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Battery Separators Market Size, Industry Share, Growth And Forecast 2023-2032
Battery Separators Market Report
The Business Research Company's Battery Separators Global Market Report 2023 identifies surge in demand for consumer electronics and electronic vehicles as the major driver for the battery separators market's growth in the forecast period. Consumer electronics refers to any electronic product intended for end users or consumers to purchase and use for daily and non-commercial or professional reasons, whereas electric vehicles are those that run on electricity rather than an internal combustion engine, which generates power by burning fuel and gases. Battery separators help consumer electronics and electric vehicles by ensuring an effective flow of electricity. For instance, in 2022, according to the Economic Times, an Indian newspaper, the sales of consumer electronics rose 9% from the previous year. Consumers are increasingly purchasing electronic wearables, laptops, smartphones, refrigerators, and others.
The global battery separators market size grew from $4.29 billion in 2022 to $5.04 billion in 2023 at a compound annual growth rate (CAGR) of 17.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The battery separators market size is expected to grow to $9.31 billion in 2027 at a CAGR of 16.6%.
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Major competitors in the battery separators market are Toray Industry Inc., Asahi Kasei Corporation, SK Innovation Co. Ltd., Freudenberg SE , ENTEK International LLC, Dreamweaver International, Eaton Corporation, Sumitomo Chemical Co. Ltd., Bernard Dumas, W-Scope Corporation, Ube Industries, DuPont de Nemours Inc., Celgard LLC, Electrovaya Inc., and Mitsubishi Chemical Corporation.
A key trend in the battery separators market includes product innovations. Major companies operating in the battery separator market are focused on developing innovative products with advanced technologies to sustain their position in the battery separator market. For instance, in November 2020, Toray Industries, a Japan-based material manufacturer, developed a non-porous separator for lithium-ion batteries by improving the safety of lithium metal anode batteries, which could significantly boost capacity, especially in wearable electronic gadgets, drones, and electric cars. This was done by regulating the spaces between molecular chains and the affinity for lithium ions by utilising the high heat resistance aramid polymer molecular design technologies.
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The battery separators market is segmented -
•By Battery Type: Li-Ion, Lead Acid, Other Battery Types
•By Material Type: Polypropylene, Polyethylene, Other Materials
•By End User: Automotive, Industrial, Consumer Electronics, Other End Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the battery separators market.
The Business Research Company's "Global Battery Separators Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Battery Separators Market Include:
1. Executive Summary
2. Battery Separators Market Characteristics
3. Battery Separators Market Trends And Strategies
4. Battery Separators Market - Macro Economic Scenario
5. Battery Separators Market Size And Growth
……
26. Africa Battery Separators Market
27. Battery Separators Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Battery Separators Market
29. Battery Separators Market Future Outlook and Potential Analysis
30. Appendix
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