Battery Separator Market Size, Share & Trends Analysis By Battery Type (Li-Ion, Lead Acid, Nickel-cadmium, Nickel Metal), By Type (Coated, Non-coated), By Material, By Thickness, By Technology, By End-use, By Region, And Segment Forecasts, 2023 - 2030
Battery Separator Market Size, Share & Trends Analysis By Battery Type (Li-Ion, Lead Acid, Nickel-cadmium, Nickel Metal), By Type (Coated, Non-coated), By Material, By Thickness, By Technology, By End-use, By Region, And Segment Forecasts, 2023 - 2030
Battery Separator Market Growth & Trends
The global battery separator market size is anticipated to reach USD 13.33 billion by 2030, registering a CAGR of 15.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth is propelled by the rising product demand from the end-use industries, such as automotive, consumer electronics, and industrial. Increasing sales of electric vehicles (EVs) in the U.S., owing to supportive federal policies coupled with the presence of market players in the country, are expected to drive the demand for batteries, which, in turn, will propel the product demand. One of the most significant drivers of Li-ion battery demand is the automotive industry's shift toward EVs.
Various automakers are investing heavily in EV production, and the batteries used in these vehicles are typically lithium-ion due to their high energy density and power output. Furthermore, coated separators can provide an additional layer of protection within lithium-ion batteries. They can offer thermal stability and help prevent thermal runaway, a critical safety concern, by inhibiting direct contact between the anode and cathode materials. The robust manufacturing base of batteries in China, Japan, and India along with the commitment of governments toward infrastructure development is expected to drive the battery market in Asia Pacific. Furthermore, the growing number of FMCG companies in India, China, and Singapore are expected to augment the demand for batteries, thereby driving market growth.
In addition, rapid industrialization, increasing government infrastructure spending, and growing FDIs are expected to promote market development in the Asia Pacific region. Furthermore, with technological advancements, manufacturers are rapidly progressing in developing & launching new products. Key companies also focus on joint ventures and other strategic initiatives to gain a higher market share. For instance, in August 2022, Celgard, LLC (Celgard), a subsidiary of Polypore International, LP, (Polypore), announced their strategic alliance agreement with American Battery Factory (ABF) for the manufacturing of Lithium Iron Phosphate (LFP) battery separator technology.
Battery Separator Market Report Highlights
The Asia Pacific regional market was estimated at USD 2.34 billion in 2022 and is expected to grow at a CAGR of 15.0% from 2023 to 2030
Various lithium-ion batteries used in consumer electronics and EVs use separators in the 5μm to 10μm thickness range. These separators provide a balance between ion conductivity and mechanical stability
The widespread use of smartphones, laptops, wearables, and other portable devices relies on lithium-ion batteries with dry separators to provide efficient and safe energy storage
Concerns over climate change and air pollution have prompted individuals, governments, and organizations to seek cleaner transportation alternatives. EVs produce zero tailpipe emissions, making them an attractive choice for environmentally-conscious consumers
The growing automotive industry, which is one of the largest end-users of lead-acid batteries across various countries, including India, Indonesia, Sri Lanka, and Vietnam, is expected to augment the Asia Pacific market growth
Rising awareness about the technical limitations of batteries, such as low energy density and weight of the battery, is expected to restrict the market growth
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