Battery Separator Market Research Report Global Forecast 2030

Battery separators Market Research Report: Information By Material (Polyethylene, Polypropylene, Nylon, Ceramic, Polyvinylidene Fluoride, Others), By battery type (Lithium-Ion, Lead Acid, Nickel-Cadmium, Nickel Metal Hydride, Others), by Application (Consumer Electronics, Automotive, Industrial), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) - Forecast Till 2030.

ID: MRFR/CnM/6362-HCR | | Region: Global | 190 Pages         

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Global Battery Separators Market Overview


Battery separators Market Size was valued at USD 2.74 billion in 2021 . The Battery separators market industry is projected to grow from USD 2.84 Billion in 2022 to USD 7.34 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.69 % during the forecast period (2022 - 2030). The growth in demand for batteries for various end-use applications such as consumer electronics, automotive and others might are driving the market growth.


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Battery Separators Market Overview
Battery Separators Market Trends




  • Increasing demand for batteries to boost the market growth




With the rapid advancement in the battery separator design and material, manufacturers can produce efficient batteries with equipped battery separators. Such advancements and the increasing investment in the industry. Furthermore, the consumer electronics sector is, however, the primary consumer of lithium-ion batteries. Moreover, electric vehicle (EVs) sales have increased, and they are also becoming the largest consumers of lithium-ion batteries in recent years. Consequently, the surge in demand for consumer electronics as well as electric vehicles (EVs) will further boost the battery separator market. The increasing use of electronic vehicles will increase demand for lithium-ion batteries, which will drive the use of battery separators. In line with this, the increasing demand for EVs is acting as a key determinant favoring the growth of the battery separator market over forecast period. Moreover, the rapid increase in demand for highly efficient batteries in various end-use industries is positively impacting the growth of the battery separator market.


Figure 1: Large-scale battery storage capacity by region (2010–2019) in U.S
Large-scale battery storage capacity by region (2010–2019)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


The battery storage capacity in the US more than tripled to reach 4.6 GW in 2021 (from 1.4 GW in 2020) and increasingly broadened out of ancillary services, according to the American Energy Information Administration (EIA). The amount of battery storage capacity grew 220%, driven by the commissioning of 106 utility-scale systems with 3.2 GW of capacity. About 78% of all storage capacity added 2021 was built in regional transmission organization (RTO) service territories. Ancillary services such as frequency response and ramping/spinning reserve were the dominant use cases of battery energy storage over the last decade, however, in 2021, batteries were increasingly reported to provide additional services like arbitrage, load management, and response to excess solar and wind generation, reducing power losses from curtailment. Batteries were also paired with solar and wind energy to address intermittent cycles of generation. Over 93% of battery capacity that went online in 2021 was co-located with solar. Thus, the increasing demand in the battery market driving the growth of the Battery separators market revenue.


Battery Separators Market Segment Insights


Battery Separators Material Insights


The Battery separators market segmentation, based on material, Polyethylene, Polypropylene, Nylon, Ceramic, Polyvinylidene Fluoride, Others. The Polyethylene segment held the majority share in 2021 contribution to around ~40-45% in respect to the Battery separators market revenue. This is primarily owing to the rising demand for the manufacturing of consumer electronic gadgets in developed countries. For instance, as per the U.S. Energy Information Administration published in 2019, rising demand for battery storage.


March 2021: Asahi Kasei, a leader in the production of LIB separators, intends to increase the production capacity of Hipore Li-ion battery separators at its plant in Miyazaki, Japan. With wet-process manufacturing plants in Japan (Moriyama, Shiga, and Hyuga, Miyazaki) and dry-process manufacturing plants in the United States, the company has been proactively focusing on expanding its LIB separator business (North Carolina).


January 2022: Entek Manufacturing, a well-known manufacturer of lead and lithium-ion battery separators, has acquired Adaptive Engineering & Fabrication, a manufacturer of material handling equipment. This acquisition will allow the rebranded company, Entek Adaptive, to emerge as the most recent product line for all material handling businesses. Adaptive will be in charge of developing, installing, and selling material handling equipment, with support from Entek's project management and engineering teams.


Battery Separators battery type Insights


The Battery separators market segmentation, based on battery type, includes Lithium-Ion, Lead Acid, Nickel-Cadmium, Nickel Metal Hydride, Others. The Lithium-Ion segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to the increasing demand for batteries. There will be greater demand for Lithium-Ion batteries in the oil and gas, healthcare, and chemical industries as continuous power supply devices are used to deliver consistent power. Because of their great reliability, these batteries are employed in a wide variety of essential applications. Hence, increasing demand for batteries positively impacts the market growth.


Battery Separators Application Insights


The Battery separators market data has been divided into Consumer Electronics, Automotive, Industrial. The Consumer Electronics segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The use of battery components in electronics is increasing.


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. This development has further increased market share in the Battery separators industry.


Figure 2: Battery separators Market, by material, 2021 & 2030 (USD Billion)
Battery separators Market, by material, 2021 & 2030
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Additionally, the market for battery separators is developing due to the rising need to increase battery security and consistency without compromising performance or cost. In contrast, maintaining consistency in material quality and low heat resistance of separators may pose a challenge to the market’s growth. Vehicle electrification is increasing, smart electronic device sales are growing, and material advancements are driving the market.


Battery separators Battery Type Insights


Based on Battery Type, the Battery separators industry has been segmented into Lithium-Ion, Lead Acid, Nickel-Cadmium, Nickel Metal Hydride, Others. Lithium-Ion held the largest segment share in 2021, owing to the increasing demand of batteries. The others segment is expected to bolster at a CAGR of 2.45% during the assessed timeline.


The second fastest growing segment in the Battery separators industry is lead acid. The lead acid battery separator segment is expected to be one of the major contributors for the market growth due to its low cost and wide applicability. Li-ion battery separator segment is projected to grow at a high CAGR during the forecast period.


Battery Separators Regional Insights


By Region, the study segments the market into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Battery separators market accounted for USD 1.20 billion in 2021 and is expected to exhibit a 12.69% CAGR during the study period. This is attributed to the increasing demand of batteries in different applications across the region.


Further, the major countries studied are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 3: BATTERY SEPARATORS MARKET SHARE BY REGION 2021 (%)
BATTERY SEPARATORS MARKET SHARE BY REGION 2021
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe Battery separators market accounts for the second-largest market share due to the growing demand for the product from various applications, including the consumer electronics & automotive industry. Further, the Germany Battery separators market held the largest market share, and the UK Battery separators market was the fastest growing market in the European region


The Asia-Pacific Battery separators Market is expected to grow at a CAGR of 12.69% from 2022 to 2030. This is because of rising investments in EVs in developing nations like China and India. Moreover, China Battery separators market held the largest market share, and the India Battery separators market was the fastest growing market in the Asia-Pacific region


For instance, India Battery separators market is the favored destination for manufacturers due to the infrastructure projects. On the other hand, Japan is famous for automotive industry. Hence, Asia-Pacific is anticipated to register the highest growth rate over the forecast period from 2022–2030


Battery Separators Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the Battery separators market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Battery separators industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


One of the primary business strategies adopted by manufacturers in the Battery separators industry to benefit clients and expand the Battery separators market sector is to manufacture locally to reduce operating costs. In recent years, Battery separators has provided medicine with some of the most significant benefits.


Toray Industries, Inc (Japan) manufactures fiber products including filament yarns, staple fibers, spun yarns, fabrics of nylon, polyester, acrylic and others. The Company also makes chemical products such as polyester films, engineering plastics, resin materials, and carbon fiber composite materials. In 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.


Also, ENTEK (US) ENTEK sells lead-acid separators, lithium-ion separators, extruders, and engineering services on six continents. Company design and build battery separator lines. In 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.


Key Companies in the Battery Separators Market includes




  • 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), among others




Battery Separators Industry Developments


November 2022: The US Department of Energy’s Battery Materials Processing and Battery Manufacturing announced plans to invest USD 0.2 billion in collaboration with General Motors and Microvast to develop specialized Electric Vehicle battery separators.


April 2022: ENTEK announced its plan to expand in the United States to meet the proliferating demand for the lithium-ion battery separator market. By 2025, ENTEK is expected to complete its first phase expansion with continued expansion till 2027, with a total production of 1.4 billion square meters, which will produce sufficient material for the separator to power approximately 1.4 billion EVs.


September 2022: To accelerate the growth of the European market, China’s Senior Technology Material plans to boost production at its EV battery separator facilities in Sweden. The lithium-ion battery parts capacity will increase, and Senior Tech will invest CNY872 million (USD122 million) in land and factories in Sweden.


Battery Separators Market Segmentation


Battery Separators Material Outlook




  • Polyethylene




  • Polypropylene




  • Nylon




  • Ceramic




  • Polyvinylidene Fluoride




  • Others




Battery Separators Battery Type Outlook




  • Lithium-Ion




  • Lead Acid




  • Nickel-Cadmium




  • Nickel Metal Hydride




  • Others




Battery Separators Application Outlook




  • Consumer Electronics




  • Automotive




  • Industrial




Battery Separators Regional Outlook




  • North America




    • US




    • Canada






  • Europe




    • Germany




    • France




    • UK




    • Italy




    • Spain




    • Rest of Europe






  • Asia-Pacific




    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific






  • Rest of the World




    • Middle East




    • Africa




    • Latin America






 



Report Scope:

Report Attribute/Metric Details
Market Size 2021 USD 2.74 billion
Market Size 2022 USD 2.84 billion
Market Size 2030 USD 7.34 billion
Compound Annual Growth Rate (CAGR) 12.69 % (2022-2030)
Base Year 2021
Forecast Period 2022-2030
Historical Data 2019 & 2020
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Material, Battery type, Application and Region
Geographies Covered North America, Europe, Asia Pacific, Latin America, and MEA
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled 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 Dynamics 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 global battery separators market is USD 2.74 billion in 2021

The global battery separator market is expected to grow at a CAGR of 12.69%

Asia-Pacific held the largest market share in the Battery separators market

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) are the key players

Lithium-Ion type led the battery separators market

Consumer electronics had the largest market share in the Battery separators application market