(MENAFN- PR Newswire) NEW YORK, Sept. 5, 2023 /PRNewswire/ -- The lithium-ion battery (LIB) separator market
is estimated to grow at a
CAGR of 10.91%
from 2022 to 2027. The
market size is forecast to increase by
USD
2.5262
billion, according to Technavio
Rising demand for smart devices is driving the market growth. Technological innovations such as improved interfaces, new features, and better connectivity drive the growing demand for smart devices. This has led to the innovation of varismart devices including wearables, tablets, and smartphones. Furthermore, these devices mainly rely on lithium-ion batteries due to their compactness, high energy density, and efficient performance. Hence, the rising demand for smart devices is expected to drive market growth during the forecast period.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Request sample report
Continue Reading
![Technavio has announced its latest market research report titled Global Lithium-Ion Battery (LIB) Separator Market 2023-2027]( "Technavio has announced its latest market research report titled Global Lithium-Ion Battery (LIB) Separator Market 2023-2027")
Technavio has announced its latest market research report titled Global Lithium-Ion Battery (LIB) Separator Market 2023-2027
Lithium-Ion Battery (LIB) Separator Market 2023-2027: Company Analysis
The market is fragmented, and the degree of fragmentation
will accelerate
during the forecast period. Competitors have to foon differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market companies also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. 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. are among some of the major market participants.
Company Offering
Asahi Kasei Corp. -
The company offers lithium-ion battery separators such as Celgard dry-process lithium-ion battery separators. Coperion GmbH -
The company offers lithium-ion battery separators such as Coperion battery separator films. Entek International LLC -
The company offers lithium-ion battery separators such as UHMWPE Separators.
Buy the report!
Lithium-Ion Battery (LIB) Separator Market 2023-2027: Market Dynamics
Major Trend
Declining prices of lithium-ion batteries are a major trend in the market.
Lithium-ion batteries make up a significant portion of the total cost of vehicles and machines. They are more expensive than lead or NiMH batteries. However, their production costs are significantly reduced. Recent years have seen a significant decrease in battery costs due to increased production volume, driving the growth of the LIB separator market. Furthermore, this trend is driven by the increasing use of automobiles and cost-effective manufacturing techniques developed by automakers, supported by government incentives, promoting the adoption of the use of lithium-ion-powered vehicles. Hence, these factors are expected to drive market growth during the forecast period.
Significant Challenge
Safety concerns due to the inefficiency of separators are a significant challenge restricting market growth.
Due to their superior electrochemical performance and high energy density compared to conventional batteries, these batteries are commonly used in variautomotive and electronic applications. They also exhibit improved environmental compatibility, intrinsic stability, and capacity. In addition, although separators are not actively involved in cell reactions, their physical properties determine the battery's performance. Although rare, events such as cell reactions can sometimes have sericonsequences. Hence, these factors are expected to restrict market growth during the forecast period.
For more details understanding of Market Dynamics download Sample reports
Lithium-Ion Battery (LIB) Separator Market 2023-2027: Segmentation
Lithium-Ion Battery (LIB) Separator Market is segmented as below:
Application
Automotive Non-automotive
Material
Polyethylene Polypropylene Nylon Others
Geography
APAC Europe North America Middle East And Africa South America
The automotive segment is estimated to witness significant growth during the forecast period. With its superiority over alternative batteries, lithium-ion batteries have many applications in electric vehicles (EVs) and other battery-powered vehicles. Unlike traditional vehicles, the high cost of electric vehicles comes from lithium-ion batteries. However, sustained research and development efforts, combined with large-scale production, are helping to reduce the cost of lithium-ion batteries. In addition, the outstanding performance of lithium-ion batteries is gradually replacing other options. These factors significantly support the growth of the lithium-ion battery separator (LIB) market. Hence, these factors are expected to drive segment growth during the forecast period.
For insights on global, regional, and country-level parameters with growth opportunities, historic (2017 to 2021) & forecast (2023-2027) –
Download a Sample Report
Lithium-Ion Battery (LIB) Separator Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027 Detailed information on factors that will assist lithium-ion battery (LIB) separator market
growth during the next five years Estimation of the lithium-ion battery (LIB) separator market
size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the lithium-ion battery (LIB) separator market Analysis of the market's competitive landscape and detailed information on companies Comprehensive details of factors that will challenge the growth of the lithium-ion battery (LIB) separator market, companies
Gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Related Reports:
The
a dvanced energy storage systems (AESS)
market
is estimated to grow at a
CAGR of 8.52% between 2022 and 2027. The market size is forecast to increase by USD 6,703.96 million. This advanced energy storage systems market report extensively covers market segmentation by application (grid storage and transportation), end-user (non-residential and residential), and geography (APAC, Europe, North America, South America, and Middle East and Africa). Growing adoption of renewable energy sources is the key factor driving the growth of the market.
The
flow battery market
is estimated to grow at a
CAGR of 22.16%
between 2022
and 2027. The
market size is forecast to increase by
USD 510.03 million.
This
flow battery market report extensively covers
market segmentation by type (redox and hybrid), variant (large scale and compact), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
This
flow battery market report extensively covers
market segmentation by type (redox and hybrid), variant (large scale and compact), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
| Lithium-Ion Battery (LIB) Separator Market Scope |
| Report Coverage | Details |
| Base year | 2022 |
| Historic period | 2017-2021 |
| Forecast period | 2023-2027 |
| Growth momentum & CAGR | Accelerate at a CAGR of 10.91% |
| Market growth 2023-2027 | USD 2,526.16 million |
| Market structure | Fragmented |
| YoY growth 2022-2023(%) | 9.91 |
| Regional analysis | APAC, Europe, North America, Middle East and Africa, and South America |
| Performing market contribution | APAC at 50% |
| Key countries | US, China, Japan, India, and Germany |
| Competitive landscape | Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
| 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 dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Technavio is a leading global technology research and advisory company. Their research and analysis foon emerging market trends and provide 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 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.
Comments
No comment