Battery Separators Market worth $13.0 billion by 2028 | Key players Asahi Kasei Corporation (Japan), ENTEK (US), Shanghai Energy New Materials Technology Co., Ltd. (China).

According to recent market research the "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 2028", is projected to grow from USD 6.3 billion in 2023 to USD 13.0 billion by 2028, at a CAGR of 15.7% during the forecast period. High demand from the automotive and consumer electronic sector is expected to drive the battery separators market.

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By battery type, the lead-acid battery is estimated to have the largest market share by value. lead-acid batteries are expected to hold the largest market share due to their widespread use as sustainable energy storage solutions for wind and solar power. This is attributed to their advantages of low material costs, safety features, and recyclability, with up to 99% recyclability. With commendable energy storage capacity, lead-acid batteries are undergoing continuous advancements, contributing to the growth of battery separators market.

Based on end-use, the automotive segment is estimated to account for the largest share of the market during the forecast period. This is primarily due to the adoption of environmental norms and emission regulations, coupled with the growing emphasis on efficiency in the automotive sector. The surge in battery-driven vehicles, including hybrid electric and plug-in hybrid electric vehicles, is anticipated to significantly contribute to the overall growth of the global battery separators market, further propel the growth of this automotive segment in this market.

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Asia Pacific is estimated to lead the market during the forecast period, driven by robust economic growth and substantial investments in the automotive and electronics sectors. Notably, emerging economies like China and India have played a pivotal role in establishing Asia-Pacific as a significant market for battery separators. Additionally, an increase in purchasing power of the population and government support is likely to propel battery separators market.

Some of the leading players in this market include Asahi Kasei Corporation (Japan), ENTEK (US), Shanghai Energy New Materials Technology Co., Ltd. (China), SK ie technology (South Korea), Toray Industries, Inc. (Japan), and UBE Corporation (Japan), among others.

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Asahi Kasei Corporation, a global Japanese chemical company, is a leading manufacturer of lithium-ion and lead-acid battery separators. Operating in four segments, including material and environmental solutions, the company produces separators such as Hinore, Celgard (lithium-ion), and Daramic (lead-acid). These separators are mainly used in automotive, laptops, smartphones, and other consumer electronics applications. With a strong global presence, the company is actively researching expanding production capacity in Europe and US to support local manufacturing and consumption of separators, focusing on the growth of the battery separator industry.

Shanghai Energy New Materials Technology Co., Ltd., also recognized as SEMCORP, is one of the key players in the global market for battery separators. Specializing in the production of wet process separators and coated separators designed for lithium-ion batteries. The company offers ceramic coating, PVDF coating, AFL coating, and high-temperature polymer coatings for high-energy-density chemistries such as the NMC system. The company's other products are printing packages, packing boxes, liquid wrapping & high-grade wrapping papers, biaxially oriented polypropylene films, and other related products.

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