Absorbed Glass Mat (AGM) & Pasting Paper Market is anticipated to reach USD 15 billion by 2035


 

The Absorbed Glass Mat (AGM) & Pasting Paper Market is expected to grow at a compound annual growth rate (CAGR) of 9.4% from 2025 to 2035, from its estimated USD 8 billion in 2024 to USD 15 billion in 2035. Pasting paper guarantees effective electrolyte absorption and guards against short circuits, while the Absorbed Glass Mat (AGM) is a dependable, maintenance-free power storage device with exceptional durability and adaptability.

Lead-acid batteries known as Absorbed Glass Mat (AGM) batteries are made with a highly absorbent glass mat separator in between the cell plates. Instead of flowing freely as in conventional flooded lead-acid batteries, this design enables the electrolyte (acid) to be absorbed into the glass mat. Because AGM batteries are valve-regulated and require no maintenance, they can be used in a variety of settings, such as backup power systems, solar energy storage, automobiles, and ships.

 

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GROWTH DRIVERS

The demand for AGM batteries in the automotive industry is rising as a result of the growing use of start-stop systems and sophisticated car electronics. AGM batteries give start-stop systems the power they need to swiftly and effectively restart the engine each time the car stops, which helps to save fuel and cut emissions. AGM batteries self-discharge at a slower pace than flooded batteries, claims Power Sonic.

They are also 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 periods of peak output for later use. Global renewable energy capacity hit a record 3,870 gigawatts (GW) in 2023, according to the Renewable Capacity Statistics 2024 published by the International Renewable Energy Agency (IRENA) in March 2024.

The demand for AGM batteries to support effective logistics operations and order fulfillment processes increases with the popularity of online shopping. Furthermore, the need for AGM batteries is driven by the necessity of dependable backup power solutions in vital applications including data centers, medical institutions, and telecommunications networks.

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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