, and Chemical. The company markets approximately 140 products around the world and has 81 brands for consumer products and cosmetics including Emal, Flair Fragrance, New Beads, Laurier, Relief, Success, MyKirei, Merit, ORIBE, PureOra, and KATE. Kao Corporation provides lithium-ion battery dispersant under the LUNA ACE brand name. The company marks its global presence by providing its products and solutions across Asia Pacific, Europe, Africa, North America, and South America.

Related Reports:

Lithium-ion Battery Dispersant Market by Dispersant Type (Block Copolymers, Naphthalene Sulfonates, Lignosulfonates), End-Use (Consumer Electronics, Electric Vehicles, Military, Industrial), Formulation Type, and Region - Global Forecast to 2029

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