How Big Is The Lithium-Ion Battery Separator Market?
IMARC Group, a leading market research company, has recently releases report titled “Lithium-Ion Battery Separator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The global lithium ion battery separator market size reached US$ 6.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.5 Billion by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028.
What are Lithium-Ion Battery Separator?
A lithium-ion (Li-ion) battery separator is a thin, porous, and insulating material that physically separates the positive and negative electrodes within a lithium-ion battery cell. It is made from various materials, including polyethylene (PE), polypropylene (PP), and ceramic-coated separators. It serves as a barrier to prevent direct electrical contact between the electrodes while allowing the flow of lithium ions throughout charging and discharging cycles. It helps to minimize electrode degradation, resulting in longer-lasting batteries with improved cycling capabilities. It also optimizes ion transport, reduces internal resistance, and improves energy density, charge-discharge rates, and overall battery efficiency.
What Are The Growth Prospects And Trends In The Lithium-Ion Battery Separator Industry?
At present, the increasing demand for Li-ion battery separators as they act as a barrier between electrodes, minimizing the risk of short circuits and preventing potential thermal runaway, which lead to battery fires or explosions, represents one of the crucial factors impelling the growth of the market. In addition, the growing purchase of electric vehicles (EVs) as they are sustainable and reduce the dependence on fossil fuels is offering a favorable market outlook. Besides this, the rising utilization of smartphones, tablets, laptops, and wearable devices is contributing to the growth of the market. Additionally, the increasing demand for lithium-ion batteries in energy storage systems and grid-level applications is supporting the growth of the market.
Who Are The Key Players Operating In The Industry?
The report covers the major market players including:
- 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.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Material:
- Polypropylene (PP)
- Polyethylene (PE)
- Nylon
- Others
Breakup by Thickness:
- 16µm
- 20µm
- 25µm
Breakup by End User:
- Industrial
- Consumer Electronics
- Automotive
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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