Battery Separators Market Size, Industry Share | Forecast 2029

 

Battery Separators Market

The Battery Separators Market is projected to grow at a significant CAGR during the forecast period (2020-2027)

The factors driving the growth of Battery Separators Market includes proliferation of smartphones, rising production of lithium-ion batteries, growing investments on research and development activities for developing improved battery separators and increasing sales of automobiles across the world. As per the report published by Bloomberg, The Global smartphone market is projected to increase by 39.96 million units, advancing at a CAGR of 1% during the FY2020-2024, which will boost the Battery Separator Market size in the near future. Moreover, the rising emphasis on developing batteries with electrolytes and growing e-commerce and logistics industry, are expected to accelerate the Battery Separator Market Share in the approaching years. In addition, the increasing demand for consumer electronic items and rising disposable incomes and growing, are expected to fuel the demand for battery separators.

The major players operating in the market are Dreamweaver International, UBE Industries, Ltd., Toray Industries, Inc., SK Innovation Co. Ltd., Freudenberg, Entek, Bernard Dumas, Sumitomo Chemical Co., Ltd., Asahi Kasei Corporation and W-Scope Corporation among others.

Battery Type: Segment Analysis

Based on the battery type, the lithium-ion segment is predicted to grow at a significant CAGR during the forecast period attributed to increasing sales of Electric-Vehicles and Government initiative to boost the demand for lithium-ion batteries. According to Inc42, the Government of India is planning to reduce the Goods and Services Tax (GST) on lithium-ion (Li-ion) batteries from the existing rate of 18%., which will propel the Battery Separator Market share.

End-Use Industry: Segment Analysis

Based on the end-use industry the automotive segment is expected to expand at a faster CAGR over the forecast period due to rising technological innovations in the battery cells, which has significantly reduced the overall weight of the battery packs.

Regional: Segment Analysis

Based on the region, Asia-Pacific region is estimated to capture sizable market share during the forecast period. The presence of key manufacturers, rapid urbanization, rising disposable incomes and increasing sales of Electric Vehicles in the region, are some of the factors responsible for the growth of Battery Separators Market in Asia-Pacific. As per Statista, China 2.9 million battery electric vehicles were sold in China, in FY 2021, highlighting a 162% jump as compared to 2020.

 

Market Segmentation

Global Battery Separators Market by Battery Type

  • Lithium Ion (Li-Ion)
  • Lead Acid
  • Others

Global Battery Separators Market by End-Use Industry

  • Automotive
  • Consumer Electronics
  • Industrial
  • Others

Global Battery Separators Market by Material

  • Polypropylene
  • Polyethylene
  • Others

Global Battery Separators Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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