Global Battery Separators Market

Battery Separators Market Size, Share, Growth Analysis, By Battery Type (Lithium-Ion, Lead Acid), By Material Type (Polypropylene (PP), Polyethylene (PE)), By End User (Automotive, Industrial), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20D2164 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 91 | Figures: 76

Battery Separators Market Regional Insights

Asia-Pacific is expected to be the dominant the global battery separators market due to the enormous demand for battery materials in emerging nations such as China and India. The need for battery separators in EV batteries is expected to rise as a result of governments in Europe beginning to provide subsidies for the production of electric vehicles. Recently, this area has developed into a centre for the manufacture of automobiles, creating new paths and chances for the OEM market.

The Electric Vehicles Initiative (EVI), a multi-government initiative in North America, aims to hasten the adoption of electric vehicles. The expansion of the automotive industry in Brazil and Mexico, which is predicted to cause an increase in sales of electric vehicles, is likely to boost the Latin American market. With rising investments in projects for smart, clean, and sustainable development, the Middle East and Africa market is projected to expand significantly in the upcoming years.

Europe is predicted to have profitable growth throughout the forecast period of 2022–2028 because of the region's high demand for consumer electronics and the existence of strict laws. These factors have encouraged the use of electric vehicles in the region.

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Global Battery Separators Market size was valued at USD 4.21 billion in 2022 and is poised to grow from USD 4.88 billion in 2023 to USD 15.76 billion by 2031, growing at a CAGR of 15.8% during the forecast period (2024-2031).

Some of the key players are Ahlstrom-Munksjö, Amer-Sil, Asahi Kasei, B&F Technology, Bernard Dumas, Cangzhou Mingzhu Plastic, Cyg Chinaly New Material, Dowdupont, Dreamweaver International, Eaton, Electrovaya, Entek International, Foshan Jinhui Hi-Tech. 'Asahi Kasei Corporation (Japan) ', 'Toray Industries, Inc. (Japan) ', 'Sumitomo Chemical Co., Ltd. (Japan) ', 'SK Innovation Co., Ltd. (South Korea) ', 'Entek International LLC (USA) ', 'W-SCOPE Corporation (Japan) ', 'Celgard LLC (USA) ', 'UBE Corporation (Japan) ', 'Freudenberg Group (Germany) ', 'Mitsubishi Paper Mills Limited (Japan) ', 'Dreamweaver International (USA) ', 'Teijin Limited (Japan) ', 'Bernard Dumas (France) ', 'Hollingsworth & Vose Company (USA) ', 'Evonik Industries AG (Germany) ', 'Shenzhen Senior Technology Material Co., Ltd. (China) ', 'Foshan Jinhui Hi-Tech Optoelectronic Material Co., Ltd. (China) ', 'Nippon Sheet Glass Co., Ltd. (Japan) ', 'Targray Technology International Inc. (Canada) ', 'Electrovaya Inc. (Canada) '

During the projected period, demand for separators will be driven by rising demand across a number of industries, including consumer electronics and automotive. Additionally, it is predicted that the market share for battery separators will increase due to the increased use of wet separators and micro grids in the automotive sector. Battery separator use will be fuelled by a rise in lithium-ion battery demand brought on by the growing popularity of electronic cars. Accordingly, the rising demand for EVs is a major factor promoting the expansion of the battery separator market. The manufacturers' encouragement to produce battery-powered vehicles due to increased consumer awareness of EVs and HEVs is increasing demand. The market for battery separators is also expanding as a result of the sharp rise in demand for highly effective batteries across a variety of end-use sectors. The growing demand to increase battery security and consistency without compromising performance or cost is another factor driving the market growth.

The Japanese automaker, Toyota, is attempting to retake the lead from the Chinese, who currently dominate Li-ion battery packs, with Shanghai Energy ousting Japan's Asahi Kasei in the battery separator material market and Contemporary Amperex Technology Co. Ltd., a company with its headquarters in Nigde, China, as the world's largest supplier of lithium-ion batteries. This year, Toyota will introduce a prototype of its EV that will be the first to be sold using a solid-state battery.

Asia-Pacific is expected to be the dominant the global battery separators market due to the enormous demand for battery materials in emerging nations such as China and India. The need for battery separators in EV batteries is expected to rise as a result of governments in Europe beginning to provide subsidies for the production of electric vehicles. Recently, this area has developed into a centre for the manufacture of automobiles, creating new paths and chances for the OEM market.

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Global Battery Separators Market

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