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The lithium-ion battery separator market is expected to witness significant growth during the forecast period due to the increasing demand for electric vehicles. The market is highly competitive, with major players focusing on research and development activities to gain a competitive edge. The growing trend of renewable energy is expected to further drive the demand for lithium-ion batteries and separators in the future.
Some of the Other Drivers:
However, there are a number of restraints that can prevent the lithium-ion battery separator market from growing as much as anticipated in the upcoming years. The following are some of the major obstacles to the market for lithium-ion battery separators:
Lithium ion battery market is currently dominating the battery market globally due to its rising applications. They power most of the devices that we carry around with us, such as Consumer Gadgets, Cell phones, Laptops, MP3 Players, Digital cameras, etc. Lithium batteries are among the most energetic rechargeable batteries available today because of their excellent energy-to-weight ratio. They get their name from lithium ions that move from the cathode to the anode during discharge and cathode during recharging.
The increasing market for li-ion battery technology has increased the demand for li-ion battery separators to improve properties, performance, durability & safety at an acceptable cost. The li-ion Battery separator is a separator that electrically insulates between cathode and anode to prevent an electric short circuit between the anode and cathode and also helps to reduce the heat production.
Lithium-ion Battery separators separate cathode (negative electrode) and anode (positive electrode) materials within a cell mechanically. These separators prevent short circuits between the battery's internal components. It also allows for maximum ionic conductivity during charging or discharging. Lithium-ion battery separators are designed to shut down the batteries in the event of overheating or short circuits because they are porous, chemically, and electrochemically stable to the electrolyte and electrode materials in a battery.
Electric vehicles have been growing in popularity, and the shift towards the manufacturing of EVs has been increasing the demand for lithium-ion batteries, which has, in turn, raised the need for lithium-ion separators. In recent years, the development of energy-storage devices with high energy and power densities has increased enormously. Thus, lithium-ion batteries are one of the most promising solutions for these storage systems. Thereby, it upsurges the use of lithium-ion battery separators and provides a positive environment for the market to grow.
The automotive sector holds a significant share of the lithium-ion battery separator market due to increasing EV demand. Worldwide EV sales have remained high. In 2022, a total of 10,5 million new BEVs and PHEVs were delivered, representing a +55% increase over 2021. EV market share increased from 8.3% in 2021 to 13.0% in 2022.
Electric vehicles (EVs) have become an essential part of the automotive sector due to environmental concerns and government norms. For instance, Volvo announced selling hybrid or EVs. BMW, Daimler, and Volkswagen had announced EV sales targets of 15-25% by 2025. Similarly many automobile OEMs have announced their EV targets to capture the market. Thus, lithium-ion batteries find implementation in electric vehicles using battery separators to improve the safety and life cycle. Thereby, the specific advantage of the battery separator lies in the capability of contributing to the enhanced safety of batteries owing to its distinct structure, thereby promoting its use for electric vehicles.
Regional Market Analysis
Asia-Pacific is expected to be the leading region in the li-ion battery Separator market during the forecast period, followed by Europe, North America, the Middle East, and South America.
With the rapid expansion of electric vehicles (EV) market and renewable energy market, the Lithium-ion Battery Separator Market demand is expected to increase, especially in China, India, South Korea, Japan, and Australia.
Asia-Pacific holds a significant share of the lithium-ion battery separators market due to an increased electric vehicle investment in consumer electronics, smart grids, and others. The evolution of smart grid systems in developing countries such as China, India, and others has been emerging enormously due to realizing the need for large-scale power consumption.
The new report from Blackridge Research on the Global Lithium ion Battery Separator provides comprehensive qualitative and quantitative analyses along with a deep insight into the current and future of the market.
The study covers all the major underlying market dynamics that help the market develop and grow and the factors that constrain global market growth.
The report includes a meticulous analysis of each factor, explaining the relevant, qualitative information with supporting data.
Each factor's respective impact in the near, medium and long term will be covered using Harvey balls for visual communication of qualitative information and functions as a guide for you to analyse the degree of impact.
This market research report discusses the overview of the market, latest updates, important commercial developments and structural trends, and government policies and regulations.
This section also provides an assessment of COVID-19 impact on lithium ion battery separator demand.
The report provides the global lithium ion battery separator market size and demand forecast until 2028.
The report examines the critical elements of the lithium-ion battery separator industry supply chain, its structure, and the participants.
Using Porter's five forces framework, the report covers the assessment of the lithium-ion battery separator industry's state of competition and profitability.
The report dissects the global lithium ion battery separator market into various segments by separator material types (Polypropylene, polyethylene, and others). A detailed summary of the current scenario, recent developments, and market outlook will be provided for each market segment.
Further, market share, size, and demand forecasts will be presented, along with various drivers and barriers for individual market segments.
Effective market segmentation enables you to identify emerging trends and opportunities for long-term growth. Contact us for a "bespoke" market segmentation to better align the research report with your requirements.
The report covers detailed profiles of major countries across the world. Each country's analysis covers the current market trends, drivers, restraints, government policies & regulations, and market outlook.
In addition, market size, demand forecast, and growth rates will be provided for all regions. Following are the notable countries covered under each region.
North America - United States, Canada, Mexico, and Rest of North America
Europe - Germany, France, United Kingdom (UK), and the Rest of Europe
Asia-Pacific - China, India, Japan, South Korea, Rest of APAC
Rest of the world - Middle East, South America, South Africa, and other African countries.
This report presents detailed profiles of Key lithium battery separator companies in the industry such as SK Innovation Co. Ltd, Entek International LLC, UBE Industries, Ltd, Toray Industry, etc. In general, each company profile includes - an overview of the company, relevant product portfolio and services, a financial overview, business strategy, and recent developments.
The report provides a comprehensive list of notable companies in the market, including mergers and acquisitions (M&As), joint ventures (JVs), partnerships, collaborations, and other business agreements.
The study also discusses the strategies adopted by leading players in the industry.
The Executive Summary will be jam-packed with charts, infographics, and forecasts. This chapter summarizes the findings of the report crisply and clearly.
The report begins with an executive summary chapter and ends with Conclusions and Recommendations.
The report also discusses current and future market possibilities, trends, advancements, the Covid 19 impact, the Ukraine and Russian War impact on the lithium-ion battery separator Market, essential developments, regions, and segments poised for the fastest growing competitive landscape.
Further, the lithium-ion battery separator Battery market size, and demand forecast, growth rates will also be provided in the report.
1. Executive Summary
2. Research Scope and Methodology
3. Market Analysis
4. Industry Analysis
5. Market Segmentation & Forecast
6. Regional Market Analysis
7. Key Company Profiles
8. Competitive Landscape
9. Conclusions and Recommendations
List of Tables & Figures
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