Absorbed Glass Mat (AGM) & Pasting Paper Market Size, Strategic Analysis, Growth Drivers, Industry Trends, Demand and Future Opportunities and Forecast Period

 

The Absorbed Glass Mat (AGM) & Pasting Paper Market is expected to reach a valuation of USD 9 billion in 2030, with a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030. The market was valued at roughly USD 6 billion in 2022. Reliable, maintenance-free power storage with exceptional durability and versatility is provided by Absorbed Glass Mat (AGM) and Pasting Paper. The former guarantees effective electrolyte absorption and guards against short circuits. The market is developing and sustainable since it is aligned with other industries like the automobile and telecommunications sectors.

Lead-acid batteries built with a highly absorbent glass mat separator in between the battery plates are known as Absorbed Glass Mat (AGM) batteries. The electrolyte (acid), unlike in conventional flooded lead-acid batteries, can be absorbed into the glass mat thanks to this design.

 

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GROWTH DRIVERS

The automobile industry is experiencing a surge in demand for AGM batteries due to the growing adoption of advanced car electronics and start-stop systems. When a vehicle is equipped with a start-stop system, AGM batteries supply the energy needed to restart the engine fast and effectively, resulting in decreased emissions and increased fuel efficiency. AGM batteries self-discharge at a slower rate than flooded batteries, claims Power Sonic. When not in use, they can hold their charge for extended periods of time, which might be useful for applications with irregular or seasonal use.

Furthermore, they are extremely resistant to shocks and vibrations thanks to the glass mat separator. In renewable energy systems, like solar and wind power plants, AGM batteries are essential because they store energy produced during peak production periods for use at a later time. Global renewable energy capacity hit a record 3,870 gigawatts (GW) in 2023, according to the Renewable Capacity Statistics 2024 report published by the International Renewable Energy Agency (IRENA) in March of that year. The increase in capacity additions was 86%.

MARKET SEGMENTATION:

·         By Product Type – deep cycle AGM batteries, Standby/starting AGM batteries

·         By Material Type – cellulose pasting papers, fiberglass pasting papers and others

·         By Battery Application – Flooded lead-acid batteries, valve-regulated lead-acid (VRLA) batteries and others

·         By Distribution Channel – OEMs (original equipment manufacturers) and aftermarket

·         By Application- Automotive, telecommunication, UPS and others

·         By Region- North America, Europe, Asia Pacific, The Middle East and Africa, South America

Global Key Players:

·         CLARIOS

·         ENTEK

·         Hollingsworth

·         Hokuetsu Corporation

·         Kukil Paper Mfg. Co., Ltd.

·         B&F Technology Limited

·         Shandong Renfeng Special Materials Co., Ltd.

·         GS Yuasa Corporation

·         Daramic, LLC

·         Terranova Papers

·         Joohang Tech Inc.

·         Glatfelter

·         Converted Products, Inc.

·         Ahlstrom Oyj

·         Twin Rivers paper company

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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