The latest research study “Lithium-Ion Battery Separator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global lithium-Ion battery Separator market size reached US$ 5.67 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.32 Billion by 2027 exhibiting a CAGR of 11.70% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
Lithium-ion battery separator refers to thin and porous membranes that physically separate the anode and cathode to stop electrical short circuits. In terms of the material type, they can be segmented into polypropylene (PP), polyethylene (PE), and nylon categories.
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These lithium-ion battery separator variants have excellent mechanical properties, efficient chemical stability, and are extremely cost-effective. They focus on offering a barrier between two electrodes while enabling ion transport in the cell. Consequently, lithium-ion battery separator membranes find extensive utilization across various sectors, such as automotive, industrial, consumer electronics, etc.
Lithium-Ion Battery Separator Market Trends And Drivers:
The growing inclination for electric vehicles (EVs) across the globe to minimize carbon emissions and air pollution is among the key factors driving the lithium-ion battery separator market. In line with this, the implementation of numerous stringent regulations by government bodies aimed at banning the use of internal combustion engine (ICE) vehicles is acting as another significant growth-inducing factor.
In addition to this, the launch of lithium-ion batteries layered with ceramic oxides and polyolefins that are safe, stable, and aid in lowering shrinkage and particle penetration is also positively influencing the market growth. Moreover, the elevating demand for battery-operated smart electronic devices, which include smartphones, laptops, tablets, etc., especially in the developing countries, is further stimulating the market growth.
Besides this, the inflating investments in research and development (R&D) activities and the escalating advancements and improvements in separator designs that help meet the high stability and lifespan performance standards are expected to propel the lithium-ion battery separator market over the forecasted period.
The report has been segmented the market into Materials, Thickness, End User and Geographics categories:
Breakup by Material:
Breakup by Thickness:
Breakup by End User:
Based on the end-use sector, the report finds that the Semiconductor sector dominates the market. There are many ongoing development projects undertaken by various nations, which require a continuous flow of electricity. Owing to this, there is a rising demand for power inverters in this sector.
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
List of Major Key Players:
The major players in the market are Asahi Kasei Corporation, Beijing SOJO Electric Co. Ltd., Cangzhou Mingzhu Plastic Co. Ltd., ENTEK International LLC, Mitsubishi Paper Mills Limited (Oji Paper Co. Ltd.), Shanghai Energy New Materials Technology Co. Ltd., SK Innovation Co. Ltd., Sumitomo Chemical Co. Ltd., Teijin Limited, Toray Industries Inc., UBE Corporation and W-SCOPE Corporation
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