Global Battery Separator Materials Market: Overview
Battery separators mechanically separate anode (positive electrode) and cathode (negative electrode) materials within a cell. These barriers prevent short-circuits between the internal components of the battery and simultaneously allow maximum ionic conductivity during charging or discharging. Separators possess a porous structure and are chemically and electrochemically stable to electrolyte and electrode materials in a battery. The separator aims to shut down the batteries on the occurrence of overheating or short circuit. The separator does not participate in any cell reactions, but its structure and properties play an important role in determining the battery performance, including life cycle, safety, energy density, and power density, by influencing cell kinetics. Hence, a practical design of a separator is based upon the degree of porosity of the material and its mechanical strength.
Global Battery Separator Materials Market: Drivers and Restraints
The global battery separator materials market is primarily driven by the increase in demand for highly efficient batteries in various end-use industries. Electric vehicles (EV) and hybrid electric vehicles (HEV) are eco-friendly technologies that emit low carbon emissions and contribute to clean and sustainable fuel. Rise in awareness about EV and HEV is encouraging manufacturers to invest in battery-operated vehicles. Thus, increase in demand for EV and HEV is expected to boost the demand for battery separator materials. Lithium-ion batteries are widely used in smartphones, laptops, and digital cameras. Increase in demand for smart electronic devices is driving the usage of battery separators in lithium-ion batteries. Rise in need to boost the safety and reliability of battery without compromising on their performance and cost is projected to propel the demand for battery separators. Furthermore, research & development of new materials for battery separators is likely to offer lucrative opportunities to the battery separator materials market during the forecast period. However, replacement of battery separators by other newer technologies is expected to hamper the battery separator materials market in the near future.
Based on type, the battery separator materials market can be segmented into micro-porous polymeric membranes, non-woven fiber mats, composite membranes, electrolyte membranes, and others. The micro-porous polymeric membranes segment held key share of the global battery separator materials market in 2017. These separators possess properties such as low acid solubility, good oxidation resistance, good wettability, low electrical resistance, and high porosity; therefore, they are widely used in various industries.
In terms of application, the battery separator materials market can be divided into Li-ion battery, lead acid battery, and others. The Li-ion battery segment accounted for significant share of the global battery separator materials market in 2017.
Based on end-use industry, the battery separator materials market can be segregated into automotive, consumer electronics, industrial, and others. The automotive segment held key share of the global battery separator materials market in 2017. Implementation of strict environmental regulations against carbon emissions and advancements in new technologies are estimated to drive the automotive industry in the near future. This, in turn, is anticipated to augment the battery separator materials market.
In terms of geography, the battery separator materials market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to expand at a rapid pace due to the presence of large battery manufacturers and several end-user industries in countries such as China, Japan, and India. Availability of raw materials at relatively lower prices is expected to drive the battery separator materials market. North America and Europe also constitute significant share of the battery separator materials market owing to the substantial demand for battery separators in the automotive industry in these regions.
Global Battery Separator Materials Market: Key Players
Key players operating in the global battery separator materials market include Daramic, LLC, E. I. du Pont de Nemours and Company, ENTEK, Freudenberg Performance Materials, LITARION GMBH, SK innovation Co., Ltd., Targray, and Toray Battery Separator Film.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.