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Lithium-Ion Battery Separator Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 120
  • SKU: IRTNTR46675
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The lithium-ion battery separator market share is expected to increase by USD 2.11 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11%.

This lithium-ion battery separator market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers lithium-ion battery separator market segmentations by application (automotive and non-automotive) and geography (APAC, Europe, North America, MEA, and South America). The lithium-ion battery separator market report also offers information on several market vendors, including Asahi Kasei Corp., Entek International LLC, Mitsubishi Electric Corp., SK Innovation Co. Ltd., Sumitomo Chemical Co. Ltd., TDK Corp., Teijin Ltd., Thermo Fisher Scientific Inc., Toray Industries Inc., and Ube Industries Ltd. among others.

What will the Lithium-Ion Battery Separator Market Size be During the Forecast Period?

Lithium-Ion Battery Separator Market Size

Download the Free Report Sample to Unlock the Lithium-Ion Battery Separator Market Size for the Forecast Period and Other Important Statistics

"The Made in China 2025 policy of China aims to shift the country's manufacturing sectors, such as robotics, aerospace, and EVs, to higher value-added sectors with the adoption of industrial upgrading strategies."

Lithium-Ion Battery Separator Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The steady demand growth of smart devices is notably driving the lithium-ion battery separator market growth, although factors such as safety concerns due to separator inefficiency may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the lithium-ion battery separator industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Lithium-Ion Battery Separator Market Driver

The steady demand growth of smart devices is one of the key drivers supporting the lithium-ion battery separator market growth. The increase in internet penetration, disposable income, and spending power of the consumer supports the steady growth of smart devices. Smartphones and other devices are available at affordable prices due to the entry of Chinese manufacturers in the emerging markets of the world. In addition, increasing health awareness among consumers has fueled the adoption of smart wearable devices. Smart devices use lithium-ion batteries as the power source due to their high energy density and low discharge rate. Lithium-ion batteries have become the primary choice for powering smart devices due to their compactness and performance. With the continuous growth of the consumer electronics market, the demand for lithium-ion batteries will rise. This will drive the global lithium-ion battery (LIB) separator market during the forecast period.

Key Lithium-Ion Battery Separator Market Trend

The high uptake rate of the wet separator from the automotive industry is one of the key trends contributing to the lithium-ion battery separator market growth. Lithium-ion battery separators are available in two types such as dry and wet separators. A dry separator consists of three layers of polyethylene or polypropylene, while a wet separator can be prepared using a single layer. Therefore, the wet separator is comparatively thinner and stronger and predominantly used in consumer electronics applications. The growing need for increasing the driving range of EVs and PHEVs increases the adoption of wet separators for lithium-ion batteries in the automotive industry. They also improve the energy density of lithium-ion batteries. Moreover, the safety concerns associated with the use of nickel cathode in lithium-ion batteries are being addressed by using special ceramic coatings to the wet separators, which will result in increased heat resistance of the batteries. Such an increasing demand for wet separators will drive market growth during the forecast period.

Key Lithium-Ion Battery Separator Market Challenge

Safety concerns due to separator inefficiency is one of the factors hampering the lithium-ion battery separator market growth. Lithium-ion batteries are widely used in all kinds of electronic devices and automotive due to their high energy density and superior electrochemical performance over traditional batteries. Meanwhile, the separators play a very vital role in it, as it intermediates the flow of lithium ions between the electrodes through its pores during the process of charging and discharging. They do not take part in the cell reactions, but their physical properties determine the performance of the batteries. The incidents such as cell reactions have a very low probability of occurring. However, they can turn out to be fatal in certain situations. Therefore, the separator inefficiency is one of the major safety concerns for lithium-ion batteries and, therefore, requires utmost precision. It affects the growth of the global lithium-ion battery (LIB) separator market.

This lithium-ion battery separator market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global lithium-ion battery (LIB) separator market as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the lithium-ion battery separator market during the forecast period.

Market Overview

The parent global renewable electricity market covers companies engaged in the generation and distribution of electricity using renewable sources. The global independent power and renewable electricity market size include combined revenue generated by companies involved in the generation and distribution of independent power producers, gas and power marketing and trading specialists, and/or integrated energy merchants and renewable electricity.

Who are the Major Lithium-Ion Battery Separator Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Asahi Kasei Corp.
  • Entek International LLC
  • Mitsubishi Electric Corp.
  • SK Innovation Co. Ltd.
  • Sumitomo Chemical Co. Ltd.
  • TDK Corp.
  • Teijin Ltd.
  • Thermo Fisher Scientific Inc.
  • Toray Industries Inc.
  • Ube Industries Ltd.

 

This statistical study of the lithium-ion battery separator market encompasses successful business strategies deployed by the key vendors. The lithium-ion battery separator market is fragmented and the vendors are deploying growth strategies such as increasing their production capacity to compete in the market.

Product Insights and News

  • Asahi Kasei Corp. is a public company headquartered in Japan. It is a global company generating $19,797.34 million in revenues and has around 44,497 employees. Its revenue from the global lithium-ion battery (LIB) separator market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • Asahi Kasei Corp - The company offers lithium-ion battery separator that includes Hipore Li-ion battery separator which helps in preventing  physical contact between the anode and cathode, while facilitating ion transport in the cell. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The lithium-ion battery separator market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Lithium-Ion Battery Separator Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the lithium-ion battery separator market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Lithium-Ion Battery Separator Market?

Lithium-Ion Battery Separator Market Market segmentation by region

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49% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for lithium-ion battery separator market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing disposable income of the population will facilitate the lithium-ion battery separator market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 and the measures implemented in China led to widespread economic disruptions in 2020, which delivered a hard blow to the economy of APAC. However, the rapid adoption of charging infrastructure in prominent countries in APAC such as China, India, and Japan led to an increase in the sales of EVs, which, in turn, led to a rise in the growth of the lithium-ion battery separator market in APAC in 2021, which is expected to continue during the forecast period

What are the Revenue-generating Application Segments in the Lithium-Ion Battery Separator Market?

Lithium-Ion Battery Separator Market Segmentation

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The lithium-ion battery separator market share growth by the automotive segment will be significant during the forecast period. Lead-acid batteries have been primarily used in the automotive industry. However, these are being gradually replaced by lithium-ion batteries because of their superior performance. Other vehicles such as golf carts are also extensively using lithium-ion batteries as these are lightweight and have a low environmental footprint. These factors have resulted in high uptake for lithium-ion batteries from the automotive sector and, eventually, is driving the growth of the market for the automotive industry. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the lithium-ion battery separator market size and actionable market insights on post COVID-19 impact on each segment.

 

Lithium-Ion Battery Separator Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11%

Market growth 2022-2026

$ 2.11 billion

Market structure

Fragmented

YoY growth (%)

10.12

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 49%

Key consumer countries

China, US, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Asahi Kasei Corp., Entek International LLC, Mitsubishi Electric Corp., SK Innovation Co. Ltd., Sumitomo Chemical Co. Ltd., TDK Corp., Teijin Ltd., Thermo Fisher Scientific Inc., Toray Industries Inc., and Ube Industries Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Lithium-Ion Battery Separator Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive lithium-ion battery separator market growth during the next five years
  • Precise estimation of the lithium-ion battery separator market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the lithium-ion battery separator industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of lithium-ion battery separator market vendors

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1. Executive Summary                           

                1.1 Market Overview

                                Exhibit 01:  Executive Summary – Chart on Market Overview

                                Exhibit 02:  Executive Summary – Data Table on Market Overview

                                Exhibit 03:  Executive Summary – Chart on Global Market Characteristics

                                Exhibit 04:  Executive Summary – Chart on Market by Geography

                                Exhibit 05:  Executive Summary – Chart on Market Segmentation by Type

                                Exhibit 06:  Executive Summary – Chart on Incremental Growth

                                Exhibit 07:  Executive Summary – Data Table on Incremental Growth

                                Exhibit 08:  Executive Summary – Chart on Vendor Market Positioning

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 09:   Parent market

                                Exhibit 10:  Market Characteristics

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 11:   Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 12:   Market segments

                3.3 Market size 2021 

                3.4 Market outlook: Forecast for 2021 - 2026 

                                Exhibit 13:  Chart on Global - Market size and forecast 2021-2026 ($ million)

                                Exhibit 14:  Data Table on Global - Market size and forecast 2021-2026 ($ million)

                                Exhibit 15:  Chart on Global Market: Year-over-year growth 2021-2026 (%)

                                Exhibit 16:  Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 17:  Five forces analysis 2021 and 2026

                4.2 Bargaining power of buyers           

                                Exhibit 18:  Chart on Bargaining power of buyers

                4.3 Bargaining power of suppliers       

                                Exhibit 19:  Chart on Bargaining power of suppliers

                4.4 Threat of new entrants    

                                Exhibit 20:  Chart on Threat of new entrants

                4.5 Threat of substitutes         

                                Exhibit 21:  Chart on Threat of substitutes

                4.6 Threat of rivalry   

                                Exhibit 22:  Chart on Threat of rivalry

                4.7 Market condition

                                Exhibit 23:  Chart on Market condition - Five forces 2021 and 2026

5. Market Segmentation by Application                       

                5.1 Market segments

                                The segments covered in this chapter are Automotive and Non-automotive.

                                Exhibit 24:  Chart on Application - Market share 2021-2026 (%)

                                Exhibit 25:  Data Table on Application - Market share 2021-2026 (%)

                5.2 Comparison by Application             

                                Exhibit 26:  Chart on Comparison by Application

                                Exhibit 27:  Data Table on Comparison by Application

                5.3 Automotive - Market size and forecast 2021-2026 

                                Exhibit 28:  Chart on Automotive - Market size and forecast 2021-2026 ($ million)

                                Exhibit 29:  Data Table on Automotive - Market size and forecast 2021-2026 ($ million)

                                Exhibit 30:  Chart on Automotive - Year-over-year growth 2021-2026 (%)

                                Exhibit 31:  Data Table on Automotive - Year-over-year growth 2021-2026 (%)

                5.4 Non-automotive   - Market size and forecast 2021-2026      

                                Exhibit 32:  Chart on Non-automotive   - Market size and forecast 2021-2026 ($ million)

                                Exhibit 33:  Data Table on Non-automotive   - Market size and forecast 2021-2026 ($ million)

                                Exhibit 34:  Chart on Non-automotive   - Year-over-year growth 2021-2026 (%)

                                Exhibit 35:  Data Table on Non-automotive   - Year-over-year growth 2021-2026 (%)

                5.5 Market opportunity by Application              

                                Exhibit 36:  Market opportunity by Application ($ million)

6. Customer landscape                         

                6.1 Customer landscape overview      

                                Exhibit 37:  Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7. Geographic Landscape                     

                7.1 Geographic segmentation

                                The regions covered in this chapter are APAC, Europe, North America, Middle East and Africa, and South America.

                                Exhibit 38:  Chart on Market share by geography 2021-2026 (%)

                                Exhibit 39:  Data Table on Market share by geography 2021-2026 (%)

                7.2 Geographic comparison   

                                Exhibit 40:  Chart on Geographic comparison

                                Exhibit 41:  Data Table on Geographic comparison

                7.3 APAC - Market size and forecast 2021-2026              

                                Exhibit 42:  Chart on APAC - Market size and forecast 2021-2026 ($ million)

                                Exhibit 43:  Data Table on APAC - Market size and forecast 2021-2026 ($ million)

                                Exhibit 44:  Chart on APAC - Year-over-year growth 2021-2026 (%)

                                Exhibit 45:  Data Table on APAC - Year-over-year growth 2021-2026 (%)

                7.4 Europe - Market size and forecast 2021-2026          

                                Exhibit 46:  Chart on Europe - Market size and forecast 2021-2026 ($ million)

                                Exhibit 47:  Data Table on Europe - Market size and forecast 2021-2026 ($ million)

                                Exhibit 48:  Chart on Europe - Year-over-year growth 2021-2026 (%)

                                Exhibit 49:  Data Table on Europe - Year-over-year growth 2021-2026 (%)

                7.5 North America - Market size and forecast 2021-2026           

                                Exhibit 50:  Chart on North America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 51:  Data Table on North America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 52:  Chart on North America - Year-over-year growth 2021-2026 (%)

                                Exhibit 53:  Data Table on North America - Year-over-year growth 2021-2026 (%)

                7.6 Middle East and Africa - Market size and forecast 2021-2026            

                                Exhibit 54:  Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                                Exhibit 55:  Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                                Exhibit 56:  Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)

                                Exhibit 57:  Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

                7.7 South America - Market size and forecast 2021-2026           

                                Exhibit 58:  Chart on South America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 59:  Data Table on South America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 60:  Chart on South America - Year-over-year growth 2021-2026 (%)

                                Exhibit 61:  Data Table on South America - Year-over-year growth 2021-2026 (%)

                7.8 China - Market size and forecast 2021-2026             

                                Exhibit 62:  Chart on China - Market size and forecast 2021-2026 ($ million)

                                Exhibit 63:  Data Table on China - Market size and forecast 2021-2026 ($ million)

                                Exhibit 64:  Chart on China - Year-over-year growth 2021-2026 (%)

                                Exhibit 65:  Data Table on China - Year-over-year growth 2021-2026 (%)

                7.9 US - Market size and forecast 2021-2026   

                                Exhibit 66:  Chart on US - Market size and forecast 2021-2026 ($ million)

                                Exhibit 67:  Data Table on US - Market size and forecast 2021-2026 ($ million)

                                Exhibit 68:  Chart on US - Year-over-year growth 2021-2026 (%)

                                Exhibit 69:  Data Table on US - Year-over-year growth 2021-2026 (%)

                7.10 Germany - Market size and forecast 2021-2026    

                                Exhibit 70:  Chart on Germany - Market size and forecast 2021-2026 ($ million)

                                Exhibit 71:  Data Table on Germany - Market size and forecast 2021-2026 ($ million)

                                Exhibit 72:  Chart on Germany - Year-over-year growth 2021-2026 (%)

                                Exhibit 73:  Data Table on Germany - Year-over-year growth 2021-2026 (%)

                7.11 Japan - Market size and forecast 2021-2026           

                                Exhibit 74:  Chart on Japan - Market size and forecast 2021-2026 ($ million)

                                Exhibit 75:  Data Table on Japan - Market size and forecast 2021-2026 ($ million)

                                Exhibit 76:  Chart on Japan - Year-over-year growth 2021-2026 (%)

                                Exhibit 77:  Data Table on Japan - Year-over-year growth 2021-2026 (%)

                7.12 India - Market size and forecast 2021-2026            

                                Exhibit 78:  Chart on India - Market size and forecast 2021-2026 ($ million)

                                Exhibit 79:  Data Table on India - Market size and forecast 2021-2026 ($ million)

                                Exhibit 80:  Chart on India - Year-over-year growth 2021-2026 (%)

                                Exhibit 81:  Data Table on India - Year-over-year growth 2021-2026 (%)

                7.13 UK - Market size and forecast 2021-2026

                                Exhibit 82:  Chart on UK - Market size and forecast 2021-2026 ($ million)

                                Exhibit 83:  Data Table on UK - Market size and forecast 2021-2026 ($ million)

                                Exhibit 84:  Chart on UK - Year-over-year growth 2021-2026 (%)

                                Exhibit 85:  Data Table on UK - Year-over-year growth 2021-2026 (%)

                7.14 Market opportunity by geography            

                                Exhibit 86:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1 Rising demand for smart devices

                                8.1.2 Shift in the automotive industry toward Evs

                                8.1.3 Shortfalls of lead-acid batteries

                8.2 Market challenges              

                                8.2.1 Safety concerns due to separator inefficiency

                                8.2.2 Growing competition from fuel cells

                                8.2.3 Demand-supply gap of lithium

                8.3 Impact of drivers and challenges  

                                Exhibit 87:  Impact of drivers and challenges in 2021 and 2026

                8.4 Market trends      

                                8.4.1 The high uptake rate of wet separators from the automotive industry

                                8.4.2 Declining prices of lithium-ion batteries

                                8.4.3 Growing need for environment-friendly vehicles

9. Vendor Landscape                             

                9.1     Overview           

                9.2 Vendor landscape

                                Exhibit 88:  Overview on Criticality of inputs and Factors of differentiation

                9.3 Landscape disruption        

                                Exhibit 89:  Overview on factors of disruption

                9.4 Industry risks        

                                Exhibit 90:  Impact of key risks on business

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 91:  Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 92:  Matrix on vendor position and classification

                10.3 Asahi Kasei Corp.              

                                Exhibit 93:  Asahi Kasei Corp. - Overview

                                Exhibit 94:  Asahi Kasei Corp. - Business segments

                                Exhibit 95:  Asahi Kasei Corp. - Key news

                                Exhibit 96:  Asahi Kasei Corp. - Key offerings

                                Exhibit 97:  Asahi Kasei Corp. - Segment focus

                10.4 BERNARD DUMAS SAS    

                                Exhibit 98:  BERNARD DUMAS SAS - Overview

                                Exhibit 99:  BERNARD DUMAS SAS - Product / Service

                                Exhibit 100:  BERNARD DUMAS SAS - Product / Service

                10.5 Entek International LLC  

                                Exhibit 101:  Entek International LLC - Overview

                                Exhibit 102:  Entek International LLC - Product / Service

                                Exhibit 103:  Entek International LLC - Key offerings

                10.6 SK Innovation Co. Ltd.     

                                Exhibit 104:  SK Innovation Co. Ltd. - Overview

                                Exhibit 105:  SK Innovation Co. Ltd. - Business segments

                                Exhibit 106:  SK Innovation Co. Ltd. - Key offerings

                                Exhibit 107:  SK Innovation Co. Ltd. - Segment focus

                10.7 Sumitomo Chemical Co. Ltd.        

                                Exhibit 108:  Sumitomo Chemical Co. Ltd. - Overview

                                Exhibit 109:  Sumitomo Chemical Co. Ltd. - Business segments

                                Exhibit 110:  Sumitomo Chemical Co. Ltd. - Key offerings

                                Exhibit 111:  Sumitomo Chemical Co. Ltd. - Segment focus

                10.8 TDK Corp.

                                Exhibit 112:  TDK Corp. - Overview

                                Exhibit 113:  TDK Corp. - Business segments

                                Exhibit 114:  TDK Corp. - Key news

                                Exhibit 115:  TDK Corp. - Key offerings

                                Exhibit 116:  TDK Corp. - Segment focus

                10.9 Teijin Ltd.             

                                Exhibit 117:  Teijin Ltd. - Overview

                                Exhibit 118:  Teijin Ltd. - Business segments

                                Exhibit 119:  Teijin Ltd. - Key offerings

                                Exhibit 120:  Teijin Ltd. - Segment focus

                10.10 Thermo Fisher Scientific Inc.      

                                Exhibit 121:  Thermo Fisher Scientific Inc. - Overview

                                Exhibit 122:  Thermo Fisher Scientific Inc. - Business segments

                                Exhibit 123:  Thermo Fisher Scientific Inc. - Key news

                                Exhibit 124:  Thermo Fisher Scientific Inc. - Key offerings

                                Exhibit 125:  Thermo Fisher Scientific Inc. - Segment focus

                10.11 Toray Industries Inc.     

                                Exhibit 126:  Toray Industries Inc. - Overview

                                Exhibit 127:  Toray Industries Inc. - Business segments

&

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Lithium-Ion Battery (LIB) Separator market growth will increase by $2309.93 million during 2021-2026.
The lithium-ion battery (lib) separator market is expected to grow at a CAGR of 10.93% during 2021-2026.
Technavio has segmented the lithium-ion battery (lib) separator market by application (Automotive and Non-automotive) and geographic (APAC, Europe, North America, Middle East and Africa, and South America).
Asahi Kasei Corp., BenQ Materials Corp., BERNARD DUMAS SAS, Celgard LLC, Coperion GmbH, Entek International LLC, MIRWEC Coating, MOD PLAST INDUSTRIES, Shanghai Energy New Materials Technology Co.Ltd, SK Innovation Co. Ltd., Solvay SA, Sumitomo Chemical Co. Ltd., Targray Technology International Inc., TDK Corp., Teijin Ltd., Thermo Fisher Scientific Inc., Toray Industries Inc., Ube Industries Ltd., W-SCOPE Corp., Xiamen Lith Machine Ltd. are a few of the key vendors in the lithium-ion battery (lib) separator market.
APAC will register the highest growth rate of 49.91% among the other regions. Therefore, the lithium-ion battery (lib) separator market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the lithium-ion battery (lib) separator market growth are:
  • Rising demand for smart devices
  • The high uptake rate of wet separators from the automotive industry
The lithium-ion battery (lib) separator market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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