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Lithium-ion Batteries Separator Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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COVID-19
Pandemic disrupted the entire world and affected many industries.
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A separator is a membrane placed between the anode and cathode of a battery to keep the electrodes apart and prevent short circuit. Lithium-ion battery separators are majorly manufactured from polymeric films, non-woven fibers, and ceramic materials. These polymeric semi-permeable membranes prevent electric conduction between the electrodes while allowing the ions to pass through them. The separators in a lithium-ion battery also act as a fuse that shuts down the batteries due to any unusual heating within the cell. Lithium-ion battery separators are widely used in the electronics industry in most of the portable electronic devices.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Material, Origin, Thickness, and Region |
Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
Companies covered | Asahi Kasei Corp., Freudenberg, Toray Industries Inc., Sumitomo Chemical Co. Ltd, Entek International LLC, SK Innovation Co. Ltd, W-Scope Corp., Ube Industries Ltd, Mitsubishi Electric Corporation, and Thermo Fisher Scientific Inc. |
COVID-19 scenario analysis:
The outbreak of the COVID-19 pandemic has severely affected the global lithium-ion batteries separator market.
- As a result of the global economic slowdown caused by the pandemic, the demand for electric vehicles has decreased dramatically. This has caused a steep fall in the demand for lithium-ion batteries in the electric vehicle segment.
- Moreover, due to the decrease in disposable income among consumers, the demand for electronic appliances and gadgets has also decreased exponentially. This has a direct impact on the lithium-ion batteries separator market.
- Moreover, China was a major market for lithium-ion batteries separators due to the massive electronics industries present in the region. Therefore, the complete shutdown of the nation caused a great deal of damage to the global lithium-ion batteries separators market.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The major factors responsible for the growth of the lithium-ion batteries separator market are rapid technological advancements in the electrical and electronics segments across the globe and increase in the number of applications of lithium-ion batteries in different electrical appliances and gadgets. Moreover, the growing popularity of electric vehicles has also boosted the demand for lithium-ion battery and separators in the automobile sector. The growing concern about emissions from conventional vehicles has also resulted in the adoption of modern electric vehicles, thereby driving the demand for lithium-ion batteries in the market. On the other hand, lithium-ion batteries are also being adopted as an effective storage system for off-grid power plants. This drives the growth of the lithium-ion batteries separator market. However, volatile prices of raw materials might act as a restraining factor for the market.
In terms of market share, the North America region accounts for the major fraction of the global lithium-ion batteries separator market due to high demand for lithium-ion batteries from electric vehicle and consumer electronics applications in developed nations such as the U.S. The market in the Asia Pacific region is also expected to grow at a significant pace due to the presence of a massive electronics sector in the emerging economies of the region.
Key segments covered:
Segments | Sub-segments |
Material |
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Origin |
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Thickness |
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Key benefits of the report:
- This study presents the analytical depiction of the global lithium-ion batteries separator market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global lithium-ion batteries separator market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global lithium-ion batteries separator market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the lithium-ion batteries separator market research report:
- Which are the leading market players active in the market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
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