Lithium Ion Battery Separator Market Size, Growth Analysis Report, Forecast to 2032
In 2032, the lithium ion battery separators market is projected to generate US$ 3,256.7 Million while growing at a CAGR of 7.2%. In 2022, the market is anticipated to be worth US$ 1,624.9 Million. Lithium ion batteries are anticipated to be used extensively throughout the transition from fuel-based to zero-emission electric cars.
Automobiles, storage technologies, and consumer electronics will all experience exponential expansion during the coming ten years. The market saw a growth rate of 5.3% between 2016 and 21.
The Lithium ion battery separator shutdowns the mechanism of the battery when abnormal heat generation occur with the battery cell. Lithium ion battery separators are also used to prevent physical contact between anode and cathode while facilitating ion transport thereby preventing short circuit and increasing reliability of the lithium ion battery.
Lithium ion battery separator are primarily manufactured from non-woven fiber, polymer films and ceramic material, where porous membrane are commonly used with these materials in manufacturing of lithium ion battery separator due its low manufacturing cost, prevent mixing of chemicals and improved mechanical properties.
Key manufacturers of the market are shifting from use of polymer separator to ceramic coated lithium coated lithium ion battery separators which improved life cycle and increase the performance of lithium ion battery.
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Global Lithium Ion Battery Separator Market: Key Players
The key players of lithium ion battery separator includes Asahi Kasei Group, Daramic, Entek International LLC, Targray Technology International Inc., Freudenberg & Co. KG, Mitsubishi Plastics Inc., TEIJIN Limited, Porous Power Technologies LLC, UBE Industries Ltd., W-Scope Corporation, SK Innovation Co Ltd, Celgard LLC and Sumitomo Chemical Company Limited
Research and development department of manufacturing companies are focusing on reducing the thickness of separator by using nonwoven materials and increasing thermal stability & wettability by using composite separators. Key players of the market such as Ube Industries, SK Innovation etc. are expanding their production capacities in foreign regions to strengthen their global presence.
Global Lithium Ion Battery Separator Market: Segmentation
The global lithium ion battery separator market is segmented based on material used:
Polypropylene (PP)
Polyethylene (PE)
Nylon
Others ( nanofibers and microfibers materials )
The global lithium ion battery separator market is segmented based on temperature resistance:
10 oC -25 oC
130 oC-135 oC
The global lithium ion battery separator market is segmented based on thickness:
16µm
20µm
25µm
Global Lithium Ion Battery Separator Market: Region-wise outlook
Growing demand of smart phones and tables in developing countries of Asia Pacific such as India and China. This rise in demand lead to boost the consumption of portable batteries results in the growth of lithium ion battery separator market, globally.
Japan holds the maximum share in the global lithium ion battery separator market followed by North America. Whereas significant growth lies Western Europe for coming years. In addition Middle East and Africa and Eastern Europe holds the minimum share in lithium ion battery separator market.
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