NEW
YORK, July 4, 2024 /PRNewswire/ -- The global
lithium-ion battery (LIB) separator market size is estimated to
grow by USD 2.97 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 11.53% during the forecast period. Rising demand for
smart devices is driving market growth, with a trend towards high
uptake rate of wet separators in automotive industry. However,
safety concerns due to inefficiency of separators poses a
challenge. Key market players include Asahi Kasei Corp., BenQ
Materials Corp., Coperion GmbH, Entek International LLC, LG Chem
Ltd., Mitsubishi Paper Mills Ltd., MOD PLAST INDUSTRIES, Semcorp.,
SK Innovation Co. Ltd., Solvay SA, Sumitomo Chemical Co. Ltd.,
Targray Technology International Inc., TDK Corp., Teijin Ltd.,
Thermo Fisher Scientific Inc., Toray Industries Inc., Ube Corp.,
W-SCOPE Corp., Xiamen Lith Machine Ltd., and Yasui Seiki Co.
Ltd..
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Lithium-Ion Battery
(Lib) Separator Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
11.53%
|
Market growth
2024-2028
|
USD 2971.4
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
10.45
|
Regional
analysis
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 55%
|
Key
countries
|
China, US, Germany,
Japan, and India
|
Key companies
profiled
|
Asahi Kasei Corp., BenQ
Materials Corp., Coperion GmbH, Entek International LLC, LG Chem
Ltd., Mitsubishi Paper Mills Ltd., MOD PLAST INDUSTRIES, Semcorp.,
SK Innovation Co. Ltd., Solvay SA, Sumitomo Chemical Co. Ltd.,
Targray Technology International Inc., TDK Corp., Teijin Ltd.,
Thermo Fisher Scientific Inc., Toray Industries Inc., Ube Corp.,
W-SCOPE Corp., Xiamen Lith Machine Ltd., and Yasui Seiki Co.
Ltd.
|
Market Driver
Lithium-ion battery separators are essential components,
available in two types: dry and wet. The manufacturing process
involves extrusion for film preparation and stretching for porous
structure formation. Dry separators, used in automotive
applications, have slit-like micropores and a straight structure.
Wet separators, popular in consumer electronics, have a tortuous
structure and interconnected micropores, preventing dendrite
growth. Wet separators are thinner and stronger, with advantages
like increased energy density and improved safety through ceramic
coatings. The automotive industry's growing need for longer EV and
PHEV ranges drives wet separator adoption, boosting the global LIB
separator market.
The Lithium-Ion Battery (LIB) separator market is experiencing
significant growth due to increasing trends in automotive and
battery-operated medical devices. Automakers are investing heavily
in EVs, driving demand for high-performance LIBs with long cycle
life and energy density. In the consumer electronics market, the
need for smaller, lighter, and longer-lasting batteries is fueling
innovation. Government programs and grants, such as those aimed at
reducing CO2 emissions and greenhouse gas emissions, are also
boosting the market. Infrastructure development for charging
stations and charging infrastructure is crucial for EV adoption,
making separators an essential component. Battery design
advancements, including the use of polymer materials like nylon,
polyethylene (PE), and polypropylene (PP), and improvements in ion
transport and porosity, are enhancing battery performance and
safety. The market for LIBs in decentralized energy
systems and battery-operated medical devices, such as pacemakers
and infusion pumps, is also expanding. Despite challenges like
overheating and the need for charging infrastructure, the market is
expected to continue growing, driven by increasing EV adoption and
emission regulations. Investment decisions in LIBs for energy
storage solutions (ESS LIBs) and EV LIBs will be key to the
market's future success. The International Energy Agency predicts
that LIBs will play a crucial role in the transition to a
low-carbon economy, making it an exciting space for innovation and
growth.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- Lithium-ion batteries are widely utilized in various electronic
devices and automotive industries due to their superior
electrochemical performance and high energy density. The batteries
consist of three primary components: the cathode, anode, and
electrolyte. The separator, a crucial element, facilitates the flow
of lithium-ions between electrodes during charging and discharging
without participating in cell reactions. Separator efficiency is
vital for battery safety, as inefficient separators can increase
the risk of cell reactions, which, though rare, can be hazardous.
This concern may hinder the expansion of the global lithium-ion
battery (LIB) separator market during the forecast period.
- The Lithium-Ion Battery (LIB) separator market is experiencing
significant growth due to the increasing demand for energy storage
solutions, particularly in Electric Vehicles (EVs) and Electric
Vehicle Li-ion Batteries (EV LIBs). Government grants, programs,
subsidies, and tax incentives are driving investment decisions in
renewable energy sources and ESS LIBs, reducing greenhouse gas
emissions from fossil fuels. However, challenges such as
overheating, risk of fire, and safety mechanisms are crucial
considerations. Separator materials like nylon, polyethylene (PE),
polypropylene (PP), and polymer materials play a vital role in ion
transport and thermal stability. Ionic charge carriers and high
energy density are key features. Infrastructure development for EV
charging stations and grid energy storage is essential. Separator
thickness, porosity, and infusion pumps are also important factors.
Despite these challenges, venture capitalists continue to invest in
LIB technology to meet the growing demand for portable devices like
laptops, smartwatches, and medical devices, as well as large-scale
applications like solar and wind energy.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This lithium-ion battery (lib) separator market report
extensively covers market segmentation by
- Application
- 1.1 Automotive
- 1.2 Non-automotive
- Material
- 2.1 Polyethylene
- 2.2 Polypropylene
- 2.3 Nylon
- 2.4 Others
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Automotive- Lithium-ion batteries have become the
preferred choice for electric vehicles (EVs) and other
battery-powered applications due to their high energy density,
superior performance, and long-life cycle. These advantages make
lithium-ion batteries more attractive compared to other battery
technologies, despite their current high costs. The automotive
industry is leading the adoption of lithium-ion batteries, with the
market expected to grow significantly during the forecast period.
However, safety concerns associated with lithium-ion batteries are
being addressed through the shift from dry separators to wet
separators. This transition will enhance battery safety and
reliability, further driving market growth. The competition from
fuel cells is also increasing, but separator inefficiencies remain
a challenge. Despite these hurdles, the superior performance and
environmental benefits of lithium-ion batteries will continue to
fuel their adoption in the automotive sector. In addition to the
automotive industry, lithium-ion batteries are also extensively
used in other applications such as golf carts due to their
lightweight and low environmental footprint. The declining prices
of lithium-ion batteries, driven by high production volumes and
ongoing research and development activities, will further boost
market growth. Overall, the global lithium-ion battery (LIB)
separator market is poised for significant growth in the automotive
sector due to these factors.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Lithium-Ion Battery (LIB) separator market is witnessing
significant growth due to the increasing adoption of renewable
energy sources such as solar and wind power. These energy sources
generate intermittent power, making energy storage solutions like
LIBs essential for ensuring a consistent power supply. LIBs offer
high energy density, making them ideal for various applications,
from powering electric vehicles (EVs) to energy storage systems
(ESS) for decentralized energy systems. The use of
LIBs in EVs is on the rise due to subsidies and government
incentives, leading to a surge in demand. Separators, crucial
components of LIBs, are made from polymer materials like
polyethylene and polypropylene. Ionic charge carriers in separators
facilitate the movement of lithium ions between the cathode and
anode during charging and discharging. The market is also driven by
the growing charging station infrastructure and the need to reduce
greenhouse gases, including CO2 and NOX, from the atmosphere.
Strategies to improve the performance and longevity of LIBs, such
as enhancing energy density and reducing manufacturing costs, are
underway. LIBs are also used in various consumer electronics,
including laptops and smartwatches.
Market Research Overview
The Lithium-Ion Battery (LIB) separator market is experiencing
significant growth due to the increasing demand for energy storage
solutions in various industries. The automotive sector is a major
contributor, with the rise of electric vehicles (EVs) and the need
for high energy density batteries. In battery design, separators
play a crucial role in ensuring ionic charge carriers transport
efficiently between the cathode and anode. The market also caters
to battery-operated medical devices, such as pacemakers and
infusion pumps, requiring long cycle life and thermal stability.
The Car manufacturing market and charging infrastructure are also
driving the demand for LIBs, with charging station infrastructure
and charging stations becoming increasingly important. The market
is influenced by emission regulations, renewable energy sources,
and government programs, including grants, subsidies, and tax
incentives. The separator market is also impacted by the risk of
overheating, safety mechanisms, and the use of polymer materials
like polyethylene (PE) and polypropylene (PP) with appropriate
porosity. The consumer electronics market, including laptops,
smartwatches, and portable ventilators, also contributes to the
market growth. The International Energy Agency and venture
capitalists are investing in LIB research and development to
improve energy density, reduce the cost, and enhance safety
features. The market is also influenced by the adoption of EVs, ESS
LIB, and the integration of LIBs with renewable energy sources like
solar and wind. However, challenges like the risk of fire and the
need for infrastructure development remain.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Automotive
- Non-automotive
- Material
-
- Polyethylene
- Polypropylene
- Nylon
- Others
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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