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(Transportation-News.com, July 11, 2023 ) The Battery Separators industry provides components that prevent short circuits and enable ion flow in batteries. It serves various end-use industries, including electric vehicles, consumer electronics, energy storage systems, industrial applications, medical devices, and aerospace/defense. The report "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 2027", is projected to grow from USD 5.3 billion in 2022 to USD 11.4 billion by 2027, at a CAGR of 16.4% during the forecast period. High demand from the automotive sector is expected to drive the battery separators market.
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Browse in-depth TOC on "Battery Separators Market”
227 - Market Data Tables
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The Lead-acid battery is expected to account for the largest share of the battery separators market, by battery type, during the forecast period, in terms of value
By battery type, the lead-acid battery is estimated to have the largest market share by value. Lead-acid batteries are utilized as sustainable energy storage systems for wind and solar power owing to their low material costs, safety, and recyclability. They are recyclable up to 99% and have a good energy storage capacity. Furthermore, various advancements have been made in lead-acid batteries and separators, which are expected to increase the market share of this segment.
By end-use, the automotive segment is expected to account for the largest market share during the forecast period in terms of value.
Based on end-use, the automotive segment is estimated to account for the largest share of the market during the forecast period. The adoption of various environmental norms and emission regulations, along with the increasing need for efficiency, are driving the market for batteries in the automotive segment. The growth of battery-driven vehicles such as hybrid electric vehicles and plug-in hybrid electric vehicles is expected to boost the global battery separators market, which will further propel the growth of this segment.
Polyethylene, by material, is expected to account for the largest segment during the forecast period.
Based on material, the battery separators market is classified into polypropylene, polyethylene, and others. Polyethylene is expected to account for the largest segment in 2027 in terms of value. Polyethylene is widely used in various applications such as food wraps, shopping bags, detergent bottles, batteries, and fuel tanks. Among these, polyethylene finds its major application in the manufacturing of battery separators. Thus, the significant growth related to the battery separators market, in turn, is leading to the market expansion of polyethylene.
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Asia Pacific is projected to register the largest market share during the forecast period in terms of value.
By value, Asia Pacific is expected to lead the market during the forecast period. This demand can be attributed to the high economic growth and heavy investments in the automotive and electronics sectors. Particularly, emerging economies, such as China and India, have made Asia-Pacific a huge market for battery separators. Additionally, government support and an increase in purchasing power of the population in this region are likely to generate the market for battery separators.
Some of the leading players in this market include Shanghai Energy New Materials Technology Co., Ltd. (China), Asahi Kasei Corporation (Japan), SK ie Technology (South Korea), Toray Industries, Inc. (Japan), and Sinoma Science & Technology Co., Ltd. (China), among others.
Shanghai Energy New Materials Technology Co., Ltd., also known as SEMCORP, is one of the major players in the global battery separators market. The company produces wet process separators and coated separators for lithium-ion batteries. In May 2022, Shanghai Energy New Materials Technology Co., Ltd. (SEMCORP) announced its plan to invest USD 916 million in the first North American facility to manufacture lithium-ion battery separator film in Sidney, Ohio. In September 2021, Shanghai Energy and Asahi Kasei's wholly-owned subsidiary Polypore International, LP agreed to establish a joint venture named Jiangxi Enpo New Materials Co., Ltd. in China. This development enabled the production of high-quality, high-performance dry-process separators in China for lithium-ion batteries.
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Another important player in the global battery separators market is Asahi Kasei Corporation. The company has a wide global presence in all regions, including North America, Europe, Asia, South America, and Oceania. Asahi Kasei significantly focuses on its material business segment, as it generates more than 40% of its revenue. Battery separators are offered through the material segment under environmental solutions. The company manufactures lithium-ion battery separators (Hipore and Celgard) and Daramic lead-acid separators. These separators are mainly used in automotive, laptops, smartphones, and other consumer electronics applications.
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