According to a new market report published by Lucintel, the future of the global battery separator market looks promising with opportunities in the transportation, consumer electronics, and industrial sectors. The global battery separator market is expected to reach an estimated $8.8 billion by 2027 with a CAGR of 16.3% from 2021 to 2027. The major drivers for this market are rapid growth in electric vehicle production and rising demand for lithium-ion battery in industrial and power storage applications.
In this market, battery separator is used in lithium-ion and lead acid batteries. Lucintel predicts that battery separator for lithium-ion will remain the largest application over the forecast period. It is also expected to witness the highest growth over the forecast period supported by increasing usage in electric vehicles and power storage applications along with decreasing price of lithium ion batteries.
Within the global battery separator market, transportation will remain the largest end use industry and it is also likely to experience the highest growth over the forecast period due to growing demand for the lithium ion batteries in electric vehicles considering environment sustainability, declining cost of lithium ion batteries, and lower cost of electricity as fuel compare to gasoline.
Asia Pacific will remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period supported by growing usage in power storage applications and growing stringency in government regulation to replace diesel based vehicles with electric vehicles considering environment pollution.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of ultra-high molecular weight polyethylene for battery separator and increasing R&D for future separator material like conductive glass separator. Semcorp, Toray Industries, SK Innovation, Asahi Kasei, Sumitomo Chemical, Entek International, and UBE are among the major battery separator providers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global battery separator market by material type, battery type, end use industry, technology, and region and has come up with a comprehensive research report titled “Growth Opportunities in the Global Battery Separator Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global battery separator by material type, battery type, end use industries, technology, and region as follows:
By Material Type [Million square meters and $M shipment analysis from 2016 to 2027]:
Polyethylene
Polypropylene
Others
By End Use Industry [Million square meters and $M shipment analysis from 2016 to 2027]:
Transportation
Consumer Electronics
Industrial
Others
By Battery Type [Million square meters and $M shipment analysis from 2016 to 2027]:
By Technology Type [Million square meters and $M shipment analysis from 2016 to 2027]:
Dry Separator
Wet Separator
By Region [Million square meters and $M shipment analysis for 2016 to 2027]:
North America
Europe
Asia Pacific
The Rest of the World
This 279-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link www.lucintel.com/battery-separator-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global battery separator market by material type (polyethylene, polypropylene, and others), by end use industry (transportation, industrial, consumer electronics, and others), battery type (lead acid and Li-ion), by technology (dry battery separator and wet battery separator) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?