Product ID: SQMIG20D2164
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 2024-2031
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 2019 and is poised to grow from USD 5.3 billion in 2023 to USD 16.2 billion by 2031, growing at a CAGR of 16.4% in the forecast period (2024-2031).
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.
Global Battery Separators Market Report Snapshots
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