Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.8 Billion | USD 13.1 Billion | 7.6% | 2023 |
FrequentlyAsked Questions
A separator is a necessary component of a lithium-ion battery that allows the effective flow of ions and prevents electrically short-circuiting of the positive and negative electrodes.
The lithium-ion battery separator market is expanding due to several factors, such as the growing adoption of EVs across the globe, increasing product launches, growth in the consumer electronics industry, technological advancements, and many others.
According to the report, the global lithium-ion battery separator market size was worth around USD 6.8 billion in 2023 and is predicted to grow to around USD 13.1 billion by 2032.
The global lithium-ion battery separator market is expected to grow at a CAGR of 7.6% during the forecast period.
The global lithium-ion battery separator market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the presence of major players and the growing consumer electronics industry.
The global lithium-ion battery separator market is dominated by players like Asahi Kasei Corporation, Beijing SOJO Electric Co. Ltd., Cangzhou Mingzhu Plastic Co. Ltd., Mitsubishi Paper Mills Limited (Oji Paper Co. Ltd.), ENTEK International LLC, Shanghai Energy New Materials Technology Co. Ltd., Sumitomo Chemical Co. Ltd., SK Innovation Co. Ltd., Teijin Limited, Toray Industries Inc., UBE Corporation and W-SCOPE Corporation among others.
The lithium-ion battery separator market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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