EV BATTERY GASKET MARKET

INTRODUCTION

A battery seal is a safety device that completely encloses a battery to stop electrolyte leakage. Radial crimping pressure or impact are used to seal the plastic gasket to the cell. Due to their significantly higher energy density as compared to weight, lithium-ion and lithium-polymer batteries are typically seen in modern electric vehicles. Lithium, manganese, cobalt, graphite, steel, and nickel are the main chemical components needed in lithium-ion batteries.

The space between two surfaces is sealed with a gasket, commonly referred to as an O-ring or washer. These objects often come in a variety of sizes and forms based on their intended use and are manufactured of rubber. The flat gasket is the most typical kind of gasket. A mechanical gasket prevents leakage from or into the attached components while they are compressed by filling the area between two or more mating surfaces.

Lithium cobalt oxide (LCO), lithium manganese oxide (LMO), lithium iron phosphate (LFP), lithium nickel cobalt aluminium oxide (NCA), and lithium nickel manganese cobalt oxide are the most widely utilised kinds (NMC). Lithium-ion batteries currently use graphite on a large scale as the anode.

Corrosion and UV protection: One of the key factors in why so many businesses use the E-coat process for industrial applications is its exceptional corrosion resistance. But as the majority of e-coats are not UV stable, they are typically primarily utilised as primers or finishes.

EV BATTERY GASKET MARKET SIZE AND FORECAST

The Global EV Battery Gasket market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

EV BATTERY GASKET MARKET NEW PRODUCT LAUNCH

Gaskets for electric vehicle batteries offer thermal insulation and environmental sealing. They might also offer electromagnetic interference shielding and fire protection (EMI). Gaskets for EV batteries are made of rubbers, or elastomers, which add particular qualities, including chemical resistance. These elastomeric gaskets cover the spaces between machined metal surfaces because rubber is compressible. You may get the EV battery gaskets at Elasto Proxy.

Metal that is both light and resistant to corrosion. They are exposed to corrosive chemicals, extreme heat, and physical pressures and have a significant sealing area. As a result, silicone foam or polyurethane foam is used to make the majority of EV battery cover gaskets. In order to fill surface discontinuities, they have hollow parts that fit with metal cover plates.

Although they can also allow for some movement within the application, EV battery cover gaskets are made to close these gaps. This is significant because metal expands when heated by the battery and contracts when cooled. Cracking may happen if a gasketing material is inflexible and hard rather than soft and compressible.

ELECTRIC VEHICLE INDUSTRY OUTLOOK

• The global EV industry grew by 35% to 14.1 million units in 2023 with China and Europe dominating the market.
• OEM, and battery suppliers are working in tandem to improve the scale of battery manufacturing across Europe, and North America. This is led by Tesla, GM, Ford, Stellantis, Bosch, North Volt, CATL and other such suppliers. The main reason for the involvement of OEMs in upstream supply chain is to ensure constant supply of batteries as well as directly participating in improving the overall process of manufacturing.
• EVs across multiple platforms such will come in over the forecast period in the market with models based on PPE platform by Volkswagen gathering the highest attention.
• There will be a massive shift in the internal voltage of the vehicles with 12 V going to decrease and 48 V increasing. Tesla will aim to shift it for the upcoming vehicles as they have done with the Cyber truck.
• To ensure constant revenue from vehicles, especially lost revenue due to the sales of parts, multiple sources subscription services will be launched.

AUTOMOTIVE INDUSTRY OUTLOOK

• The automotive industry is expected to grow at 5% in 2024 compared to 2023.
• The market for automotive segment is expected to a technological shift with the major focus on automated driving and electrification.
• Automated taxi services will also see a growth across USA and Tesla’s announcement of RoboTaxis will push the market forward in this aspect.
• China and Europe will lead the industry for electrification with BEVs leading the pack.
• Electrification is the next trend that is capturing the global automotive market with 14.1 million plugged in vehicles sold in 2023.

EV BATTERY GASKET MARKET COMPANY PROFILE

• Bharat Power Solutions
• Z-Power Impex Private Limited
• Explore Synergy Synocare Private Limited
• Genuine Power
• Indygreen Technologies Private Limited
• Neuron Energy
• Voltherm Technologies LLP

EV BATTERY GASKET MARKETREPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many EV Battery Gasket are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global EV Battery Gasket and key vendor selection criteria
3. Where is the EV Battery Gasket manufactured? What is the average margin per unit?
4. Market share of Global EV Battery Gasket market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global EV Battery Gasket in-house
6. key predictions for next 5 years in Global EV Battery Gasket market
7. Average B-2-B EV Battery Gasket market price in all segments
8. Latest trends in EV Battery Gasket market, by every market segment
9. The market size (both volume and value) of the EV Battery Gasket market in 2023-2030 and every year in between?
10. Production breakup of EV Battery Gasket market, by suppliers and their OEM relationship