Global Lithium-ion Battery Separator Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.95 Billion |
| Market Size (2029) | USD 9.93 Billion |
| CAGR (2024 - 2029) | 10.79 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Global Lithium-ion Battery Separator Market Analysis
The Global Lithium-ion Battery Separator Market For Electric Vehicle Application Industry is expected to grow from USD 5.95 billion in 2024 to USD 9.93 billion by 2029, at a CAGR of 10.79% during the forecast period (2024-2029).
- Over the medium term, factors such as rising growth in electric vehicle sales and declining cost of lithium-ion batteries are expected to be among the most significant drivers for the global lithium-ion battery separator market for electric vehicle applications during the forecast period.
- On the other hand, there are complex supply chain constraints for manufacturing battery separators that pose a threat to the global lithium-ion battery separator market for electric vehicle applications during the forecast period.
- Nevertheless, continued efforts are being made to develop enhanced battery separator materials. This factor is expected to create several opportunities for the global lithium-ion battery separator market for electric vehicle applications in the future.
- The Asia-Pacific region is expected to witness significant growth and is likely to register the highest CAGR during the forecast period. This is due to the presence of a significant battery and associated equipment and materials manufacturing industry in the region.
Global Lithium-ion Battery Separator Market Trends
Polyethylene to Witness Growth
- Polyethylene (PE) has emerged as a dominant material for lithium-ion battery separators in electric vehicle applications. This is mainly due to its excellent chemical stability, mechanical strength, and ability to be manufactured into thin, porous membranes. The global market for Polyethylene separators in electric vehicle batteries has seen substantial growth in recent years, driven by the rapid expansion of the electric vehicle industry and increasing demand for high-performance, safe, and cost-effective energy storage solutions.
- Polyethylene separators, particularly those made from high-density polyethylene (HDPE) and ultra-high molecular weight polyethylene (UHMWPE), offer a compelling combination of properties that make them well-suited for use in the demanding environment of electric vehicle batteries. These materials provide good thermal stability, which is crucial for preventing thermal runaway in battery systems, while also offering excellent chemical resistance to the electrolytes and electrode materials used in lithium-ion cells.
- As global electric vehicle demand escalates, the demand for batteries in electric vehicle applications is set to surge, consequently boosting the need for polyethylene in battery separator materials. This increase is driven by the growing production of electric and hybrid vehicles, which require efficient and durable battery components. Additionally, advancements in battery technology are further propelling the demand for high-quality polyethylene separators.
- According to the International Energy Agency (IEA), electric vehicle sales have witnessed a significant surge in recent years owing to the growing awareness of adopting sustainable transportation solutions amongst the public and various financial incentives offered by regional governments to meet their decarbonization targets. Between 2023 and 2022, electric vehicle sales witnessed an uptick of 30.13%, whereas the annual average growth rate between 2019 and 2023 was over 100%, signifying the growing traction for electric vehicles.
- In recent years, manufacturers have adopted the latest manufacturing techniques, developed new material compositions, and developed new material chemistries with other materials. These advancements have not only improved the functional properties of Polyethylene separators but have also contributed to reducing manufacturing costs, making them an increasingly attractive option for electric vehicle manufacturers looking to optimize battery performance while managing production expenses.
- For instance, in January 2024, Scientists at the Institute of Modern Physics (IMP) of the Chinese Academy of Sciences (CAS) and the Advanced Energy Science and Technology Guangdong Laboratory have developed high-temperature-resistant polyethylene terephthalate (PET) separators for lithium-ion batteries. The separator, a pivotal component of lithium-ion batteries, is instrumental in safeguarding battery safety. It not only insulates the cathode and anode to prevent short-circuiting but also facilitates the transport of lithium ions.
- Therefore, as per the points mentioned above, the polyethylene separator material is expected to witness growth during the forecast period.
Asia Pacific to Dominate the Market
- The Asia-Pacific region has emerged as the dominant force in the global lithium-ion battery separator market for electric vehicle applications, with its influence extending far beyond its geographical boundaries. This dominance is rooted in a variety of factors, including the region's robust manufacturing capabilities, significant government support, extensive research and development initiatives, and the presence of major players across the entire electric vehicle supply chain.
- Countries like China, Japan, South Korea, and, to a growing extent, India have positioned themselves at the forefront of this rapidly evolving industry, leveraging their existing strengths in electronics, automotive manufacturing, and advanced materials to create a formidable ecosystem for battery separator production. The region's rapid growth in this market is not only a result of its manufacturing prowess but also stems from its strategic foresight in recognizing the pivotal role that electric vehicles will play in the future of global transportation.
- For instance, the International Energy Agency has witnessed significant growth in electric vehicle sales in recent years. Between 2022 and 2022, the growth in electric vehicle sales increased by more than 24%, whereas between 2019 and 2023, the annual average growth rate was close to 100%. This signifies the growing traction for electric vehicles, which in turn developed favorable market conditions for the lithium-ion battery separator market.
- This recognition has led to substantial investments in capacity expansion, technological innovation, and the development of a highly skilled workforce specializing in battery and separator technologies. This unique combination of factors has established the Asia-Pacific as the current leader in lithium-ion battery separator production for electric vehicles. Still, it has also positioned itself to maintain this leadership well into the future, even as other regions seek to develop their capabilities in this critical technology sector.
- For instance, in October 2023, Asahi Kasei is set to invest in new equipment to bolster its production capacity for Hipore lithium-ion battery (LIB) separators. The company plans to set up fresh coating lines at its current LIB separator plants in the United States, Japan, and South Korea. Operations are slated to commence in stages, starting in the first half of fiscal year 2026. This strategic move will enable Asahi Kasei to cater to the battery needs of approximately 1.7 million electric vehicles.
- Asahi Kasei's investment underscores its commitment to advancing battery technology and meeting the growing demand for electric vehicles. By enhancing its production capabilities, the company aims to strengthen its position in the global lithium-ion market. The new coating lines will incorporate state-of-the-art technology to ensure high-quality and efficient production processes. This expansion aligns with Asahi Kasei's long-term strategy to support the transition to sustainable energy solutions.
- Therefore, as mentioned above, the Asia-Pacific region is expected to dominate the market during the forecast period.
Global Lithium-ion Battery Separator Industry Overview
The global lithium-ion battery separator market for electric vehicle applications is semi-fragmented. Some of the key players in this market (in no particular order) are Asahi Kasei Corporation, Toray Battery Separator Film Co. Ltd, Freudenberg Performance Materials, SK ie Technology Corporation Ltd, and Entek International.
Global Lithium-ion Battery Separator Market Leaders
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Asahi Kasei Corporation
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Toray Battery Separator Film Co., Ltd.
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Freudenberg Performance Materials
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SK ie Technology Corporation Ltd.
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Entek International
*Disclaimer: Major Players sorted in no particular order
Global Lithium-ion Battery Separator Market News
- In April 2024, Asahi Kasei unveiled plans to establish an integrated plant in Ontario, Canada. The facility will focus on manufacturing base films and coating for Hipore wet-process lithium-ion battery (LIB) separators. These separators act as microporous membranes, ensuring a safe passage for lithium ions while preventing short circuits between the battery's positive and negative electrodes.
- In January 2024, Engineers from 3DOM Alliance Inc. Group (comprising 3DOM Alliance and noco-tech) recently shared promising battery test results. These tests involved lithium-ion battery cells equipped with the innovative X-SEPA™ separator and a unique liquid-based electrolyte. The benefits highlighted include enhanced battery reliability, improved capacity retention, catering to the surging market demands, broader temperature range applications, environmental sustainability, and a notable potential for a circular economy.
Global Lithium-ion Battery Separator Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD, till 2029
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 Growing Electric Vehicle Sales
4.5.1.2 Decreasing Lithium-ion Battery Price
4.5.2 Restraints
4.5.2.1 Supply Chain Constraints
4.6 Supply Chain Analysis
4.7 Industry Attractiveness - Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
4.8 Investment Analysis
5. MARKET SEGMENTATION
5.1 Material
5.1.1 Polyethylene
5.1.2 Polypropylene
5.1.3 Composite
5.1.4 Other Materials
5.2 Geography [Market Size and Demand Forecast till 2029 (for regions only)]
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Rest of North America
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 France
5.2.2.3 United Kingdom
5.2.2.4 Italy
5.2.2.5 Spain
5.2.2.6 NORDIC
5.2.2.7 Russia
5.2.2.8 Turkey
5.2.2.9 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 India
5.2.3.3 Australia
5.2.3.4 Japan
5.2.3.5 South Korea
5.2.3.6 Malaysia
5.2.3.7 Thailand
5.2.3.8 Indonesia
5.2.3.9 Vietnam
5.2.3.10 Rest of Asia-Pacific
5.2.4 Middle East and Africa
5.2.4.1 Saudi Arabia
5.2.4.2 United Arab Emirates
5.2.4.3 Nigeria
5.2.4.4 Egypt
5.2.4.5 Qatar
5.2.4.6 South Africa
5.2.4.7 Rest of Middle East and Africa
5.2.5 South America
5.2.5.1 Brazil
5.2.5.2 Argentina
5.2.5.3 Colombia
5.2.5.4 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted & SWOT Analysis for Leading Players
6.3 Company Profiles
6.3.1 Asahi Kasei Corporation
6.3.2 Toray Battery Separator Film Co. Ltd
6.3.3 Freudenberg Performance Materials
6.3.4 SK ie Technology Corporation Ltd
6.3.5 Entek International
6.3.6 Sumitomo Chemical Co. Ltd
6.3.7 Ube Maxell Co. Ltd
6.3.8 W-Scope Corporation
6.3.9 Daramic
6.3.10 Amer SIL
- *List Not Exhaustive
6.4 List of Other Prominent Companies
6.5 Market Ranking/Share (%) Analysis
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Development of Enhanced Separator Materials
Global Lithium-ion Battery Separator Industry Segmentation
A lithium-ion battery separator for electric vehicle (EV) applications is a critical component that significantly influences the performance, safety, and longevity of the battery. This separator is a thin, porous membrane placed between the anode and cathode of the lithium-ion battery, preventing direct contact while allowing lithium ions to pass through during charging and discharging cycles. Typically made from materials such as polyethylene (PE), polypropylene (PP), or a combination of both (PP/PE/PP trilayer), these separators are engineered to withstand high temperatures, mechanical stress, and chemical interactions within the battery.
The global lithium-ion battery separator market for electric vehicle applications is segmented by material and geography. By material type, the market is segmented into Polyethylene, Polypropylene, Composite, and Others. The report also covers the size and forecasts for the global lithium-ion battery separator market for electric vehicle applications across major regions. Market sizing and forecasts were made for each segment based on revenue (USD).
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| Composite | |
| Other Materials |
| Geography [Market Size and Demand Forecast till 2029 (for regions only)] | ||||||||||||
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Global Lithium-ion Battery Separator Market Research FAQs
How big is the Global Lithium-ion Battery Separator Market For Electric Vehicle Application Industry?
The Global Lithium-ion Battery Separator Market For Electric Vehicle Application Industry size is expected to reach USD 5.95 billion in 2024 and grow at a CAGR of 10.79% to reach USD 9.93 billion by 2029.
What is the current Global Lithium-ion Battery Separator Market For Electric Vehicle Application Industry size?
In 2024, the Global Lithium-ion Battery Separator Market For Electric Vehicle Application Industry size is expected to reach USD 5.95 billion.
Who are the key players in Global Lithium-ion Battery Separator Market For Electric Vehicle Application Industry?
Asahi Kasei Corporation, Toray Battery Separator Film Co., Ltd., Freudenberg Performance Materials, SK ie Technology Corporation Ltd. and Entek International are the major companies operating in the Global Lithium-ion Battery Separator Market For Electric Vehicle Application Industry.
Which is the fastest growing region in Global Lithium-ion Battery Separator Market For Electric Vehicle Application Industry?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Lithium-ion Battery Separator Market For Electric Vehicle Application Industry?
In 2024, the Asia Pacific accounts for the largest market share in Global Lithium-ion Battery Separator Market For Electric Vehicle Application Industry.
What years does this Global Lithium-ion Battery Separator Market For Electric Vehicle Application Industry cover, and what was the market size in 2023?
In 2023, the Global Lithium-ion Battery Separator Market For Electric Vehicle Application Industry size was estimated at USD 5.31 billion. The report covers the Global Lithium-ion Battery Separator Market For Electric Vehicle Application Industry historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Lithium-ion Battery Separator Market For Electric Vehicle Application Industry size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Lithium-ion Battery Separator Industry Report
Statistics for the 2024 Global Lithium-ion Battery Separator For Electric Vehicle Application market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Lithium-ion Battery Separator For Electric Vehicle Application analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Global Lithium-ion Battery Separator Market For Electric Vehicle Application Report Snapshots
- Global Lithium-ion Battery Separator Market For Electric Vehicle Application Market Size
- Global Lithium-ion Battery Separator Market For Electric Vehicle Application Market Share
- Global Lithium-ion Battery Separator Market For Electric Vehicle Application Market Trends
- Global Lithium-ion Battery Separator Market For Electric Vehicle Application Companies
