Battery Separators Market - Forecast(2024 - 2030)

Report Code: CMR 21071 Report Format: PDF + Excel

Battery Separators Market Overview

The Battery Separators Market size is forecast to reach US$11.9 billion by 2027 after growing at a CAGR of 11.2% during the forecast period 2022-2027. Battery separators provide a barrier between the anode and the cathode of a battery to prevent electrical short circuits. The separator materials must be thin, porous, mechanically durable, chemically stable and electrically resistant. Most of the separators used to consist of a polymeric membrane forming a microporous layer. Commercially available lithium-ion batteries use polyolefin as a separator. Polyolefins are made from polyethylene, polypropylene or laminates of both materials. Polyimide separators are poised to be the best choice for high-end lithium-ion batteries. The growing popularity of electric vehicles drives the battery separators market. The surge in the demand for consumer electronics also acts as a driver.

Battery Separators Market COVID-19 Impact

The COVID-19 pandemic had a severe impact on several industries including the transportation industry. The aerospace industry was one of the very first sectors that were affected by the pandemic. As cases surged, governments around the world struggled to stop the spread of infection and introduced border closures, travel bans and restrictions on traveling, as a result of which flights were grounded. The aerospace industry has been among the worst hit by the pandemic and many airlines were forced to suspend operations which also led to layoffs. The International Air Transport Association (IATA), Airport Council International (ACI) and International Civil Aviation Organization (ICAO) predict that the sector will take at least 3-4 years to roll back to pre-pandemic levels. It was expected that with the vaccine rollout, 2021 would be a recovery year but with new variants such as Delta and Omicron being discovered, the aerospace industry still suffered setbacks. The automotive industry also had several challenges such as halting of production due to lockdown measures, shortages of spare parts, shipping challenges and shortage of semiconductors. This also impacted the battery separators' market size.

Report Coverage

The report: “Battery Separators Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the battery separators industry.

By Product: Microporous Separators (Polyethylene, Polypropylene and Others), Nonwovens (Nylon, Polyester and Others), Ion Exchange Membranes, Polymer Film (Polyethylene, Cellulose and Others) and Others
By Battery Type: Aqueous Battery Systems (Lead Acid Battery; Zinc Batteries- Zinc Carbon, Silver-Zinc, Zinc-Bromine and Others; Nickel Batteries- Nickel Metal Hydride, Nickel Cadmium; and Others) and Non-Aqueous Battery Systems (Lithium-Ion batteries)
By Application: Automotive (Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles), Consumer Electronics (Smartphones, Computers & Laptops, Cameras, Calculators, Watches and Others), Aerospace & Defense (Aircraft, Satellites, Spacecraft and Others), Industrial, Medical (Robots, Hearing Aids, Implants and Others) and Others
By Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (Middle East and Africa)

Key Takeaways

  • The Asia-Pacific region dominates the battery separators industry on account of the automotive and electronics industries in the region. According to India Brand Equity Foundation, the electronics industry size is expected to cross US$300-350 billion by 2025.
  • The market for microporous polymeric membrane separators has registered a spike in growth since the commercialization of lithium-ion batteries.
  • Conventional separators using polypropylene and polyethylene are prone to shrinkage and melting at 150 °C or above which may cause short circuits. Separators made of thermally stable polyimides are electrochemically stable and resistant to high temperatures and possess good mechanical strength, making them highly suitable for lithium-ion batteries.
  • The major opportunity for this market is the increasing R&D for new materials for battery separators.

Figure: Asia-Pacific Battery Separators Market Revenue, 2021-2027 (US$ Billion)

Battery Separators Market

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Battery Separators Market Segment Analysis – by Battery Type

The non-aqueous battery systems segment held the largest portion of the Battery Separators market share and is expected to grow at a CAGR of 10.7% during the forecast period. The volatile crude oil prices and the increasing pollution, have pushed consumers towards green energy. As green and renewable energy, lithium-ion batteries have been used as a power source in electric vehicles and portable electronics. Lithium-ion batteries are indispensable power energy in daily life. Lithium-ion batteries are superior to other types of batteries such as lead-acid, nickel-cadmium, nickel-metal hydride, etc. as they store more energy and deliver power over a long duration, they also charge quickly and have higher longevity. Therefore, lithium-ion batteries are widely used. Most commercially available non-aqueous lithium-ion separators are high-molecular materials with high insulation such as polyethylene, polypropylene, or both. As the use of lithium-ion for high-power applications become widespread new separator materials are needed to ensure the safety of these batteries. R&D efforts are active in the field of lithium-ion battery separators. Materials such as cellulose and its derivatives, polyethylene terephthalate, polyvinylidene fluoride, polyamide, polyimide and aramid are good candidates for separators. Therefore, the non-aqueous segment is set to dominate the battery separators market size.

Battery Separators Market Segment Analysis – by Application

The automotive segment held the largest portion of the Battery Separators market share and is expected to grow at a CAGR of 9.6% during the forecast period. In recent years, electric vehicles (EVs) have become the biggest consumers of lithium-ion batteries owing to the growing sales of EVs. Sustained policy support has been one of the main reasons for strong electric car sales in many markets, with overall public spending on subsidies and incentives doubling in 2021 to nearly US$30 billion, as per the International Energy Agency (IEA). Many countries and cities around the world have stated they will ban the sale of passenger vehicles powered by fossil fuels, which is also driving the sales of EVs. For instance, in December 2020, Japan announced plans to achieve 100% electric passenger car sales by the mid-2030s. In February 2021, Singapore announced new targets for its Singapore Green Plan 2030, under which from 2030, all new cars registered have to be cleaner-energy models. Paris pledged to ban diesel engines by 2025 and phase out all combustion-engine cars by 2030. Norway has the most ambitious target, to phase out conventional cars by 2025. Around the world, governments are encouraging the sales of EVs. Thus, the automotive sector is anticipated to dominate the battery separators market size.

Battery Separators Market Segment Analysis – by Geography

The Asia-Pacific region held the largest portion of the Battery Separators market share in 2021 up to 45% owing to the revival of the automotive industry in the region. As per the International Organization of Motor Vehicle Manufacturers (OICA), in India 3.6 million cars were sold in 2021 compared to 2.85 million cars in 2020. In China, 21.41 million cars were sold in 2021 compared to 19.99 million cars in 2020. Also, the electric vehicles segment is doing well in this region. According to IEA, the increase in EV sales in 2021 was primarily led by the People’s Republic of China, which accounted for half of the growth. More vehicles were sold in China in 2021 (3.3 million) than in the entire world in 2020. The first quarter of 2022 showed similar trends, with sales in China more than doubling compared with the first quarter of 2021. Additionally, the growing electronic industry also contributes to the growth of the battery separators market. South Korea ranks among the top countries in terms of electronics production. According to an article in the Financial Times, China accounts for more than 65% of global battery production and more than half of lithium production. Therefore, this region is anticipated to dominate the battery separators market.

Battery Separators Market Drivers

Growing Popularity of Electric Vehicles (EVs)

According to the International Energy Agency (IEA), in 2021, sales of electric cars (including fully electric and plug-in hybrids) doubled to a new record of 6.6 million. Sales kept rising in 2022 as well, with 2 million electric cars sold worldwide in Q1 2022, up almost 75% compared to Q1 2021. In China, electric car sales nearly tripled in 2021 to 3.3 million, accounting for about half of the global total. Sales also grew strongly in Europe increasing by 65% to 2.3 million. Also, according to Bloomberg New Energy Finance (BNEF), EVs are expected to hit 10% of global passenger vehicle sales by 2025, rising to 28% in 2030 and 58% in 2040. According to IEA’s Global Electric Vehicle Outlook, the number of electric cars, buses, vans and heavy trucks on roads is expected to hit 145 million by 2030. The rise in electric car sales in 2022 despite strains along the global supply chain. The rising crude oil prices since the Russia-Ukraine war have also pushed new buyers towards EVs. The increase in electric vehicle manufacturing and sales drives the demand for lithium-ion batteries and thereby the battery separators market. 

Surge in the Demand for Consumer Electronics

The growing adoption of lithium-ion batteries in consumer electronics is driving the Battery Separators market. Due to the pandemic consumers have shifted their spending priorities from vacations and eating out to focusing on adding more comfort, conveniences and entertainment at home. Work-from-home, as well as online classes, led to a surge in spending on laptops, tablets and smartphones. As per Apple Inc.’s annual report, the net sales of iPhones, iPad and MacBooks were higher in 2021 compared to 2020. As people started spending more time at home, they also started upgrading their houses with smart devices including smart lights, smart security systems, smart locks, smart speakers and other such devices. According to the International Data Corporation (IDC) Worldwide Quarterly Smart Home Device Tracker, the worldwide market for smart home devices grew 10.3% year over year in Q3 2021 with more than 221.8 million device shipments. Thus, the surge in the demand for consumer electronics drives the battery separators market.

Battery Separators Market Challenges

Safety Concerns

The separator plays an important role in a battery as it functions as a barrier to prevent contact between the two electrodes and facilitates ionic conduction. Although separators are not active components in batteries, they influence the battery's electrochemical performance, safety and cost. The thermal stability of a separator is extremely important for batteries. Because most separators are made from polymers, especially polyethylene and polypropylene, they are prone to shrinkage and melt at 150 °C or above, so short circuits and thermal shrinkage may occur. As the applications of lithium-ion batteries are growing, particularly in EVs and power grids, the need for larger batteries that can hold more energy is growing. Larger batteries are more prone to large temperature increases which may result in a fire or an explosion. Thus, the safety concerns may restrain the growth of the battery separators market. 

Battery Separators Industry Outlook

Product launches, acquisitions and R&D activities are key strategies adopted by players in the Battery Separators market. The top 10 companies in the Battery Separators market are:

  1. Asahi Kasei Corporation
  2. Sumitomo Chemical Co. Ltd.
  3. Toray Industries
  4. Teijin Limited
  5. ENTEK International
  6. Freudenberg SE
  7. Hollingsworth & Vose
  8. SK Innovation Co. Ltd.
  9. Dreamweaver International
  10.  Bernard Dumas

Recent Developments

  • In May 2021, ENTEK International acquired Nippon Sheet Glass Group’s battery separator business. With this strategic acquisition, ENTEK becomes the only separator manufacturer in the world producing all three primary separator technologies (PE, AGM and lithium separators) for the global energy storage industry.
  • In March 2021, SK Innovation Co. announced an investment of approximately US$1 billion to add two EV-focused battery separator plants in Poland.
  • In June 2020, Microporous LLC announced its newest and most technically advanced lead-acid battery separator manufacturing facility is fully operational. The new facility triples Microporous polyethylene separator capacity in the U.S.

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1. Battery Separators Market - Market Overview
    1.1 Definitions and Scope
2. Battery Separators Market - Executive Summary
    2.1 Key Trends by Product
    2.2 Key Trends by Battery Type
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. Battery Separators Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Battery Separators Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Battery Separators Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Battery Separators Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Battery Separators Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Battery Separators Market – By Product (Market Size - $Million/Billion)
    8.1 Microporous Separators
        8.1.1 Polyethylene
        8.1.2 Polypropylene
        8.1.3 Others
    8.2 Nonwovens
        8.2.1 Nylon
        8.2.2 Polyester
        8.2.3 Others
    8.3 Ion Exchange Membranes
    8.4 Polymer Film
        8.4.1 Polyethylene
        8.4.2 Cellulose
        8.4.3 Others
    8.5 Others
9. Battery Separators Market – By Battery Type (Market Size - $Million/Billion)
    9.1 Aqueous Battery Systems
        9.1.1 Lead Acid Battery
        9.1.2 Zinc Batteries
            9.1.2.1 Zinc Carbon
            9.1.2.2 Silver-Zinc
            9.1.2.3 Zinc-Bromine
            9.1.2.4 Others
        9.1.3 Nickel Batteries
            9.1.3.1 Nickel Metal Hydride
            9.1.3.2 Nickel Cadmium
        9.1.4 Others
    9.2 Non-Aqueous Battery Systems
        9.2.1 Lithium-Ion batteries
10. Battery Separators Market – By Application (Market Size - $Million/Billion)
    10.1 Automotive
        10.1.1 Passenger Vehicles
        10.1.2 Light Commercial Vehicles
        10.1.3 Heavy Commercial Vehicles
    10.2 Consumer Electronics
        10.2.1 Smartphones
        10.2.2 Computers & Laptops
        10.2.3 Cameras
        10.2.4 Calculators
        10.2.5 Watches
        10.2.6 Others
    10.3 Aerospace & Defense
        10.3.1 Aircraft
        10.3.2 Satellites
        10.3.3 Spacecraft
        10.3.4 Others
    10.4 Industrial
    10.5 Medical
        10.5.1 Robots
        10.5.2 Hearing Aids
        10.5.3 Implants
        10.5.4 Others
    10.6 Others
11. Battery Separators Market - By Geography (Market Size - $Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Demark
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Battery Separators Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Battery Separators Market – Industry/Segment Competition Analysis Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Battery Separators Market – Key Company List by Country Premium Premium
15. Battery Separators Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."

LIST OF TABLES

1.Global Battery Separators Market By Battery Type Market 2023-2030 ($M)
1.1 Lithium Ion Market 2023-2030 ($M) - Global Industry Research
1.2 Lead Acid Market 2023-2030 ($M) - Global Industry Research
2.Global Battery Separators Market By End-Use Industry Market 2023-2030 ($M)
2.1 Automotive Market 2023-2030 ($M) - Global Industry Research
2.2 Industrial Market 2023-2030 ($M) - Global Industry Research
2.3 Consumer Electronics Market 2023-2030 ($M) - Global Industry Research
3.Global Battery Separators Market By Battery Type Market 2023-2030 (Volume/Units)
3.1 Lithium Ion Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Lead Acid Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Battery Separators Market By End-Use Industry Market 2023-2030 (Volume/Units)
4.1 Automotive Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Industrial Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Consumer Electronics Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Battery Separators Market By Battery Type Market 2023-2030 ($M)
5.1 Lithium Ion Market 2023-2030 ($M) - Regional Industry Research
5.2 Lead Acid Market 2023-2030 ($M) - Regional Industry Research
6.North America Battery Separators Market By End-Use Industry Market 2023-2030 ($M)
6.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
6.2 Industrial Market 2023-2030 ($M) - Regional Industry Research
6.3 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
7.South America Battery Separators Market By Battery Type Market 2023-2030 ($M)
7.1 Lithium Ion Market 2023-2030 ($M) - Regional Industry Research
7.2 Lead Acid Market 2023-2030 ($M) - Regional Industry Research
8.South America Battery Separators Market By End-Use Industry Market 2023-2030 ($M)
8.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
8.2 Industrial Market 2023-2030 ($M) - Regional Industry Research
8.3 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
9.Europe Battery Separators Market By Battery Type Market 2023-2030 ($M)
9.1 Lithium Ion Market 2023-2030 ($M) - Regional Industry Research
9.2 Lead Acid Market 2023-2030 ($M) - Regional Industry Research
10.Europe Battery Separators Market By End-Use Industry Market 2023-2030 ($M)
10.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
10.2 Industrial Market 2023-2030 ($M) - Regional Industry Research
10.3 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
11.APAC Battery Separators Market By Battery Type Market 2023-2030 ($M)
11.1 Lithium Ion Market 2023-2030 ($M) - Regional Industry Research
11.2 Lead Acid Market 2023-2030 ($M) - Regional Industry Research
12.APAC Battery Separators Market By End-Use Industry Market 2023-2030 ($M)
12.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
12.2 Industrial Market 2023-2030 ($M) - Regional Industry Research
12.3 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
13.MENA Battery Separators Market By Battery Type Market 2023-2030 ($M)
13.1 Lithium Ion Market 2023-2030 ($M) - Regional Industry Research
13.2 Lead Acid Market 2023-2030 ($M) - Regional Industry Research
14.MENA Battery Separators Market By End-Use Industry Market 2023-2030 ($M)
14.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
14.2 Industrial Market 2023-2030 ($M) - Regional Industry Research
14.3 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Battery Separators Market Revenue, 2023-2030 ($M)
2.Canada Battery Separators Market Revenue, 2023-2030 ($M)
3.Mexico Battery Separators Market Revenue, 2023-2030 ($M)
4.Brazil Battery Separators Market Revenue, 2023-2030 ($M)
5.Argentina Battery Separators Market Revenue, 2023-2030 ($M)
6.Peru Battery Separators Market Revenue, 2023-2030 ($M)
7.Colombia Battery Separators Market Revenue, 2023-2030 ($M)
8.Chile Battery Separators Market Revenue, 2023-2030 ($M)
9.Rest of South America Battery Separators Market Revenue, 2023-2030 ($M)
10.UK Battery Separators Market Revenue, 2023-2030 ($M)
11.Germany Battery Separators Market Revenue, 2023-2030 ($M)
12.France Battery Separators Market Revenue, 2023-2030 ($M)
13.Italy Battery Separators Market Revenue, 2023-2030 ($M)
14.Spain Battery Separators Market Revenue, 2023-2030 ($M)
15.Rest of Europe Battery Separators Market Revenue, 2023-2030 ($M)
16.China Battery Separators Market Revenue, 2023-2030 ($M)
17.India Battery Separators Market Revenue, 2023-2030 ($M)
18.Japan Battery Separators Market Revenue, 2023-2030 ($M)
19.South Korea Battery Separators Market Revenue, 2023-2030 ($M)
20.South Africa Battery Separators Market Revenue, 2023-2030 ($M)
21.North America Battery Separators By Application
22.South America Battery Separators By Application
23.Europe Battery Separators By Application
24.APAC Battery Separators By Application
25.MENA Battery Separators By Application
26.Toray Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Asahi Kasei, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.SK Innovation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Freudenberg, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.W-Scope Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Dreamweaver International, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Entek International, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.UBE Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Bernard Dumas, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Sumitomo Chemical, Sales /Revenue, 2015-2018 ($Mn/$Bn)