Battery Separator Market is segmented By Material (Polyethylene, Polypropylene, Ceramic, Nylon, Others), By Battery Type (Lithium-ion Batteries, Lead ....
Market Size in USD Bn
CAGR14.5%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 14.5% |
Market Concentration | High |
Major Players | Toray Battery Separator Film Korea Limited, Sumitomo Chemical Co., Ltd., Asahi Kasei Corporation, SK Innovation Co., Ltd., Freudenberg Performance Materials and Among Others |
The battery separator market is estimated to be valued at USD 12.19 Bn in 2024 and is expected to reach USD 31.45 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 14.5% from 2024 to 2031. Increased adoption of electronic vehicles and need for high performance batteries to power these vehicles has been the major factor driving growth in the battery separator market.