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 Europe Battery Separator Films market is growing demand for lithium-ion batteries in the automotive industry coupled with the penetration of electronic vehicles is anticipated to generate huge revenue in the overall battery separators market.With growing technological innovations, the weight of lithium-ion batteries has been substantially reduced in recent times, marking it more desirable for electric vehicle applications. Furthermore, a lithium-ion (Li-ion) battery, a rechargeable battery is widely used in electric vehicles and several portable electronics products. They have a higher energy density than typical nickel-cadmium or lead-acid rechargeable batteries.
The market is expected to have a new opportunity with new generation of advanced li-ion batteries is anticipated to be deployed before the first generation of solid state batteries. They’ll be suitable for use in applications such as energy storage systems for renewables and transportation such as railways, marine, aviation and off-road mobility where high power, high energy, and safety are mandatory..
The market has major restraining factors like raw material price. Due to continuous changes in raw material prices the market is getting affected very much. The price change is due to the raw between Russia and Ukraine. Dealing with issues associated with the cost volatility of raw materials is one of the largest challenges we face as metal fabricators, but by staying on top of the trends and by planning ahead, we can reduce its impact on not just our business but our customers’ businesses as well.
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 Europe 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 2022-2028.
The Europe 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 Europe 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 Europe 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 Europe supply chain disruptions resulting from lockdowns. This can impact the growth of the battery separator films market during the pandemic period.
The Europe Battery Separator Films market is studied in the following region
The Germany is anticipated to witness increasing demand for Battery Separator Films owing to the presence of well-established market players. The presence of stringent regulations has boosted the use of electric vehicles in the region, thereby contributing to the overall market demand during the assessment period. Furthermore, a huge consumer electronics demand is also anticipated to drive the battery separators market sales.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360-degree analysis of micro and macro-economic factors in the Europe Battery Separator Films market. In addition, complete analysis of changes in the Europe 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 Europe economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. The COVID-19 pandemic had a severe impact on the li-ion battery industry supply chain, including the battery separator films market. . In the initial outbreak of COVID-19, the entire vehicle ecosystem had been disrupted, halting production and sales across the globe. OEM’s had to wait until lockdowns were lifted before resuming production, which affected their business. Therefore, vehicle manufacturers had to adjust their production volume. Also, manufacturing of component was halted, and small Tier II and Tier III manufacturers experienced liquidity problems.
The competitive landscape analysis of the Battery Separator Films market is majorly focused on expanding the Europe 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.
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 Europe Battery Separator Films market is studied for the following region of North America, Europe, Asia-Pacific, and the Rest of the world (RoW). The Asia Pacific 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:|
Sumitomo chemical company, limited
SEMCORPMitsubishi chemical corporation