You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

LONDON--(BUSINESS WIRE)--The battery additives market is expected to register a CAGR of over 11% during 2020-2024, as per the latest research report by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios. Request for Technavios market report estimates including pre- and post-COVID-19 impact on battery additives market. Download a Free Sample Report on the impact of COVID-19 pandemic analysis. Due to the extensive spread of the virus across the globe, the Materials Industry is anticipated to have Mixed impact. The battery additives market will showcase Neutral impact during 2020-2024. Battery Additives Market 2020-2024: Segmentation Battery Additives Market is segmented as below: APAC region will account for the highest incremental growth during the forecast period due to the increasing demand for product catalog management by e-commerce merchants, rising demand for service catalogs, and the emergence of analytics in catalog management software. With the surging growth of COVID-19 pandemic, the Materials market is anticipated to have a Direct impact during the forecast period. View market snapshot before purchasing Rising demand for service catalogs has been an instrumental factor in influencing the growth of battery additives market. Other market drivers include rising focus on renewable power generation and increasing government support for EVs. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain. Key Considerations for Market Forecast: Get more insights about the global trends impacting the future of battery additives market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR40339 Battery Additives Market 2020-2024: Vendor Analysis The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater a larger target audience during the pandemic. Major market participants include ALTANA AG, Battery Equaliser USA LLC, Borregaard ASA, Cabot Corp., Hammond Group Inc., Imerys SA, Orion Engineered Carbons SA, PENOX Group GmbH, SGL Carbon SE, and Taiwan Hopax Chemicals Mfg. Co. Ltd. Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Table of Contents: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Application Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Answer: COVID-19 Pandemic Impact on Global Battery Additives Market 2020-2024 | Technavio Declining Price of Li-ion Batteries will drive the market growth during the forecast period