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Battery Separators Market worth $13.0 billion by 2028 – At a CAGR of 15.7%

Published: March 1, 2024
Author: TEXTILE VALUE CHAIN

As per the recently published report by MarketsandMarkets™, 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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  • 221 Market data Tables
  • 50 Figures
  • 218 Pages and in-depth TOC on “Battery Separators Market – Global Forecast to 2028”

This report also provides a comprehensive analysis of the companies listed below:

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.

Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Activated Carbon Fiber Market.

Recent Developments in Battery Separators Market Industry

  1. In October 2023, Asahi Kasei is set to expand its coating capacity for lithium-ion battery (LIB) separators, with the aim of meeting the increasing demand for electric vehicles, particularly in North America. The expansion will raise the company’s coating capacity to approximately 1.2 billion m2/year, enabling the supply of coated separators for batteries equivalent to 1.7 million electric vehicles. This investment is part of Asahi Kasei’s strategy to strengthen its LIB separator supply infrastructure for automotive applications and to support the significant growth in electric vehicle production, especially in North America. The expansion will involve the installation of new coating lines at existing Asahi Kasei facilities in the US, Japan, and South Korea, with the start-up scheduled in succession from the first half of fiscal year 2026.
  2. In December 2023, Solvay has finalized an agreement with the U.S. Department of Energy grant to build a facility in Augusta, GA, to manufacture battery-grade PVDF, which is used as a lithium-ion binder and separator coating in electric vehicle batteries. The facility, expected to be operational in 2026. This agreement will significantly strengthen Solvay’s position in the battery separator market.
  3. In January 2022, ENTEK acquired AEF, a leading provider of material handling systems. Building both extrusion and material handling equipment, ENTEK expanded its manufacturing capabilities in its recently completed facility in Henderson, NV, offering the required space and resources to support the expansion of the merged businesses.

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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 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.

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. 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.

Polyethylene, by material, is expected to account for the largest segment during the forecast period.

Based on material, polyethylene is expected to account for the largest segment during forecast period in terms of value.
Polyethylene is widely used in various applications such as shopping bags, food wraps, detergent bottles, batteries, and fuel tanks. Among these, polyethylene’s major contribution lies in the manufacturing of battery separators. Thus, the significant growth related for the polyethylene, in turn, is leading to the surge in battery separators market.

Asia Pacific is projected to register the largest market share during the forecast period.

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 are likely to propel battery separators market.

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