According to the recent study the battery separator market is projected to reach an estimated $7.9 billion by 2026 from $2.9 billion in 2020, at a CAGR of 17.1% from 2020 to 2026. Growth in this market is primarily driven by rapid growth in electric vehicle production and rising demand for lithium-ion battery in industrial and power storage applications.
Browse 154 figures / charts and 126 tables in this 279 -page report to understand trends, opportunities and forecast in battery separator market by material type (polyethylene, polypropylene, and others), by end use industry (transportation, industrial, consumer electronics, and others), battery type (lead acid and Li-ion), by technology (dry battery separator and wet battery separator), and by region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Lithium-ion market is expected to remain the largest segment during the forecast period.”
Based on battery type, the battery separator market is segmented into lead acid and lithium-ion. Lucintel forecasts that the lithium-ion is expected to witness the largest segment over the forecast period and also expected to witness the highest growth over the forecast period supported by increasing usage in electric vehicles and power storage applications along with decreasing price of lithium ion batteries.
“Within the battery separator market, the transportation segment is expected to remain the largest end use industry”
Based on end use industry the transportation segment is expected to witness the largest segment over the forecast period due to growing demand for the lithium ion batteries in electric vehicles considering environment sustainability, declining cost of lithium ion batteries, and lower cost of electricity as fuel compare to gasoline.
“Asia Pacific will dominate the battery separator market in near future”
Asia Pacific is expected to be the largest region and it is also expected to witness the highest growth over the forecast period supported by growing usage in power storage applications and growing stringency in government regulation to replace diesel based vehicles with electric vehicles considering environment pollution.
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Major players of battery separator market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Semcorp, Toray Industries, SK Innovation, Asahi Kasei, Sumitomo Chemical, Entek International, and UBE are among the major battery separator providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/battery-separator-market.aspx or [email protected]
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