Global Battery Separators Market to Reach $21.8 Billion by 2030
The global market for Battery Separators estimated at US$6.9 Billion in the year 2023, is expected to reach US$21.8 Billion by 2030, growing at a CAGR of 17.7% over the analysis period 2023-2030. Li-ion Battery Separators, one of the segments analyzed in the report, is expected to record a 18.8% CAGR and reach US$15.6 Billion by the end of the analysis period. Growth in the Lead Acid Battery Separators segment is estimated at 16.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 22.6% CAGR
The Battery Separators market in the U.S. is estimated at US$1.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.7 Billion by the year 2030 trailing a CAGR of 22.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.5% and 15.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 13.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.7 Billion by the year 2030.
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