Latest News- Lithium-Ion Battery (LIB) Separator Market: Automotive is expected to lead the Application segment during 2024-2028

The Lithium-Ion Battery (LIB) Separator Market is being driven by Rising demand for smart devices

The Lithium-Ion Battery (LIB) Separator Market is expected to grow at a CAGR of 11.53% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2971.4 million. In the realm of lithium-ion battery manufacturing, separators play a pivotal role in ensuring optimal performance and safety. Two primary types of separators exist: dry and wet. The production process entails an extrusion phase, where polymer films are formed, followed by a stretching stage, generating porous structures. Dry separators exhibit slit-like micropores and an open, straight structure, favoring high-power-density applications. Conversely, wet separators boast a tortuous structure with interconnected micropores, making them ideal for long-life cycle batteries due to their dendrite inhibition properties during charging and discharging processes. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Automotive
  • Non-automotive
• Material
  • Polyethylene
  • Polypropylene
  • Nylon
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
  • North America
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for smart devices
• Shift in automotive industry toward EVs
• Drawbacks of lead-acid batteries

However, the market also witnesses some limitations, which are as follows:

• Safety concerns due to inefficiency of separators
• Growing competition from fuel cells
• Demand-supply disparity with regard to lithium

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Market Scope in Lithium-Ion Battery (LIB) Separator Market Research Report

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Research Analysis Overview

The Lithium-Ion Battery (LIB) separator market is witnessing significant growth due to the increasing adoption of renewable energy sources and the rise of electric vehicles (EVs). Lithium-ion batteries are essential components in various devices such as smartwatches, laptops, and EVs, making up a large portion of the energy storage battery market. Strategies to enhance the performance and efficiency of EV LIBs and Energy Storage Systems (ESS) LIBs are underway. Ionic charge carriers, polymer materials like polypropylene and polyethylene, are being explored for their potential in improving energy density and reducing charging times. The growth of the LIB separator market is driven by the increasing demand for EVs and the expansion of charging station infrastructure. The market is expected to grow further as governments worldwide offer subsidies to promote the adoption of EVs and decentralized energy systems. However, concerns regarding the environmental impact of LIBs, such as the production of greenhouse gases and the release of NOx during charging, remain. The development of more sustainable and eco-friendly production methods is a key focus area for the industry. In the context of renewable energy, lithium-ion batteries play a crucial role in storing excess energy generated from wind and solar sources, reducing CO2 emissions and increasing the overall efficiency of these renewable energy sources.

Market Research Overview

The Lithium-Ion Battery (Li-ion) Separator Market is an essential segment of the burgeoning global renewable electricity industry. This market caters to companies that manufacture and supply separators for Li-ion batteries, which are integral components in renewable energy storage systems. The parent market, encompassing the renewable electricity sector, comprises entities involved in the generation and distribution of electricity derived from renewable sources. This includes independent power producers, gas and power marketing and trading specialists, integrated energy merchants, and renewable electricity providers. Additionally, it covers manufacturers of raw materials and equipment used in the solar power market. The expansion of the global renewable electricity market is primarily driven by supportive policies and targets for renewable power deployment. Over the past decade, the adoption of renewable energy sources has witnessed substantial growth due to ambitious targets and effective policies, making the Li-ion Separator Market a promising investment opportunity.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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