According to the latest report by IMARC Group, titled “Lithium-Ion Battery Separator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global lithium-ion battery separator market report. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global lithium-Ion battery separator market size reached US$ 6.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 11.5 Billion by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028.
A lithium-ion battery separator is a thin, porous membrane that prevents electrical short circuits by physically separating the anode and cathode. It is moisturized by an electrolyte that acts as a catalyst for the passage of ions inside the battery. It primarily focuses on facilitating ion transport in the cell while providing a barrier between two electrodes. It is manufactured from non-woven fibers, polymer films, and ceramic materials that offer chemical stability, excellent mechanical properties, and cost-effectiveness. As a result, lithium-ion battery separator finds extensive applications in industrial, automotive, and consumer electronics sectors across the globe.
The global lithium-ion battery separator market is primarily driven by the rising adoption ofelectric vehicles (EVs). Moreover, the development of stable and safe lithium-ion batteries coated with polyolefins and ceramic oxides to prevent shrinkage and particle penetration is positively influencing the market growth. Additionally, the rising product demand due to its higher resistance to electrical short circuits, strength, chemical permeability, and safety is another major growth-inducing factor.
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Besides this, the implementation of numerous favorable government initiatives to reduce carbon emissions has catalyzed market growth. Furthermore, the escalating demand for consumer electronics, such as smartphones, tablets, and laptops, is contributing to market growth. Other factors, including ongoing research and development (R&D) activities, miniaturization of lithium-ion batteries, improvements in separator design, and rapid growth in the automotive industry, are also anticipated to drive the market further.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Asahi Kasei Corporation, Beijing SOJO Electric Co. Ltd., Cangzhou Mingzhu Plastic Co. Ltd., ENTEK International LLC, Mitsubishi Paper Mills Limited (Oji Paper Co. Ltd.), Shanghai Energy New Materials Technology Co. Ltd., SK Innovation Co. Ltd., Sumitomo Chemical Co. Ltd., Teijin Limited, Toray Industries Inc., UBE Corporation and W-SCOPE Corporation
The report has been segmented the market into following categories:
Breakup by Material:
- Polypropylene (PP)
- Polyethylene (PE)
Breakup by Thickness:
Breakup by End User:
- Consumer Electronics
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment
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