Battery Separator Market Size to Grow by $ 3.74 billion through 2021-2025  

Technavio research projects the battery separator market to grow by $ 3.74 bn, accelerating at a CAGR of almost 17% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Battery Separator Market: Key Market Driver

One of the primary factors that will trigger the growth of the battery separator market size is growing environmental concerns and rise in GHG emissions which have compelled countries across the world to shift their focus toward the adoption of EVs. Countries such as the UK, France, and the Netherlands are planning to replace diesel vehicles with EVs completely. China is restricting new ownership of diesel and gasoline cars and is offering subsidies to encourage the adoption of EVs. China, Japan, and South Korea (Republic of Korea) are the key markets for battery separators in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The rising demand for batteries will facilitate the battery separator market growth in APAC over the forecast period. The above-mentioned factors are increasing the adoption of EVs, which will drive the demand for batteries from the automotive sector. This will drive the demand for battery separators during the forecast period.

This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Battery Separator Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Asahi Kasei Corp., Dreamweaver International, Freudenberg SE, Hokuetsu Corp., Microporous GmbH, SK Innovation Co. Ltd., Solvay SA, Sumitomo Chemical Co. Ltd., Toray Industries Inc., and Ube Industries Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

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