Battery Separator Market Size, Industry Analysis By 2019-2025

The Battery Separators Market is rapidly growing owing to the increasing demand for consumer electronics and automobile in the developing regions. Battery separators are a class of permeable membranes that acts as a barrier between the anode and the cathode in a battery thereby preventing electrical short circuits and efficient and better flow of current. These battery separators substantially impact the performance, power density and extends the shelf life of the batteries.

The growing economic prosperity in the Asia Pacific region has resulted in a surge of smart phones and other consumer electronics demand. This in turn is anticipated to positively impact the overall battery separators market size during the assessment period. According to the United Nations, The Economic and Social Commission for Asia and the Pacific (ESCAP), the global internet retailing market share of Asia Pacific will reach 48.5% of the global total in 2021 compared with 47.2% in 2017. Moreover, the growing research and development activities in the consumer electronics market shall further boost the demand for battery separator throughout the forecast period.

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In terms of battery type, the global battery separators market has been segmented into lithium-ion and lead acid batteries. Lithium-ion batteries are rechargeable batteries that are widely used in portable electronic devices whereas lead acid batteries are extensively employed in passenger and heavy duty vehicles.

Among the various battery types, lithium-ion battery segment was the dominant segment in 2018 and is projected to show the same trend throughout the forecast period. The growing demand for lithium-ion batteries in electric vehicles coupled with the growing innovation in the portable consumer electronics segment is anticipated to generate substantial gains throughout the given period 2019-2025.

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In terms of materials, the global battery separators market has been segmented into non-woven fibers, polymer films and ceramic embedded. The non-woven fibers are further classified into cotton, nylon, whereas the polymer films are further classified into polyethylene (PE), polypropylene (PP) and polyvinylchloride (PVC). Among the aforementioned segments of the global battery separators market, polypropylene segment is anticipated to generate substantial revenue during the forecast period. Polypropylene are versatile polymers that can be used in various applications including consumer electronics, automotive and others.

In terms of applications, the global battery separators market has been segmented into automotive, consumer electronics, power storage systems, construction equipment and others. The automotive and consumer electronics were the leading segments in 2018 and is projected to exhibit the same trend during the assessment period. The growing demand for passenger cars across the globe along with the increasing research and development expenditure in the development of electric cars is set to augment the growth of the segment throughout the forecast period.

Asia Pacific is estimated to grow at a significant CAGR in the battery separators market mainly due to rising disposable income coupled with the growing demand for automobiles mainly in developing countries such as China, India, and Japan among others. According to OICA, the global automobile production stood at 95.6 million units in 2018 which is a significant growth over 84.2 million units registered in 2012. Furthermore, the growing penetration of electrical vehicles in the region along with favorable regulations in Europe and North Ameroca is projected further propel the battery separators market growth during the assessment period.

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Some of the key market players in battery separators market include Toray Industry, Asahi Kasei, SK Innovation, Freudenberg, Entek International, W-Scope Industries, Ube Industries, Sumitomo Chemical, Dreamweaver International, Targray and Bernard Dumas among others.

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