Global Lithium-Ion Battery Separator Market Insights and Forecast to 2028

Lithium Ion Battery Separator Market Statistics 2028

The global Lithium-Ion Battery Separator market size is estimated to be worth US$ 3808.9 million in 2022 and is forecast to be a readjusted size of US$ 6565.8 million by 2028 with a CAGR of 9.5% during the review period. Lithium-ion battery separators are needed for reducing abnormal heat generation in battery cells. Key drivers of the lithium-ion battery separator market include the increasing adoption of electric vehicles due to strict government regulations regarding environmental pollution. 

The rising use of consumer electronics such as smartphones, tablets, and advancements in battery technology will drive the growth of the lithium-ion battery separator market during the forecast period. The increasing penetration of off-grid solar systems will surge market growth in the coming years.

Trends Influencing The Global Lithium Ion Battery Separator Market

Increasing preference for EVs 

The market for electric vehicles is booming as automotive manufacturers make the transition towards plug-in or hybrid electric cars due to strict government mandates for curbing carbon discharge. Lithium-ion batteries are used in these vehicles and are made with flammable electrolytes. Lithium-ion separators are used for melting in case of excess heat generation which closes the main battery mechanism before the ignition. These separators act as the main foundation of battery technology. This in turn will augment the growth of the lithium-ion battery separator market in the coming years.

Rising use of electronic devices and advancements in battery technology

The number of smartphones, tablets, laptop users is rising significantly. The boom in digitization and increased consumption has accelerated the demand for the market. In addition to it, the continuous advancements in battery technology have spurred the use of lithium-ion batteries. They provide faster charging, long shelf life, and cycling performance with a variety of cell designs and chemistries. This necessitates the need for superior composite material for battery separators for ensuring consistency and reliability. These factors provide lucrative opportunities for battery separator manufacturers thereby driving the growth of the lithium-ion battery separator market during the forecast period.

Off-grid solar systems

The cost of lithium-ion batteries is decreasing. This has fueled the use of these batteries in off-grid solar systems as compared to traditional solar systems. Off-grid energy storage prevents power outages, is easy to install, and controls rising electricity charges. Lithium-ion battery separators are used by users of grid solar systems for controlling electrical circuits. This will drive the growth of the lithium-ion battery separator market during the review period.

Lithium Ion Battery Separator Market Share Analysis

Based on application, the largest application is Consumer Electronics, followed by Power Vehicle, etc. The power vehicle segment will provide huge scope for growth in the lithium-ion battery separator market share due to the increasing adoption of electric vehicles and demand for superior quality separators for providing heat resistance.

Based on region, China is the largest market, with a share over 45%, followed by Japan and South Korea, both having a share over 40%. The Asia-Pacific segment will grow the fastest due to the huge demand for composite battery materials and developments in the automobile industry. 

Global Lithium-Ion Battery Separator key players include Asahi Kasei, Toray, SK Innovation, UBE, Senior Tech, etc. Global five four manufacturers hold a share over 65%.

In terms of product, Monolayer is the largest segment, with a share over 50%. 

Market Segment By Company

• Celgard
• Dreamweaver
• Entek
• Evonik
• SK Innovation
• Toray
• Asahi Kasei
• UBE Industries
• Sumitomo Chem
• Mitsubishi Chemical
• Teijin
• W-SCOPE
• Semcorp
• Senior Technology Material
• Jinhui Hi-Tech
• Zhongke Science & Technology
• Cangzhou Mingzhu
• Sinoma Science & Technology
• ZIMT
• Tianfeng Material
• DG Membrane Tech (SOJO Group)
• Newmi-Tech
• Hongtu LIBS Tech
• Gellec
• Zhenghua Separator
• Huiqiang New Energy
• Others

Market Segment By Type

• Single-Layer (PP/PE)
• Bilayer (PP/PE, PP/PP)
• Trilayer (PP/PE/PP)

Market Segment By Application

•     Consumer Electronics
•     Vehicles
•     Power Storage

Production By Region

•     North America
•     Europe
•     China
•     Japan
•     Other Regions

Consumption By Region

•     North America
•         United States
•         Canada
•         Mexico
•     Asia-Pacific
•         China
•         India
•         Japan
•         South Korea
•         Australia
•         Indonesia
•         Malaysia
•         Philippines
•         Thailand
•         Vietnam
•     Europe
•         Germany
•         France
•         UK
•         Italy
•         Russia
•         Rest of Europe
•     Central & South America
•         Brazil
•         Rest of South America
•     Middle East & Africa
•         GCC Countries
•         Turkey
•         Egypt
•         South Africa
•         Rest of Middle East & Africa

Scope of the Lithium Ion Battery Separator Market Report