Major Players of Battery Separator Market are Toray Industry Inc., Asahi Kasei Corporation, SK Innovation Co. Ltd., Freudenberg SE, ENTEK International LLC, Dreamweaver International, Eaton Corporation, Sumitomo Chemical Co.
New York, Nov. 29, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of “Battery Separators Global Market Report 2022: Ukraine-Russia War Impact” – https://www.reportlinker.com/p06368514/?utm_source =GNW
Ltd., Bernard Dumas, W-Scope Corporation, Ube Industries, DuPont de Nemours Inc., Celgard LLC, Electrovaya Inc and Mitsubishi Chemical Corporation.
The global battery separator market is expected to grow from $3.67 billion in 2021 to $4.29 billion in 2022 at a compound annual growth rate (CAGR) of 16.9%. The Russian-Ukrainian war has disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions against several countries, a spike in commodity prices and supply chain disruptions, affecting many markets around the world. The battery separator market is expected to reach USD 8.13 billion in 2026 with a CAGR of 17.3%.
The Battery Separators market consists of the sale of battery separators by entities (organizations, independent marketers, and partnerships) used to facilitate maximum ionic conductivity during cell charging and discharging to ensure strength, resistance, chemical permeability and protection against short circuits. Battery separators refer to a polymer membrane that mechanically separates an anode and a cathode in a cell.
The main types of batteries in battery separators are Li-ion, lead-acid and other battery types. Lithium-ion refers to a membrane separating the anode and cathode in lithium-ion batteries, and polyolefin is a battery separator material with low cost and maximum chemical stability.
The main types of materials are polypropylene, polyethylene and other materials. The main end users are automotive, industrial, consumer electronics and other end users.
Asia-Pacific was the largest region in the Battery Separator Market in 2021. Regions covered in this Battery Separator Market report are Asia-Pacific, Western Europe, Eastern Europe East, North America, South America, the Middle East and Africa.
Rising demand for consumer electronics and electric vehicles is expected to propel the battery separator market growth in the future. Consumer electronics refers to any electronic product intended for end users or consumers to purchase and use for everyday, non-commercial or professional purposes. , while electric vehicles are those that run on electricity rather than an internal combustion engine, which generates power by burning fuel and gases.
Battery separators help consumer electronics and electric vehicles by ensuring an efficient flow of electricity. For example, in 2022, according to the Economic Times, an Indian newspaper, sales of consumer electronics increased by 9% compared to the previous year.
Consumers are increasingly buying electronic clothing, laptops, smartphones, refrigerators and more. For example, in 2022, according to Insideev, a US-based news site, consumer electronics in the automotive sector, such as sales of electronic cars in the United States, accounted for 1.6 million in the first quarter of 2022. , more than 60% compared to the previous year. Hence, an increase in the demand for consumer electronics and electronic vehicles is driving the growth of the battery separator market.
Product innovations have emerged as the new trend gaining popularity in the battery separator market. Major companies operating in the battery separator market are focusing on developing innovative products with advanced technologies to maintain their position in the battery separator market.
For example, in November 2020, Toray Industries, a Japan-based materials manufacturer, developed a non-porous separator for lithium-ion batteries by improving the safety of metal-anode lithium batteries, which could significantly increase capacity, especially in portable electronic gadgets, drones and electric cars. This was done by regulating the gaps between molecular chains and the affinity for lithium ions using high heat resistant aramid polymer molecular design technologies.
In September 2021, Entech Technology Inc., a US-based designer, manufacturer and seller of battery separators, completed the acquisition of Nippon Sheet Glass Co. Ltd. for an undisclosed amount. This acquisition helps Entech expand and strengthen its global presence in Japan and China. Moreover, the joint venture of Nippon Steel and Entech in Indonesia helps to strengthen their position and win the trust of customers. Nippon Sheet Glass Co. Ltd. is a Japan-based glass and glazing products manufacturing company operating in the battery separator market.
The countries covered in the Battery Separators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
The Battery Separators Market research report is one of a series of new reports that provide statistics on the Battery Separators market, including global market size, regional shares, competitors holding share market segments, detailed Battery Separator market segments, market trends and opportunities, and any other data you may need to thrive in the Battery Separator industry. This Battery Separator Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
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