Li-Ion Battery Separators Market Size, Share, Growth, and Industry Analysis, By Type (Wet Method & Dry Method), By Application (Consumer Electronics, Power Vehicle & Electric Power Storage) and Regional Forecast to 2032

Updated On: 21 October 2024

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LI-ION BATTERY SEPARATORS MARKET REPORT OVERVIEW

The Li-Ion Battery Separators Market Size was Valued at US$ 5632 Million in 2023. The Market is likely to Surpass US$ 23677.5 Million by 2032 at a CAGR of 15.44% During the Forecast period [2024-2032].

The market for lithium-ion battery separators holds the primary responsibility for the efficiency and safety of lithium-ion batteries used in various sectors. Li-ion battery separators are an essential component, and they ensure that while the anode and cathode of the battery are able to conduct direct electric current, they do not allow such current to pass through while charging or during discharge. Despite the high specialization and increased comprehensiveness of the used materials and technologies, batteries are made more efficient and long-lasting and ensure the safety of portable electronic devices, electric vehicles, and energy storage systems, both created and installed in various countries.

COVID-19 Impact: Market Growth Restrained During Pandemic Due To Reduced Demand And Operational Shutdowns

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Stringent measures that were taken globally as a result of the COVID-19 outbreak impacted the Li-Ion Battery Separator Market to a significant extent because the competencies of organizations had to be adjusted due to the shutdown of operations and challenges in the extended supply chain. The COVID restrictions and lockdowns hampered the consumer buying of electronics and electric vehicles, which are some of the main consumers of Li-ion batteries. Such a decline resulted in a reduction of orders and delayed projects of Li-ion battery separators and, thus, affected market development in the pandemic period.

LATEST TRENDS

"Increasing demand for safer Li-ion battery separators drives market growth"

One of the trends that define the Li-Ion Battery Separator Market, is the continuous demand for improved properties in terms of safety. There is an increasing concern about separators’ thermal stability and mechanical properties due to the safety issues of electric vehicles and energy storage systems. Such separators are even more and more required these days because electric cars are making a shift all around the globe and safe and long-lasting barriers against battery fires are required.

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LI-ION BATTERY SEPARATORS MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Wet Method & Dry Method.

• Wet Method: The wet method signifies the use of solvent-based processes in the production of separators in the Li-Ion Battery Separator Market. This method generally comprises coating, solvent evaporation, and drying to provide the separator film. Wet method separators represent high porosity and uniformity, which are very important for increasing the performance of the battery and its safety level.

• Dry Method: The dry process in the Li-Ion Battery Separator Market does not use any solvent-based processes to create separators. The process involves the melt extrusion or dry casting processes of polymers by converting them into separator films. Dry-method separators are preferred by manufacturers for their low energy consumption, minimal pollution, and efficiency in controlling the thinness of structures and porosity.

By Application

Based on application the market can be categorized into Consumer Electronics, Power Vehicle & Electric Power Storage.

• Consumer Electronics: In the Li-Ion Battery Separator Market, the consumer electronics segment requires separators that are high-performing, reliable, and safe. These separators facilitate energy storage and the processes of discharging electronics like smartphones, laptops, and tablets. Portable electronics are powering up more and more, which increases the demand for superior separators for prolonged battery life and faster charging.

• Power Vehicle: Commercial Li-ion battery separators for power vehicles such as EVs and HEVs call for separators with high thermal stability, mechanical strength, and durability. These separators increase battery reliability and longevity and affect the distance and energy efficiency of electric and hybrid cars. The increasing concern for carbon emissions across the world stimulates the requirement for more effective separators, thereby driving the automotive industry.

• Electric power storage: They are used in electric power storage for both portable and stationary uses to regulate the grid, including solar and wind energy storage. These separators facilitate the processes of storage and discharge of energy, making it possible to support large grid-level services and off-grid services. The increase in Li-ion batteries’ capacity and effectiveness with the help of new separators promotes the growth of renewable energy and storage facilities across the world.

DRIVING FACTORS

"Rising EV adoption fuels demand for advanced Li-ion battery separators"

The growing usage of electric vehicles (EVs) globally, and the demand for Li-ion battery separators are key factors for Li-Ion Battery Separators Market Growth. The EVbattery separator shall be capable of supporting high energy density, must be thermally stable, and must have the possibility to operate safely while charging and discharging. As governments of various countries encourage citizens to shift to environmentally friendly modes of transport, the automotive industry and various manufacturers are also strengthening their offers of electric cars, so the market for advanced Li-ion battery separators should remain stimulated.

"Consumer electronics boost Li-Ion Battery Separator Market growth for efficiency"

The use of some branded products, which include smart phones, laptops, tablets, and wearable devices, entails the use of Li-ion battery separators in consumer electronics applications. Such devices require batteries that have higher energy density, less time to charge, and a higher number of cycles, all of which are accompanied by state-of-the-art separators. Since consumers tend to opt for portable and efficient energy technologies, the market for Li-ion battery separators increases as an addendum to these technologies.

RESTRAINING FACTOR

"Rising raw material costs hinder Li-Ion Battery Separator Market growth"

Restraining forces also relate to a shift in the price of raw materials, which are the core of Li-ion battery separators, such as polyethylene and polypropylene. Inflation and shrinkage of material costs affect the manufacturing cost, and as a result, the product’s cost is subjected to market forces. The batteryindustry also has some risks. Safety requirements for batteries to be used and environmental acceptability are some of the risks that the industry is exposed to.

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LI-ION BATTERY SEPARATORS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America's technological advancements and EV trends boost market growth"

North America holds the largest Li-Ion Battery Separators Market Share, as elaborated by the following factors: The region has well-developed technological expertise and has also incurred great costs on research and innovation, hence the enhancement in the technological aspect of batteries. In addition, the developed automotive industry, coupled with the increasing trend toward electric cars, has a high demand for lithium-ion batteries and separators. In addition, such factors as environmental regulation accepted in the USA and Canada and increasing customers’ concern with environmental issues can support further market development in the NA region.

KEY INDUSTRY PLAYERS

"Technological advancements and partnerships drive market growth for Li-ion separators"

Nowadays, market leaders have been focusing highly on technological advancement as they strive to look for new high-performance Li-ion battery separators and proper manufacturing processes. At the moment, they are partnering with automotive and electronics design companies to enhance battery sophistication, efficiency, and reliability. Also, mergers and partnerships are assisting these players to expand their market presence and prop up Li-ion battery technology in various applications across the globe.

LIST OF MARKET PLAYERS PROFILED

• Celgard (U.S.)
• Tianjin DG Membrane Tech (China)
• Yunnan Yuntianhua (China)
• Hebei Gellec (China)
• Huiqiang New Energy (China)

INDUSTRIAL DEVELOPMENT

June 2024: Celgard, a major manufacturer, made announcement of Celgard COi, a next-generation separator. This new separator boasts significant advancements in three key areas. Firstly, Celgard COi is designed to improve battery safety, especially regarding thermal stability. Secondly, it caters to the growing demand for faster charging times in electric vehicles and devices. Finally, this separator holds the potential to enable the development of batteries with higher energy density, translating to a longer driving range for electric vehicles or extended lifespans for electronic devices.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Li-Ion Battery Separators Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.