Battery Separators Market Growth Analysis | 2023-2028

Market Insights

The battery separators market was estimated at USD 9.46 billion in 2022 and is likely to grow at an impressive CAGR of 15.68% during 2023-2028 to reach USD 22.83 billion by 2028.

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What is a battery separator?

A battery separator is a polymeric membrane placed between the positively charged anode and negatively charged cathode to prevent any electrical short circuits inside the battery by keeping the electrodes separated while also facilitating the movement of ionic charge carriers necessary to complete the circuit during current flow in an electrochemical cell. Battery separators are commonly composed of materials like polyethylene, polypropylene, or ceramics that possess high ion permeability. These materials are chosen for their chemical stability, mechanical robustness, and ability to endure the challenging conditions within batteries, including exposure to electrolytes and high temperatures.

Market Dynamics

The surge in demand for battery separators in the automotive and consumer electronics industries will significantly contribute to the market growth during the forecast period. Further, the growth of the market is bolstered by the growing demand for smartphones, EVs, and other electrical devices, along with various improvements in the field of lithium-ion batteries.

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Key Players

Some of the key players in the market are-

• Asahi Kesai
• Celgard
• Toray Industries, Inc.
• UBE
• Sumitomo
• SK Innovation
• Freudenberg
• Entek International
• W-Scope Industries
• Bernard Dumas.

Segment Analysis

By Product Type

The market is segmented into polypropylene, polyethylene, ceramic, nylon, and others.  In terms of volume, polyethylene (PE) separators enjoyed a market share of more than 40% in 2022, and are expected to grow at a CAGR of more than 15% over the forecast period. The growth of the segment can be attributed to its properties such as its ability to shut off the battery if the core temperature exceeds 130°C, preventing short circuits and thermal runaway. Also, in the consumer electronics and automotive industries, polypropylene is one of the most commonly used polyolefin battery separators.

By Battery Type

The market is segmented into lithium-ion, lead acid, and others. The lithium-ion battery is expected to remain the dominating segment during the assessment period. Lithium-ion batteries are one of the most energy-efficient batteries in the market and they are used extensively in automotive and consumer devices. The need for lithium-ion batteries is expected to rise as the number of electric vehicles on the road increase around the world. The demand is expected to skyrocket, boosting the overall market during the forecast period.

By End-User Type

The market is segmented into automotive, consumer electronics, industrial, power storage, and others. The automotive industry segment dominated the market in 2022 and is expected to maintain its dominance during the assessment period, growing at a CAGR of over 16.5 percent among the major end-user sectors in the global market. The growing demand for lithium-ion batteries in the automotive industry, combined with the penetration of electronic vehicles, is estimated to generate substantial revenue in the overall battery segment.

Regional Insights

Asia-Pacific is estimated to be the larger market for battery separators, followed by Europe during the assessment period. The presence of a large automotive industry in the region, combined with the increasing penetration of consumer electronics, will support the growth of the market in the Asia-Pacific region.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The battery separators market is segmented into the following categories.

By Product Type

• Polypropylene
• Polyethylene
• Ceramic
• Nylon
• Others

By BatteryType

• Lithium-ion
• Lead Acid
• Others

By End-User Type

• Automotive
• Consumer Electronics
• Industrial
• Power Storage
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Segmentation

• Current market segmentation by any one of the product types by end-user type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.