Battery Separators Market Size, Statistics Report 2022, 2028

The battery separators market is expected to grow from US$ 5.6 billion in 2022 and it is estimated to grow at a CAGR of 9.0% between 2022 and 2028.

The battery separator is a type of polymeric membrane placed between the positively charged anode and the negatively charged cathode. This positioning of battery separator helps prevent electrical short circuiting. The performance of different types of batteries is affected by the materials and structures of the separator. There have been intensive efforts in recent years to develop advanced battery separators for rechargeable lithium-ion batteries used in different applications, such as portable electronics, electric vehicles, and energy storage for power grids. The global battery separators market is segmented on the basis of battery type, material, end-use industry, and geography.

MARKET DYNAMICS

The battery separators market is driven by the rising demand for batteries from different application fields. There is a growing demand for batteries for smartphones and other electrical devices, which, in turn, is creating a huge need for battery separators. Electric vehicles are becoming common in the US, Europe, China, India, and Japan. Electric vehicle is a promising option that contributes to energy diversification and meets the objectives of greenhouse gas emission reduction. China, India, the US, and many countries have passed regulations to encourage the adoption of electric vehicles. Electric vehicles are expanding significantly as technological progress in the electrification of two/three-wheelers, buses, and trucks advances and their market grows. The continued electrification of transport creates demand for vast volumes of batteries, which drives the growth of the battery separators market.

MARKET SCOPE

The "Global Battery Separators Market Forecast to 2028" report aims to provide an overview of the battery separators market with detailed market segmentation based on battery type, material, and end-use industry. The report provides key statistics based on the performance of the leading market players. It also offers key trends and opportunities in the battery separators market.

Strategic Insights

Report Coverage - Battery Separators Market

Report Coverage	Details
Market Size Value in	US$ 5.6 Billion in 2022
Market Size Value by	US$ 9.5 Billion by 2028
Growth rate	CAGR of 9.0% from 2022 to 2028
Forecast Period	2022-2028
Base Year	2022
No. of Pages	150
Historical data available	Yes
Segments covered	Battery Type, Material, End-Use Industry, and Geography
Regional scope	North America; Europe; Asia Pacific; Latin America; MEA
Country scope	US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
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MARKET SEGMENTATION

The global battery separators market is segmented on the basis of battery type, material, and end-use industry. Based on battery type, the market is segmented into lithium-ion battery, lead acid battery, alkaline battery, and others.  By material, the market is segmented into polypropylene, polyethylene, polyolefin, and others. Based on end-use industry, the market is segmented into automotive, consumer electronics, industrial, and others.

REGIONAL FRAMEWORK

The global battery separators market is segmented into five major regions—North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The report covers analysis and forecast of 18 countries globally along with trends and opportunities prevailing in the region.

From the regional perspective, the battery separators market in Asia-Pacific is expected to witness fastest growth during the forecast period. China is one of the major markets for electric vehicles. The Indian government is also taking various steps to promote the manufacturing of electric vehicles. Therefore,  the growing demand for batteries for electric vehicles and various other electrical devices drives the battery separators market growth in the region. The strong presence of the consumer electronics industry in China, India, and Japan also fuels the market growth. The below figure shows the revenue growth trend in the battery separators market:

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Source: The Insight Partners Analysis

The report analyzes factors, such as drivers, restraints, opportunities, and future trends, which impacts the battery separators market. The report also provides exhaustive Porter's five forces analysis of the factors influencing the battery separators market in these regions.

IMPACT OF COVID-19 PANDEMIC

Before the COVID-19 pandemic, the battery separators market has been mainly driven by the growing use of battery separators in various end-use industries, such as automotive and consumer electronics. However, the pandemic negatively impacted the growth of the market. The significant decline in the growth of the several industrial sectors reduced the demand for battery separators in the global market. The global market for all types of cars was significantly disrupted due to the pandemic. The COVID-19 pandemic dramatically declined the sales of electric cars and had a negative impact on the global consumer electronics market.

As the economies are reviving their operations, the demand for battery separators is improving. The sales of electric vehicles have increased in 2021, with growth in all three top auto markets China, the US, and Europe. In the US, according to the car registration data from Experian, about378,466 electric vehicles were registered from January to October 2021, which was 94% more than in 2020. Many consumer electronics companies have also started seeing an increase in sales due to growing demand. Therefore, the growing demand for electric vehicles and various electronics devices is expected to drive the demand for battery separators in the coming years.

MARKET PLAYERS

The reports cover key developments in the battery separators market. Various companies are focusing on organic growth strategies, such as product launches, product approvals, patents, and events. Acquisitions, and partnership & collaborations are among the inorganic growth strategic activities witnessed in the market. These activities have paved way for the expansion of business and customer base of market players. The market players from battery separators market are anticipated to experience lucrative growth opportunities in the future due to the rising demand for battery separators.
The report includes the profiles of key battery separators market companies along with their SWOT analysis and market strategies. In addition, it focuses on leading industry players’ information such as company profiles, components and services offered, financial information of last three years, and key development in past five years. Below mentioned is the list of a few companies engaged in the battery separators market.

• TORAY INDUSTRIES, INC. 
• Asahi Kasei Corporation 
• ENTEK
• Sumitomo Chemical
• Dreamweaver International 
• Bernard Dumas  
• UBE Corporation 
• W-SCOPE CORPORATION 
• SK Innovation Co., Ltd. 
• Daramic

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

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