Global Tab Leads and Tab Seal Film Market
Dublin, July 28, 2022 (GLOBE NEWSWIRE) -- The "Global Tab Leads and Tab Seal Film Market by Material (Aluminum, Copper, Nickel, Polyamide, End User (Consumer Electronics, Electric Vehicles, Military, Industrial) and Region (North America, Europe, APAC, Rest of World) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The market size of tab leads and tab seal film is projected to grow from USD 318 million in 2022 to USD 600 million by 2027, at a CAGR of 13.6% during the forecast period. The tab leads and tab seal film market growth is estimated to be majorly driven by growing economies of Asia Pacific region.
Nickel segment is expected to be the second-largest raw material in the tab leads and tab seal film market, in terms of value in 2022
Nickel is used to manufacture pouch batteries and their parts as nickel enhances the energy density of a battery. Nickel is one of the essential materials in making tab leads. Hence, the growing demand for pouch batteries in this application will drive the demand for nickel in the production of tab leads.
Industrial segment is expected to be the second-largest end user in the tab leads and tab seal film market, in terms of value in 2022
In the industrial segment, pouch lithium-ion batteries are used in the power, medical, and aerospace sector. These batteries are used in the energy storage system in the power sector. According to International Energy Agency, globally, 5 GW of storage capacity were added in 2020. Thus, growth in energy storage will create demand for tab leads and tab seal film market.
Europe is expected is expected to be the second-largest region in the tab leads and tab seal film market, in terms of value in 2022
The European governments are providing significant incentives to promote electric vehicles. Europe has set an ambitious goal of reducing 80% of CO2 emissions by 2050 and has created a roadmap for the same. Hence, with an increase in demand for electric vehicles, there will be a boost in demand for tab leads and tab seal film market.
The report defines, segments, and projects the tab leads and tab seal film market based on material, end user, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It strategically profiles, Tab leads and tab seal film manufacturers and comprehensively analyzes their market shares and core competencies as well as tracks and analyzes competitive developments, such as expansions, acquisitions, and product launches, undertaken by them in the market.
Growing Demand for Pouch Batteries in Electric Vehicles
Gray Market Disrupting Market Share of Established Players
Low Energy Density of Pouch Lithium-Ion Batteries
Increasing Usage of Pouch Lithium-Ion Batteries in Military Equipment
High Cost as Compared to Cylindrical Lithium-Ion Batteries due to Lack of Standard Size
Impact of COVID-19 on Tab Leads and Tab Seal Film Market
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Tab Leads and Tab Seal Film Market Projected to Witness Moderate Growth During Forecast Period
4.2 Asia-Pacific to Account for Largest Share of Tab Leads and Tab Seal Film During Forecast Period
4.3 Aluminum Held Largest Market Share by Value in 2021
4.4 Others Segment is Expected to be Fastest Growing Market During Forecast Period
5 Market Overview
6 Tab Leads and Tab Seal Film Market, by Material
7 Tab Leads and Tab Seal Film Market, by End-user
8 Tab Leads and Tab Seal Film Market, by Region
9 Competitive Landscape
10 Company Profiles
Daest Coating India Pvt Ltd.
Dai Nippon Printing Co., Ltd.
Jiangsu Jiulan New Energy Technology Co., Ltd
Ls Four Tech Co., Ltd.
Nitto Denko Corporation
Okura Industrial Co., Ltd.
Showa Denko K.K.
Soulbrain Co., Ltd.
Sumitomo Electric Industries, Ltd.
T&T Enertechno Co., Ltd.
Toray Battery Separator Film Korea
Zacros (Shenzhen) Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/9f4jsj
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