July 01, 2021
As cited by the research report titled ‘North America Battery Separator Market Size By Battery, By Material, By End-user, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027’, available with Market Study Report, North America battery separator market is anticipated to accumulate USD 3.1 billion between 2021 and 2027.
Increased production of electric vehicles & hybrid electric vehicles due to customers preference for sustainable transport solutions, along with government regulations to minimize carbon footprint are the major factors driving the North America battery separator market growth. Moreover, favorable properties like high chemical stability, precise porosity, greater thickness & strength, and better thermal stability are serving to various industry applications, thereby augmenting the market outlook.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3855680/
Additionally, increased preference for safety amid the Covid-19 pandemic is driving customers towards car ownership, hence bolstering the demand for battery separators. Also, the next decade is likely to witness proliferation of smart devices into homes, with increased adoption of Internet of Things (IoT), requiring reliable battery separators. Moreover, automakers in North America are inclining towards online retail to deal with the Covid-19 restrictions, which is generating lucrative prospects for the business scenario.
Based on battery type, North America battery separator industry is segmented into lead-acid, li-ion, and others. Among these, lithium-ion battery segment accumulated USD 482.7 million in 2020 and is likely to expand at 16.2% CAGR over the forecast timeline, due to extensive deployment of these batteries in automotive and consumer electronics sectors.
.
Speaking of material terrain, the marketplace is divided into ceramic, polyethylene, polypropylene, and nylon among others. The report cites that, polyethylene battery separators segment accounted for 39% market share in 2020, on account of its exceptional chemical and mechanical properties.
Moving on to end user spectrum, the business space is categorized into consumer electronics, automotive, industrial, power storage, and others. As cited in the report, automotive application segment is poised to register 16.3% CAGR over the forecast duration, owing to augmented online sales of EVs and HEVs.
Elaborating on the competitive landscape, Bernard Dumas, Entek International LLC, Freudenberg Group, Sumitomo Corporation, Ube Industries Ltd., Toray Industries Inc., Celgard LLC, and Asahi Kasei Corporation are the top-tier players influencing the North America battery separator industry dynamics.