Middle East And Africa Electric Vehicle Battery Separator Market Size
| Study Period | 2019 - 2024 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.57 Million |
| Market Size (2029) | USD 0.76 Million |
| CAGR (2024 - 2029) | 5.95 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Middle East And Africa Electric Vehicle Battery Separator Market Analysis
The Middle East And Africa Electric Vehicle Battery Separator Market size is estimated at USD 0.57 million in 2024, and is expected to reach USD 0.76 million by 2029, at a CAGR of 5.95% during the forecast period (2024-2029).
- Over the medium period, the growing adoption of electric vehicles and the decreasing price of lithium-ion batteries is expected to drive the market in the forecast period.
- On the other hand, the demand-supply gap of raw materials in the region is expected to restrain market growth in the future.
- Nevertheless, the growing progress in emerging battery technologies is likely to create opportunities for the Middle East and Africa electric vehicle battery separator market.
- Among all the countries in the region, the United Arab Emirates is expected to have significant growth due to the increasing adoption of electric vehicles.
Middle East And Africa Electric Vehicle Battery Separator Market Trends
Lithium-ion Battery Segment to Witness Fastest Growth
- The electric vehicle (EV) battery separator market in the Middle East & Africa is poised for notable growth, spearheaded by the lithium-ion battery (LIB) segment. The rising popularity of lithium-ion batteries can be attributed to their superior capacity-to-weight ratio, enhanced performance, extended shelf life, and a consistent trend of decreasing prices.
- When compared to lead-acid batteries, lithium-ion (Li-ion) batteries present significant technical advantages. They boast a lifespan averaging over 5,000 cycles, a stark contrast to the 400-500 cycles typical of lead-acid batteries. Furthermore, Li-ion batteries demand less frequent maintenance and replacements, and they maintain a consistent voltage throughout their discharge cycle—an essential feature for the efficient operation of electrical components.
- Key industry players are channeling substantial investments into R&D and operational expansions to further enhance performance. This surge in competition, combined with technological advancements and declining raw material costs, has driven a notable decrease in the volume-weighted average price of lithium-ion batteries. From USD 780/kWh in 2013, the price plummeted to USD 139/kWh in 2023. Projections suggest a further dip to around USD 113/kWh by 2025 and an ambitious USD 80/kWh by 2030. Such cost reductions bolster the appeal of lithium-ion batteries in the EV market, subsequently fueling the demand for EV battery separators.
- Historically linked to consumer electronics, lithium-ion batteries have seen a significant shift in application towards electric vehicles. While the Middle East and Africa are still in the nascent stages of developing their lithium-ion battery manufacturing capabilities—trailing behind global frontrunners like China, the United States, and Europe—nations like the United Arab Emirates and Saudi Arabia are making hefty investments in this domain. These strategic investments not only aim to diversify their economies but also seek to cater to the surging demand for electric vehicles, paving the way for a thriving market for battery materials, including EV battery separators.
- For instance, in a landmark move, Titan Lithium has teamed up with the Khalifa Economic Zones Abu Dhabi (KEZAD) Group to set up a cutting-edge lithium processing facility in Abu Dhabi. This AED 5 billion venture will see the establishment of a sprawling 290,000 square meter plant in KEZAD Al Mamourah, dedicated to producing vital battery-grade lithium carbonate and hydroxide for the EV sector. Such initiatives are poised to bolster the EV battery supply chain in the region, presenting lucrative opportunities for battery components like separators.
- Saudi Arabia is making strides in the global rechargeable battery arena. In June 2023, Obeikan Investment Group joined forces with Australian startup European Lithium to set up a lithium hydroxide refinery in the kingdom. Furthermore, Ma'aden, the state mining giant, has collaborated with US's Ivanhoe Electric to scout vast, under-explored territories in the Arabian Shield for lithium and other rare metals. These strategic moves are set to amplify the demand for EV battery separators as the region's Li-ion battery supply chain and manufacturing capabilities expand.
- Demonstrating its commitment, Saudi Arabia, in September 2023, saw Energy Capital Group, a local investment firm, partner with US tech startup Pure Lithium. Their joint venture focuses on developing batteries from lithium sourced from oilfield brines, backed by an initial USD 50 million investment. This initiative aims to cater to the surging demand for lithium-ion battery metals, further energizing the EV battery separator market. Moreover, the region's dedication to building a sustainable lithium-ion battery supply chain is underscored by its membership in the Global Battery Alliance, signaling a robust growth trajectory for EV battery separators.
- In a bid to fortify Africa's lithium-ion battery supply chains, METALS refining and recycling firm ReElement Technologies inked an MoU with Afrivolt in February 2024. This partnership seeks to craft a closed-loop lithium battery and electric vehicle manufacturing ecosystem in Africa, emphasizing locally sourced critical minerals refined by ReElement Technologies Africa and its subsidiaries. Such an ecosystem is poised to bolster the growth of lithium-ion battery components, including separators, in the foreseeable future.
- Afrivolt, previously known as Aqora, is spearheading the establishment of a lithium-ion cell gigafactory within this ecosystem. The MoU with ReElement Technologies is anticipated to transition into a robust offtake agreement, ensuring sustained support for the operations of African gigafactories. These initiatives, coupled with efforts to nurture a local talent pool, are set to propel the lithium-ion battery industry in the region.
- Given these dynamic developments, the lithium-ion battery segment is on track to emerge as the dominant player in the Middle East and Africa's EV battery manufacturing landscape, heralding a thriving market for EV battery separators in the years to come.
United Arab Emirates to Witness Significant Growth
- The United Arab Emirates (UAE) is on track for significant growth in its electric vehicle (EV) battery industry, encompassing essential materials like separators. Rapid industrialization, a surge in EV adoption, and the UAE's strategic economic positioning are setting the stage for robust battery adoption and innovation.
- EV adoption in the UAE has seen a sharp uptick in recent years. In 2023, the country recorded around 28,900 electric vehicle sales, a notable rise from approximately 18,900 in 2022, as reported by the International Energy Agency (IEA). This upward trend, combined with the UAE's ambitious target of having electric and hybrid vehicles make up 50% of its total vehicles by 2050, is set to fuel the demand for EV batteries, especially critical separator materials.
- In line with its sustainability goals, the UAE is making substantial investments in EV infrastructure and championing EV adoption. These efforts aim to combat climate change and lessen dependence on fossil fuels. Consequently, there's a rising demand for high-capacity, durable EV batteries, which subsequently boosts the need for efficient battery separators.
- Moreover, technological advancements in batteries, especially the emergence of solid-state batteries, are elevating the efficiency, safety, and overall performance of EV batteries. A case in point: In April 2024, US-based Statevolt unveiled plans for a USD 3.2 billion gigafactory in Ras Al Khaimah, targeting an annual output of up to 40 gigawatt-hours. This strategic move is designed to serve the burgeoning battery storage and electric mobility markets spanning the Middle East, Africa, and India, thereby opening new avenues for EV battery separator manufacturers.
- The UAE's commitment to EV manufacturing is further underscored by M Glory Holding Group's announcement in early 2022. They plan to inaugurate a sizable EV manufacturing facility in Dubai Industrial City. With a hefty investment of AED 1.5 billion, this 93,000 square meter plant aims for an annual output of 55,000 EVs, amplifying the demand for both EV batteries and their separators.
- These strategic moves position the UAE as a pivotal player in the burgeoning EV battery manufacturing landscape of the Middle East and Africa, highlighting the crucial role of EV battery separators.
Middle East And Africa Electric Vehicle Battery Separator Industry Overview
The Middle East And Africa electric vehicle battery separator market is semi-consolidated. Some of the key players in the market (not in any particular order) include Entek International LLC, Toray International Inc., Sinoma Science & Technology Co., Ltd., UBE Corporation, and Sumitomo Chemical Co., Ltd.
Middle East And Africa Electric Vehicle Battery Separator Market Leaders
-
Entek International LLC
-
Toray International Inc.
-
Sinoma Science & Technology Co., Ltd.
-
UBE Corporation
-
Sumitomo Chemical Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
Middle East And Africa Electric Vehicle Battery Separator Market News
- July 2024: ENTEK, a U.S.-based manufacturer of 'wet-process' lithium-ion battery separator materials, has reached a significant milestone. The company has obtained a conditional commitment for a direct loan from the U.S. Department of Energy’s Loan Programs Office, with the potential to reach up to USD 1.2 billion. This funding is designated for ENTEK Lithium Separators LLC's new facility in Terre Haute, Indiana. The plant will specialize in producing lithium-ion battery separators, primarily catering to the electric vehicle (EV) market. By strengthening the lithium-ion battery cell supply chain, this initiative paves the way for advanced technology batteries, essential for EV propulsion. Additionally, ENTEK boasts a strong foothold in the Middle East and Africa.
- April 2024: Statevolt has announced an ambitious plan to build a state-of-the-art battery Gigafactory in Ras Al Khaimah, UAE, with a significant investment of USD 3.2 billion. Named Statevolt Emirates, the project will utilize a modular design strategy, allowing for swift market entry and production adjustments in line with technological advancements. The Gigafactory will initially produce semi-solid state battery cells, leveraging advanced technology to enhance safety and longevity. Over time, production will transition to solid-state battery cells at full capacity. Covering an area of 60 hectares in the Al Ghail Industrial Zone of RAKEZ, the facility is slated to commence operations by late 2026.
Middle East And Africa Electric Vehicle 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 Adoption of Electric Vehicles
4.5.1.2 Decreasing Price of Lithium-ion Batteries
4.5.2 Restraints
4.5.2.1 Demand-Supply Gap of Raw Materials
4.6 Supply Chain Analysis
4.7 Industry Attractiveness - Porter's Five Force
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 Battery Type
5.1.1 Lithium-ion Battery
5.1.2 Lead-Acid Battery
5.1.3 Other Battery Types
5.2 Material Type
5.2.1 Polypropylene
5.2.2 Polyethylene
5.2.3 Other Material Types
5.3 Geography
5.3.1 United Arab Emirates
5.3.2 Saudi Arabia
5.3.3 South Africa
5.3.4 Egypt
5.3.5 Nigeria
5.3.6 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Entek International LLC
6.3.2 Toray International Inc.
6.3.3 Sinoma Science & Technology Co., Ltd.
6.3.4 UBE Corporation
6.3.5 Celgard LLC.
6.3.6 Sumitomo Chemical Co., Ltd.
6.3.7 Abu Dhabi Polymers Co Ltd (Borouge)
- *List Not Exhaustive
6.4 List of Other Prominent Companies
6.5 Market Ranking Analysis
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Progress in Emerging Battery Technologies
Middle East And Africa Electric Vehicle Battery Separator Industry Segmentation
- An electric vehicle battery separator is a crucial element physically separating the positive and negative electrodes within the battery cell. It prevents short circuits while allowing ions to pass through, facilitating the flow of current necessary for powering the vehicle.
- The electric vehicle battery separator market is segmented by Battery Type and Material Type. By battery type, the market is segmented into lithium-ion battery, lead-acid battery, and other battery types. By material type, the market is segmented into polypropylene, polyethylene, and other material types. The report also covers the market size and forecasts for the Middle East and Africa electric vehicle battery separator market across major countries. The report offers the market size and forecasts for the market in revenue (USD) for all the above segments.
| Battery Type | |
| Lithium-ion Battery | |
| Lead-Acid Battery | |
| Other Battery Types |
| Material Type | |
| Polypropylene | |
| Polyethylene | |
| Other Material Types |
| Geography | |
| United Arab Emirates | |
| Saudi Arabia | |
| South Africa | |
| Egypt | |
| Nigeria | |
| Rest of Middle East and Africa |
Middle East And Africa Electric Vehicle Battery Separator Market Research Faqs
How big is the Middle East And Africa Electric Vehicle Battery Separator Market?
The Middle East And Africa Electric Vehicle Battery Separator Market size is expected to reach USD 0.57 million in 2024 and grow at a CAGR of 5.95% to reach USD 0.76 million by 2029.
What is the current Middle East And Africa Electric Vehicle Battery Separator Market size?
In 2024, the Middle East And Africa Electric Vehicle Battery Separator Market size is expected to reach USD 0.57 million.
Who are the key players in Middle East And Africa Electric Vehicle Battery Separator Market?
Entek International LLC, Toray International Inc., Sinoma Science & Technology Co., Ltd., UBE Corporation and Sumitomo Chemical Co., Ltd. are the major companies operating in the Middle East And Africa Electric Vehicle Battery Separator Market.
What years does this Middle East And Africa Electric Vehicle Battery Separator Market cover, and what was the market size in 2023?
In 2023, the Middle East And Africa Electric Vehicle Battery Separator Market size was estimated at USD 0.54 million. The report covers the Middle East And Africa Electric Vehicle Battery Separator Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East And Africa Electric Vehicle Battery Separator Market size for years: 2024.
Middle East And Africa Electric Vehicle Battery Separator Industry Report
Statistics for the 2024 Middle East And Africa Electric Vehicle Battery Separator market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East And Africa Electric Vehicle Battery Separator analysis includes a market forecast outlook for 2024 to 2024 and historical overview. Get a sample of this industry analysis as a free report PDF download.
