Battery Separator Market Research Report

The GMI Research forecasts that the battery separator market is witnessing an upsurge in demand during the forecast period. This is mainly due to several investments in the R&D activities for bringing new advancements and strong demand for electric vehicles (EVs), smartphones, and other electrical devices.

Top Manufacturers in the Battery Separator Market:

·        Toray Industries, Inc.

·        SK Innovation Co. Ltd

·        Asahi Kasei Corporation

·        W-Scope Corporation

·        Freudenberg

·        Entek

·        Dreamweaver International

·        UBE Industries, Ltd.

·        Bernard Dumas

·        Sumitomo Chemical Co., Ltd.

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Battery Separator Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The strong demand for electric vehicles (EVs), smartphones, and other electrical devices is one of the key drivers surging the growth of the global battery separators market. Various governments globally are offering incentives and subsidies to phase out the internal combustion engine vehicles. Moreover, several investments in the R&D activities for bringing new advancements will further boost the growth of the market. For example, SK Innovation company entered into a joint agreement with PolyPlus Battery Company. They later declared their investment in the research & development of conductive glass separators by PolyPlus. Furthermore, manufacturers emphasize on batteries, which are electrolytes based on solid materials apart from lithium-ion batteries with liquid electrolytes into the battery. There has been a drastic growth in the number of warehouses for the efficient handling of goods due to the increasing e-commerce and logistics industry, thereby boosting the demand for material handling equipment. All these factors will fuel the growth of the global battery separators market. In addition to this, decreasing prices of lithium-ion batteries due to the enhancing economies of scale and hassle-free government norms, will further bolster the growth of the global battery separators market.

Battery Type Segment Drivers

On the basis of the battery type, the market is further segmented into lithium-ion (Li-Ion), lead-acid, and others. The lithium-ion segment is expected to grow at a higher CAGR during the forecast period due to its increasing usage in electric vehicles (EVs). The rising adoption of electric vehicles in the commercial and passenger cars segment across the globe will further energize the demand during the forecast period.

Regional Drivers

Based on the region, the Asia-Pacific region is projected to grow at a higher CAGR during the forecast period as the APAC region is becoming a hub for automobile manufacturers and the OEM market. Increasing use of battery separators for various industrial applications, followed by the growing consumer electronics industry, will further accelerate the market growth in the Asia-Pacific region.

Battery Separator Market Segmentation:

Segmentation by Battery Type:

·        Lithium Ion (Li-Ion)

·        Lead Acid

·        Others

Segmentation by End-Use Industry:

·        Automotive

·        Consumer Electronics

·        Industrial

·        Others

Segmentation by Material:

·        Polypropylene

·        Polyethylene

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a leading market research company that offers market research reports for every industry. Our research teams have seasoned analysts and researchers and are always looking for industry-leading research techniques to create all-encompassing research reports. GMI Research's extensive global network allows it to collect relevant information about the industry on a regional as well as country-level basis. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of sectors. We provide step-by-step assistance to our clients through strategic and consulting services to reach a managerial and actionable decision. Our market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, major factors impacting the market growth, and various market insights to aid companies to make strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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