The global tab leads and tab seal film market size is expected to reach USD 874.20 million by 2030 according to a new study by Polaris Market Research. The report “Tab Leads and Tab Seal Film Market Share, Size, Trends, Industry Analysis Report, By Material (Aluminum, Copper, Nickel, Polyamide, Others); By End-Use (Consumer Electronics, Electric Vehicles, Military, Industrial, Others); Region; Segment Forecast 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The leads and seal film are used extensively in various applications which subsequently has led to the growth of the industry. The increasing demand for electric vehicles covering the automobile industry and transportation system is prominently driving the growth of industry.
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The surge in technological advancements in the automobile sector is another factor contributing to the growth of the industry. Also, the global demand for electric vehicles among consumers due to increasing emphasis on a pollution-free climate is anticipated to accelerate the development of the industry. The growing awareness to use LIBs to lessen the weight of electric and hybrid electrical vehicles is pushing the demand for leads and the seal market.
By end-use, the consumer electronics segment is expected to dominate the industry over the forecast period. The term li-ion pouch cell battery packs the demand is escalating in several applications in the medical, automotive, and consumer electronics industries. The pouch batteries are extensively utilized in military equipment. Therefore, the rising experiments in defense and increasing usage of pouch batteries in military tools are expected to raise the demand for Li-Ion batteries, accelerating the growth of leads and the seal market.
Another crucial factor leading toward the growth of the leads and seal market is the development of governance and rapidly progressing power train technology. Upcoming global safety standards are driving stringent performance requirements from battery enclosures which specify engineers to guarantee the designs to meet these growing requirements.
Industry participants such as Okura Industrial Co., Ltd., Clavis Corporation, Daest Coating India Pvt Ltd., Misuzu Holding, Nepes, Avocet Steel, Nitto Denko Corporation, Sama, Soulbrain Co., Ltd., T&T Enertechno Co., Ltd., Sumitomo Electric Industries, Yujin Technology, and Zacros (Shenzhen) Co., Ltd are some of the key players operating in the industry.
In October 2021, Toray formed a battery separator film in collaboration with LG Chem in Hungary. Under this venture, Toray and LG Chem planned to increase film substrate production and add new coating facilities at the THU location, where battery separator film will be manufactured.
Polaris Market Research has segmented tab leads and tab seal film market report on the basis of material, end-use, and region.
Tab leads and Tab Seal Film, Material Outlook (Revenue – USD Million, 2018 – 2030)
Tab leads and Tab Seal Films, End-Use Outlook (Revenue – USD Million, 2018 – 2030)
- Consumer Electronics
- Electric Vehicles
Tab leads and Tab Seal Films, Regional Outlook (Revenue – USD Million, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa