The report " Battery Separators Market by Battery Type (Lead Acid and Li-ion), Material (Polyethylene and Polypropylene), Technology (Dry and Wet), End-Use (Automotive, Consumer Electronics, Industrial), and Region - Global Forecast to 2028 ", is projected to grow from USD 6.3 billion in 2023 to USD 13.0 billion by 2028, at a CAGR of 15.7% during the forecast period. High demand from the automotive and consumer electronic sector is expected to drive the battery separators market. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, battery separators market trends and development status. The automotive sector benefits from high-performance separators in electric and hybrid vehicles, increasing battery efficiency and safety. In consumer electronics, battery separators enable the development of compact, powerful devices, supporting the rise of smartphones, tablets, and wearable technology.
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221 – Tables
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The Lead-acid battery is expected to account for the largest share of the battery separators market, by battery type, during the forecast period, in terms of value.
By battery type, the lead-acid battery is estimated to have the largest market share by value. lead-acid batteries are expected to hold the largest market share due to their widespread use as sustainable energy storage solutions for wind and solar power. This is attributed to their advantages of low material costs, safety features, and recyclability, with up to 99% recyclability. With commendable energy storage capacity, lead-acid batteries are undergoing continuous advancements, contributing to the growth of battery separators market.
By end-use, the automotive segment is expected to account for the largest market share during the forecast period in terms of value.
Based on end-use, the automotive segment is estimated to account for the largest share of the market during the forecast period. This is primarily due to the adoption of environmental standards and emission regulations, coupled with the growing emphasis on efficiency in the automotive sector. The surge in battery-driven vehicles, including hybrid electric and plug-in hybrid electric vehicles, is anticipated to significantly contribute to the overall growth of the global battery separators market, further propel the growth of this automotive segment in this market.
Polyethylene, by material, is expected to account for the largest segment during the forecast period.
Based on material, polyethylene is expected to account for the largest segment during forecast period in terms of value. Polyethylene is widely used in various applications such as shopping bags, food wraps, detergent bottles, batteries, and fuel tanks. Among these, polyethylene's major contribution lies in the manufacturing of battery separators. Thus, the significant growth related to the polyethylene, in turn, is leading to the surge in battery separators market.
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Asia Pacific is projected to register the largest market share during the forecast period.
Asia Pacific is estimated to lead the market during the forecast period, driven by robust economic growth and substantial investments in the automotive and electronics sectors. Notably, emerging economies like China and India have played a pivotal role in establishing Asia-Pacific as a significant market for battery separators. Additionally, an increase in purchasing power of the population and government support is likely to propel battery separators market.
Some of the leading players in the battery separators market include Asahi Kasei Corporation ( Japan ), ENTEK (US), Shanghai Energy New Materials Technology Co., Ltd. ( China ), SKie technology ( South Korea ), Toray Industries, Inc. ( Japan ), and UBE Corporation ( Japan ), among others.
Asahi Kasei Corporation .
Asahi Kasei Corporation, a global Japanese chemical company, is a leading manufacturer of lithium-ion and lead-acid battery separators. Operating in four segments, including material and environmental solutions, the company produces separators such as Hinore, Celgard (lithium-ion), and Daramic (lead-acid). These separators are mainly used in automotive, laptops, smartphones, and other consumer electronics applications. With a strong global presence, the company is actively researching expanding production capacity in Europe and US to support local manufacturing and consumption of separators, focusing on the growth of the battery separator industry.
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ENTEK
ENTEK is one of the major battery separator manufacturers in the world, producing three separator technologies, such as AGM, PE, and lithium separators. It leverages this wide range of products for energy storage applications worldwide, such as internal combustion and electric automobiles. For a variety of energy storage and other functional membrane applications, ENTEK manufactures a range of microporous membranes and high-performance materials. It also focuses on new technologies and product innovation. The membranes are used in energy storage, filtration, ion-selective barriers, and both hydrophobic and hydrophilic breathable barriers in medical and sports apparel.
Shanghai Energy New Materials Technology Co., Ltd.
Shanghai Energy New Materials Technology Co., Ltd., also recognized as SEMCORP, is one of the key players in the global market for battery separators. Specializing in the production of wet process separators and coated separators designed for lithium-ion batteries. The company offers ceramic coating, PVDF coating, AFL coating, and high-temperature polymer coatings for high-energy-density chemistries such as the NMC system. The company's other products are printing packages, packing boxes, liquid wrapping & high-grade wrapping papers, biaxially oriented polypropylene films, and other related products.