Thermal Runaway Protection Materials for EV Battery Market
Thermal Runaway Protection Materials for EV
Battery Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Thermal Runaway Protection Materials for EV Battery Market Size and Growth
The Thermal Runaway Protection Materials for EV Battery market is expanding due to increasing electric vehicle adoption and safety regulations. The market is projected to reach approximately $1.8 billion by 2028, driven by advanced materials innovation and rising demand for efficient thermal management solutions to mitigate battery failure risks in electric vehicles.
Companies Covered
(Covid 19 Impact Covered)
◍ 3M
◍ Morgan
◍ Aspen Aerogels
◍ Tape Solutions
◍ Cubic Sensor and Instrument
◍ SCHOTT
◍ Tapecon
◍ Unifrax Holding
◍ Norseal
◍ Rogers Corporation
The EV battery market faces thermal runaway risks, prompting companies like 3M, Morgan, Aspen Aerogels, and others to develop protective materials. These firms enhance battery safety through innovative thermal barrier technologies, contributing to market growth. Revenue highlights include 3M’s $35 billion and Rogers Corporation’s $800 million, fueling industry expansion.
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Market Segmentation
By Application
Passenger Cars
Commercial Vehicles
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By Product
Silicone Material
Conductive Tapes
Others
Market Growth
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$ X Billion USD
