{"id":571199,"date":"2021-10-26T21:50:01","date_gmt":"2021-10-26T21:50:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=571199"},"modified":"2021-10-26T21:50:01","modified_gmt":"2021-10-26T21:50:01","slug":"lithiumion-battery-separator-market-to-reach-usd-1242-billion-by-2026-exclusive-report-by-mordor-intelligence","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/lithiumion-battery-separator-market-to-reach-usd-1242-billion-by-2026-exclusive-report-by-mordor-intelligence_571199.html","title":{"rendered":"Lithium-Ion Battery Separator Market to Reach USD 12.42 Billion by 2026 – Exclusive Report by Mordor Intelligence"},"content":{"rendered":"
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Mordor Intelligence<\/div>\n<\/div>\n<\/div>\n
In November 2020, Japan introduced tax incentives and create a research fund to support green investment, as the government is pushing to meet a target of carbon neutrality. The incentives are expected to be targeted at boosting investment in wind turbines, next-generation lithium-ion batteries for electric and hybrid vehicles, and semi-conductors that regulate voltage and save power. Increasing tax incentives for the Li-ion industry can aid the growth of lithium-ion batteries and separators.<\/div>\n

Lithium-Ion Battery Separator Market Overview<\/strong>The lithium-ion (LIB) battery separator market was valued at USD 5.32 billion in 2020, and it is expected to reach USD 12.42 billion by 2026, registering a CAGR of 16.21% during the forecast period of 2021-2026. The price of lithium-ion batteries has fallen steeply over the past 10 years, driving the demand for the market. 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 monumental growth. This, in turn, is expected to drive the lithium-ion battery separator market.<\/p>\n

Download a free sample here – <\/strong>Lithium-Ion Battery Separator Market<\/a><\/p>\n

Lithium-Ion Battery Separator Market – Geographical Overview<\/strong> <\/p>\n

Asia-Pacific is expected to be the fastest-growing market during the forecast period<\/strong><\/p>\n

The demand for lithium-ion batteries in the region is expected to grow rapidly, owing to the growth in the adoption of new energy vehicles (NEVs) and ESS for on-grid and off-grid applications. The development of NEVs is further boosted by the mandates put forth by the Chinese government. Countries like Australia, India, and Vietnam are also planning to set up li-ion battery manufacturing facilities in their countries in the near future. China has also adopted a national New Energy Vehicle Subsidy Program in April 2020 to boost EVs’ sales further. China is further expected to dominate with a 57% share of the global EV market by 2030.<\/p>\n

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