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The battery separator market share is expected to increase by USD 3.74 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 17%.
This battery separator market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers battery separator market segmentations by application (lithium-ion battery, lead-acid battery, and others) and geography (APAC, North America, Europe, South America, and MEA). The battery separator market report also offers information on several market vendors, including Asahi Kasei Corp., Dreamweaver International, Freudenberg SE, Hokuetsu Corp., Microporous GmbH, SK Innovation Co. Ltd., Solvay SA, Sumitomo Chemical Co. Ltd., Toray Industries Inc., and Ube Industries Ltd. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The shift in the automotive industry to evs is notably driving the battery separator market growth, although factors such as disadvantages of lead-based batteries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the battery separator industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Battery Separator Market Driver
One of the key factors driving the battery separator market growth is the shift in the automotive industry to EVs owing to growing concerns over environmental pollution and a shift toward a more sustainable ecosystem in the automotive industry. Various countries have framed policies to reduce air pollution levels, as well as vehicle emissions. On average, gasoline or conventional vehicles release double the amount of GHGs than EVs. Therefore, with the aim of reducing emissions and carbon footprint, the automotive industry is shifting its focus toward electrified cars. In an EV, the battery pack consists of tens to thousands of Li-ion batteries, which are called cells. These cells are either cylindrical, prismatic, or laminate in shapes. Depending on the design of vehicles, EV manufacturers use these cells to deliver higher levels of performance. Such factors, coupled with the increased sales of EVs, will drive the demand for batteries from the automotive sector. The increased demand for batteries for EVs will significantly contribute to the growth of the global battery separator market.
Key Battery Separator Market Trend
Declining costs of battery storage systems is the major trend influencing the battery separator market growth. Batteries are one of the most widely used ESSs around the world. The costs of battery systems have reduced since 2010 due to the improvements in hardware, economies of scale, and the standardization of system design and engineering. During the forecast period, the prices of battery systems such as lead-acid and lithium-ion are expected to decline to half of the present prices, and the prices of flow batteries are expected to reduce to one-third of the present prices. The sales of battery systems are growing due to the high adoption of ESSs. With the increase in sales, economies of scale have increased, and consequently, the prices of battery systems have reduced. By 2030, the cost of lead-acid battery-based ESS will be reduced to half of the cost in 2016. Such cost reductions, coupled with the enhanced performance of lithium-ion batteries, will boost the sales of these batteries and will drive the growth of the global battery separator market during the forecast period.
Key Battery Separator Market Challenge
Disadvantages of lead-based batteries is one of the key challenges hindering the battery separator market growth. Lead-based batteries dominate the battery industry in terms of use, as these batteries are comparatively lower in cost and have a more mature technology than other battery technologies, such as lithium-ion batteries or NiMH batteries. However, lead-based batteries contain high levels of toxic lead oxide, which is a hazardous material that poses risks to both the environment and human health. An increase in lead pollution due to the improper disposal of lead components has led to restrictions on the use of lead in batteries. Advanced lead-acid batteries are preferred in several applications due to their cost advantages and reliability. However, when compared with substitute batteries, such as lithium-ion or nickel batteries, advanced lead-acid batteries are heavier and less durable. Thus, the disadvantages associated with lead-acid batteries will limit the demand for lead-acid batteries and, subsequently, separators.
This battery separator market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global battery separator market as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the battery separator market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the battery separator market encompasses successful business strategies deployed by the key vendors. The battery separator market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The battery separator market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the battery separator market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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56% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for battery separator in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Owing to the rising demand for batteries will facilitate the battery separator market growth in APAC over the forecast period. The adoption of microgrids has increased in APAC due to the rising installation of renewables and the lack of reliable grid infrastructure. Microgrids are used by utilities to increase energy resilience. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The market for these devices is also witnessing a boom in APAC owing to factors such as increasing disposable income of the population, rising Internet penetration, and the availability of low-cost devices. The battery separator market in APAC is witnessing certain challenges, owing to the COVID-19 outbreak. Since early 2020, many countries have been imposing nationwide lockdowns to prevent the community spread of the disease. The outbreak affected the economy of the region, supply chains, and the industrial and commercial sectors in 2020 and early 2021. The increasing incidence of COVID-19 in APAC is hindering supply chains and related activities and, subsequently, the demand for battery separators in the region. However, once travel restrictions are eased and the manufacturing sector and end-users, including automobiles and consumer electronics, begin to operate at full capacity with the containment of the disease, the regional market is expected to witness high growth during the latter half of the forecast period.
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The battery separator market share growth by the lithium-ion battery will be significant during the forecast period. The demand for lithium-ion battery separators is expected to witness rapid growth during the forecast period owing to the high demand for lithium-ion batteries from the EV industry as well as the declining prices of this battery technology.
Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the battery separator market size and actionable market insights on post COVID-19 impact on each segment.
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Battery Separator Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 17% |
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Market growth 2021-2025 |
$ 3.74 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
13.87 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 56% |
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Key consumer countries |
China, US, Japan, Germany, and South Korea (Republic of Korea) |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Asahi Kasei Corp., Dreamweaver International, Freudenberg SE, Hokuetsu Corp., Microporous GmbH, SK Innovation Co. Ltd., Solvay SA, Sumitomo Chemical Co. Ltd., Toray Industries Inc., and Ube Industries Ltd. |
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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, Market condition analysis for forecast period |
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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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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