Battery Separator Market Size, Application Potential, By Product, 2019-2025
The Battery Separators Market is
rapidly growing owing to the increasing demand for consumer electronics and
automobile in the developing regions. Battery separators are a class of
permeable membranes that acts as a barrier between the anode and the cathode in
a battery thereby preventing electrical short circuits and efficient and better
flow of current. These battery separators substantially impact the performance,
power density and extends the shelf life of the batteries.
The growing economic prosperity in the Asia
Pacific region has resulted in a surge of smart phones and other consumer
electronics demand. This in turn is anticipated to positively impact the
overall battery separators market size during the assessment period. According
to the United Nations, The Economic and Social Commission for Asia and the
Pacific (ESCAP), the global internet retailing market share of Asia Pacific
will reach 48.5% of the global total in 2021 compared with 47.2% in 2017.
Moreover, the growing research and development activities in the consumer
electronics market shall further boost the demand for battery separator
throughout the forecast period.
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Additionally,
the increasing use of innovative battery materials coupled with the growing
inclination towards the usage of battery energy storage systems (BESS) is
anticipated to open up new opportunities in the global battery separators
market by the end of the forecast period. However, safety issued regarding the
use of batteries in varied applications can act as a major restraint to the
growth of the global battery separators market during the review period.
In terms
of battery type, the global battery separators market has been segmented into
lithium-ion and lead acid batteries. Lithium-ion batteries are rechargeable
batteries that are widely used in portable electronic devices whereas lead acid
batteries are extensively employed in passenger and heavy duty vehicles. Among
the various battery types, lithium-ion battery segment was the dominant segment
in 2018 and is projected to show the same trend throughout the forecast period.
The growing demand for lithium-ion batteries in electric vehicles coupled with
the growing innovation in the portable consumer electronics segment is
anticipated to generate substantial gains throughout the given period
2019-2025.
In terms of materials, the global
battery separators market has been segmented into non-woven fibers, polymer
films and ceramic embedded. The non-woven fibers are further classified into
cotton, nylon, whereas the polymer films are further classified into polyethylene
(PE), polypropylene (PP) and polyvinylchloride (PVC). Among the aforementioned
segments of the global battery separators market, polypropylene segment is
anticipated to generate substantial revenue during the forecast period.
Polypropylene are versatile polymers that can be used in various applications
including consumer electronics, automotive and others.
In terms of applications, the global
battery separators market has been segmented into automotive, consumer
electronics, power storage systems, construction equipment and others. The
automotive and consumer electronics were the leading segments in 2018 and is
projected to exhibit the same trend during the assessment period. The growing
demand for passenger cars across the globe along with the increasing research
and development expenditure in the development of electric cars is set to
augment the growth of the segment throughout the forecast period.
Asia Pacific is estimated to grow at a
significant CAGR in the battery separators market mainly due to rising
disposable income coupled with the growing demand for automobiles mainly in
developing countries such as China, India, and Japan among others. According to
OICA, the global automobile production stood at 95.6 million units in 2018
which is a significant growth over 84.2 million units registered in 2012.
Furthermore, the growing penetration of electrical vehicles in the region along
with favorable regulations in Europe and North Ameroca is projected further
propel the battery separators market growth during the assessment period.
Some of
the key market players in battery separators market include Toray Industry,
Asahi Kasei, SK Innovation, Freudenberg, Entek International, W-Scope
Industries, Ube Industries, Sumitomo Chemical, Dreamweaver International,
Targray and Bernard Dumas among others.
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Battery Separator Market Size, Application Potential, By Product, 2019-2025
Reviewed by GMI
on
July 19, 2019
Rating:
Reviewed by GMI
on
July 19, 2019
Rating:
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