Pune, June 01, 2023 (GLOBE NEWSWIRE) -- A global Energy & Power research and business-consulting firm, Maximize Market Research, has published a market intelligence report on the “Lithium-Ion Battery Separator Market”. The primary and secondary data sources are used for gathering data and domain experts have analyzed the Lithium-Ion Battery Separator Market from a local as well as a global point of view. Over the forecast period, Maximize Market Research expects the market to grow from USD 6.35 Bn in 2022 to USD 15.46 Bn in 2029 at a CAGR of 13.5 percent.
Lithium-Ion Battery Separator Market Report Scope and Research Methodology
| Market Size in 2022 | USD 6.35 Bn. |
| Market Size in 2029 | USD 15.46 Bn. |
| CAGR | 13.5 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 274 |
| No. of Tables | 114 |
| No. of Charts and Figures | 110 |
| Segment Covered | Type, Technology and End-User |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The bottom-up approach was used to estimate the Lithium-ion Battery Separator Market Size by value. The report provides a detailed analysis of the market through segments and their multiple sub-segments. The report provides a competitive landscape in the Lithium-ion Battery Separator Market based on market size, market share, and gross income of the major Lithium-Ion Battery Separator Key Players. It also includes the scope of the market in major geographic regions such as North America, South America, Asia Pacific, the Middle East and Africa, and Europe. The Lithium-Ion Battery Separator Market Data has been collected through primary and secondary research methods. The collected data were later analyzed by SWOT analysis and PORTER’s five-force model, which includes growth hubs, opportunities, regional insights, and market restraints.
Lithium-Ion Battery Separator Market Overview
Lithium-Ion Battery Separators separate the anode and cathode to reduce the chances of short circuits. A separator is a polymer membrane positioned between the anode and cathode of a lithium-Ion Battery and prevents their contact. The growing automotive industry, consumer electronics industry, and electric vehicles are expected to drive the Lithium-Ion Battery Separator Market.
Lithium-Ion Battery Separator Market Dynamics
The growing electric vehicle industry increased the adoption of lithium-ion batteries, which are expected to drive the Lithium-Ion Battery Separator Market. Currently, lithium-ion batteries are widely used in all types of electric vehicles. These batteries sometimes cause short circuits and are expected to damage the vehicle. These factors are expected to increase the demand for battery separators and propel the growth of the Lithium-Ion Battery Separator Market. Advanced battery separators are required to protect lithium-ion batteries from degrading. Also, the Lithium-Ion Battery Separator Market growth is supported by the rising demand for smart gadgets and increased penetration of connected devices across the world. The Asahi Kasei Corporation, Toray Industries Inc. and SK Innovation Co. Ltd. are some of the major Lithium-Ion Battery Separator Key Players. Recently on August 23, 2022, Celgard, LLC (Celgard), a subsidiary of Polypore International, LP and (Polypore) announced its alliance with American Battery Factory (ABF) to develop high-performance battery separators. These factors are expected to grow the Lithium-Ion Battery Separator Market size.
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Lithium-Ion Battery Separator Market Regional Insights
The developing countries of Asia Pacific such as China, India, and Japan are known as hubs for the automotive industry and the major Lithium-Ion Battery Separator Key Manufacturers present in these countries. Due to these factors, Asia Pacific held the largest revenue share of the Lithium-ion Battery Separator Market in 2022 and is expected to grow at a CAGR of 3.8 percent throughout the forecast period.
North America and Europe are expected to grow at the highest CAGR in the Lithium-Ion Battery Separator Market during the forecast period. The growing awareness regarding the adoption of sustainable energy sources in the region and the increased use of electric vehicles and the presence of the biggest manufacturer and promoter of electric vehicles is expected to drive the North America Lithium-Ion Battery Separator Market.
Lithium-Ion Battery Separator Market Segmentation
By Type:
- Microporous
- Ceramic-coated
- Composite
The Microporous separator segment holds the largest revenue share of the Lithium-Ion Battery Separator Market. Microporous separators are suitable for several applications since their characteristics such as high porosity and permeability.
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By Technology:
- Dry Processing
- Wet Processing
The dry processing technology segment has become widely popular due to its advantages such as better stability, higher mechanical strength, and improved thermal stability. Whereas, wet processing involves aqueous solvents and chemical processes in Lithium-Ion Battery Separator Manufacturing.
By End-User:
- Automotive
- Consumer Electronics
- Energy Storage
- Others
The lithium-ion batteries are mostly used in vehicles and automotive devices, hence the automotive segment is expected to hold the largest share of the Lithium-Ion Battery Separator Market by 2029.
Lithium-Ion Battery Separator Key Competitors include:
- Asahi Kasei Corporation
- Toray Industries Inc.
- SK Innovation Co. Ltd.
- UBE Industries Ltd.
- Sumitomo Chemical Co. Ltd.
- W-Scope Corporation
- Entek International LLC
- Freudenberg Group
- Dreamweaver International LLC
- Cangzhou Mingzhu Plastic Co. Ltd.
- Mitsubishi Chemical Corporation
- LG Chem Ltd.
- Shenzhen Senior Technology Material Co. Ltd.
- Foshan Jinhui Hi-tech Optoelectronic Material Co. Ltd.
- Wuxi Qifeng Plastic Co. Ltd.
- Jinhui Hi-tech New Material Co. Ltd.
- Tianjin DG Membrane Tech Co. Ltd.
- Celgard, LLC
- Beijing Frotec Environmental Co. Ltd.
- Xingke New Materials Co. Ltd.
- Tianjin Tianfeng Plastic Machinery Co. Ltd.
- Sinoma Science & Technology Co. Ltd.
- Suzhou GreenPower New Energy Materials Co. Ltd.
- Shenzhen Mingda Technology Co. Ltd.
- Tianjin Kangde Xin Composite Material Co. Ltd.
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Key questions answered in the Lithium-Ion Battery Separator Market are:
- What is the Lithium-Ion Battery Separator?
- What was the Lithium-Ion Battery Separator Market size in 2021?
- What is the expected Lithium-Ion Battery Separator Market size during the forecast period?
- What are the global trends in the Lithium-Ion Battery Separator Market?
- What are the major restraints for the Lithium-Ion Battery Separator Market?
- Which segment dominated the Lithium-Ion Battery Separator Market growth?
- What is the demand pattern for the Lithium-Ion Battery Separator Market?
- What growth strategies are the players considering to increase their presence in the Lithium-Ion Battery Separator Market?
- What are the upcoming industry applications and trends for the Lithium-Ion Battery Separator Market?
- Who are the leading companies and what are their portfolios in the Lithium-Ion Battery Separator Market?
- Which region dominates the largest market share in Lithium-Ion Battery Separator Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application and Industry Vertical
- Market Segmentation – A detailed analysis by Type, Technology and End-User
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Energy & Powers research firm, has also published the following reports:
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include Healthcare, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
