Battery Separators Market by Battery Type (Lead Acid, Li-ion), End-use Industry (Automotive, Consumer Electronics, Industrial, Others), Material (Polyethylene. Polypropylene), and Region (APAC, EU, NA, MEA, and SA) - Global Forecast to 2022
[129 Pages Report] global size of the battery separators market was USD 2.56 Billion in 2016 and is projected to reach USD 5.13 Billion by 2022, at a CAGR of 12.5% during the forecast period. The battery separators market is driven by the rising demand for EVs, smartphones, and other electrical devices, along with various improvements in the field of lithium-ion batteries.
The main objective of the study is to define, describe, and forecast the battery separators market on the basis of type, end-use industry, material, and region. The report includes detailed information about the major factors (drivers, restraints, opportunities) influencing the growth of the market. The report strategically analyzes market segments with respect to individual growth trends, growth prospects, and contribution to the total market. The report includes analysis of the battery separators market on the basis of type (lead acid, Li-ion, others), end-use industry (automotive, consumer electronics, industrial, others), material (polyethylene, polypropylene, others), and region (Asia Pacific, Europe, North America, Middle East & Africa, South America). The market size of battery separator has been estimated in terms of value. The base year considered for the study is 2016 while the forecast period is between 2017 and 2022.
Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global battery separators market, and to estimate the size of various other dependent submarkets. Extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, Organization for Economic Co-operation and Development (OECD), World Bank, Securities and Exchange Commission (SEC), and other government and private websites have been referred to identify and collect information useful for this technical, market-oriented, and commercial study of the battery separators market.
Some of the major market players active in the global battery separators market include Toray Industry (Japan), Asahi Kasei (Japan), SK Innovation (South Korea), Freudenberg (Germany), Entek International (US), W-Scope Industries (Japan), Ube Industries (Japan), Sumitomo Chemical (Japan), Dreamweaver International (US), and Bernard Dumas (France).
Key Target Audience:
- Battery Separator Manufacturers
- Raw Material Suppliers
- Manufacturing Technology Providers
- Traders, Distributors, and Suppliers of Battery Separators
- Manufacturers in End-use Industries
- Regional Manufacturers’ Associations and Battery Associations
- Government and Regional Agencies and Research Organizations
- Investment Research Firms
The study answers several questions for the stakeholders, primarily which market segments to focus on in the next two-to-five years for prioritizing efforts and investments.
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:
This research report categorizes the global battery separators market based on type, end-use industry, material, and region.
Based on type:
- Li-ion
- Lead Acid
- Others
Based on end-use industry:
- Automotive
- Consumer Electronics
- Industrial
- Others
Based on material:
- Polypropylene
- Polyethylene
- Others
Based on region:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
The market has been further analyzed for key countries in each of these regions.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
End-use industry analysis
- Product matrix that gives a detailed analysis of various types of battery separator in each end-use industry
Regional analysis
- Further breakdown of a region with respect to a country
Company information
- Detailed analysis and profiling of additional market players (up to 5)
The global battery separators market is estimated to reach USD 5.13 Billion by 2022, at a CAGR of 12.5% from 2017 to 2022.
The battery separators market has witnessed significant growth in recent years, owing to stringent regulations related to environment. Increasing population and industrialization, coupled with the increasing demand for electrically-operated vehicles and various advances done in the battery technology are driving the consumption of battery separators around the world.
The main types of battery separators considered in the report are lead acid, Li-ion, and others. Owing to its low cost and wide applicability, the lead acid battery separator segment led the market in 2016, in terms of value. However, the Li-ion battery separator segment is expected to grow at a higher rate owing to its high cost and potential to be used in EVs. Li-ion batteries are widely used in electric vehicles and hybrid vehicles.
Battery separators are used in batteries of various end-use industries, such as automotive, consumer electronics, industrial, and others. On the basis of end-use industry, the automotive segment is projected to lead the battery separators market during the forecast period. Advancements in technology have led to improvements in battery cell chemistry, subsequently reducing the weight of battery packs. Hence, this has substantially influenced the use and demand for suitable battery separators for various automotive applications.
North America, Europe, Asia Pacific, Middle East & Africa, and South America have been considered as the key markets for battery separators in the report. Asia Pacific is estimated to be the fastest-growing market for battery separators during the forecast period. The growth of this regional market can be attributed to the huge demand for battery materials in emerging nations such as China and India. Recently, this region has emerged as a hub for automobile production, opening avenues and opportunities for OEM market.
The battery separators market is expected to witness significant growth in the coming years. However, low heat resistance of separators and various safety issues related to batteries could hinder the growth of this market.
Toray Industry (Japan), Asahi Kasei (Japan), SK Innovation (South Korea), Freudenberg (Germany), Entek International (US), W-Scope Industries (Japan), Ube Industries (Japan), Sumitomo Chemical (Japan), Dreamweaver International (US), and Bernard Dumas (France) are the key companies operational in the battery separator market. Targeting new markets will enable battery separator manufacturers to cater to the rising demand for battery separators, hence reinforcing their positions in the market.
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Growth opportunities and latent adjacency in Battery Separators Market