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UHMWPE in Battery Separator
Continued increase in Lithium Battery Separator will see UHMWPE demand grow to 360 K MT by 2028-by ASSOSeparators are key materials to ensure the safety of lithium-ion batteries and improve their performance. Growing demand for separators in various industries including the consumer electronics and automotive industries will boost the market demand during the forecast period. The increasing penetration of electronics vehicles will further surge the demand for lithium-ion batteries, in turn, propelling the use of battery separators. Additionally, the increasing adoption rate of wet separators and microgrids in the automotive industry is also projected to drive the battery separators market share throughout the assessment period.
The Evolution of Global Road Vehicles to 2040
Source: BloombergNEF
According to the professional report of UHMWPE in 2028 released by ASSO Consulting Company, analysts of ASSO Consulting Company pointed out that with the popularity of electric vehicles, the market penetration rate of electric vehicles is widely optimistic, and the growth of lithium battery separator market production in 2021 will show a historic growth. It is expected that the demand for lithium battery separator will still show a high growth trend by 2030. With the continuous strengthening of lithium battery separator, the demand for raw material UHMWPE has shown a significant upward trend. The major manufacturers Celanese, Braskem and KPIC have already expanded their production capacity. According to analysts from ASSO Consulting, it is expected that by 2028, the UHMWPE used in the lithium battery separator field will reach 360 K MT, and the market size will likely reach 800 M USD. According to an analysis by ASSO Consulting Company, lithium battery separators will account for half of the UHMWPE application market by 2028.
UHMWPE Main Application Forecast - by ASSO Consulting Company
Source: ASSO Consulting Company
China alone is projected to account for a large percentage of new UHMWPE demand anticipated through 2028; the country’s growing middle class, the fast-growing electric vehicle market, improving living standards, and fast-developing infrastructure is driving significant ethylene demand growth. Analysts at ASSO Consulting Company pointed out that the CAGR (2022-2028) of UHMWPE for lithium battery separators will likely be astonishingly over 20%.
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