Battery Separators Market Size

Battery Separators Market Size

Global Battery Separators Market size was USD 6.6 billion in 2020 and will showcase a growth rate of around 16.1% CAGR from 2021 to 2027. Growing demand for battery separators in the automotive and consumer electronic industries will substantially add to the market growth during the assessment period.

Battery separators are a class of polymeric membranes kept between the positive and negative charged cathode and anode in a battery to prevent electrical short circuits. The separator is moisturized by an electrolyte that often acts as a catalyst for the movement of ions inside the battery. Battery separators are made from various materials including wood, rubber, polymer, cork, and cellulose, among others. In recent times, polyolefins are the most desired material for battery separators in various industrial verticals. Excellent mechanical properties coupled with low cost make polyolefin separators highly desirable in the consumer electronics industry.

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Growing demand for separators in various industries including the consumer electronics and automotive industries will boost the market demand during the forecast period. The increasing penetration of electronics vehicles will further surge the demand for lithium-ion batteries, in turn, propelling the use of battery separators. Additionally, the increasing adoption rate of wet separators and microgrids in the automotive industry is also projected to drive the battery separators market share throughout the assessment period.

Battery separators are important components in an electrical circuit. These membranes provide excellent benefits such as resistance, strength, chemical permeability, and safety toward electronic short circuits. Battery separators are used in all kinds of electric vehicles including plug-in electric vehicles, hybrid electric vehicles, battery electric vehicles, and others.

The growing government intervention to reduce the dependency on fossil fuels has resulted in the surging production of electric vehicles in recent times. Countries in Asia Pacific including China and Japan have become industrial hubs for electronic vehicles. The demand for battery separators in these countries is projected to exhibit exponential growth in the coming years. China, one of the major electric vehicle producers in the world, is anticipated to contribute over 40% in the overall battery separators market over the forecast period.

Growth can be attributed to the growing automotive and consumer electronics industries. The growing automotive industry coupled with the increasing penetration of consumer electronics in Asia Pacific is anticipated to open up huge opportunities in the market in the coming years.

Moreover, growing innovations in the electronics industry along with the penetration of energy storage systems will further aid product demand during the review period. However, stringent regulations on the use of polymeric materials coupled with safety issues related to the use of batteries in various applications are anticipated to be major downside to the battery separators market growth.