Press release
Battery Separator Market is set to Witness Huge Demand at a CAGR of 13.87% during the Forecast Period 2029
Battery Separator Market was valued at USD 4.53 billion in 2021 and is expected to reach USD 12.81 billion by 2029, registering a CAGR of 13.87% during the forecast period of 2022-2029.Industry Analysis
The consumer electronic gadgets have largely gained popularity, and as a result, they are highly demanded across the globe. The consumer electronics sector is, however, the primary consumer of lithium-ion batteries. Moreover, electric vehicles (EVs) sales have increased and they are also becoming the largest consumers of lithium-ion batteries in recent years. Consequently, the surge in demand for consumer electronics as well as the electric vehicles (EVs) will further boost the battery separator market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Battery separators separate anode (positive electrode) and cathode (negative electrode) materials within a cell mechanically. These barriers prevent short-circuits between the battery's internal components while also allowing for maximum ionic conductivity during charging or discharging. Separators have a porous structure and are chemically and electrochemically stable to the electrolyte and electrode materials in a battery. The separator is designed to shut down the batteries in the event of an overheating or short circuit.
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