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
- Published Date:Jun-2022
- Pages: 118
- Format: PDF
- Report ID: PM2466
- Base Year: 2021
- Historical Data: 2018-2020
Report Outlook
The global tab leads and tab seal film market was valued at USD 301.24 million in 2021 and is expected to grow at a CAGR of 13.5% during the forecast period. The tab leads & seal film finds extensive use in applications, which in turn, is projected to drive the growth of the market. The growing demand for electric vehicles across the automobile industry and transportation system is majorly driving the growth of industry.
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Leads are used for pouch LIBs that are applicable to small electronic devices such as cellular phones and personal computers due to their high reliability. Since pouch LIBs are lightweight even if amplified for electric vehicle and hybrid electric applications, their demand has increased, making the demand for leads and seal grow exponentially.
There has been a negative impact of covid-19 on the supply chain of tab leads and seal film market, which is expected to show its outcome over the forecast period. The complete and partial lockdown imposed by the government due to the outbreak of the covid-19 pandemic led to the temporary shutdown of manufacturing plants in various nations across the globe.
The transportation industry suffered due to the influence of the covid-19, which caused the tab leads and tab seal film market to deprecate. Restrictions on travel, limited public transportation, and shut down of production plants further inhibited the growth of tab leads and tab seal film market.
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Industry Dynamics
Growth Drivers
Battery enclosures may be a singular way for composites to acquire more acceptance in the auto industry that is more cost-conscious. Consequently, most containers are made up of aluminum and steel. OEMs are impelling the envelope of passenger vehicle design and allowing efficient and flexible methods to package the energy storage within electric vehicles, accelerating the demand for leads and seal in pouch batteries.
A second equally crucial driver is the evolution of governance speedily progress power train technology. Contemporary global safety standards are pushing stricter performance needs from battery enclosures which require engineers to ensure their designs encounter these evolving requirements. Pouch cells are utilized in large LIBs to lessen the weight of electric vehicles and hybrid electric vehicles.
There is a concentration on the advancements of such leads and seal films appropriate for automotive usage. Also, continuous production innovations by major manufacturers globally in order to improve the quality and reliability of lithium-ion batteries are propelling the growth of tab leads and tab seal film market. The increasing use of high-quality Nickel-plate technology, which provides high performance in lithium-ion batteries, is further expected to push the growth of the tab leads and the seal film market.
Report Segmentation
The market is primarily segmented on the basis of material, end-use, and region.
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By Material |
End-Use |
By Region |
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Insight by Material
Based on material, the aluminum segment is expected to dominate the tab leads and tab seal film market over the forecast period. Aluminum material is the primary source for lithium-ion pouch cell manufacturers as well as battery developers and R&D labs across the globe.
Predominantly aluminum acts as percolation and offers mechanical and chemical protection. It is prominently used as a safety barrier to EVs and to accelerate the performance of LIBs. It is the best option for packaging pouch lithium-ion batteries and their parts. As a result, the demand for leads and seal film is anticipated to grow.
Geographic Overview
Asia Pacific is expected to dominate the global market in terms of value over the forecast period. The demand for EVs is growing considerably in China due to its growing technological progress. Many domestic start-ups caused EVs sold in China last year, out of which three listed start-ups, namely XPeng Motors, NIO Inc., and Li Auto Inc., accounted for almost 60%.
These companies and several others are putting a tough fight on Western automakers in the EV market in China. Their product donation is distinct and differentiated. Assisted by internet giants, these start-ups have furnished their EV models with sophisticated EV intelligence systems turning cars into smart devices on wheels.
Many Chinese customers can easily accommodate EVs as they have no previous car ownership experience, and thus there is no switching cost included. Compared to consumers in Western countries, those in China have several years of experience driving internal combustion engine cars, which retards their behavior change.
Competitive Insight
Some of the major players operating in the global market include Avocet Steel, Clavis Corporation, Daest Coating India Pvt Ltd., Misuzu Holding, Nepes, Nitto Denko Corporation, Okura Industrial Co., Ltd., Sama, Soulbrain Co., Ltd., Sumitomo Electric Industries, T&T Enertechno Co., Ltd., Yujin Technology, Zacros (Shenzhen) Co., Ltd.
Recent Developments
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.
Tab Leads and Tab Seal Film Market Report Scope
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Report Attributes |
Details |
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Market size value in 2021 |
USD 301.24 Million |
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Revenue forecast in 2030 |
USD 874.20 Million |
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CAGR |
13.5% from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2018 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD Million and CAGR from 2022 to 2030 |
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Segments covered |
By Material, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key companies |
Avocet Steel, Clavis Corporation, Daest Coating India Pvt Ltd., Misuzu Holding, Nepes, Nitto Denko Corporation, Okura Industrial Co., Ltd., Sama, Soulbrain Co., Ltd., Sumitomo Electric Industries, T&T Enertechno Co., Ltd., Yujin Technology, Zacros (Shenzhen) Co., Ltd. |
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