IMARC Group, a leading market research company, has recently releases report titled “Lithium-Ion Battery Separator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global lithium-Ion battery separator market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big Is The Lithium-Ion Battery Separator Market?
The global lithium-ion battery separator market size reached US$ 6.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.5 Billion by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028.
What are Lithium-Ion Battery Separator?
Lithium-ion battery separator refers to thin and porous membranes that physically separate the cathode and anode to prevent electrical short circuits. In terms of materials, they can be categorized into polypropylene (PP), polyethylene (PE), nylon, etc. These lithium-ion battery separator variants are moisturized by an electrolyte that acts as a catalyst for the movement of ions inside the battery. They mainly focus on providing a barrier between two electrodes and facilitating ion transport in the cell. Lithium-Ion battery separator products are manufactured using non-woven fibers, polymer films, and ceramic materials that have excellent mechanical properties, improved chemical stability, and are extremely cost-effective. Consequently, they find extensive applications across several sectors, such as automotive, industrial, and consumer electronic industries, etc.,
What Are The Growth Prospects And Trends In The Lithium-Ion Battery Separator Industry?
The expanding adoption of electric vehicles (EVs) across the globe and the increasing usage of smartphones, laptops, and other consumer electric products are among the key factors driving the lithium-ion battery separator market. Additionally, the launch of lithium-ion batteries layered with polyolefins and ceramic oxides that are safe and stable and aid in reducing shrinkage and particle penetration is acting as another significant growth-inducing factor.
Moreover, the growing product demand, owing to its various advantages, which include enhanced resistance, chemical permeability, strength, and safety toward electronic short circuits, is also positively influencing the global market. Apart from this, the rising investments in research and development (R&D) activities by leading market players to make advancements and improvements in separator design for ensuring higher stability and lifespan performance standards are expected to bolster the lithium-ion battery separator market over the forecasted period.
What Is Included In Market Segmentation?
The report has segmented the market into the following categories:
The report has been segmented the market into following categories:
Breakup by Material:
- Polypropylene (PP)
- Polyethylene (PE)
Breakup by Thickness:
Breakup by End User:
- Consumer Electronics
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who Are The Key Players Operating In The Industry?
The report covers the major market players including:
- 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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