Global Battery Separator (Li-ion, Lead Acid) Market Research Report 2019 Global Industry Trends, Manufacturers, Size, Share, Forecast to 2024
Battery Separator Market Expected to gain a significant value of USD 608 million with CAGR of 6.14%, Global Battery Separator Market Size, Scope, Share, Growth Factors, Industry Applications by Product Type, Segmentation and Region
Pune, India – June 12, 2019 /MarketersMedia/ —
Market Synopsis
The global battery separator market is spanned across five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa.
Asia-Pacific accounted for the largest market share in 2018 and is expected to grow at a significant rate during the forecast period. The growth is attributed to the growing demand for the product in the electronics industry. The demand for the product is increasing from the major electronic hubs in the region, such as Japan, South Korea, and Taiwan, which is expected to contribute to the growth of the regional market.
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Economic growth, increasing disposable income of middle-class population, and declining prices of consumer electronics are some of the factors driving the growth of the electronics industry in the region. With the rapid proliferation of smart technology, electronic devices such as audio & video equipment, digital imaging equipment, and home appliances have witnessed the change of dynamics in recent years. Secondly, the expanding automotive industry is another major factor responsible for the growth of the regional battery separators market. The demand for electric vehicles is particularly expected to increase in the coming years. For instance, on 1 March 2019, the Indian government approved USD 1445 million for the phase two of FAME India (Faster Adoption and Manufacturing of Electric Vehicles in India) policy to promote the use of electric vehicles in the country. Furthermore, rapid industrialization in the region is expected to contribute to the growth of the product market.
The market in North America is expected to register a considerable CAGR during the forecast period. North America is the principal hub for the conception and maturation of high-grade consumer electronic technologies, which is expected to be a prime growth factor for the regional market. The growth of the product market in the region is driven by the efforts of manufacturers to develop consumer electronics products embedded with remote monitoring, internet of things (IOT), and artificial intelligence (AI) capabilities. According to MRFR analysis, the North America audio & video equipment consumer electronics market size is expected to exceed USD 125 billion by the end of 2024. This, in turn, is expected to propel the growth of the battery separators market in the region during the forecast period.
Europe is another prominent market for battery separator on account of the high demand from major economies such as Germany, Russia, France, the UK, and Italy. The strong automobile and electronics industry of Germany is likely to exhibit a high demand for battery separators during the forecast period.
The market in Latin America is likely to witness substantial growth during the review period owing to the growing industrialization in Brazil and Mexico.
The Middle East & Africa market is also likely to witness high demand for the product, particularly from economies such as Turkey, GCC, and South Africa.
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Market Segmentation
The global battery separator market has been segmented by material, battery type, application, and region.
By raw material, the global battery separator market has been segmented into polyethylene, polypropylene, nylon, ceramic, polyvinylidene fluoride, and others.
Based on battery type, the global battery separator market has been divided into lithium-ion (Li-ion), lead acid, nickel-cadmium (Ni-Cd), nickel metal hydride, and others.
Based on application, the global battery separator market has been categorized into consumer electronics, automotive, industrial, and others.
Competitive Analysis
Some of the key players operating in the global battery separator market are Toray Industries, Inc (Japan), Sumitomo Chemical Co., Ltd (Japan), Asahi Kasei Corporation (Japan), SK Innovation Co., Ltd (South Korea), Freudenberg Performance Materials (US), Entek (US), Dreamweaver International (US), W-Scope Corporation (Japan), Ube Industries, Ltd (Japan), Bernard Dumas (France), DowDuPont (US), Mitsubishi Chemical Corporation (Japan), Eaton (Ireland), Teijin Limited (Japan), and Cangzhou Mingzhu Plastic Co., Ltd (China).
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics Of Global Battery Separators Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
5 Market Factor Analysis Of Global Battery Separators Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
To be Continue…..
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