Battery Separators Market Size to Reach USD 16810 Million by 2026 at CAGR 12.7% - Valuates Reports

BANGALORE, India, April 12, 2021 /PRNewswire/ -- The Battery Separators Market is Segmented by Type (Polymer, Ceramics, Others), by Application (LiB Battery, Lead-Acid Battery, Others). The report covers global opportunity analysis and industry forecast from 2021 to 2026. It is published on Valuates Reports in the Power Supplies Category.

The global Battery Separator market was valued at USD 7214.4 Million in 2019 and it is expected to reach USD 16810 Million by the end of 2026, growing at a CAGR of 12.7% during the forecast period 2021-2026.

Major factors driving the growth of battery separator market size are:

• Rising vehicle electrification, growth in sales of smart electronic devices, and improvement in Li-ion batteries.
• Policies introduced by various governments to encourage the adoption of electric vehicles and reduce carbon emissions.
• Growing adoption of battery backed energy storage systems.

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TRENDS INFLUENCING THE BATTERY SEPARATOR MARKET SIZE

Increasing adoption of EV is expected to increase the growth of battery separator market size. The adoption of EV is facilitated by environmental concerns and increased GHG emissions. Furthermore, various governments are introducing policies to encourage the adoption of electric vehicles. All these factors are expected to drive market growth.

Improvement in lithium-ion batteries, along with advances in battery technology, is expected to provide lucrative growth opportunities for the battery separator market size.

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BATTERY SEPARATOR MARKET SHARE ANALYSIS

On the basis of product type, Polymer represents the largest share of the worldwide Battery Separator market, with 82% share. Polymer separators typically increase the resistance of the electrolyte by a factor of four to five.

In the applications, the LiB Battery segment is estimated to be the largest end-use industry segment of the market, with an 88% share of the global market. Growing demand for electric vehicles (EVs) and grid storage as it offers high-energy density solutions and lightweight are expected to propel the LiB battery segment growth.

China holds the major share in the market, with a share of 45%. The increasing demand for consumer electronics and electric vehicles is expected to contribute to the regional market's development.

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BATTERY SEPARATOR MARKET SEGMENTS

Battery Separators Market by Type

• Polymer
• Ceramics
• Others

Battery Separators Market by Application

• LiB Battery
• Lead-Acid Battery
• Others

Top Players in the Battery Separators Industry

• Celgard
• Microporous
• Dreamweaver
• Entek
• Evonik
• SK Innovation
• Toray
• Asahi Kasei
• UBE Industries
• Sumitomo Chem
• Mitsubishi Chemical
• Teijin
• Nippon Shokubai
• W-SCOPE
• Semcorp
• Senior Technology Material
• Jinhui Hi-Tech
• Zhongke Science & Technology
• Cangzhou Mingzhu
• Sinoma Science & Technology
• ZIMT
• Tianfeng Material
• DG Membrane Tech (SOJO Group)
• Newmi-Tech
• Hongtu LIBS Tech
• Gellec
• Zhenghua Separator
• Huiqiang New Energy
• Others

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