The global battery separators market is projected to grow from USD 5.3 billion in 2022 to USD 11.4 billion by 2027, at a CAGR of 16.4% during the forecast period. The main purpose of battery separators is to isolate the negative and positive electrodes. It is a polymeric membrane placed between the positively charged anode and the negatively charged cathode. These separators are primarily used in consumer electronics, industrial, and automotive industries.
Shanghai Energy New Materials Technology Co., Ltd. (China), Asahi Kasei Corporation (Japan), SK ie Technology (South Korea), Toray Industries, Inc. (Japan), and Sinoma Science & Technology Co., Ltd. (China) are some of the key players operating in the battery separators market. These players have adopted product launches, agreements, joint ventures, investments, acquisitions, mergers, and expansions to enhance their business revenue and market share. Expansion of production units and opening new production facilities globally is one of the key strategies undertaken by these players to cater to the increasing demand for battery separators.
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Shanghai Energy New Materials Technology Co., Ltd., also known as SEMCORP, is one of the major players in the global battery separators market. The company produces wet process separators and coated separators for lithium-ion batteries. In May 2022, Shanghai Energy New Materials Technology Co., Ltd. (SEMCORP) announced its plan to invest USD 916 million in the first North American facility to manufacture lithium-ion battery separator film in Sidney, Ohio. In September 2021, Shanghai Energy and Asahi Kasei's wholly-owned subsidiary Polypore International, LP agreed to establish a joint venture named Jiangxi Enpo New Materials Co., Ltd. in China. This development enabled the production of high-quality, high-performance dry-process separators in China for lithium-ion batteries.
Another important player in the global battery separators market is Asahi Kasei Corporation. The company has a wide global presence in all regions, including North America, Europe, Asia, South America, and Oceania. Asahi Kasei significantly focuses on its material business segment, as it generates more than 40% of its revenue. Battery separators are offered through the material segment under environmental solutions. The company manufactures lithium-ion battery separators (Hipore and Celgard) and Daramic lead-acid separators. These separators are mainly used in automotive, laptops, smartphones, and other consumer electronics applications.
Battery Separators Market by Battery Type (Lead Acid and Li-ion), Material (Polyethylene and Polypropylene), Technology (Dry and Wet), End-Use (Automotive, Consumer Electronics, Industrial), and Region - Global Forecast to 2027
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