Lithium-Ion Battery Separator Market Overview:
Separator is one of the most critically important cell components to ensure cell safety where it defines as a thin porous membrane that physically separates the anode and cathode. A separator is a permeable membrane and critical component in liquid electrolyte batteries. The primary function of the separator is to prevent physical contact between the anode and cathode, while transferring the ions in the cell. A separator generally consists of a polymeric membrane forming a micro porous layer. The separator is moistened with electrolyte and forms a catalyst that promotes the movement of ions from cathode to anode on charge and in reverse on discharge. Electrolyte plays a key role in transporting the positive lithium ions between the cathode and anode. High purity electrolytes are a core component of li-ion batteries. The polymers that are currently used in battery separators are polyolefin based materials with semi-crystalline structure. Among them, the needs of lithium-ion cell manufacturers used are Polypropylene, Polyethylene, and ceramic embedded battery separator deliver excellent porosity, lightness as well as low cost and durability.
Lithium-Ion Battery Separator Market Size:
The global lithium-ion battery separator market is estimated to grow from USD xx Billion in 2015 to USD xx Billion by 2023, at a CAGR of xx% from 2015 to 2023.
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Lithium-Ion Battery Separator Market Drivers and Restraints:
Lithium-ion Battery Separator is likely to grow its market due to its cost efficient and environmentally safe method. Due to the rapid growth of regenerative battery in vehicles, the batteries market is witnessing more demand in global market. It is estimated to increase in the market due to the tremendous growth in the power back ups and, UPS market. With the high popularity and mobility that results in the rapid growth of electronic gadgets like mobiles, laptops, etc., the lithium-ion battery separator market may experience the growth. Due to strict government regulations on automotive and industrial sector for carbon emission by which manufacturers are shifting towards lithium ion battery in automobiles and for industrial applications, which lead to the growth of the market. However, the fear that lithium ion batteries are inflammable may affect the market and can be overcome with the future research and development.
Lithium-Ion Battery Separator Market Geographical Segmentation:
Geographically, Asia Pacific is the fastest growing market globally. China and Japan are forecasted to be a fastest growing market in the Asia Pacific region. Recently, this region has emerged as a hub of automobile manufacturing. Europe is the second largest market due to its rising infrastructure developments and industrialization. North America is expected to grow in the forecast period due to its major research and developments in recent time.
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Key Players of Lithium-Ion Battery Separator Market:
The key players of lithium ion battery separator includes Asahi Kasei Group, Daramic, Entek International LLC, Targray Technology International Inc., Freudenberg & Co. KG, Mitsubishi Plastics Inc., TEIJIN Limited, Porous Power Technologies LLC, UBE Industries Ltd., W-Scope Corporation, SK Innovation Co Ltd, Celgard LLC and Sumitomo Chemical Company Limited.
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