According to a market report by Lucintel, the future of the global battery separator market looks promising with opportunities in in the transportation, consumer electronics, and industrial sectors. The global battery separator market is expected to reach an estimated $15 billion by 2030 from $4.8 billion in 2023, at a CAGR of 17% from 2023 to 2030. The major drivers for this market are rapid growth in electric vehicle production and rising demand for lithium-ion battery in industrial and power storage applications.
Browse 161 figures / charts and 126 tables in this 277 –page report to understand trends, opportunity and forecast in battery separator market to 2030 by material type (polyethylene, polypropylene, and others), by end use industry (transportation, industrial, consumer electronics, and others), battery type (lead acid and Li-ion), by technology (dry battery separator and wet battery separator) and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that transportation will remain the largest end use industry and it is also likely to experience the highest growth over the forecast period due to growing demand for the lithium ion batteries in electric vehicles considering environment sustainability, declining cost of lithium ion batteries, and lower cost of electricity as fuel compare to gasoline.
Lithium-ion will remain the largest application over the forecast period. It is also expected to witness the highest growth over the forecast period supported by increasing usage in electric vehicles and power storage applications along with decreasing price of lithium ion batteries.
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Asia Pacific will remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period supported by growing usage in power storage applications and growing stringency in government regulation to replace diesel based vehicles with electric vehicles considering environment pollution.
Semcorp, Toray Industrie, SK Innovation, Asahi Kasei, Sumitomo Chemical, Entek International, UBE are the major suppliers in the battery separator market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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