Battery Separator Market Research Report Global Forecast 2030

Battery Separator Market: Information by Material (Polyethylene, Polypropylene, Ceramic), Battery Type (Li-ion, Lead Acid, Nickel-Cadmium, Nickel -Metal Hydride), End-Use Industry (Automotive, Consumer Electronics), and Region—Forecast till 2030

ID: MRFR/CnM/6362-HCR | February 2021 | Region: Global | 190 pages

Battery Separator Market

Battery Separator Market is expected to surpass the market value of over USD 10.40 billion by the year 2028 while registering a CAGR of 12.67%.

Segmentation

By Material Polyethylene Polypropylene Ceramic
By Battery Type Li-ion Lead Acid Nickel-Cadmium Nickel -Metal Hydride
By End-Use Industry Automotive Consumer Electronics

Key Players

  • Asahi Kasei Corp.
  • Dreamweaver International Inc.
  • Microporous LLC
  • SK Innovation Co. Ltd.
  • Sumitomo Chemical Co. Ltd.
  • Toray Industries Inc.

Drivers

  • costs of lithium-ion batteries are witnessing a price drop in recent times
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Battery Separator Market overview:


 


Battery Separator Market is expected to surpass the market value of over USD 10.40 billion by the year 2028 while registering a CAGR of 12.67%.


A battery separator is a permeable membrane that is embedded between the cathode and anode parts of a battery. The battery separators are extremely important as they significantly affect the battery performance, safety, and power densities of the battery separators. The separators help to prevent the cathodes and anodes from getting mixed up in their functions and also act as a catalyst. With the increasing demand for batteries, battery separators are also gaining demand in the industry. The free flow of ions between the cathode and anode is important, which is possible because of these battery separators. Energy consumption across the globe has been increasing with the rapid rise in population. Also, the demand for electric vehicles is increasing in developed countries. Such factors are considered as the major drivers of battery separator market growth. 


 


With the rapid advancement in the battery separator design and material, the manufacturers can produce efficient batteries with the equipped battery separators. Such advancements and the increasing investment in the industry are also stimulating the overall growth of the battery separator industry.


 


COVID 19 Analysis:


 


The prolonged lockdown due to the pandemic has created a huge impact on several industrial verticals. The logistics, supply chain disruption, declining demand for the oil and gas industries, manufacturing, electronics, and other potential end-user industries are some of the major issues that have negatively impacted the overall growth of the battery separator industry. Also, the raw materials have not reached the manufacturing facilities and the finished products have not been delivered to the potential customers due to logistics issues. Such factors have affected the battery separator market growth during the pandemic.


 


 Market dynamics:


 


  Market drivers:


 


The costs of lithium-ion batteries are witnessing a price drop in recent times, which has declined by about 85% in the past decade. This has significantly increased the adoption of lithium-ion batteries across industrial verticals and commercial spaces. Also, this has encouraged the cost-effective manufacturing methods and automotive industries significantly. Therefore the decline in the lithium-ion price is driving the overall growth of battery separators in recent years.


 


The increasing advancements made in the innovation and technological aspect of the battery materials, concerning improvement in their energy storage systems and other factors are also driving the battery separator market growth.


 


 Market opportunities:


 


The soaring demand for the manufacturing of consumer electronic gadgets in developed countries is expected to boost the overall growth of the battery separator industry. Also, developing countries such as Australia, India, and Vietnam are setting up plants and manufacturing facilities for li-ion batteries. Such developments are also expected to boost the overall growth of the battery separator industry during the forecast period.


 


The energy consumption of the developing regions is higher and the demand for lithium-ion batteries is higher as they can be integrated with the energy storage solutions. Since the conventional systems require non-renewable fuels, the demand for lithium-ion batteries is rapidly increasing, which has encouraged the li-ion battery separator manufacturers and is expected to boost the overall growth of the battery separator industry during the forecast period. 


 


Market restraints:


 


The mismatch of the demand and supply in the battery separator industry, concerning the raw materials and the transportation issues, are considered as the major restraints of battery separator market growth.


 


The manufacturers are facing some issues such as maintaining consistency in the quality of the materials used in the battery separators. Also, maintaining the low heat resistance of the separators is difficult. Such factors are considered as the major restraints of battery separator market growth.


 


 Market challenges:


 


The safety issues related to the batteries and the improper disposal could lead to environmental impacts that are considered as the major challenges for battery separator market growth. The batteries corrode as they are made of chemicals and they contaminate the groundwater and might also lead to highly dangerous landfill fires. Such negative impacts might contribute to global warming in due time. 


 


They are not cost-effective if they are larger. The efficiency of the batteries and the capacity for them to store energy is also considered as the major challenge for the overall growth of the battery separator industry.


 


 Cumulative growth analysis:


 


The market value of battery separator was at USD 3.98 billion in the year 2020 and it is expected to surpass the market value of over USD 10.40 billion by the year 2028 while registering a CAGR of 12.67%. Therefore the battery separator market value is highly influenced by the increasing demand for electronic gadgets. Similarly, the demand for electric vehicles is also increasing in developed countries as they are inclined towards creating opportunities in energy conservation. The governmental support for the growth of energy conservation and carbon-free solutions is gaining momentum in the countries like Europe. Therefore electric vehicles are rapidly gaining demand in developing countries as well. Such factors are considered as the major drivers of battery separator market growth.


 


On the other hand, the rapid development and research performed in the battery separator industry continuously bring in novel inventions and varied materials as the battery separators. The potential end-user industries are also showcasing higher demand for the characteristics such as consistency, security, and efficient performance. Such factors are considered as the key drivers of battery separators' market growth. 


 


Value chain analysis:


 


The increasing investment in the automotive industry and the environmental stability offered by the battery-operated vehicles are rapidly promoting the growth of the battery separator industry. The advent new of materials for the battery separators in the industry is also impacting the overall growth of the battery separator industry. Additionally, the increasing demand for batteries with improved security, performance, and consistency by the potential end-users is also impacting the overall growth of the battery separator industry.


 


However, the batteries include several safety issues, such as an explosion. On the other hand, the environmental concerns associated with batteries can cause health-related issues such as burns and skin irritation, when exposed to skin or disposed of improperly. Such factors are restricting the overall growth of the battery separator industry. 


 


Segment overview:


 


Based on Material Type:


 



  • Polyethylene

  • Polypropylene

  • Others


 


Based on End-Use Industry:


 



  • Transportation

  • Consumer Electronics

  • Industrial

  • Others 


 


Based on Battery Type:


 



  • Lead Acid 

  • Li-ion


 


Based on Technology Type:


 



  • Dry Separator

  • Wet Separator


 


Global Battery Separator Market Share, by Battery Type (2018) Global Battery Separator Market Share, by Battery Type (2018) Source: MRFR Analysis


Regional analysis:


 


The Asia-pacific region and European countries are expected to hold a larger market share for the battery separator industry, as there are several automotive industries across these regions. Also, the increasing demand for consumer electronics across the Asia-pacific region is propelling the battery separators market growth. 


 


National Investment Promotion and Facilitation Agency has reported that India holds one of the largest electronics market players, and is expected to hold over USD 400 billion by the year 2025. Similarly, China is expected to witness higher growth in the battery separator industry as they possess larger electronic vehicle manufacturing companies across the region. 


 


On the other hand, Europe is expected to witness growth with a CAGR of 20% by the year 2027. The stringent regulations by the government in promoting electric vehicles across the region are considered as the major driver of battery separator market growth. Similarly, European countries are showcasing higher demand for consumer electronics due to the changing attitude of the consumers. Such factors are presenting a favorable environment for the overall growth of the battery separator industry.


 


 Competitive landscape:


 



  • Asahi Kasei Corp.

  • Dreamweaver International Inc.

  • Microporous LLC

  • SK Innovation Co. Ltd.

  • Sumitomo Chemical Co. Ltd.

  • Toray Industries Inc.


 


 Recent developments:

January 2022 - Entek Manufacturing, the reputed lead & lithium-ion battery separator vendor, acquires Adaptive Engineering & Fabrication, the material handling equipment developer. This acquisition is expected to enable the rebranded firm– known as Entek Adaptive— to emerge as the latest product line for all the material handling businesses. Adaptive will be responsible for development, installation, and sales of material handling equipment backed by Entek’s project management and engineering teams.



November 2021 - Toray Industries, the affluent chemical firm from Japan and LG Chem based in South Korea are joining hands to form a new venture aimed at battery separator films in Hungary. The battery separator films used in electric car batteries will be bought by LG Group in the US and Europe. This new firm will be known as LG Toray Hungary Battery Separator (LTHS), and will be situated in Nyergesújfalu, Hungary, with half of the share owned by both the parties.


The research was carried out in recent years by the University of Texas, which has developed a cobalt-free Li-ion battery that has been developed with a higher level of nickel which is about 89%, which has enabled the battery to increase the processes of charge and discharge effectively. Similarly, lithium-based solid-state batteries were developed as they are capable of holding more energy and can be charged within a fraction of time. 


 


In the year 2021, one of the leading market players, Asahi Kasei has announced their increase in production capacity. They have been proactively focusing on their expansion of the LIB separator business with the wet and dry processes manufacturing plants.


 


Report overview:


 


 This report has covered:



  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments


 


Segmentation Table:


 


Based on Material Type:


 



  • Polyethylene

  • Polypropylene

  • Others


 


Based on End-Use Industry:


 



  • Transportation

  • Consumer Electronics

  • Industrial

  • Others 


 


Based on Battery Type:


 



  • Lead Acid 

  • Li-ion


 


Based on Technology Type:


 



  • Dry Separator

  • Wet Separator



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2022: USD 608 million
  • 2030: Significant Value
  •   CAGR   6.14 (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Material, Battery type, Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Toray Industries, Inc (Japan), Sumitomo Chemical Co., Ltd (Japan), Asahi Kasei Corporation (Japan), SK Innovation Co., Ltd (South Korea), Freudenberg Performance Materials (US), Entek (US), Dreamweaver International (US), W-Scope Corporation (Japan), Ube Industries, Ltd (Japan), Bernard Dumas (France), DowDuPont (US), Mitsubishi Chemical Corporation (Japan), Eaton (Ireland), Teijin Limited (Japan), and Cangzhou Mingzhu Plastic Co., Ltd (China)
      Key Market Opportunities   Technological advancements in lithium-ion batteries have increased the demand for batteries
      Key Market Drivers   The increasing demand for electric vehicles across the globe due to environmental concerns is propelling the batteries market,


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    Frequently Asked Questions (FAQ) :

    The valuation of the global battery separator market had reached to USD 608 MN in 2018.

    Battery Separator Market is expected to register 6.14% CAGR during the assessment period (2017-2024)

    Based on battery type, the lithium-ion segment and based on the applications, the consumer electronics segment account for the major shares in the global battery separator market.

    Asia Pacific holds the largest share in the global battery separator market, followed by North America and Europe, respectively.

    Sumitomo Chemical Co., Ltd (Japan), Toray Industries, Inc. (Japan), Asahi Kasei Corporation (Japan), Freudenberg Performance Materials (US), SK Innovation Co., Ltd (South Korea), Entek (US), W-Scope Corporation (Japan), Dreamweaver International (US), Ube Industries, Ltd (Japan), DowDuPont (US), Bernard Dumas (France), Mitsubishi Chemical Corporation (Japan), Teijin Limited (Japan), Eaton (Ireland), and Cangzhou Mingzhu Plastic Co., Ltd (China), are some of the major players operating in the battery separator market.

    The market value of battery separator was at USD 3.98 billion in the year 2020 and it is expected to surpass the market value of over USD 10.40 billion by the year 2028 while registering a CAGR of 12.67%.