Industry Background:
Separators play a vital role in lithium batteries for its performance, safety and cost. The term lithium batteries refer to the non-rechargeable, lithium metal-based batteries and rechargeable lithium-ion batteries are widely used in electronic devices. The primary function of the separator is to prevent the electric conduction between the cathode and anode while permitting ionic conductive via the electrolyte. They are manufactured from non-woven fibre, polymer films, and ceramic material. The key manufacturers have now shifted from the use of polymer separators to ceramic-coated and lithium-coated lithium-ion battery separators as this improve lifecycle and increase the performance of lithium-ion batteries.
According to AMA Research, the market for Lithium Battery Separator is expected to register a CAGR of 13.5% during the forecast period to 2030. This growth is primarily driven by Government Regulations Related to Carbon Emissions for The Automotive and Industrial Sectors
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Asahi Kasei (Japan), SK Innovation (South Korea), Toray (Japan), Celgard (United States), UBE Industries Limited (Japan), Sumitomo Chem (Japan), Entek International (United Kingdom), Evonik (Germany), W-SCOPE (Japan), Senior Technology Material Co., LTD (China), Jinhui Hi-Tech (China), Zhongke Sci & Tech (China), Cangzhou Mingzhu (China), Suzhou GreenPower New Energy Materials Co. Ltd (China), Henan Yiteng New Energy Technology Co, Ltd (China) and Hongtu LIBS Tech (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2022, ENTEK announced its plan to expand in the United States to meet the proliferating demand for the lithium-ion battery separator market. By 2025, ENTEK is expected to complete its first phase expansion with continued expansion till 2027, with a total production of 1.4 billion square meters, which will produce sufficient material for the separator to power approximately 1.4 billion EVs.
In November 2022, The US Department of Energy's Battery Materials Processing and Battery Manufacturing announced plans to invest USD 0.2 billion in collaboration with General Motors and Microvast to develop specialized Electric Vehicle battery separators.The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Regulatory Insights:
"Lithium batteries have become the preferred energy source to power a wide variety of consumer goods ranging from mobile phones to children toys to cars and e-bikes. Though widely used, most people are not aware that lithium batteries are dangerous goods that can pose a safety risk if not prepared in accordance with the transport regulations." To help with compliance, IATA has developed guidance for shippers, freight forwarders, ground handlers, airlines and passengers.
Influencing Trend:
Technology Development in Lithium-ion Battery Separators
Market Growth Drivers:
Government Regulations Related to Carbon Emissions for The Automotive and Industrial Sectors, Increasing Demand for Evs, Rising Adoption of Smart Electronic Devices and Improvement in Li-Ion Batteries
Challenges:
Maintaining Uniformity in Quality of Materials and Low Heat Resistance of Separators
Restraints:
Safety Concerns Related to Usage of Polyolefin Separators
Opportunities:
Use of Batteries in Energy Storage Devices
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Lithium Battery Separator Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Lithium Battery Separator Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Lithium Battery Separator players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Lithium Battery Separator Study Sheds Light on
The Lithium Battery Separator Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Lithium Battery Separator industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Lithium Battery Separator industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.