NEW YORK, Feb. 21, 2024 /PRNewswire/ — The lithium-ion battery (LIB) separator market is expected to grow by USD 2.52 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum will progress at a CAGR of 10.91% during the forecast period. To find a preview of the market overviews, market drivers, opportunities, and potentials request a free sample report.
Company Analysis
The industry is fragmented due to the presence of many global and regional players. The industry comprises category-focused, industry-focused, and diversified companies. The global off-grid lithium-ion battery (LIB) separator sector is expected to grow rapidly during the forecast period due to the Rising demand for smart devices. Hence, the competition among companies is expected to intensify during the forecast. The report analyzes the competitive landscape and offers information on several companies. Asahi Kasei Corp., BenQ Materials Corp., Coperion GmbH, Entek International LLC, LG Chem Ltd., Mitsubishi Paper Mills Ltd., MOD PLAST INDUSTRIES, Semcorp., 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 Corp., W-SCOPE Corp., Xiamen Lith Machine Ltd., and Yasui Seiki Co. Ltd.
Company Offering:
Asahi Kasei Corp.- The company offers lithium-ion battery separators such as Celgard dry-process lithium-ion battery separators.
Coperion GmbH – The company offers lithium-ion battery separators such as Coperion battery separator films.
Segmentation Analysis
Based on Application
- The automotive segment is estimated to witness significant growth during the forecast period. Lithium-ion batteries dominate EVs and other battery-powered vehicles due to their advantages. High production volumes and ongoing R&D activities are driving down lithium-ion battery prices. Hence, these factors are expected to drive segment growth during the forecast period.
- Material (polyethylene, polypropylene, nylon, and others)
Based on Geography
- APAC is estimated to contribute 50% to the growth during the forecast period. Government initiatives and industry efforts in APAC countries are collectively shifting focus from traditional cars to electric vehicles, driven by environmental concerns. Reforms and increased R&D aim to enhance EV technologies and boost sales. Hence, these factors are expected to drive growth in the region during the forecast period.
- Europe, North America, Middle East and Africa, and South America. To know additional highlights and key points on various segments and their impact in coming years, Get a Free Sample Report.
The industry is witnessing significant growth driven by the surge in demand for electric vehicles (EVs), electronic products, and energy storage systems (ESS). Key players are focusing on innovation, producing separators using materials like Polypropylene (PP) and Polyethylene (PE), including Trilayer PP/PE/PP electrolytic separator membranes. This expansion aligns with the increasing adoption of new energy vehicles (NEVs), supported by government initiatives, with the Ministry of Industry and Information Technology playing a crucial role. As the demand for energy storage escalates, particularly in GWh (Gigawatt-hour) scale, separators are integral components in EV LIBs and ESS LIBs, enhancing performance and safety. Analysis encompasses regional trends, highlighting opportunities in electronic products, EVs, and solar power plants.
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The flow battery market size is estimated to grow at a CAGR of 22.16% between 2022 and 2027. The size is forecast to increase by USD 510.03 million.
ToC:
1 Executive Summary
2 Landscape
3 Sizing
4 Historic Size
5 Five Forces Analysis
6 Segmentations
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
About Technavio
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With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable insights to identify opportunities in existing and potential markets and assess their competitive positions within changing scenarios.
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SOURCE Technavio
