Report Code: TIPRE00005066 | No. of Pages: 150 | Category: Chemicals and Materials | Status: Prebook
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.
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.
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.
|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|
|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|
|Free Sample Copy Available|
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.
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:
Get more information on this report :
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.
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.
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.
The List of Companies
1. Asahi Kasei
2. Bernard Dumas
3. Dreamweaver International
4. Entek International
5. Freudenberg Group
6. SK Innovation Company
7. Sumitomo Chemical
8. Toray Industry
9. Ube Industries
10. W-Scope Industries