BCC Research provides essential insights into current and
future developments in the battery separators sector, covering key
players, technological advancements, and market dynamics. This
report helps stakeholders navigate and capitalize on opportunities
in this critical industry.
BOSTON, July 26,
2024 /PRNewswire/ -- "According to the latest BCC
Research study, the demand for "Battery Separators: Global
Markets" is expected to grow from $8.1
billion in 2024 and is projected to reach $19.0 billion by the end of 2029, at a compound
annual growth rate (CAGR) of 18.6% during the forecast period of
2024 to 2029."
A comprehensive market report on battery separators provides an
in-depth analysis of the global market, segmented by battery type,
separator type, separator material type, separator manufacturing
technology, and end users. It delves into the technological
advancements, regulatory landscapes, and current market status of
leading players, while also examining market dynamics and
prevailing industry trends. The report includes a detailed patent
analysis and explores the latest ESG developments within the
industry, highlighting emerging technologies and the significant
impact of the Russia-Ukraine war on market conditions for battery
separators, excluding next-generation advanced batteries.
Additionally, it offers a thorough regional analysis covering
North America, Europe, Asia-Pacific, and the Rest of the World,
including South America, the
Middle East, and Africa. Market values are reported in millions
of U.S. dollars, with 2023 as the base year and 2024 as the
estimated year, projecting forecasts for the subsequent five years
through 2029. All market values are presented in nominal terms.
Concluding the report, detailed company profiles of the top
manufacturers in the global market provide strategic insights and a
comprehensive overview of the competitive landscape, making this
report an invaluable resource for understanding the current and
future state of the battery separators market.
The battery separators study is essential because the growing
demand for batteries, particularly in areas such as renewable
energy storage and electric vehicles, has outpaced local suppliers'
ability to supply separators. The ongoing advancement of technology
in battery design and production methods may encourage enterprises
to pursue specialty separators that are difficult to obtain
domestically. Purchasing separators from countries with lower
manufacturing costs might result in lower prices compared to
domestic equivalents, potentially leading to significant cost
savings.
Please click here for more details on "The Global
Market for Battery Separators Report."
The following factors drive the global market for battery
separators:
Increasing Adoption of Lithium-ion Batteries in Renewable
Energy Sector: Lithium-ion batteries are increasingly used in
renewable energy systems due to their high energy density, long
lifespan, and efficient energy storage capabilities. As the demand
for clean energy sources rises, these batteries are becoming
essential for solar power storage, wind energy, and grid
stabilization. Battery separators play a crucial role in ensuring
these batteries' safety and optimal performance by mechanically
separating the anode and cathode.
Increasing Sales of Electric Vehicles (EVs): Electric
vehicles (EVs) significantly rely on lithium-ion batteries, making
them a major market for battery separators. As EV adoption
increases, so does the demand for separators to enhance battery
safety, performance, and longevity. These separators prevent short
circuits, maintain ionic conductivity, and protect against thermal
runaway, which is vital for the success of EVs.
Consumer Electronics Industry Support: Battery separators
are crucial components in consumer electronics like smartphones,
laptops, and wearables. As the consumer electronics industry seeks
improved battery performance, the demand for separators grows.
These separators ensure efficient energy transfer and prevent
overheating or fires, which is essential as devices become more
power-hungry.
Request a Sample Copy of the global market for battery
separators report.
Report Synopsis
Report
Metrics
|
Details
|
Base year
considered
|
2023
|
Forecast Period
considered
|
2024-2029
|
Base year market
size
|
$7.2 billion
|
Market Size
Forecast
|
$19.0
billion
|
Growth rate
|
CAGR of 18.6% for the
forecast period of 2024-2029
|
Segment
Covered
|
Battery Type, Separator
Type, Separator Material Type, Separator Manufacturing Technology,
End Users, and Region
|
Regions
covered
|
North America, Europe,
Asia-Pacific, and Rest of the World (RoW)
|
Countries
covered
|
China, India, Japan,
South Korea, the U.S., Canada, Mexico, Germany, U.K, and
France
|
Key Market
Drivers
|
• Increasing
Adoption of Lithium-ion Batteries in Renewable Energy
Sector.
• Increasing
Sales of Electric Vehicles will Spur the Demand for Battery
Separators.
• Consumer
Electronics Industry is Providing Bilateral Support to the Battery
Separators Market.
|
Key Interesting Facts About the global market for battery
separators:
- In 2023, battery manufacturing reached 2.5 TWh, with 780
GWh of capacity added compared to 2022.
- The capacity added in 2023 was over 25% higher than in 2022
(International Energy Agency).
- Global sales of electric cars in 2023 neared 14 million,
accounting for 18% of all vehicles sold, up from 14% in 2022.
- Electric car sales in 2023 saw a 35% year-on-year increase,
with 3.5 million more cars sold compared to 2022 (International
Energy Agency).
- The U.S., China,
Germany, and the U.K.
dominate the market for battery separators, making up more than 85%
of the global market.
The global market for battery separators report includes
in-depth data and analysis addressing the following important
queries:
- What is the projected market size and growth rate of the
market?
- The global battery separators market was valued at
$7.2 billion in 2023 and will reach
$18.9 billion by 2029 with
a CAGR of 18.6%.
- What are the key factors driving the growth of the
market?
- Increasing Adoption of Lithium-ion Batteries in
Renewable Energy Sector. Increasing Sales of Electric Vehicles will
Spur the Demand for Battery Separators. Consumer Electronics
Industry is Providing Bilateral Support to the Battery Separator
Market.
- What segments are covered in the market?
- The
battery separators market is segmented based on battery type,
separator type, material, technology, end-user, and region.
- Which segment will dominate the market by the end of 2029 by
Battery Type?
- The lithium-ion battery segment will
dominate the market by 2029.
- Which region has the highest market share in the
market?
- Asia-Pacific
holds the highest share of the global market.
Some of the Key Market Players Are:
- AHLSTROM
- ASAHI KASEI CORP.
- BERNARD DUMAS
- ENTEK INTERNATIONAL LLC.
- FREUDENBERG PERFORMANCE MATERIALS GMBH & CO. KG
- HOLLINGSWORTH & VOSE
- MITSUBISHI PAPER MILLS LTD.
- SENIOR LLC.
- SINOMA SCIENCE & TECHNOLOGY CO. LTD.
- SK IE TECHNOLOGY CO. LTD.
- SUMITOMO CHEMICAL CO. LTD.
- TEIJIN LTD.
- TORAY BATTERY SEPARATOR FILM KOREA LTD.
- UBE CORP.
- W-SCOPE CORP.
- YUNNAN ENERGY NEW MATERIAL
CO. LTD. (SEMCORP)
Browse More Related Report:
Hydrogen Storage: Materials, Technologies, and Global
Markets: This report offers a comprehensive analysis of
hydrogen storage technologies, encompassing various materials,
storage media, and technologies utilized to store hydrogen for
energy purposes. The global hydrogen storage market is segmented by
storage type, end-user, and region, providing detailed insights
into each segment. Additionally, the report examines the
competitive landscape, including a market share analysis of leading
companies and their ESG (environmental, social, and governance)
practices. Revenue generated from hydrogen storage services is
included; however, the cost of storage tanks and vessels, energy
storage solution providers (such as battery storage), and
consulting and training services related to hydrogen storage
technologies are beyond the scope of this report.
Global Electrical Vehicle Battery Market: This
report analyzes the global electric vehicle battery market, using
2022 as the base year and providing estimates from 2023 to 2028. It
includes insights on market drivers and opportunities, considering
factors like COVID-19 and the Russia-Ukraine war. The report covers battery type,
propulsion, vehicle type, method, battery capacity, battery form,
and material type, offering both qualitative and quantitative data.
It estimates each segment's market size and CAGR. Additionally, it
profiles significant electric vehicle battery players, their
strategies, and the 2022 competitive landscape.
Directly Purchase a copy of the
report with BCC Research.
For further information or to make a purchase, please get in
touch with info@bccresearch.com.
About BCC Research
BCC Research provides objective, unbiased measurement and
assessment of market opportunities with detailed market research
reports. Our experienced industry analysts' goal is to help you
make informed business decisions, free of noise and hype.
Contact Us
Corporate HQ: 50 Milk St. Ste
16, Boston, MA 02109,
USA
info@bccresearch.com,
+1
781-489-7301
For media inquiries, email press@bccresearch.com or visit
our media page for access to our market research library.
Data and analysis extracted from this press release must be
accompanied by a statement identifying BCC Research LLC as the
source and publisher.
Logo -
https://mma.prnewswire.com/media/2183242/BCC_Research_Logo.jpg
View original content to download
multimedia:https://www.prnewswire.com/news-releases/global-battery-separator-market-dominated-by-us-china-germany-and-uk-accounting-for-over-85-market-share-302207029.html
SOURCE BCC Research LLC