North America Lithium-Ion Battery Pouch Film Market Size By Application (Cellphones, Automotive), By Geographic Scope And Forecast

North America Lithium-Ion Battery Pouch Film Market Size And Forecast

North America Lithium-Ion Battery Pouch Film Market size was valued at USD 13,363.25 Million in 2021 and is projected to reach USD 25,498.26 Million by 2030, growing at a CAGR of 7.57% from 2023 to 2030.

The demand for lithium-ion batteries is penetrating society, owing to its numerous significant applications in electronic vehicles, consumer electronics, and stationary storage. The North America Lithium-Ion Battery Pouch Film Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

North America Lithium-Ion Battery Pouch Film Market Definition

The lithium-ion battery pouch films are the materials used for soft packaging of lithium-ion batteries to isolate the inside materials of the cell from the outside atmosphere. Dynamic electrochemical reactions occur inside lithium-ion batteries if elements of the outer atmosphere, including water and oxygen, react with the electrolyte. The reaction will generate a significant amount of Hydrofluoric acid, reducing the battery cell’s performance, durability, and capacity. Lithium-ion battery pouch films are flexible making the inside of batteries to be oxygen-free and water-free. For research purposes, lithium-ion battery pouch films, which are used in automotive and cell phones in North America Region, are considered under the scope for market estimation

Increased application of Lithium-Ion batteries in electric vehicles is among the significant factors driving the consumption of North America lithium-ion battery pouch films. For instance, according to the U.S. Department of Energy, the total number of electric light vehicle sales in the United States was 307,590 in 2020 and has increased to 607,570 in 2021. The data depicts that electric vehicle sales have witnessed a significant rise, leading to higher demand for lithium-ion battery pouch films.

North America Lithium-Ion Battery Pouch Film Market Overview

The demand for lithium-ion batteries is penetrating society, owing to its numerous significant applications in electronic vehicles, consumer electronics, and stationary storage. Pouch-type lithium-ion batteries are packed into pouch film, which is made up of aluminum, and they can be used as the source of power for electronic vehicles and large-scale energy storage. These films are very light in weight and can be molded into different shapes and sizes compared to ordinary square batteries. Moreover, these pouch cell batteries have consequential advantages such as higher energy density, safe performance, high discharge rate, life cycle, flexibility, and low internal resistance. Hence, considering these advantages lithium-ion battery pouch films are increasingly used in electric vehicles and stationary storage applications. Furthermore, using these aluminum-plastic films for lithium-ion pouch batteries reduces the overall weight of the structural part. For instance, it reduces up to 40 percent of structural part weight compared to steel.

The world is moving toward electric vehicles steadily, and lithium-ion batteries are predominantly used in Electric vehicles nowadays due to their promising technology to decarbonize from fossil fuels. Hence it is crucial to reduce greenhouse gas emissions and battery life-cycle costs. The demand for electric vehicles is increasing in North America, as Americans face sky-high gas prices, making them use EVs. As the market increases, manufacturers are under pressure to provide more sustainable and environment-friendly vehicles. Therefore, the demand for these economically stable and sustainable vehicles creating a lucrative opportunity for the lithium-ion battery pouches film market in North America in the forecasted period.

Furthermore, U.S. base giant automotive company Tesla partners with Redwood Materials, to recycle waste and scrap battery material. Also, added new electric vehicle battery technology. To achieve net-zero carbon emissions, many countries have announced that they will replace internal combustion engine vehicles with electric vehicles over the next decade.

North America Lithium-Ion Battery Pouch Film MarketSegmentation Analysis

The North America Lithium-Ion Battery Pouch Film Market is segmented on the basis of Application, and Geography.

North America Lithium-Ion Battery Pouch Film Market, By Application

• Cellphones• Automotive

To Get Summarized Market Report By Application-

Based on Application, the market is segmented into Cellphones, Automotive. The development of hybrid and electric vehicles has accelerated in recent years, and vehicle manufacturers must contend with a slew of battery issues, including lifetime, weight, and cost. Battery lifetime requirements are difficult to meet because several factors, such as vehicle hybridization, vehicle usage, and operational environment, all have an impact. Battery degradation mechanisms must be understood in order to optimize an entire electrical vehicle system. When compared to conventional metal canister encapsulation, alternative cell packaging materials such as laminate pouches can reduce the cost and weight of hybrid battery systems. Because lithium-ion batteries can produce a high amount of energy and power per unit of battery mass, they can be lighter and smaller than other rechargeable batteries. Another advantage of lithium-ion batteries over lead acid and nickel metal hydride batteries is their high energy efficiency and relatively long cycle life.

North America Lithium-Ion Battery Pouch Film Market, By Geography

• United States• Canada• Mexico

To Get Summarized Market Report By Geography- 

On the basis of regional analysis, the North America Lithium-Ion Battery Pouch Film Market is classified into United States, Canada, and Mexico. United States accounted for the largest market share and is projected to grow at the highest CAGR of 6.70% during the forecast period. The United States has several strengths on which to build a lithium-ion battery industry, one of which is the industry’s projection that the majority of electric vehicles will be manufactured in the United States in the near future. Other advantages of the United States include outstanding R&D capabilities at national labs and universities, as well as a head start provided by federal and state funding. Domestic firms can capitalize on these advantages by capturing specific market segments and building brands of dependability, durability, and safety. It will be critical to foster relationships between government, research institutions, and industry in order to successfully bring technological advances to market.

Key Players

The major players in the market are Toshiba Crop, SK Innovation, FDK CORP, DNP Group, Panasonic Industrial Corporation, FluxPower Battery Co., ENERSYS, Targray, Bestgo B Vertical Partners West LLC. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

• In response to solid demand for lithium batteries, particularly in the context of autos,  DNP Group plans to strengthen the facilities starting in 2022 and is exploring the extension of production capabilities, including the enhancement of other manufacturing bases.

• To grow its business internationally, Panasonic disclosed that its Energy Company will develop a production facility at its Wakayama Factory in western Japan to create new, “4680” lithium-ion batteries for electric cars (EVs).

Report Scope

To Get Customized Report Scope- 

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any  please connect with our sales team, who will ensure that your requirements are met.