Authored By: Sarah
25 Jun 2024

 Lithium-Ion Battery (Lib) Separator Market Size to grow by USD 2971.4 million between 2024-2028

According to a research report “ Lithium-Ion Battery (Lib) Separator Market” by Application (Automotive, Non-automotive) Material (Polyethylene, Polypropylene, Nylon, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2971.4 million, at a CAGR of  11.53% during the forecast period. The global market for Lithium-Ion Battery (Li-ion) separators is experiencing significant growth due to the increasing demand for smart devices. With advancements in technology, the production of user-friendly interfaces, new features, and enhanced network connectivity has led to the introduction of numerous smart devices, including smartphones, wearables, and tablets. Factors such as affordability, digital literacy, and content relevance are key drivers for this trend. According to The World Bank, approximately half of the world's population used the internet in 2020, indicating a substantial increase in internet penetration. Furthermore, rising disposable income and consumer spending power have contributed to the affordability of these devices, particularly in emerging markets, where Chinese manufacturers have entered the scene. This confluence of factors is expected to continue fueling the growth of the Li-ion separator market.

Browse market data tables, figures, and in-depth TOC on “Lithium-Ion Battery (Lib) Separator Market” by Application (Automotive, Non-automotive) Material (Polyethylene, Polypropylene, Nylon, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Application, the Automotive segment is projected to dominate the market size in 2024

The polyethylene (PE) segment holds a significant market share in the lithium-ion battery separator industry. Known for its linear structure and classification as an addition polymer, PE is widely utilized due to its cost-effectiveness, superior mechanical properties, and excellent chemical and electrochemical stability. However, its relatively low melting point may result in a slight decrease in demand for PE separators in the future. Despite this, the PE segment is expected to maintain steady growth in the lithium-ion battery separator market during the forecast period.

By Material, Polyethylene  segment is expected to hold the largest market size for the year 2024

In the automotive sector, lithium-ion batteries (Libs) have emerged as a preferred choice over traditional lead-acid batteries due to their superior energy density, longer cycle life, and enhanced performance. These advantages make Libs an attractive investment for electric vehicles (EVs) and other battery-powered transportation systems. Despite their high initial cost, the declining production prices and ongoing research and development initiatives aim to increase reliability and reduce costs. This trend is expected to boost the adoption of EVs and further solidify the position of lithium-ion batteries in the market. Previously, lead-acid batteries held dominance in the automotive industry. However, the shift towards more efficient and advanced battery technology has led to the gradual replacement of lead-acid batteries by lithium-ion batteries.

APAC is forecasted to hold the largest market size by region in 2024

The Lithium-Ion Battery (Li-ion) Separator Market represents a significant business opportunity due to the increasing demand for advanced energy storage solutions. Separators play a crucial role in ensuring battery safety and efficiency by preventing the electrodes from coming into direct contact. Key market drivers include the growing adoption of electric vehicles and renewable energy storage systems. Manufacturers are focusing on developing high-performance separators to meet the evolving demands of the industry.

The Lithium-Ion Battery (Lib) Separator Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Asahi Kasei Corp.
  • BenQ Materials Corp.
  • Coperion GmbH
  • Entek International LLC
  • LG Chem Ltd.
  • Mitsubishi Paper Mills Ltd.
  • MOD PLAST INDUSTRIES
  • Semcorp.
  • SK Innovation Co. Ltd.
  • Solvay SA
  • Sumitomo Chemical Co. Ltd.
  • Targray Technology International Inc.
  • TDK Corp.
  • Teijin Ltd.
  • Thermo Fisher Scientific Inc.
  • Toray Industries Inc.
  • Ube Corp.
  • W-SCOPE Corp.
  • Xiamen Lith Machine Ltd.
  • Yasui Seiki Co. Ltd.
.

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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 (LIB) separator market is experiencing significant growth due to the increasing demand for renewable energy sources, such as wind and solar, and the adoption of electric vehicles (EVs) and energy storage solutions (ESS). Venture capitalists are heavily investing in this sector, recognizing the long-term potential of LIBs in reducing Greenhouse gas emissions and meeting emission regulations. Separators, made from polymer materials like polypropylene (PP) and polyethylene (PE), play a crucial role in ensuring thermal stability, safety mechanisms, and ion transport in LIBs. Their porosity, thickness, and ionic charge carrier properties are essential for optimizing battery performance and safety. Government programs, tax incentives, subsidies, and rebates are driving infrastructure development in charging station infrastructure and the car manufacturing market. However, the risk of fire and overheating remains a concern, necessitating continuous research and development in battery design and safety mechanisms. Smartwatches, laptops, pacemakers, and battery-operated medical devices are just a few consumer electronics that rely on LIBs for their high energy density. The market for LIBs in decentralized energy systems, such as portable ventilators and infusion pumps, is also growing. The International Energy Agency predicts that LIBs will continue to dominate the energy storage battery market due to their long cycle life and high energy density. The future of this market is promising, with continued investment in research and development, and the integration of LIBs into various industries, from renewable energy to automotive.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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