PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279797
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279797
Global Lithium Ion Battery Separator Market is valued at approximately USD 5.71 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 10.30% over the forecast period 2022-2029. The battery separator functions as a membrane between the anode and cathode. It is a crucial part of the lithium-ion battery cell. Separators in lithium-ion batteries function as a barrier to stop a short circuit between the cathode and anode. The Lithium-Ion Battery Separator market is expanding because of factors such as increasing adoption of electric vehicles (EVs) and growing government support.
Rising government initiatives to reduce the adoption of motor vehicles is catering the market growth. Norway government announce to prohibit the sales of ICE vehicles by year 2025, France by 2040, and the UK by 2050. Furthermore, China's identical goal is also the subject of pertinent research. India also intends to phase out ICE engines by 2030. Along with these, in 2022, EV adoption rose considerably. The International Energy Agency estimates that there were more than 16.5 million electric vehicles in use worldwide in 2021, an increase of 61% from 2020. Thus rising adoption of electric vehicles is catering to the market growth. In addition, growing demand for smartphones, tablets and other consumer electronics and extensive research and development activities across the world is creating lucrative growth in the market. However, the high cost of Lithium-Ion Battery Separators stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Lithium-Ion Battery Separator Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the rising sales of electric vehicles, rising demand from end-use industry. Whereas North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising product development activities and rising demand from end-use industries.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Raw Materialofferings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable