In 2032, the lithium ion battery separators market is projected to generate US$ 3,256.7 Million while growing at a CAGR of 7.2%. In 2022, the market is anticipated to be worth US$ 1,624.9 Million. Lithium ion batteries are anticipated to be used extensively throughout the transition from fuel-based to zero-emission electric cars. Automobiles, storage technologies, and consumer electronics will all experience exponential expansion during the coming ten years. The market saw a growth rate of 5.3% between 2016 and 21.
The Lithium ion battery separator shutdowns the mechanism of the battery when abnormal heat generation occur with the battery cell. Lithium ion battery separators are also used to prevent physical contact between anode and cathode while facilitating ion transport thereby preventing short circuit and increasing reliability of the lithium ion battery. Lithium ion battery separator are primarily manufactured from non-woven fiber, polymer films and ceramic material, where porous membrane are commonly used with these materials in manufacturing of lithium ion battery separator due its low manufacturing cost, prevent mixing of chemicals and improved mechanical properties.
Key manufacturers of the market are shifting from use of polymer separator to ceramic coated lithium coated lithium ion battery separators which improved life cycle and increase the performance of lithium ion battery.
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Global Lithium Ion Battery Separator: Market Dynamics
Due to stringent government regulations on automotive and industrial sector for carbon emission due to which manufacturers are shifting towards lithium ion battery in automobiles and for industrial applications which lead to the growth of lithium ion battery separator market. Growing consumption of smartphones, tablets and electronics products are positively impacting the growth of lithium ion battery separator market, globally.
Global automotive manufactures are more focus on manufacturing vehicles that utilize electric drivetrains, plug-in hybrid electric vehicles, including battery electric vehicles and hybrid electric vehicles which also leads to the growth of lithium ion separator market.
Low heat resistance of the separator leads to the melting of separator results in shut down of the battery and safety concerns associated with the use of polyolefin separator are restraining the growth of global lithium ion battery market. To overcome such restraints key manufacturers of market are increasing porosity of the membrane and using composite materials in manufacturing of separator which improves the safety and reliability of the battery.
Global Lithium Ion Battery Separator Market: Key Players
The key players of lithium ion battery separator includes Asahi Kasei Group, Daramic, Entek International LLC, Targray Technology International Inc., Freudenberg & Co. KG, Mitsubishi Plastics Inc., TEIJIN Limited, Porous Power Technologies LLC, UBE Industries Ltd., W-Scope Corporation, SK Innovation Co Ltd, Celgard LLC and Sumitomo Chemical Company Limited
Research and development department of manufacturing companies are focusing on reducing the thickness of separator by using nonwoven materials and increasing thermal stability & wettability by using composite separators. Key players of the market such as Ube Industries, SK Innovation etc. are expanding their production capacities in foreign regions to strengthen their global presence.
The lithium ion battery separator market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, and geographies.
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Global Lithium Ion Battery Separator Market: Segmentation
Global lithium ion battery separator market is segmented based on material used, by temperature resistance, by thickness, by porosity of separator and by region
The global lithium ion battery separator market is segmented based on material used:
- Polypropylene (PP)
- Polyethylene (PE)
- Others ( nanofibers and microfibers materials )
The global lithium ion battery separator market is segmented based on temperature resistance:
- 10 oC -25 oC
- 130 oC-135 oC
The global lithium ion battery separator market is segmented based on thickness: