Global Battery Separators Market

Global Battery Separators Market Size, Share, Growth Analysis, By Battery Type(Lead Acid, Li-ion), By Material(Polyethylene, Polypropylene), By End User(Automotive, Consumer Electronics) - Industry Forecast 2023-2030


Report ID: SQMIG20D2164 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: 91 | Figures: 76

Global Battery Separators Market Insights

Battery Separators Market size was valued at USD 4.5 billion in 2021 and is poised to grow from USD 5.3 billion in 2022 to USD 16.2 billion by 2030, growing at a CAGR of 16.4% in the forecast period (2023-2030).

Consumer electronics devices are in high demand worldwide as a result of their widespread popularity. However, the main market for lithium-ion batteries is the consumer electronics industry. Additionally, sales of electric vehicles (EVs) have surged, and in recent years, they have emerged as the biggest consumers of lithium-ion batteries. Consequently, the market for battery separators will experience significant growth due to the spike in demand for consumer electronics and electric vehicles (EVs).

The market for battery separators has expanded significantly in recent years as a result of strict environmental laws. Rising population and industrialization, as well as increased demand for electric vehicles and other battery technological advancements, are driving the global demand for battery separators. Moreover, sales of electric vehicles (EVs) have surged in recent years, and they have emerged as the biggest consumers of lithium-ion batteries. Consequently, the market for battery separators will experience significant growth due to the spike in demand for consumer electronics and electric vehicles (EVs). The main difficulty is, however, the low heat resistance of separators.

US Battery Separators Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 4.5 billion

Largest Segment

Polyethylene

Fastest Growth

Polyethylene

Growth Rate

16.4% CAGR

Global Battery Separators Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Battery Separators Market Size By Material, 2021-2028 ($ Bn)
Global Battery Separators Market Size By Material, 2021-2028 (%)

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Global Battery Separators Market Segmental Analysis

The global battery separator market is segmented based on battery type, material, end use, and region. Based on the battery type, the battery separators market is segmented as lithium-ion, lead acid, and others. Based on material, it is segmented as polyethylene, polypropylene, ceramic, and nylon. Based on end-user, it is segmented as automotive, consumer electronics, industrial, and others. Based on region it is categorized into North America, Europe, Asia-Pacific, and MEA.

The lithium-ion battery segment is expected to grow due to increased production of lithium-ion batteries for EVs

Due to its high cost and possible application in EVs, the Li-ion battery separator market is projected to expand at a faster rate. In both hybrid and electric automobiles, Li-ion batteries are frequently utilised. Recent years have seen a dramatic increase in the manufacture of electric vehicles as a result of increasing government action to reduce reliance on fossil fuels. A multi-government initiative called the Electric Vehicles Initiative (EVI) aims to hasten the global uptake of electric vehicles. This will increase the market demand for lithium-ion batteries.

Compared to other rechargeable batteries, they often have better energy density, higher voltage capacity, a lower self-discharge rate, and very low concentrations of harmful heavy metals. A single cell offers a longer charge retention than other battery types, which improves power efficiency. Li-ion batteries are more stable and can be recharged numerous times.

Polyethylene battery separator to dominate the market during the forecast period

In terms of volume, polyethylene (PE) separators had a market share of more than 40% in 2021, and it is projected that they will grow at a CAGR of more than 17% by 2028. PE separators avoid short-circuit or thermal run-away situations by shutting down the battery if the core temperature exceeds 130 degrees Celsius. They are widely used across many industrial industries because they have good mechanical and chemical stability qualities. The separators are appropriate for consumer electrical applications since they also have other crucial characteristics.

Polypropylene is another major segment in the overall market and will account for over 25% of the market share in terms of revenue in 2028. In the consumer electronics and automotive industries, polypropylene is one of the most popular polyolefin battery separators. Polypropylene separators are widely used in Li-ion batteries for EVs. Thus, the market for battery separators is expected to develop as electric car usage and awareness rise. Polypropylene, one of the most versatile polymers on the market, can be used in a wide range of applications as both a plastic and a fibre.

The automotive industry will drive the Battery Separators Market

The automotive industry segment held a market share of over 45% in terms of revenue and will exhibit a CAGR of over 16.5% by 2027. The automotive industry's growing need for lithium-ion batteries and the widespread use of electronic vehicles are expected to lead to significant growth in the global market for battery separators. Additionally, it is projected that the market share for battery separators will grow as wet separators and microgrids become more widely used in the automotive sector.

In 2021, the consumer electronics market sector is expected to grow at a CAGR of more than 10.1%, with a market share of more than 2%. Consumer electronics devices such as refrigerators, washing machines, laptops, and tablets are in high demand worldwide as a result of their widespread popularity.

Global Battery Separators Market By Material, 2021 (%), 2021 (%)

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Global Battery Separators Market Regional Insights

Asia-Pacific is expected to be the dominant the global battery separators market due to the enormous demand for battery materials in emerging nations such as China and India. The need for battery separators in EV batteries is expected to rise as a result of governments in Europe beginning to provide subsidies for the production of electric vehicles. Recently, this area has developed into a centre for the manufacture of automobiles, creating new paths and chances for the OEM market.

The Electric Vehicles Initiative (EVI), a multi-government initiative in North America, aims to hasten the adoption of electric vehicles. The expansion of the automotive industry in Brazil and Mexico, which is predicted to cause an increase in sales of electric vehicles, is likely to boost the Latin American market. With rising investments in projects for smart, clean, and sustainable development, the Middle East and Africa market is projected to expand significantly in the upcoming years.

Europe is predicted to have profitable growth throughout the forecast period of 2022–2028 because of the region's high demand for consumer electronics and the existence of strict laws. These factors have encouraged the use of electric vehicles in the region.

Global Battery Separators Market By Geography, 2021-2028, 2023-2030
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Global Battery Separators Market Dynamics

Battery Separators Market Driver

  • High demand across end users

During the projected period, demand for separators will be driven by rising demand across a number of industries, including consumer electronics and automotive. Additionally, it is predicted that the market share for battery separators will increase due to the increased use of wet separators and micro grids in the automotive sector. Battery separator use will be fuelled by a rise in lithium-ion battery demand brought on by the growing popularity of electronic cars. Accordingly, the rising demand for EVs is a major factor promoting the expansion of the battery separator market. The manufacturers' encouragement to produce battery-powered vehicles due to increased consumer awareness of EVs and HEVs is increasing demand. The market for battery separators is also expanding as a result of the sharp rise in demand for highly effective batteries across a variety of end-use sectors. The growing demand to increase battery security and consistency without compromising performance or cost is another factor driving the market growth.

  • Rising vehicle electrification, increased sales of smart electronic gadgets, and improvements in Li-ion batteries

Automakers are investing billions of dollars in electric vehicles as a result of government incentives and laws that in various nations call for the phase-out of internal combustion engine automobiles. With the extra benefit of silent engines and no local emissions, electricity is seen as a competitive option to fuel oil in light of rising crude oil prices. Wireless electrical and electronic equipment, laptops, mobile phones, digital cameras, and other similar devices are frequently utilised. Batteries continue to be the go-to power source for devices such as mobile phones and portable consumer electronics devices. The sector is growing owing to improvements in battery technology and innovation, as well as the use of batteries in energy storage devices. Researchers are focusing their attention on batteries with solid-state electrolytes instead of lithium-ion batteries with liquid electrolytes. Significant improvements have been made recently in the realm of battery separators.

Battery Separators Market Challenge

  • Problems regarding raw materials, transportation, and quality

One of the main factors limiting the growth of the battery separator market is the gap between supply and demand in the sector. This is particularly true with regard to raw materials and transportation concerns. Moreover, manufacturers must consistently maintain the high quality of the materials used to make battery separators. The low heat resistance of the separators makes them particularly challenging to maintain. These elements are viewed as significant roadblocks to the market expansion for battery separators.

  • Concerns Associated with Safety and Disposal

Since batteries are made of chemicals, when they corrode, they taint groundwater and may start fires in landfills, which is a very dangerous situation. Due to this, issues with battery safety and incorrect disposal may have an adverse effect on the environment, which could eventually cause global warming. This aspect presents significant obstacles to the market for battery separator growth. Also, larger battery separators are not economically viable. Another significant barrier to the overall growth of the battery separator sector is the effectiveness of batteries and their capacity to store energy.

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Global Battery Separators Market Competitive Landscape

Some of the key players are Ahlstrom-Munksjö, Amer-Sil, Asahi Kasei, B&F Technology, Bernard Dumas, Cangzhou Mingzhu Plastic, Cyg Chinaly New Material, Dowdupont, Dreamweaver International, Eaton, Electrovaya, Entek International, Foshan Jinhui Hi-Tech.

Battery Separators Market Top Players Company Profiles

  • Asahi Kasei Corporation
  • Toray Industries, Inc.
  • Sumitomo Chemical Co., Ltd.
  • SK Innovation Co., Ltd.
  • Celgard LLC
  • UBE Industries, Ltd.
  • W-Scope Corporation
  • Dreamweaver International, Inc.
  • Mitsubishi Chemical Corporation
  • Entek International LLC
  • Freudenberg Performance Materials
  • Jinhui Hi-Tech (H.K.) Limited
  • Foshan Jinhui Hi-Tech Optoelectronic Material Co., Ltd.
  • Teijin Limited
  • Wuxi Shengda Plastic Co., Ltd.
  • Xingda International Holdings Limited
  • Zhongke Science and Technology Co., Ltd.
  • Henan Yiteng New Energy Technology Co., Ltd.
  • Tongling Jingdun Technology Co., Ltd.
  • Suzhou GreenPower New Energy Materials Co., Ltd.

Battery Separators Market Recent Development

  • In January 2022, Entek Manufacturing, acquired Adaptive Engineering & Fabrication, a manufacturer of material handling equipment. Adaptive will be in charge of developing, installing, and selling material handling equipment, with support from Entek's project management and engineering teams.
  • In March 2021, Asahi Kasei, announced to increase the production capacity of Hipore Li-ion battery separators at its plant in Miyazaki, Japan. With wet-process manufacturing plants in Japan (Moriyama, Shiga, and Hyuga, Miyazaki) and dry-process manufacturing plants in the United States, the company has been proactively focusing on expanding its LIB separator business (North Carolina).

Global Battery Separators Key Market Trends

  • The Japanese automaker, Toyota, is attempting to retake the lead from the Chinese, who currently dominate Li-ion battery packs, with Shanghai Energy ousting Japan's Asahi Kasei in the battery separator material market and Contemporary Amperex Technology Co. Ltd., a company with its headquarters in Nigde, China, as the world's largest supplier of lithium-ion batteries. This year, Toyota will introduce a prototype of its EV that will be the first to be sold using a solid-state battery.
  • Although the NITI Aayog and the Power Ministry's policymakers assert that the established lithium-ion ecosystem will likely remain the cornerstone for the projects that are about to go into production, there is now a new push to examine these new technological advancements from an improved viability and end-use perspective while drafting new project proposals. New advanced chemistry cell battery technologies that may allow battery storage ecosystems to diversify away from the lithium-ion formula and scale up the viability threshold offer a variety of potential options to policymakers. Some of these cutting-edge battery technologies will most likely be judged on their suitability based on the end-use application of the battery storage projects currently in the works — electricity storage for the grid or use in electric vehicles (EVs).

Global Battery Separators Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.

According to our analysis, recent years have seen a dramatic increase in the manufacture of electric vehicles as a result of increasing government action to reduce reliance on fossil fuels. China and Japan are two examples of Asia-Pacific nations that have developed into electronic vehicle manufacturing centres. In these nations, the demand for battery separators is expected to rise exponentially. Also, as energy storage devices become more commonplace and the electronics sector continues to innovate, product demand will continue to increase over the duration of the forecasted period. However, the development of the battery separator market is expected to be hampered by strict rules on the use of polymeric materials and safety concerns connected to the use of batteries in various applications.

Report Metric Details
Market size value in 2021 USD 4.5 billion
Market size value in 2030 USD 16.2 billion
Growth Rate 16.4%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Battery Type
    • Lead Acid, Li-ion
  • Material
    • Polyethylene, Polypropylene, Ceramic, Nylon
  • End User
    • Automotive, Consumer Electronics, Industrial, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Asahi Kasei Corporation
  • Toray Industries, Inc.
  • Sumitomo Chemical Co., Ltd.
  • SK Innovation Co., Ltd.
  • Celgard LLC
  • UBE Industries, Ltd.
  • W-Scope Corporation
  • Dreamweaver International, Inc.
  • Mitsubishi Chemical Corporation
  • Entek International LLC
  • Freudenberg Performance Materials
  • Jinhui Hi-Tech (H.K.) Limited
  • Foshan Jinhui Hi-Tech Optoelectronic Material Co., Ltd.
  • Teijin Limited
  • Wuxi Shengda Plastic Co., Ltd.
  • Xingda International Holdings Limited
  • Zhongke Science and Technology Co., Ltd.
  • Henan Yiteng New Energy Technology Co., Ltd.
  • Tongling Jingdun Technology Co., Ltd.
  • Suzhou GreenPower New Energy Materials Co., Ltd.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Battery Separators Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Battery Separators Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Battery Separators Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Battery Separators Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Battery Separators Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Battery Separators Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQ's

Battery Separators Market size was valued at USD 4.5 billion in 2021 and is poised to grow from USD 5.3 billion in 2022 to USD 16.2 billion by 2030, growing at a CAGR of 16.4% in the forecast period (2023-2030).

Some of the key players are Ahlstrom-Munksjö, Amer-Sil, Asahi Kasei, B&F Technology, Bernard Dumas, Cangzhou Mingzhu Plastic, Cyg Chinaly New Material, Dowdupont, Dreamweaver International, Eaton, Electrovaya, Entek International, Foshan Jinhui Hi-Tech. 'Asahi Kasei Corporation', 'Toray Industries, Inc.', 'Sumitomo Chemical Co., Ltd.', 'SK Innovation Co., Ltd.', 'Celgard LLC', 'UBE Industries, Ltd.', 'W-Scope Corporation', 'Dreamweaver International, Inc.', 'Mitsubishi Chemical Corporation', 'Entek International LLC', 'Freudenberg Performance Materials', 'Jinhui Hi-Tech (H.K.) Limited', 'Foshan Jinhui Hi-Tech Optoelectronic Material Co., Ltd.', 'Teijin Limited', 'Wuxi Shengda Plastic Co., Ltd.', 'Xingda International Holdings Limited', 'Zhongke Science and Technology Co., Ltd.', 'Henan Yiteng New Energy Technology Co., Ltd.', 'Tongling Jingdun Technology Co., Ltd.', 'Suzhou GreenPower New Energy Materials Co., Ltd.'

High demand across end users

The Japanese automaker, Toyota, is attempting to retake the lead from the Chinese, who currently dominate Li-ion battery packs, with Shanghai Energy ousting Japan's Asahi Kasei in the battery separator material market and Contemporary Amperex Technology Co. Ltd., a company with its headquarters in Nigde, China, as the world's largest supplier of lithium-ion batteries. This year, Toyota will introduce a prototype of its EV that will be the first to be sold using a solid-state battery.

Asia-Pacific is expected to be the dominant the global battery separators market due to the enormous demand for battery materials in emerging nations such as China and India. The need for battery separators in EV batteries is expected to rise as a result of governments in Europe beginning to provide subsidies for the production of electric vehicles. Recently, this area has developed into a centre for the manufacture of automobiles, creating new paths and chances for the OEM market.

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Global Battery Separators Market

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