The key driving factor of the market is the growing demand for electric vehicles.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360-degree analysis of micro and macro-economic factors in the NA Battery Separator Films market. In addition, complete analysis of changes in the NA Battery Separator Films market expenditure, and economic and international policies on the supply and demand side. The report also studies the impact of pandemics on NA economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. The ongoing pandemic caused by the outbreak of COVID-19 disease is hampering industry growth. A decline in the production of automobiles and alleviated consumer buying power led to the downfall of the automotive industry, which, in turn, negatively impacted the battery separator industry.
Increasing demand for battery separator films in numerous industries including the automotive and consumer electronics industries will propel the market demand during the projection period. The growing penetration of electronics vehicles will further increase the demand for lithium-ion batteries, in turn, expanding the use of battery separator films. In addition, the growing adoption rate of micro-grids and wet process-based battery separator films in the automotive industry is also expected to propel the battery separator film market share throughout the forecast period. Furthermore, battery separator films are significant components in an electrical circuit. These films offer outstanding benefits such as chemical permeability, strength, resistance, and safety toward electronic short circuits. Battery separator films are also used in all types of electric vehicles including hybrid electric vehicles, plug-in electric vehicles, battery electric vehicles, and others.
The NA Battery Separator Films market is driven by increasing product demand in consumer electronics. The battery separator film is a major component of every Li-ion battery, which is placed between the cathode and anode and divides those two electrodes from each other to avoid internal short circuits. Therefore, the separator film plays a vital role, when it comes to battery reliability and safety. In the electronic application segment, battery separator films are widely used in applications such as laptops, computers, mobile phones, tablet pcs, cameras, and other portable electronic devices.
The market is expected to have a new opportunity with the growing demand for the product from the automotive and consumer industries is expected to provide ample new growth opportunities in the market during the forecast period. The escalating demand for the product from the automotive and consumer industries will significantly contribute to the market expansion. One of the key factors bolstering the demand for battery separators is the higher rate of adoption of electric vehicles. The increasing production of EVs is substantially boosting the usage of battery separators. Also, the rising penetration of microgrids and wet separators in the automobile sector is likely to drive the growth of the market.
The market has major restraining factors like Safety Issues Related to Batteries. Safety issues related to usage, storage, and transportation of batteries are a major restraining factor that could hamper the market growth. Lithium-ion batteries (LIBs) with outstanding performance are extensively used in electric vehicles (EVs) and portable electronics, but frequent explosions and fires limit their more widespread applications. Lithium-ion battery fire hazards are related to the high energy densities together with the flammable organic electrolyte is the factor restraining the market growth.
The large format cells hampered the growth of the market to a major extent which has created a major challenge for the market growth. Growing demand for large format cells that have more energy than usual small format cells is driving the need for the development of separators that have increased thermal stability compared to polyolefin materials. These larger format cells are being used in both power grid applications and electric vehicles and these batteries have a higher possibility to be a cause of thermal events like fire. These events can result in rapid large temperature increases and ultimately fires and even explosions.
The report provides an in-depth analysis of the NA Battery Separator Films market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With the increasing demand for various Battery Separator Films in various applications has led to the increasing demand for the market and is expected to witness growth at a CAGR at specific CAGR from 2021-2028.
The NA Battery Separator Films market comprises different market segments like type, battery, application and Country.
By type, the Battery Separator Films includes a key segment of
The standard separator film segment dominated the market in 2021 and is expected to maintain its dominance during the forecast period. The key factors boosting the growth of this segment include increasing demand for dry separators and wet separators from the automobile and electronics industry. Standard separator films are mostly used in the automobile industries and electronic device manufacturing companies. Therefore, the increasing use of dry separator films and wet separator films in applications such as high-performance lithium-ion batteries for consumer electronics, electric tools, and high-performance polymer batteries is attributed to the segment growth.
The Battery Separator Films market has a major battery in
The lithium-ion segment dominated the market in 2021 and is expected to maintain its dominance during the forecast period. The lithium-ion battery has a very high voltage and charges storage per unit mass and unit volume. A lithium-ion battery consists of many components. The key factors propelling the growth of the market are increasing usage and production of lithium-ion batteries, the constant development of smart devices and other industrial goods, decreasing prices of lithium-ion batteries, and an increasing number of R&D initiatives by manufacturers for improvements in Li-ion batteries. Likewise, the surge in the need for smartphones and other electronic devices and the growth of the electric vehicles market are some of the key factors that significantly drive the growth of the lithium-ion battery segment in the NA battery separators film market. An increasing number of these electrical devices and vehicles has increased the demand for lithium-ion batteries which ultimately propels the market growth.
The Battery Separator Films market has applications like
The automobile industry is dominating the market for the battery separator film market. Increasing production and sales of electric vehicles across the globe are the major driving factor behind the market growth. Furthermore, the United States is among the countries leading in NA EV sales, along with other economies like Canada, China, and Japan, which have already begun transforming their public transportation infrastructure to electric. However, automobile manufacturing plants produced and delivered very few automobiles owing to the NA supply chain disruptions resulting from lockdowns. This can impact the growth of the battery separator films market during the pandemic period.
The NA Battery Separator Films market is studied in the following region
The United States is anticipated to witness increasing demand for Battery Separator Films owing to the presence of well-established market players. The segment growth is underpinned by factors, such as robust demand for lithium-ion batteries from the automotive industry in conjunction with the shifting preference of consumers towards electric vehicles owing primarily due to the rising concern over greenhouse gas emissions. Moreover, technological advancements have led to the development of lighter lithium-ion batteries in recent years. The growing need for vehicle weight reduction to improve fuel efficiency and mitigate carbon emission makes the technologically advanced li-ion batteries a desirable choice for vehicle manufacturers.
The competitive landscape analysis of the Battery Separator Films market is majorly focused on expanding the NA growth of Battery Separator Films with new product innovation, business expansion, and the increasing presence of a range of manufacturers operating in Battery Separator Films has led to the growing demand for the market. Besides, the market offers a range of products in different applications to fulfill the required demand of consumers which is further contributing to healthy growth in the market.
The key players studied in the market are
September 2021: ENTEK International disclosed that it has completed its acquisition of NSG’s Battery Separator Division (BSD), The complementary combination of manufacturing footprints and product portfolios will enable ENTEK to support customers around the world with outstanding service as well as the industry’s premier offering of separator products for energy storage.
By type, the market is segmented into Standard Separator Film, Coated Layer Separator Film, and Multilayered Separator Film. The standard separator film segment dominated the market in 2021 and is expected to maintain its dominance during the forecast period. The key factors boosting the growth of this segment include increasing demand for dry separators and wet separators from the automobile and electronics industry. Standard separator films are mostly used in the automobile industries and electronic device manufacturing companies. Based on Battery, the market is classified into Lithium-ion and Lead Acid. The key factor propelling the growth of coated layer separator film segment is the increasing use of ceramic-coated separators and their growing popularity. In ceramic-coated separators, ceramic particles with binders are slurry-coated on polymer membranes. By Application, the market is segmented into Electronics and Automobile Industries. The lithium-ion segment dominated the market in 2021 and is expected to maintain its dominance during the forecast period. The lithium-ion battery has a very high voltage and charges storage per unit mass and unit volume. A lithium-ion battery consists of many components. The NA Battery Separator Films market is studied for the following region of Mexico, Canada, United States. The United States is anticipated to witness increasing demand for Battery Separator Films owing to the presence of well-established market players.
|Market Sizing for Year:||2019-2028|
|Market Segment studied:|
|Market Players and its Competitors:|
Celguard, LLC (USA)
Daramic LLC ( USA)Dreamweaver International (USA)
What are the drivers for the Battery Separator Films market?
The key driving factor of the market is the growing demand for electric vehicles.
Which is the leading application segment for the Battery Separator Films market?
Automotive Industries have accounted for the major market share, and I expected to witness growth at the highest pace during the forecast period.
Which region is gaining the majority y of market share during the forecast period (2021-20The 28)?
The United States is expected to gain major market share during the forecast period (2021-2028).