Global Isostatic Pressing Market 2019-2023
About this market
High uptake rate of wet separator from automotive industry to gain traction in the market. Lithium-ion battery separators are available in two types: dry and wet separators. The wet separator has a torturous sector and interconnected micropores, which makes it more suitable for use in long cycle life batteries as it prevents the growth dendrites while charging and discharging. Technavio’ s analysts have predicted that the lithium-ion battery separator market will register a CAGR of almost 18% by 2022.
Shift of automotive industry toward EVs
EVs are gaining popularity because of the growing environmental concerns and the need for a sustainable ecosystem in the automotive industry. Various countries have set policies to reduce pollution levels by vehicle emissions. More expeditious actions are required to fulfill the standards set by policies.
Growing competition from fuel cells
lithium-ion battery faces competition from multiple battery types including lead-acid batteries, nickel metal hydride (NiMH) batteries, and newly emerging technologies such as fuel cell, sodium batteries, and solid-state batteries which have applications in various industries.
For the detailed list of factors that will drive and challenge the growth of the lithium-ion battery separator market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including TORAY Industries and UBE Industries the competitive environment is quite intense. Factors such as the shift of automotive industry toward EVs and the high uptake rate of wet separator from automotive industry, will provide considerable growth opportunities to lithium-ion battery separator manufactures. Asahi Kasei, SK innovation, Sumitomo Chemical, TORAY Industries, and UBE Industries are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Isostatic Pressing Market 2019-2023
Technavio recognizes the following companies as the key players in the global isostatic pressing market: Arconic, Bodycote, Kennametal, KOBE STEEL, and Nikkiso.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the diversification of HIP process atmosphere.”
According to the report, one of the major drivers for this market is the rising interest in AM techniques.
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