Battery Separators Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Battery Separators Market covers analysis by Battery Type (Lithium-Ion Battery, Lead Acid Battery, Alkaline Battery, and Others), Material (Polypropylene, Polyethylene, Polyolefin, and Others), End-Use Industry (Automotive, Consumer Electronics, Industrial, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00005066
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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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 to 2031.

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

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.


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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:

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, about 378,466 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.

World Geography
Strategic Insights

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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.

Battery Separators Market

chemicals-and-materials
Research Criteria
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Battery Type, Material, End-Use Industry, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

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

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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