Lithium Ion Battery Separator Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Lithium Ion Battery Separator Market
The global Lithium Ion Battery Separators market was valued at US$ 2904 million in 2023 and is anticipated to reach US$ 3612.1 million by 2030, witnessing a CAGR of 3.1% during the forecast period 2024-2030.

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The market for lithium-ion battery separators will expand during the forecast period due to the increased use of consumer devices like smartphones and tablets as well as developments in battery technology. Off-grid solar system adoption will increase, driving market growth in the next few years. Separators for lithium-ion batteries are required to lower excessive heat generation in battery cells. The market for lithium-ion battery separators is primarily being driven by the rising popularity of electric vehicles as a result of stringent environmental restrictions.
Lithium Ion Battery Separator Market Trends
Due to stringent government regulations aimed at reducing carbon emissions, the market for electric vehicles is flourishing as automakers switch to plug-in or hybrid models. These vehicles use lithium-ion batteries, which are produced with flammable electrolytes. In the event that too much heat is produced, which prevents the primary battery mechanism from closing before fire, lithium-ion separators are utilized to melt the battery. The main support for battery technology is provided by these separators. In turn, this will accelerate the market for lithium-ion battery separators in the upcoming years.
Users of laptops, tablets, and smartphones are multiplying rapidly. Demand for the market has expanded as a result of the boom in digitalization and rising consumption. Lithium-ion battery utilization has also increased as a result of ongoing battery technology developments. Through a range of cell designs and chemistries, they offer quicker charging, long shelf life, and cycling performance. For consistency and dependability, this calls for the use of exceptional composite materials for battery separators. These elements offer profitable business prospects for battery separator producers, fueling the expansion of the lithium-ion battery separator market during the course of the projected period.
Lithium-ion batteries are becoming less expensive. As opposed to conventional solar systems, this has encouraged the usage of these batteries in off-grid solar systems. Off-grid energy storage reduces rising electricity prices, prevents power disruptions, and is simple to install. Grid solar system users employ lithium-ion battery separators to manage electrical circuits. The market for lithium-ion battery separators will expand as a result during the period under study.
China's policy on lithium-ion batteries mainly focuses on lithium-ion batteries. In 2015, in order to strengthen the management of lithium-ion battery industry and improve the development level of the industry, China formulated the Standard of Lithium-ion Battery Industry. the global sales of new energy vehicles reached 10.8 million units in 2022, with a year-on-year increase of 61.6%. In 2022, China new energy vehicle sales reached 6.8 million units, and the global share increased to 63.6%. In Q4 2022, sales penetration rate of China's new energy vehicle reached 27%, while the global average penetration rate was only 15%. Europe penetration was 19%, and North America penetration rate was only 6%.
Lithium batteries will fully benefit from the high growth of downstream demand. According to the Ministry of Industry and Information Technology, China's lithium-ion battery production reached 750 GWh in 2022, up more than 130 percent year on year. Among them, the output of lithium energy storage battery exceeded 100 GWh, and the total output value of the industry exceeded 1.2 trillion yuan. The industrial application of lithium battery was also growing rapidly. In 2022, the loading capacity of new energy vehicle power battery was about 295 GWh, and the new energy vehicle power battery was about 295 GWh. According to our research, in 2022, the overall global lithium-ion battery shipments were 957GWh, a year-on-year increase of 70%. Global vehicle power battery (EV LIB) shipments were 684GWh, a year-on-year increase of 84%; Energy storage battery (ESS LIB) shipments were 159.3GWh, a year-on-year increase of 140%.

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Market Segment By Company
• Asahi Kasei
• SK Innovation
• Toray
• Celgard
• UBE
• Sumitomo Chem
• Entek
• Evonik
• MPI
• Targray Technology International
• Porous Power
• Freudenberg Performance Materials
• W-SCOPE
• Senior Tech
• Jinhui Hi-Tech
• Zhongke Sci & Tech
• Cangzhou Mingzhu
• Suzhou GreenPower
• Yiteng New Energy
• Tianfeng Material
• DG Membrane Tech
• Newmi-Tech
• FSDH
• Hongtu LIBS Tech
• Shanghai Energy
• Gellec
• Zhenghua Separator
• Huiqiang New Energy
Market Segment By Type
• Monolayer Polypropylene (PP) Separator
• Monolayer Polyethylene (PE) Separator
• Trilayer PP/PE/PP Separator
• Ceramic Separators
Market Segment By Application
• Consumer Electronics
• Power Vehicle
• Electric Power Storage
• Industrial Use

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