Report Description Table of Contents The global fire protection materials for EV batteries market in 2022 was USD 259.80 million, and by 2030 it is expected to be worth USD 754.20 million, growing at a 14.25% CAGR during the forecast period. Manufacturers of EV batteries and OEMs are working together to find more effective ways to produce batteries at scale as the adoption and innovation of EVs pick up speed. Electric vehicles have gained popularity among consumers concerned about the environment as the automobile industry shifts towards cleaner energy sources. EVs have an excellent range and performance because lithium-ion batteries power their electric motors. But along with the advantages come certain risks, and one of the biggest worries is the possibility of lithium-ion battery fires. Fire protection remains essential to ensure the highest possible safety of vehicle batteries in case of accidents and fires, especially with stricter regulatory requirements. Battery safety is influenced by many factors, such as cell chemistry, cell format, and heat management. Despite all the improvements, the risk of thermal runaway in Li-ion batteries still exists. Hence, using passive fire protection materials is a crucial strategy to ensure the safety of electric vehicle (EV) batteries. Although lithium-ion batteries have many benefits, they also pose safety risks. These batteries have materials that are highly reactive and combustible, which can cause thermal runaway. Numerous factors, such as overcharging, production flaws, physical damage, and exposure to high temperatures, can cause thermal runaway. There has been a significant increase in the number of fires involving electric cars, with over 250 recorded in 2022 alone. The National Fire Protection Association (NFPA) states that the risk of an electric vehicle (EV) catching fire is one in every 11,000,000 miles driven. This is much lower compared to the risk of a gasoline-powered car catching fire, which is roughly one per 10,000 miles driven. Therefore, EVs are safer in terms of fire risks than traditional gasoline-powered cars. Market Drivers Regulations greatly influence electric vehicle safety, and several regulations have been put into place to reduce the risk of thermal runaways. China was a pioneer in adopting thermal runaway-specific laws, which included the "5-minute rule," which mandates that automobiles warn occupants within five minutes of a fire incident. Manufacturers are forced to invest in cutting-edge fire protection materials to comply with stringent laws and safety standards set by governments and international organizations, ultimately reducing and preventing battery-related fires. Electric car safety depends on regulations, and different nations have varying safety requirements that automakers must follow. For various electric vehicle (EV) categories, the Ministry of Road Transport and Highways revised AIS 156 and AIS 038 Rev.2 standards on October 2022. Additional safety regulations regarding battery cells, BMS, on-board chargers, battery pack designs, and heat propagation owing to internal cell short circuits causing fire are included in these changes. To alter Sub-rule 4 of Rule 124 of the Central Motor Vehicles Rule (CMVR) 1989, the ministry has also released draft notification GSR 659 (E) dated August 25, 2022. Thus, the rising risk of fire in EV have compelled government to impose safety regulation, driving the demand for fire safety materials. The demand for fire protection materials in EV batteries is increasing due to safety issues caused by lithium-ion batteries in electric vehicles. Various factors can lead to EV battery fires. Thermal runaway, mechanical damage, production flaws, and environmental factors are some causes of battery cell hazards. Thermal runaway may cause discharge of poisonous gases, extreme heat, fires, or explosions. Lithium-ion batteries (LIBs) have gained significant attention due to their potential for providing efficient energy storage and promoting environmental sustainability. The poor safety performance of LIBs has become a major obstacle in the growth of the electric vehicle (EV) industry and its far-reaching effects. Numerous lithium-ion batteries (LIBs) have recently been recalled due to explosions and fire accidents. These incidents have resulted in severe economic issues for the related market sectors and significant damage to the reputation of LIBs. Consequently, the safety concerns of LIBs are now receiving more attention, and new safety methods are being developed to address these concerns. Restraints The market for electric vehicle (EV) batteries poses several challenges for fire protection materials. These challenges include cost issues, environmental impact issues, regulatory compliance, long-term durability requirements, consumer perception, global regulatory variability, and a lack of testing data. These factors may hinder the development and implementation of efficient fire protection materials for EV batteries. Opportunity Due to the rapid advancement of Li-ion battery technology, electric vehicles (EVs) have had a substantial impact on the worldwide automotive industry over the past ten years. The release of jet flames, toxic gas, fire, and explosions accompanies battery failure. Despite the increasing energy density of LIBs, unresolved fire safety issues are likely to result in a rise in EV fire accidents. In most cases, fires involving battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) originate in the battery power system, particularly those caused by self-ignition. The battery capacity in these vehicles plays a similar role to the amount of gasoline in the fuel tank of an ICEV powering the vehicle. Therefore, the battery pack's size and capacity and the fire hazard related to the battery cell and power system are crucial factors in the likelihood of an EV fire. The risk of fire in an EV increases with the number of batteries and the amount of energy they can store. However, as the potential fuel load increases, the risk of an EV fire also rises with an increase in the amount and capacity of batteries. Therefore, the need for fire protection materials will expand in the coming years due to the rising risk of fire in EVs and the rising battery capacity of EVs. Fast charging, more battery power, and technological advancements like moving from Si IGBT power inverters for traction to SiC MOSFETs, which have faster-switching frequencies, higher power densities, and consequently more heat dissipation issues, all enhance the risk of fire. For example, in China, new EV fire safety rules are also being created. Thermal interface material, flame-retardant material, and fire-protection material suppliers have potential as a result of these difficulties. Therefore, due to these risks, the market for fire protection materials has enormous growth potential in the future. Market Segmentation The market segmentation of fire protection materials in EV batteries is done on the basis of battery capacity, material, application, and region. By Battery Capacity Below 30 kWh 30 kWh to 100 kWh 210 kWh to 300 kWh 110 kWh to 200 kWh By Materials Aerogels Ceramics (and other non-wovens) Encapsulants Coatings (intumescent and other) Mica Compression pads (with fire protection properties) Phase change materials Other materials By Application Two-Wheelers (E-Motorbikes) EV Passenger Cars EV Commercial Vehicles By Region North America Canada United States Asia Pacific South Korea China Japan India Australia Rest of APAC Europe France Germany Spain Italy UK Rest of Europe On the basis of materials, the encapsulants segment ruled the market in 2022 with a revenue share of 31.86%. Encapsulants are a large category of materials that mainly shield electronic components from hazardous chemical, mechanical, electrical, or thermal conditions. Battery experts are utilizing interstitial encapsulation techniques in addition to good thermal management techniques to offer even better protection. Foam encapsulation improves the rigidity and structure of battery packs by stabilizing the cells and protecting them from vibrations and shocks. This typically involves the use of materials including silicone foam, silicone, epoxy foam, epoxy, and polyurethane foam. For example, in EV battery modules, battery cells are potted and enclosed in H.B. Fuller's EV Protect 4006 polyurethane foam encapsulant. It protects against fire and mitigates the effects of the outside circumstances. The battery modules are less burdened by the lightweight material, which also reduces noise, vibration, and harshness. On the basis of application, the EV passenger car segment led the market with a revenue share of nearly 77.02% in 2022. In 2022, nearly 57.5 million passenger cars were sold, and the rising number of passenger cars increases the risk of fire. According to EV FireSafe, from 2010 to 2023, 0.0012% of electric passenger vehicles caught fire globally. Asia Pacific is the biggest regional market, with a revenue share of nearly 41.56% in 2022. China led the Asia Pacific market with a revenue share of 89.24% in 2022. It is essential to prioritize the safety of electric vehicles (EVs) with the increasing number of EVs on the roads. It is necessary to ensure that all necessary measures are taken to maintain their safety standards. Fire protection materials are crucial to minimize the risk of thermal runaway events and fires in EV battery systems. To promote safety, the Asia-Pacific region, with a growing EV industry, has implemented various fire protection measures. Depending on the manufacturer, EV batteries in the Asia-Pacific region may require varying fire protection materials and technologies. However, in order to guarantee the dependability and security of EVs in the area, a major emphasis is placed on safety and adherence to international standards. As the EV business develops, it is crucial to keep up with the most recent advancements in fire prevention materials and technologies. One EV-related fire occurs every week in China, which in 2021 sold 3.31 million new energy passenger vehicles for a 53% market share worldwide. As a result of this, China released three new national safety standards. For example, when the battery overheats in an EV, 5-minute warning will alert passengers before thermal runaway and spreading of the dangerous condition in the passenger compartment. In terms of safety concerns, the EV market in India has significantly changed. A number of electric scooter fires occurred in 2022, leading to recalls and safety issues. In reaction to these accidents, India's regulating organizations have proposed alterations to present safety rules, which are set to go into effect in October 2022. These changes give EV battery safety more attention, especially in the micro-mobility categories. The usage of authorized cells is no longer the only requirement; requirements for battery design elements like inter-cell spacing are also now required. The requirement for battery design elements, such as inter-cell spacing, has been added to authorized cells. Key Players Graco Inc. H.B. Fuller Alkegen PPG Industries Henkel Aspen Aerogels Saint Gobain Sika Morgan Advanced Materials Jios Aerogel Others Recent Development In July 2023, Nuvola Technology announced their SafeCoat Direct Deposition Separator (DDS) material, which eliminates the main ignition source for lithium-ion battery fires. The hard plastic sheet separator material currently utilized in battery manufacturing is replaced with SafeCoat. The battery's electrodes are completely encapsulated and shielded from a thermal runaway and a potential fire by its inventive spray-on coating. In July 2023, the first material screening test technique to assess the composition of electric vehicle battery enclosures, called Battery Enclosure Thermal Runaway evaluation, was recently announced by UL Solutions. The UL Standards and Engagement division released UL 2596, a new standard for testing the thermal & mechanical performance of battery enclosure materials, on January 27, 2022. In February 2023, ETRI has recently announced the development of a new flame retardant additive that is based on fluorosulfate. In comparison to TPP, which is a phosphorous-based flame retardant that is not yet available commercially, this new additive has superior flame retardant properties, electrochemical stability, and cell performance. This breakthrough is expected to be extremely beneficial in achieving high levels of safety in lithium-ion batteries and eliminating the fire hazards associated with electric vehicles. In February 2023, PyroPhobic Systems Ltd. Announced that General Motors has selected their LithiumPrevent 200 material for use in their Ultium battery platform for electric vehicles. PyroPhobic Systems Ltd. Is a prominent provider of fire-resistant thermoplastic resins and components for the battery and building safety markets. Frequently Asked Question About This Report Sources: https://e-vehicleinfo.com/how-to-protect-the-electric-vehicles-from-catching-fire/ https://inc42.com/buzz/new-safety-norms-for-ev-batteries-in-effect-from-oct-1/ https://www.idtechex.com/en/research-report/fire-protection-materials-for-electric-vehicle-batteries-2023-2033/897 https://timestech.in/evs-are-next-big-opportunity-for-fire-protection-materials/ https://www.pinfa.eu/mediaroom/ev-fires-an-opportunity-for-materials/#gsc.tab=0 https://maritimesafetyinnovationlab.org/wp-content/uploads/2021/12/Academic-A-review-of-battery-fires-in-electric-vehicles-2020.pdf https://greenerideal.com/news/vehicles/electric/ev-battery-fires-safety-concern/ https://www.idtechex.com/zh/research-article/evs-are-the-next-big-opportunity-for-fire-protection-materials/28113 https://www.ellsworth.com/manufacturers/hb-fuller/hb-fuller-solutions-for-battery-and-electric-vehicles/ https://www.businesswire.com/news/home/20230216005162/en/Canadian-Company-PyroPhobic%E2%80%99s-Innovative-Fire-Safety-Material-Selected-by-General-Motors https://www.ucf.edu/news/new-ucf-developed-battery-could-prevent-post-hurricane-electric-vehicle-fires/ https://www.azom.com/news.aspx?newsID=60870 Table of Contents 1. EXECUTIVE SUMMARY 1.1. Market Attractiveness 1.2. Understanding the Target Customers 1.3. CXO perspective 1.4. Global Fire Protection Materials for EV Batteries Market, Historical Market Size & Future Projections Analysis 1.5. Global Fire Protection Materials for EV Batteries Market, By Battery Capacity 1.6. Global Fire Protection Materials for EV Batteries Market, By Materials 1.7. Global Fire Protection Materials for EV Batteries Market, By Application 1.8. Global Fire Protection Materials for EV Batteries Market, By Country 2. MARKET SHARE ANALYSIS 2.1. Top 10 Players with Revenue and Sales Volume 2.2. Market Share, 2022 3. GROWING DEMAND FOR FIRE-RESISTANT SOLUTIONS IN ELECTRIC VEHICLE BATTERY PRODUCTION, BY COUNTRY 3.1. North America (United States, Canada) 3.2. Europe (UK, Germany, France, Netherlands, Italy, Spain, Benelux, Rest of Europe) 3.3. Asia Pacific (China, Japan, South Korea, India, Australia, Rest of APAC) 3.4. Rest of the World 4. SALES VOLUME (UNITS), NUMBER OF PROCEDURES/NUMBER OF DEPLOYMENTS (UNITS), BY COUNTRY 4.1. North America (United States, Canada) 4.2. Europe (UK, Germany, France, Netherlands, Italy, Spain, Benelux, Rest of Europe) 4.3. Asia Pacific (China, Japan, South Korea, India, Australia, Rest of APAC) 4.4. Rest of the World 5. INVESTMENT OPPORTUNITIES IN THE MARKET 5.1. On Going Market Developments 5.2. Merger & Acquisition Trends 5.3. Key Investment Opportunities 5.4. Most Potential Product Segments from Growth and Investment Perspective 6. MARKET INTRODUCTION 6.1. Definition 6.2. Scope of the Study 6.3. Market Structure 6.4. Macro Factor Indicator Analysis 6.5. Key findings 6.5.1. Top investment pockets 7. RESEARCH METHODOLOGY 7.1. Research Process 7.2. Primary Research 7.3. Secondary Research 7.4. Market Size Estimation 7.5. Forecast Model 8. MARKET DYNAMICS 8.1. Introduction 8.2. Drivers 8.3. Restraints 8.4. Opportunities 8.5. Challenges 8.6. Covid-19 Impact Analysis 9. GLOBAL FIRE PROTECTION MATERIALS FOR EV BATTERIES MARKET ANALYSIS BY SEGMENT (COUNTRY LEVEL ANALYSIS) 9.1. Overview 9.2. Global Fire Protection Materials for EV Batteries Historical Market size ($MILLION), Sales Volume, (2017 – 2021) 9.3. Global Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027) 9.4. Global Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Battery Capacity 9.4.1. Below 30 kWh 9.4.2. 40 kWh to 100 kWh 9.4.3. 110 kWh to 200 kwh 9.4.4. 210 kwh to 300 kwh 9.5. Global Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Materials 9.5.1. Aerogels 9.5.2. Encapsulants 9.5.3. Ceramics (and other non-wovens) 9.5.4. Mica 9.5.5. Coatings (intumescent and other) 9.5.6. Encapsulating foams 9.5.7. Compression pads (with fire protection properties) 9.5.8. Phase change materials 9.5.9. Other materials 9.6. Global Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Application 9.6.1. Two-Wheelers (E-Motorbikes) 9.6.2. EV Passenger Cars 9.6.3. EV Commercial Vehicles 9.7. Global Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Geography 9.7.1. North America 9.7.2. Asia Pacific 9.7.3. Europe 9.7.4. Rest of the World 10. NORTH AMERICA FIRE PROTECTION MATERIALS FOR EV BATTERIES MARKET ANALYSIS 10.1. Overview 10.2. North America Fire Protection Materials for EV Batteries Historical Market size ($MILLION), Sales Volume, (2017 – 2021) 10.3. North America Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume and Forecasts (2022 – 2027) 10.4. North America Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Battery Capacity 10.4.1. Below 30 kWh 10.4.2. 40 kWh to 100 kWh 10.4.3. 110 kWh to 200 kwh 10.4.4. 210 kwh to 300 kwh 10.5. North America Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Materials 10.5.1. Aerogels 10.5.2. Encapsulants 10.5.3. Ceramics (and other non-wovens) 10.5.4. Mica 10.5.5. Coatings (intumescent and other) 10.5.6. Encapsulating foams 10.5.7. Compression pads (with fire protection properties) 10.5.8. Phase change materials 10.5.9. Other materials 10.6. North America Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Application 10.6.1. Two-Wheelers (E-Motorbikes) 10.6.2. EV Passenger Cars 10.6.3. EV Commercial Vehicles 10.7. North America Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Geography 10.7.1. USA 10.7.1.1. California 10.7.1.2. Texas 10.7.1.3. Florida 10.7.1.4. Pennsylvania 10.7.1.5. Illinois 10.7.1.6. North Carolina 10.7.1.7. Rest of the U.S. 10.7.2. Canada 10.7.3. Rest of North America 11. EUROPE FIRE PROTECTION MATERIALS FOR EV BATTERIES MARKET ANALYSIS 11.1. Overview 11.2. Europe Fire Protection Materials for EV Batteries Historical Market size ($MILLION), Sales Volume, (2017 – 2021) 11.3. Europe Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027) 11.4. Europe Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Battery Capacity 11.4.1. Below 30 kWh 11.4.2. 40 kWh to 100 kWh 11.4.3. 110 kWh to 200 kwh 11.4.4. 210 kwh to 300 kwh 11.5. Europe Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Materials 11.5.1. Aerogels 11.5.2. Encapsulants 11.5.3. Ceramics (and other non-wovens) 11.5.4. Mica 11.5.5. Coatings (intumescent and other) 11.5.6. Encapsulating foams 11.5.7. Compression pads (with fire protection properties) 11.5.8. Phase change materials 11.5.9. Other materials 11.6. Europe Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Application 11.6.1. Two-Wheelers (E-Motorbikes) 11.6.2. EV Passenger Cars 11.6.3. EV Commercial Vehicles 11.7. Europe Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Country 11.7.1. Germany 11.7.2. UK 11.7.3. France 11.7.4. Spain 11.7.5. Italy 11.7.6. Benelux 11.7.7. Rest of Europe 12. ASIA PACIFIC FIRE PROTECTION MATERIALS FOR EV BATTERIES MARKET ANALYSIS 12.1. Overview 12.2. Asia Pacific Fire Protection Materials for EV Batteries Historical Market size ($MILLION), Sales Volume, (2017 – 2021) 12.3. Asia Pacific Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027) 12.4. Asia Pacific Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Battery Capacity 12.4.1. Below 30 kWh 12.4.2. 40 kWh to 100 kWh 12.4.3. 110 kWh to 200 kwh 12.4.4. 210 kwh to 300 kwh 12.5. Asia Pacific Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Materials 12.5.1. Aerogels 12.5.2. Encapsulants 12.5.3. Ceramics (and other non-wovens) 12.5.4. Mica 12.5.5. Coatings (intumescent and other) 12.5.6. Encapsulating foams 12.5.7. Compression pads (with fire protection properties) 12.5.8. Phase change materials 12.5.9. Other materials 12.6. Asia Pacific Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Application 12.6.1. Two-Wheelers (E-Motorbikes) 12.6.2. EV Passenger Cars 12.6.3. EV Commercial Vehicles 12.7. Asia Pacific Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Country 12.7.1. China 12.7.2. Japan 12.7.3. Korea 12.7.4. India 12.7.5. Australia 12.7.6. Rest of APAC 13. REST OF THE WORLD FIRE PROTECTION MATERIALS FOR EV BATTERIES MARKET ANALYSIS 13.1. Overview 13.2. Rest of the World Fire Protection Materials for EV Batteries Market Historical Market size ($MILLION), Sales Volume, (2017 – 2021) 13.3. Rest of the World Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027) 13.4. Rest of the World Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Battery Capacity 13.4.1. Below 30 kWh 13.4.2. 40 kWh to 100 kWh 13.4.3. 110 kWh to 200 kwh 13.4.4. 210 kwh to 300 kwh 13.5. Rest of the World Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Materials 13.5.1. Aerogels 13.5.2. Encapsulants 13.5.3. Ceramics (and other non-wovens) 13.5.4. Mica 13.5.5. Coatings (intumescent and other) 13.5.6. Encapsulating foams 13.5.7. Compression pads (with fire protection properties) 13.5.8. Phase change materials 13.5.9. Other materials 13.6. Rest of the World Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Application 13.6.1. Two-Wheelers (E-Motorbikes) 13.6.2. EV Passenger Cars 13.6.3. EV Commercial Vehicles 13.7. Rest of the World Fire Protection Materials for EV Batteries Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Country 13.7.1. Latin America 13.7.2. Middle East 13.7.3. Africa 14. COMPANY PROFILES 14.1. GRACO INC. 14.1.1. Company Overview 14.1.2. Company Snapshot 14.1.3. Operating business segments 14.1.4. Product offered and Revenue from Fire Protection Materials for EV Batteries Business 14.1.5. Key business performances, strategies and developments 14.2. ALKEGEN 14.2.1. Company Overview 14.2.2. Company Snapshot 14.2.3. Operating business segments 14.2.4. Product offered and Revenue from Fire Protection Materials for EV Batteries Business 14.2.5. Key business performances, strategies and developments 14.3. H.B. FULLER 14.3.1. Company Overview 14.3.2. Company Snapshot 14.3.3. Operating business segments 14.3.4. Product offered and Revenue from Fire Protection Materials for EV Batteries Business 14.3.5. Key business performances, strategies and developments 14.4. HENKEL 14.4.1. Company Overview 14.4.2. Company Snapshot 14.4.3. Operating business segments 14.4.4. Product offered and Revenue from Fire Protection Materials for EV Batteries Business 14.4.5. Key business performances, strategies and developments 14.5. PPG INDUSTRIES 14.5.1. Company Overview 14.5.2. Company Snapshot 14.5.3. Operating business segments 14.5.4. Product offered and Revenue from Fire Protection Materials for EV Batteries Business 14.5.5. Key business performances, strategies and developments 14.6. SAINT-GOBAIN 14.6.1. Company Overview 14.6.2. Company Snapshot 14.6.3. Operating business segments 14.6.4. Product offered and Revenue from Fire Protection Materials for EV Batteries Business 14.6.5. Key business performances, strategies and developments 14.7. SIKA 14.7.1. Company Overview 14.7.2. Company Snapshot 14.7.3. Operating business segments 14.7.4. Product offered and Revenue from Fire Protection Materials for EV Batteries Business 14.7.5. Key business performances, strategies and developments 14.8. ASPEN AEROGELS 14.8.1. Company Overview 14.8.2. Company Snapshot 14.8.3. Operating business segments 14.8.4. Product offered and Revenue from Fire Protection Materials for EV Batteries Business 14.8.5. Key business performances, strategies and developments 14.9. MORGAN ADVANCED MATERIALS 14.9.1. Company Overview 14.9.2. Company Snapshot 14.9.3. Operating business segments 14.9.4. Product offered and Revenue from Fire Protection Materials for EV Batteries Business 14.9.5. Key business performances, strategies and developments 14.10. JIOS AEROGEL 14.10.1. Company Overview 14.10.2. Company Snapshot 14.10.3. Operating business segments 14.10.4. Product offered and Revenue from Fire Protection Materials for EV Batteries Business 14.10.5. Key business performances, strategies and developments 14.11. PARKER LORD 14.11.1. Company Overview 14.11.2. Company Snapshot 14.11.3. Operating business segments 14.11.4. Product offered and Revenue from Fire Protection Materials for EV Batteries Business 14.11.5. Key business performances, strategies and developments 14.12. ELANTAS 14.12.1. Company Overview 14.12.2. Company Snapshot 14.12.3. Operating business segments 14.12.4. Product offered and Revenue from Fire Protection Materials for EV Batteries Business 14.12.5. Key business performances, strategies and developments 14.13. HUNTSMAN 14.13.1. Company Overview 14.13.2. Company Snapshot 14.13.3. Operating business segments 14.13.4. Product offered and Revenue from Fire Protection Materials for EV Batteries Business 14.13.5. Key business performances, strategies and developments 14.14. VON ROLL 14.14.1. Company Overview 14.14.2. Company Snapshot 14.14.3. Operating business segments 14.14.4. Product offered and Revenue from Fire Protection Materials for EV Batteries Business 14.14.5. Key business performances, strategies and developments 14.15. Other Market Players LIST OF TABLES 1. TABLE: MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 2. TABLE: MARKET FOR BELOW 30 KWH, BY REGION, 2022-2027 (USD MILLION) 3. TABLE: MARKET FOR 40 KWH TO 100 KWH, BY REGION, 2022-2027 (USD MILLION) 4. TABLE: MARKET FOR 110 KWH TO 200 KWH, BY REGION, 2022-2027 (USD MILLION) 5. TABLE: MARKET FOR 210 KWH TO 300 KWH, BY REGION, 2022-2027 (USD MILLION) 6. TABLE: MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 7. TABLE: MARKET FOR AEROGELS, BY REGION, 2022-2027 (USD MILLION) 8. TABLE: MARKET FOR ENCAPSULANTS, BY REGION, 2022-2027 (USD MILLION) 9. TABLE: MARKET FOR CERAMICS (AND OTHER NON-WOVENS), BY REGION, 2022-2027 (USD MILLION) 10. TABLE: MARKET FOR MICA, BY REGION, 2022-2027 (USD MILLION) 11. TABLE: MARKET FOR COATINGS (INTUMESCENT AND OTHER), BY REGION, 2022-2027 (USD MILLION) 12. TABLE: MARKET FOR ENCAPSULATING FOAMS, BY REGION, 2022-2027 (USD MILLION) 13. TABLE: MARKET FOR COMPRESSION PADS (WITH FIRE PROTECTION PROPERTIES), BY REGION, 2022-2027 (USD MILLION) 14. TABLE: MARKET FOR PHASE CHANGE MATERIALS, BY REGION, 2022-2027 (USD MILLION) 15. TABLE: MARKET FOR OTHER MATERIALS, BY REGION, 2022-2027 (USD MILLION) 16. TABLE: MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 17. TABLE: MARKET FOR TWO-WHEELERS (E-MOTORBIKES), BY REGION, 2022-2027 (USD MILLION) 18. TABLE: MARKET FOR EV PASSENGER CARS, BY REGION, 2022-2027 (USD MILLION) 19. TABLE: MARKET FOR EV COMMERCIAL VEHICLES, BY REGION, 2022-2027 (USD MILLION) 20. TABLE: MARKET, BY REGION, 2022-2027 (USD MILLION) 21. TABLE: NORTH AMERICA MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 22. TABLE: NORTH AMERICA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 23. TABLE: NORTH AMERICA MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 24. TABLE: NORTH AMERICA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 25. TABLE: USA MARKET BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 26. TABLE: USA MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 27. TABLE: USA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 28. TABLE: CALIFORNIA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 29. TABLE: CALIFORNIA MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 30. TABLE: CALIFORNIA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 31. TABLE: TEXAS MARKET BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 32. TABLE: TEXAS MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 33. TABLE: TEXAS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 34. TABLE: FLORIDA MARKET BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 35. TABLE: FLORIDA MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 36. TABLE: FLORIDA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 37. TABLE: CANADA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 38. TABLE: CANADA MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 39. TABLE: CANADA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 40. TABLE: MEXICO MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 41. TABLE: MEXICO MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 42. TABLE: MEXICO MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 43. TABLE: REST OF NORTH AMERICA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 44. TABLE: REST OF NORTH AMERICA MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 45. TABLE: REST OF NORTH AMERICA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 46. TABLE: EUROPE MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 47. TABLE: EUROPE MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 48. TABLE: EUROPE MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 49. TABLE: EUROPE MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 50. TABLE: GERMANY MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 51. TABLE: GERMANY MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 52. TABLE: GERMANY MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 53. TABLE: FRANCE MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 54. TABLE: FRANCE MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 55. TABLE: FRANCE MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 56. TABLE: UK MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 57. TABLE: UK MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 58. TABLE: UK MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 59. TABLE: ITALY MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 60. TABLE: ITALY MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 61. TABLE: ITALY MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 62. TABLE: SPAIN MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 63. TABLE: SPAIN MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 64. TABLE: SPAIN MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 65. TABLE: REST OF EUROPE MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 66. TABLE: REST OF EUROPE MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 67. TABLE: REST OF EUROPE MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 68. TABLE: ASIA PACIFIC MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 69. TABLE: ASIA PACIFIC MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 70. TABLE: ASIA PACIFIC MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 71. TABLE: CHINA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 72. TABLE: CHINA MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 73. TABLE: CHINA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 74. TABLE: INDIA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 75. TABLE: INDIA MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 76. TABLE: INDIA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 77. TABLE: JAPAN MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 78. TABLE: JAPAN MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 79. TABLE: JAPAN MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 80. TABLE: KOREA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 81. TABLE: KOREA MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 82. TABLE: KOREA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 83. TABLE: AUSTRALIA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 84. TABLE: AUSTRALIA MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 85. TABLE: AUSTRALIA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 86. TABLE: REST OF ASIA PACIFIC MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 87. TABLE: REST OF ASIA PACIFIC MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 88. TABLE: REST OF ASIA PACIFIC MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 89. TABLE: REST OF THE WORLD MARKET, BY BATTERY CAPACITY, 2022-2027 (USD MILLION) 90. TABLE: REST OF THE WORLD MARKET, BY MATERIALS, 2022-2027 (USD MILLION) 91. TABLE: REST OF THE WORLD MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 92. TABLE: GRACO INC.: COMPANY SNAPSHOT 93. TABLE: GRACO INC.: OPERATING SEGMENTS 94. TABLE: ALKEGEN: COMPANY SNAPSHOT 95. TABLE: ALKEGEN: OPERATING SEGMENTS 96. TABLE: H.B. FULLER: COMPANY SNAPSHOT 97. TABLE: H.B. FULLER: OPERATING SEGMENTS 98. TABLE: HENKEL: COMPANY SNAPSHOT 99. TABLE: HENKEL: OPERATING SEGMENTS 100. TABLE: PPG INDUSTRIES: COMPANY SNAPSHOT 101. TABLE: PPG INDUSTRIES: OPERATING SEGMENTS 102. TABLE: SAINT-GOBAIN: COMPANY SNAPSHOT 103. TABLE: SAINT-GOBAIN: OPERATING SEGMENTS 104. TABLE: SIKA: COMPANY SNAPSHOT 105. TABLE: SIKA: OPERATING SEGMENTS 106. TABLE: ASPEN AEROGELS: COMPANY SNAPSHOT 107. TABLE: ASPEN AEROGELS: OPERATING SEGMENTS 108. TABLE: MORGAN ADVANCED MATERIALS: COMPANY SNAPSHOT 109. TABLE: MORGAN ADVANCED MATERIALS: OPERATING SEGMENTS 110. TABLE: JIOS AEROGEL: COMPANY SNAPSHOT 111. TABLE: JIOS AEROGEL: OPERATING SEGMENTS LIST OF FIGURES 1. Figure: Market: Research Methodology Steps 2. Figure: Research Design 3. Figure: Breakdown of Primaries: Market 4. Figure: Research Methodology: Hypothesis Building 5. Figure: Market: Product and Service-Based Estimation 6. Figure: Top 10 Companies with Highest No. Of Patent in Last 9 Years 7. Figure: Growth Strategies Adopted By the Key Players 8. Figure: Top 10 Companies with Highest No. Of Patent in Last 9 Years 9. Figure: Growth Strategies Adopted By the Key Players 10. Figure: No. of Patents Granted Per Year, 2022–2027 11. Figure: Data Triangulation Methodology 12. Figure: Dominating Market Share, By Battery Capacity, 2022 vs. 2027 (USD MILLION) 13. Figure: Dominating Market Share, By Materials, 2022 vs. 2027 (USD MILLION) 14. Figure: Dominating Market Share, By Application, 2022 vs. 2027 (USD MILLION) 15. Figure: Geographical Snapshot of the Market 16. Figure: Encapsulants held the largest share in the Market for Materials Segment during the Forecast Period. 17. Figure: APAC Accounted for the Largest Share of the Market, By Regional Basis, in 2022 18. Figure: Market: Drivers, Restraints, Opportunities, and Challenges 19. Figure: North America: Market Snapshot 20. Figure: Asia Pacific: Market Snapshot 21. Figure: Europe: Market Snapshot 22. Figure: Rest of the World: Market Snapshot 23. Figure: Vendor Dive: Evaluation Overview 24. Figure: Global Fire Protection Materials for EV Batteries: Competitive Benchmarking 25. Figure: Alkegen: Financial Overview (2022-2027) 26. Figure: H.B. Fuller: Financial Overview (2022-2027) 27. Figure: Henkel: Financial Overview (2022-2027) 28. Figure: Graco Inc.. Financial Overview (2022-2027) 29. Figure: PPG INDUSTRIES: Financial Overview (2022-2027) 30. Figure: Saint-Gobain: Financial Overview (2022-2027) 31. Figure: Sika: Financial Overview (2022-2027) 32. Figure: Aspen Aerogels: Financial Overview (2022-2027) 33. Figure: Morgan Advanced Materials: Financial Overview (2022-2027) 34. Figure: JIOS Aerogel: Financial Overview (2022-2027)