1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power
  5. > Energy Storage
  6. > Battery Market Trends
Lithium-Ion Battery Separator Market - Growth, Trends, and Forecast (2020 - 2025)

Lithium-Ion Battery Separator Market - Growth, Trends, and Forecast (2020 - 2025)

  • December 2020
  • 137 pages
  • ID: 6000975
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The market for lithium-ion battery (LIB) separator is expected to register a CAGR of more than 18.01%, during the forecast period 2020-2025. Major factors driving the market studied are the increasing adoption of lithium-ion batteries that significantly complements the growth of the lithium-ion battery separator market, as separators are an essential part of batteries. Adding to this, hassle-free government norms and declining prices of lithium-ion batteries, primarily due to improving economies of scale, are expected to drive the growth of the market studied. The increasing demand-supply mismatch of raw materials is likely to hinder the growth of the market studied.

- Electric vehicle (EV) manufacturers are emerging as a significant customer base for these batteries. The EVs primarily use lithium-ion batteries. The declining lithium-ion battery costs are impacting the cost of EV manufacturing. The EV industry is expected to witness a monumental growth. This, in turn, is expected to drive the lithium-ion battery separator market.
- Off-grid solar utilization gained immense popularity, as much as conventional solar power. The cost effectiveness of LIB battery storage systems emerged as an attractive proposition for the off-grid solar system consumers. Thus, it is providing a growth opportunity to the LIB battery component manufacturers, like the battery separator manufacturers.
- North America is one of the largest markets for lithium-ion battery separators, and is one of the largest consumers of batteries, owing to factors, such as increased electric vehicle deployment and spending on consumer electronics, along with significant improvement in consumer and manufacturing activities.

Key Market Trends
Increasing Adoption of Electric Vehicles

- Electric vehicle (EV) manufacturers are increasingly becoming one of the most significant customer bases of battery. Several countries have announced plans to ban the sales of ICE vehicles in the future. Norway is expected to ban the sales of ICE vehicles by 2025, and France by 2040. India has plans to phase out ICE engines by 2030, while China’s similar plan is currently under relevant research phase.
- The EVs mainly use lithium-ion batteries. The decline in lithium-ion battery costs has resulted in a decline in the cost of EV manufacturing. The EVs are expected to reach price parity with gasoline-fired vehicles, by around 2025.
- With rising demand from the EV sector, the production of lithium-ion batteries is increasing rapidly. As a result of the growing EV-related lithium-ion battery industry, the lithium-ion battery separator market has witnessed a positive growth.
- One EV car consumes 6,000 times more separators than a cellphone battery. With the growing EV industry, particularly in the United States, Europe, and China, the leading driver for the lithium-ion battery separator market has shifted from the consumer electronics, like laptops and cell phones, to electric vehicles.
- During the forecast period, the EV industry is expected to continue to witness high growth, which, in turn, is expected to drive the lithium-ion battery separator market during the forecast period.

North America as a Significant Market

- Over the years, the North American region emerged as one of the strongest economies in the world, as countries, such as the United States, Canada, and Mexico, are tightly integrated markets. North America, including the United States and Canada, is a pioneer in terms of research and innovation in the battery technology, including LIB separator (LIBS).
- The rising demand for LIBs in the United States is primarily due to an increase in the installation of renewable-based energy sources and their integration with ESS. Lithium-ion batteries are mostly used in energy storage systems (ESS). During 2010-2017, in the United States, the solar power price declined by more than 70%, from about USD 5.8/W in 2010, to USD 1.7/W in 2017, mainly attributed to the decline in solar panel cost. As a result, solar power became economically competitive, along with other conventional energy sources, in several states within the country, including California, Hawaii, Texas, and Minnesota. This, in turn, positively impacted the demand for ESS in the region.
- Moreover, the country is home to some of the leading EV model providers, such as Chevrolet’s Bolt EV and Volt, which are produced in Michigan, and Nissan’s Leaf EV, which offers excellent business growth opportunities for global LIBS players.
- The Canadian government is formulating initiatives to enhance the lithium-ion battery value chain in the country, by working with industrial partners and leading researchers in the field, in order to drive the development and testing of critical materials and components. The above-mentioned development is likely to create a positive business environment for the LIBS market in the country.
- The aforementioned factors are expected to drive growth in the lithium-ion battery separator market in the region. However, in the long term, the rising adoption of fuel cell electric vehicles is expected to restrain the adoption of lithium-ion-based EV, which may have a negative impact on the demand for LIBS, in the later part of the forecast period.

Competitive Landscape
The lithium-ion battery separator market is fragmented. The key market players include Asahi Kasei Corp., 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.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

India Lithium-Ion Battery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • $ 3250
  • March 2021
  • 137 pages

The market for lithium-ion batteries in India is expected to grow at a CAGR of 12.47% during the forecast period. The market value of 2019 is USD 1.89 billion and the estimated market value for the yea ...

  • India
  • Lithium-Ion Battery
  • Battery
  • Industry analysis
  • Inflation Rate
  • Battery Import

ref:plp2020

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on