Lithium Ion Battery Separator Market 2019-2027: Credence Research - Industry Size, Trends & Forecast

The global lithium-ion battery separator market is expected to reach US$ 8.11 billion by 2027, growing at a CAGR of 11.3 percent over the 2019-2027 forecast.

According to a new market research study released by Credence Research,' the worldwide market for lithium-ion battery separators is anticipated to achieve US$ 8.11 billion by 2027, increasing to CAGR by 11.3 percent during the 2019-2027 forecast.' Separators form an essential part of lithium-ion batteries. Separators are mostly used to avoid electrical conduction between the anode and the cathode and allow ion conductions through electrolytes. There are two different types of Li-Ion separators, like Wet separator and Dry separator. These separators generally consist of non-woven fiber, polymer films, and ceramic materials. Government standards and policies, efforts to reduce Li-Ion battery costs, increasing amount of off-grid solar power, and increasing electric vehicle adoption (EV) are anticipated to drive the lithium-ion battery separator market globally.

Manufacturers of electric vehicles (EV) are becoming one of the prominent lithium-ion battery customer base. With the increased demand for electric vehicles (EV), the consumption of lithium-ion batteries is anticipated to continue to rise, thus fueling the market demand for lithium-ion battery separators. Rising[ A1] penetration of electronic gadgets such as smartphones, tablets, etc. further drives demand for lithium-ion battery separators worldwide.

Growing demand for lithium-ion batteries has motivated few producers like SK IE Technology to boost their manufacturing ability by extending their manufacturing units in China. This extension project includes growing Lithium-Ion battery separator (LiBS) annual manufacturing capacity from 360 million square meters to 530 million square meters. In the same way, Toray Industries is planning to begin its new LiBS production plant for electric vehicles in Hungary. Increased demand for LiBS and increased participation of producers is anticipated to increase market demand for lithium-ion battery separators.

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Increasing demand in Asia Pacific developing countries such as India and China for smartphones and tablets. This increase in demand leads to an increase in mobile battery consumption leading to global development in the lithium-ion battery separator industry. In the worldwide lithium-ion battery separator industry, Japan maintains the highest share followed by North America. Whereas Western Europe will have significant growth in the coming years. In addition, the Middle East and Africa and Eastern Europe hold the minimum share in the separator industry for lithium-ion batteries.

The market research report on the lithium-ion battery separator presents a comprehensive market evaluation and contains thoughtful insights, facts, historical data, and market data statistically supported and validated by the industry. It also includes predictions using an appropriate set of methodologies and assumptions. The research study offers information and analysis based on categories such as market segments and geographic regions.

The report is a collection across the value chain of first-hand information, qualitative and quantitative evaluation by industry analysts, inputs from industry experts and industry participants. The report offers an in-depth assessment of parent market trends, macroeconomic indicators and governing variables along with segment-specific market attractiveness. The study also maps the qualitative effect on market segments and geographies of multiple market factors.

Report Scope by Segments:

Battery Segment (2017–2027; US$ Bn)
• Lithium-Ion
• Lead Acid
• Others

Material Segment (2017–2027; US$ Bn)
• Polyethylene
• Polypropylene
• Others

End-Use Industry Segment (2017-2027: US$ Bn)
• Consumer Electronics
• Automotive
• Industrial
• Others

Company Profile:
Asahi Kasei Corp.,
Freudenberg Group,
W-SCOPE Corporation,
Targray Technology International Inc.,
Toray Industries, Inc., Ltd.,
Entek International LLC,
Ube Industries, Ltd.,
SK Innovation Co Ltd,
Mitsubishi Electric Corporation,
Sumitomo Chemical Co.

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Release ID: 88923987