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Global Lithium-Ion Battery Separator Market Insights and Forecast to 2028

07-15-2022 08:32 AM CET | Energy & Environment

Press release from: Valuates Reports

Global Lithium-Ion Battery Separator Market Insights

The global Lithium-Ion Battery Separator market size is estimated to be worth US$ 3808.9 million in 2022 and is forecast to be a readjusted size of US$ 6565.8 million by 2028 with a CAGR of 9.5% during the review period.

Major factors driving the growth of Lithium-ion battery separator market size are, increasing adoption of lithium-ion batteries, government regulations that support the adoption of Lithium-ion batteries, and declining lithium-ion battery price.

This study categorizes the global Lithium-Ion Battery Separator (Lithium Battery Separator) breakdown data by manufacturers, region, type and application, also analyzes the market size, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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The increasing use of Lithium-ion batteries in the automotive industry is expected to drive the growth of the Lithium-ion battery separator market size. As a result of strict government guidelines on automotive and mechanical parts for carbon discharge, manufacturers are moving towards lithium batteries in automobiles, which contributes to the growth of the lithium-ion battery separators market.

Off-grid solar use has gained tremendous popularity, as has traditional solar power. The cost-effectiveness of Lithium-ion battery storage systems has emerged as an appealing proposition for users of off-grid solar systems. This, in turn, is expected to drive the growth of lithium-ion battery separator market size during the forecast period.

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Volatility in raw material prices and high competition in the lithium-ion battery separator market is anticipated to affect producer profit margins. Lithium-ion battery separator manufacturers are expected to extend their geographical scope to attract customers from niche markets and reduce their reliance on third-party suppliers.

Many regional lithium-ion battery separator vendors offer updated solutions at lower prices than foreign vendors to expand their presence in the global lithium-ion battery separator market. New vendors entering the lithium-ion battery separator market find it difficult to compete with foreign lithium-ion battery separator vendors on the basis of pricing, features, functionality and services.

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Based on the region, North America is expected to hold the largest lithium-ion battery separator market share. This dominance of North America is attributed to the increase in the installation of renewable-based energy sources and their integration with ESS(Energy Storage System). Furthermore, the presence of major EV manufacturers is also driving the largest lithium-ion battery separator market size in the North American region.

The Asia Pacific is expected to be the fastest-growing market for battery separators in the forecast period. This regional market's growth can be attributed to the high demand for battery materials in emerging nations such as China and India. Recently, this region has emerged as a center for automobile development, opening up opportunities for the OEM industry.

SK Innovation
Asahi Kasei
UBE Industries
Sumitomo Chem
Mitsubishi Chemical
Senior Technology Material
Jinhui Hi-Tech
Zhongke Science & Technology
Cangzhou Mingzhu
Sinoma Science & Technology
Tianfeng Material
DG Membrane Tech (SOJO Group)
Hongtu LIBS Tech
Zhenghua Separator
Huiqiang New Energy

Single-Layer (PP/PE)
Bilayer (PP/PE, PP/PP)
Trilayer (PP/PE/PP)

Consumer Electronics
Power Storage

North America
Central & South America
Middle East & Africa
Rest of Middle East & Africa

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