Lucintel’s latest market report analyzed that battery separator provides attractive opportunities in the transportation, industrial, and building and construction sectors. The battery separator market is expected to reach $7.9 billion by 2026 with a CAGR of 17.1%. In this market, lithium-ion is the largest segment by battery type, whereas transportation is largest by end use industry. The development of ultra-high molecular weight polyethylene for battery separator and increasing R&D for future separator material like conductive glass separator provides strategic growth path in this market.
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Based on battery type, the battery separator market is segmented into lead acid and lithium-ion. The lithium-ion segment is accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period supported by increasing usage in electric vehicles and power storage applications along with decreasing price of lithium ion batteries.
Browse in-depth TOC on “Battery Separator Market”
126 – Tables
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279 – Pages
The battery separator market is marked by the presence of several big and small players. Some of the prominent players offering battery separator include Semcorp, Toray Industries, SK Innovation, Asahi Kasei, Sumitomo Chemical, Entek International, and UBE.
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