Tab Leads and Tab Seal Film Market Size, Share & Trends 2031
Tab Leads and Tab Seal Film Market Size, Share & Trends 2031
Segments - Tab Leads and Tab Seal Film Market by Materials (Nickel, Copper, Polyamide, Aluminum, and Others), End-users (Electric Vehicles, Military & Defense, Consumer Electronics, Industrial, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Upcoming
| Report ID :MC-4559
| 4.2 Rating
| 61 Reviews
| 166 Pages
| Format :
Report Description
The global tab leads and tab seal film market size was valued at USD 332.74 Million in 2022 and is expected to surpass USD 1007.55 Million by 2031 , expanding at a CAGR of 13.1% during the forecast period, 2023–2031. The growth of the market is attributed to the rapid technological advancements in lithium-ion pouch battery production along with the wide R&D programs for innovative technology for tab seal film development.
Tab leads and tab seal films are mainly used in the manufacturing of pouch batteries, especially lithium-ion pouch batteries, and in consumer electronic products. Tab leads constitute a key component of a pouch battery, which are widely used in various applications across industries such as military equipment, medical devices, and automotive parts. One of the key aspects of the market growth can be mainly attributed to the extensive adoption of lithium-ion pouch batteries in electric vehicles (EVs) including two-wheelers. As per several global reports, the global electric vehicle power packs market is projected to reach USD 310 billion by 2030 due to the rising demand for various EVs globally. As many as 2.5 million e-rickshaws and more than 0.4 million two-wheelers are presently on the road worldwide, which are powered by lithium-ion batteries. As per the reports, the lithium-ion battery is the most expensive part of an EV and accounts for nearly 50% of the total cost of an EV. Globally, China is a leading country in the EV market in terms of the rate of production and capital investment in EV production.
The COVID-19 crisis had adversely impacted the global tab leads and tab seal films market due to the sudden halt in the EVs production, caused by factors including the temporary shutdown of the manufacturing units and movement restrictions that caused the lack of labor availability worldwide. The abrupt disruption in the supply chain had forced manufacturers to delay or reschedule the line of production of EV batteries ultimately hampering the overall vehicle production. However, the market is projected to perform significantly in the coming years due to the rising preference for EVs considering several factors such as government regulations on sustainable environment and the rising cost of fuels.
Market Trends, Drivers, Restraints, and Opportunities
-
Rising demand for lithium-ion pouch batteries for various applications across industries including automotive, healthcare, military & defense, and energy are key factors driving the market.
-
Increasing development of high-quality nickel-based and copper-based tab seal film technology for higher efficiency in several industrial and commercial applications presents another key driver of the market.
-
Growing awareness about the benefits of using materials for the reduction in pollution and increasing focus on the development of a pollution-free climate increase the demand for tab leads and tab seal film.
-
High cost of electric vehicle batteries and the lack of commercialization of the batteries, especially in the majority of developing countries act as major hurdles that can impede the market during the forecast period.
-
Rapid introduction of progressing power train technology and strict government policies toward safety standards of battery enclosures are offering various opportunities for the market.
Scope of the Report
The report on the global tab leads and tab seal film market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Tab Leads and Tab Seal Film Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016–2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
Materials (Nickel, Copper, Polyamide, Aluminum, and Others) and End-users (Electric Vehicles, Military & Defense, Consumer Electronics, Industrial, and Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Sumitomo Electric Industries; Nitto Denko Corporation; NEPES; MISUZU Holding; SAMA; Yujin Technology; Zacros (Shenzhen) Co., Ltd.; Clavis Corporation; T&T Enertechno Co., Ltd.; Okura Industrial Co., Ltd.; Soulbrain Co., Ltd.; Daest Coating India Pvt Ltd.; and Avocet Steel. |
Market Segment Insights
Aluminum segment to expand at a robust growth rate
Based on materials, the global tab leads and tab seal film market is divided into nickel, copper, polyamide, aluminum, and others. The aluminum segment constituted a major market share in 2021 and is expected to expand at a robust growth rate during the forecast period since the material is widely used as a major component for manufacturing pouch lithium-ion batteries. Aluminum offers several superior mechanical and chemical properties, which are required for a battery stability maintenance. On the other hand, the polyamide segment is anticipated to hold a key share of the market in the coming years due to the wide usage of the material in pouch lithium-ion battery production. Polyamide helps in enhancing electricity flow from a lithium-air battery to the external appliances and as a good insulator, the material is extensively used in the lamination of internal and external sides of tab leads.
Consumer electronics segment to register a considerable CAGR
On the basis of end-users, the market is segregated into electric vehicles, military & defense, consumer electronics, industrial, and others. The consumer electronics segment accounted for a large market share in 2021 and is projected to register a considerable CAGR during the forecast period. The segment growth is attributed to the high applications of tab leads and tab seal films in the manufacturing of various consumer electronic items such as drones, cellular phones, and personal computers. On the other hand, the electric vehicles segment is anticipated to expand at robust growth in the coming years owing to the wide adoption of pouch batteries in electric trucks and buses due to its lightweight and economic factors in EVs.
Asia Pacific to dominate the market
In terms of regions, the global tab leads and tab seal film market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific held a dominant market share in 2021 and the trend is expected to continue in the market during the projected period owing to the rapid expansion of the automotive industry in the region, impacted by increasing funding from major global automotive manufacturing companies. Rising demand for EVs in the region, impacted by the rising number of the regional population and massive increase in the establishment of production units for EV batteries is boosting the regional market. Moreover, the increasing growth of the electronics industry and the presence of key global electronic manufacturers such as Sony Corp., LG Electronics, Panasonic Corp., and Samsung Electronics further fuel the market of the region.
Segments
The global tab leads and tab seal film market has been segmented on the basis of
Materials
- Nickel
- Copper
- Polyamide
- Aluminum
- Others
End-users
- Electric Vehicles
- Military & Defense
- Consumer Electronics
- Industrial
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Sumitomo Electric Industries
- Nitto Denko Corporation
- NEPES
- MISUZU Holding
- SAMA
- Yujin Technology
- Zacros (Shenzhen) Co., Ltd.
- Clavis Corporation
- T&T Enertechno Co., Ltd.
- Okura Industrial Co., Ltd.
- Soulbrain Co., Ltd.
- Daest Coating India Pvt Ltd.
- Avocet Steel
Competitive Landscape
Key players competing in the global tab leads and tab seal film market are Sumitomo Electric Industries; Nitto Denko Corporation; NEPES; MISUZU Holding; SAMA; Yujin Technology; Zacros (Shenzhen) Co., Ltd.; Clavis Corporation; T&T Enertechno Co., Ltd.; Okura Industrial Co., Ltd.; Soulbrain Co., Ltd.; Daest Coating India Pvt Ltd.; and Avocet Steel. The market is mainly dominated by established players and the possibility of new entrants in the market is relatively low due to the high capital requirement for business establishment. Some of these players have adopted a series of business development strategies including merger and acquisition, entering into partnerships and collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
For instance,
- In January 2022, NEPES YAHAD, a battery component supplier and a subsidiary of a major South Korea-based packaging service and assembly solution provider, NEPES, announced that it started supplying lead tabs to overseas secondary battery manufacturing companies for the first time.
Frequently Asked Questions
The global tab leads and tab seal film market size was valued at USD 332.74 million in 2022 and is expected to surpass USD 1007.55 million by 2031.
The key drivers of the market include to the rapid technology advancements in lithium-ion pouch batteries production along with the wide R&D programs for innovative technology for tab seal film development.
The aluminum segment constituted a major market share in 2021 and is expected to expand at a robust growth rate during the forecast period.
Asia Pacific held a dominant market share in 2021 and the trend is expected to continue in the market during the projected period.
The key players of the market are Sumitomo Electric Industries; Nitto Denko Corporation; NEPES; MISUZU Holding; SAMA; Yujin Technology; Zacros (Shenzhen) Co., Ltd.; Clavis Corporation; T&T Enertechno Co., Ltd.; Okura Industrial Co., Ltd.; Soulbrain Co., Ltd.; Daest Coating India Pvt Ltd.; and Avocet Steel.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Tab Leads and Tab Seal Film Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tab Leads and Tab Seal Film Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tab Leads and Tab Seal Film Market - Supply Chain
4.5. Global Tab Leads and Tab Seal Film Market Forecast
4.5.1. Tab Leads and Tab Seal Film Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tab Leads and Tab Seal Film Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Tab Leads and Tab Seal Film Market Absolute $ Opportunity
5. Global Tab Leads and Tab Seal Film Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Tab Leads and Tab Seal Film Market Size and Volume Forecast by End Users
5.3.1. Electric Vehicles Military & Defense Consumer Electronics Industrial Others
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Tab Leads and Tab Seal Film Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Tab Leads and Tab Seal Film Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Tab Leads and Tab Seal Film Demand Share Forecast, 2019-2026
7. North America Tab Leads and Tab Seal Film Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Tab Leads and Tab Seal Film Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Tab Leads and Tab Seal Film Market Size and Volume Forecast by End Users
7.4.1. Electric Vehicles Military & Defense Consumer Electronics Industrial Others
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Tab Leads and Tab Seal Film Demand Share Forecast, 2019-2026
8. Latin America Tab Leads and Tab Seal Film Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Tab Leads and Tab Seal Film Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Tab Leads and Tab Seal Film Market Size and Volume Forecast by End Users
8.4.1. Electric Vehicles Military & Defense Consumer Electronics Industrial Others
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Tab Leads and Tab Seal Film Demand Share Forecast, 2019-2026
9. Europe Tab Leads and Tab Seal Film Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Tab Leads and Tab Seal Film Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Tab Leads and Tab Seal Film Market Size and Volume Forecast by End Users
9.4.1. Electric Vehicles Military & Defense Consumer Electronics Industrial Others
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Tab Leads and Tab Seal Film Demand Share Forecast, 2019-2026
10. Asia Pacific Tab Leads and Tab Seal Film Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Tab Leads and Tab Seal Film Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Tab Leads and Tab Seal Film Market Size and Volume Forecast by End Users
10.4.1. Electric Vehicles Military & Defense Consumer Electronics Industrial Others
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Tab Leads and Tab Seal Film Demand Share Forecast, 2019-2026
11. Middle East & Africa Tab Leads and Tab Seal Film Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Tab Leads and Tab Seal Film Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Tab Leads and Tab Seal Film Market Size and Volume Forecast by End Users
11.4.1. Electric Vehicles Military & Defense Consumer Electronics Industrial Others
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Tab Leads and Tab Seal Film Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Tab Leads and Tab Seal Film Market: Market Share Analysis
12.2. Tab Leads and Tab Seal Film Distributors and Customers
12.3. Tab Leads and Tab Seal Film Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Sumitomo Electric Industries Nitto Denko Corporation NEPES MISUZU Holding SAMA Yujin Technology
Methodology
Related Reports
Some other reports from this category!
Our Clients
