Lithium Ion Battery Separator Market by Size, Share, Demand & Trends by 2032
The global lithium ion battery separator market is expected to be worth US$ 3,256.7 million in 2032, growing at a 7.2% CAGR. In 2022, the market is expected to be worth $1,624.9 million. With the transition from gasoline-powered to zero-emission electric vehicles, lithium ion batteries are expected to be in high demand. Automobiles, storage systems, and consumer electronics will all grow by orders of magnitude over the next decade. The market grew at a 5.3% annual rate between 2016 and 21. The Lithium ion battery separator shutdowns the mechanism of the battery when abnormal heat generation occur with the battery cell. Lithium ion battery separators are also used to prevent physical contact between anode and cathode while facilitating ion transport thereby preventing short circuit and increasing reliability of the lithium ion battery. Lithium ion battery separator are primarily manufactured from non-woven fiber, polymer films and ceramic material, where porous membrane are commonly