Press release
Lithium-Ion Battery Separator Market to Reach US$ 24.3 Billion by 2030, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
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Market Statistics
• Market size: US$ 6.1 billion in 2023
• Forecast value: US$ 24.3 billion by 2030
• CAGR: 19.1% (2024-2030)
• Forecast period: 2024-2030
• Base year: 2023
• Total number of segments: 5
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By End-Use Industry Type
Automotive, Industrial, Consumer Electronics
By Material Type
PE (UHMWPE and Others), PP, Others
By Medium Type
Dry, Wet
By Separator Type
Films, Nonwovens
By Region
North America, Europe, Asia-Pacific, Rest of the World
Segment Analysis
In end-use industry type, the automotive segment is the dominant driver due to the overwhelming demand for lithium-ion batteries in electric vehicles, which require reliable separators for safety and performance. Meanwhile, the industrial segment is the fastest-growing end-use category as energy storage systems and automation bolster the need for high-quality separators, signaling equipment manufacturers and suppliers to expand solutions tailored to these applications.
Under material type, PE (UHMWPE and others) remains the leading material because of its high porosity, mechanical strength, and chemical stability, ensuring battery efficiency and safety. This makes PE the material of choice for many battery makers, prompting material suppliers to enhance PE separator production capabilities.
For medium type, wet separators are both the largest and fastest-growing medium type, benefiting from their enhanced electrolyte management and thermal characteristics that support higher energy densities and longer cycle life - a trend that encourages R&D investments into wet separator technologies.
In separator type, films dominate due to their uniform structure, controlled pore size, and ease of manufacture for high-performance applications such as EVs and consumer electronics. Conversely, nonwovens are poised for faster growth as innovations in porosity and ionic conductivity attract demand from high-growth battery segments, indicating opportunities for specialty separator producers.
Regional Insights
China is expected to remain the largest market for lithium-ion battery separators, driven by its extensive battery manufacturing infrastructure, economies of scale, and strong demand from electric vehicles, consumer electronics, and energy storage markets, reinforcing the strategic importance of securing supply chains within the region.
North America is projected to be the fastest-growing market during the forecast period, spurred by significant EV adoption, favorable policies, and new separator manufacturing facilities entering the region - trends that present investment and expansion opportunities for global and regional suppliers.
Market Drivers
• Rapid expansion of the electric vehicle market driving high demand for separators.
• Growing deployment of renewable energy storage systems requiring robust battery separators.
• Widespread use of consumer electronics with rechargeable battery needs.
• Continuous advancements in lithium-ion battery technology enhancing performance expectations.
• Strict safety regulations prompting demand for high-quality separator solutions.
Competitive Landscape
Top Companies in the Market
• SEMCORP Group
• Shenzhen Senior Technology Material Co., Ltd.
• Asahi Kasei Corporation
• Sinoma Science & Technology Co., Ltd.
• SK Innovation Co., Ltd.
• Toray Industries
• UBE Corporation
• ENTEK International
FAQs
1. What will the lithium-ion battery separator market size be by 2030?
The market is forecast to reach US$ 24.3 billion by 2030.
2. What CAGR is the lithium-ion battery separator market expected to grow at?
The market is projected to grow at a CAGR of 19.1% during 2024-2030.
3. Which end-use industry segment dominates the lithium-ion battery separator market?
The automotive segment drives the largest share due to increased EV battery demand.
4. Why are wet separators growing faster than dry separators?
Wet separators are growing faster because they support higher energy densities, faster charging, and longer battery life, aligning with EV battery performance needs.
5. Which region offers the largest market opportunity for lithium-ion battery separators?
China is expected to remain the largest market due to strong battery manufacturing infrastructure and high demand across key end-use sectors.
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