Increasing demand and production of consumer electronic gadgets are acting as major factors for the growth of global battery separator market.
According to TechSci Research report, “Global Battery Separator Market By Type (Lithium-Ion Battery Separator and Lead-Acid Battery Separator), By Material (Polyethylene, Polypropylene and Others), By End-use Industry (Automotive, Consumer Electronics, Industrial and Others), By Region, Forecast & Opportunities, 2025”, the market is expected to undergo a double digit CAGR during the forecast period. Key factors driving the growth of global battery separator market are increasing demand and production of consumer electronic gadgets, growing vehicle electrification and improvement in li-ion batteries. Furthermore, advancement in technology and utilization of batteries in energy storage devices are anticipated to provide profitable growth opportunities for battery separator manufacturers in the coming years. Apart from that, automakers are investing billions on the manufacturing of electronic vehicles owing to increase in GHG emissions and incentives being provided by various governments, which is another major factor supporting the growth of global battery separator market.
Furthermore, growing awareness and implementation of strict regulations pertaining to environmental safety in various economies are positively impacting the battery separator market growth. In addition to this, increasing population and industrialization are leading to rise in sale of various electronic devices such as smartphones, laptops, etc. which is further propelling the growth of global battery separator market. With growth in automotive and consumer electronic industries, the battery separator market is poised to witness a significant growth over the next five years. However, the market is also facing some challenges. Low heat resistance of separators and various safety concerns related to batteries are likely to hinder the market growth.
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The global battery separator market is segmented based on type, material, end-use industry and region. Based on type, the market can be categorized into lithium-ion battery separator and lead-acid battery separator. Among them, the lithium-ion battery separator segment dominated the market in 2019 and the segment is further expected to maintain its dominance during the forecast period. The reasons can be attributed to growing utilization of lithium-ion battery in electric hybrid vehicles and the declining prices of this battery technology.
Based on end-use industry, global battery separator market can be split into automotive, consumer electronics, industrial and others. Out of them, the automotive segment is anticipated to lead the battery separators market during the forecast period owing to rapid technological advancements leading to improved battery cell chemistry which results in reduced weight of battery packs.
Major players operating in the global battery separator market are Toray Industry, Asahi Kasei, SK Innovation, Freudenberg, Entek International, W-Scope Industries, Ube Industries, Sumitomo Chemical, Dreamweaver International, Bernard Dumas, Cangzhou Mingzhu Plastic, Celgard, Daramic, Foshan Jinhui Hi-Tech Optoelectronic Material, Henan Yi Tang New Energy Technology, Hunan Chinaly New Materials, Porous Power Technologies, Shenzhen Senior Technology Material, among others. Companies are adopting growth strategies such as new product launches, mergers & acquisitions, strategic partnership, agreements and joint ventures in order to increase their share in global battery separator market.
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“Increasing demand for battery materials in developing nations such as China and India are likely to make Asia Pacific fastest growing market for battery separator market during the forecast period. Moreover, growing sale of industrial batteries and material handling equipment are also providing new growth opportunities for battery separator market in the region, ” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Battery Separator Market By Type (Lithium-Ion Battery Separator and Lead-Acid Battery Separator), By Material (Polyethylene, Polypropylene and Others), By End-use Industry (Automotive, Consumer Electronics, Industrial and Others), By Region, Forecast & Opportunities, 2025”has evaluated the future growth potential of battery separator market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global battery separator market.
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