Japan Thermal Runaway Protection Materials for EV Battery Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 14.0% from 2024 to 2030.
In the rapidly evolving electric vehicle (EV) industry, ensuring battery safety is paramount. A critical concern is thermal runaway—a phenomenon where a battery cell's temperature uncontrollably rises, potentially leading to fires or explosions. To mitigate this, Japan has been at the forefront of developing advanced thermal runaway protection materials tailored for EV batteries.
One notable advancement is by Sumitomo Bakelite Co., Ltd., which introduced phenolic molding compounds with exceptional fire resistance. These compounds maintain structural integrity even under prolonged exposure to extreme heat, effectively delaying thermal runaway progression. Their versatility allows for intricate component designs, enhancing both safety and efficiency in EV batteries.
Similarly, Asahi Kasei unveiled LASTAN™, a flame-retardant nonwoven fabric capable of withstanding temperatures up to 1,300°C. Beyond its impressive thermal resistance, LASTAN™ offers electrical insulation and flexibility, making it suitable for various battery applications, including protective covers and busbar sleeves.
LG Chem has also contributed by developing an advanced plastic product designed to prevent thermal runaway. This material can endure temperatures of 1,000°C for over ten minutes, significantly surpassing the performance of conventional plastics. Its integration into battery components provides crucial time for occupants to evacuate in emergencies.
The industry's shift towards solid-state batteries further underscores the emphasis on safety. These batteries utilize solid electrolytes, reducing flammability risks. Companies like Idemitsu Kosan are investing in lithium sulfide plants to support the commercialization of all-solid-state batteries, aligning with major automakers' EV strategies.
Incorporating these innovative materials addresses the industry's stringent requirements for safety, durability, and performance. As EV adoption accelerates, the demand for such advanced thermal runaway protection solutions is expected to grow, ensuring safer and more reliable electric transportation.
Interestingly, the advancements in thermal runaway protection materials for EV batteries share similarities with the developments in the 100 Gigabit Fiber Optic Transceiver Market Type and requirement from industries, where the focus is on enhancing performance and safety to meet industry demands.
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3M
Morgan
Aspen Aerogels
Tape Solutions
Cubic Sensor and Instrument
SCHOTT
Tapecon
Unifrax Holding
Norseal
Rogers Corporation
NeoGraf
Nomex
Avery Dennison Performance Tapes
KULR TECHNOLOGY GROUP
Goode EIS
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Thermal Runaway Protection Materials for EV Battery Market
Thermal Insulation Materials
Thermal Management Materials
Fire Resistant Materials
Composite Materials
Electronic Protective Coatings
Battery Modules
Battery Packs
Battery Management Systems
Cooling Systems
Structural Components
Automotive
Aerospace
Consumer Electronics
Energy Storage Systems
Electric Bicycles and Scooters
Flexible Materials
Rigid Materials
Sheet and Roll Formats
Custom Molded Components
Direct Sales
Distributors
Online Retail
OEM Partnerships
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Thermal Runaway Protection Materials for EV Battery Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Thermal Runaway Protection Materials for EV Battery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Thermal Runaway Protection Materials for EV Battery Market, By Type
6. Japan Thermal Runaway Protection Materials for EV Battery Market, By Application
7. Japan Thermal Runaway Protection Materials for EV Battery Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Thermal Runaway Protection Materials for EV Battery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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