In 2023, the Lithium-ion Battery Separator Market size was estimated at USD 4.47 billion. The report covers the Lithium-ion Battery Separator Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Lithium-ion Battery Separator Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
The Lithium-Ion Battery Separator Market was worth US$ 7.20 Billion in 2023 and is expected to grow at a CAGR of 13.5% to an estimated revenue of US$ 17.48 Billion by 2030.
The global battery separator market size was estimated at USD 4.21 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 15.8% from 2023 to 2030. The product demand is propelled by its wide-scale usage in the end-use industries, such as automotive, consumer electronics, and industrial.
The North American market for lithium-ion battery separators is expected to remain highly competitive in the near future. Approximately 25.4% of the global market share is expected to be generated by this region in 2022.
Asia-Pacific: Asia Pacific Lithium-Ion Battery Separator Market holds the largest share and dominates the global Lithium-Ion Battery Separator Market. The region is a hub for battery manufacturing and has a significant presence of major battery manufacturers and suppliers.
North America: North American Lithium-Ion Battery Separator Market is another prominent market for Lithium-Ion Battery Separators. The region has a well-established electric vehicle market, with the United States being a major contributor.