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, owing to a significant increase in electric vehicles and consumer electronics in various regions such as North America, Asia Pacific, and Europe.
Based on material, the tab leads and tab seal film market has been segmented into aluminum, copper, nickel, polyamide, and others (polypropylene and other polyolefin). Aluminum accounted for the largest market share in 2021. Aluminum is used inside and outside of making pouch lithium-ion batteries and their parts. It is also used in the manufacturing of tab leads.
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Based on end use, the tab leads and tab seal film market has been segmented into consumer electronics, electric vehicles, military, industrial, and others (forklift, floor scrubber, and other specialty applications). Consumer electronics accounted for the largest market share in 2021. Consumer electronics comprise various products; however, it is majorly used in drones, tablets, and cell phones.
Sumitomo Electric Industries (Japan), MISUZU Holding (China), SAMA (South Korea), and Yujin Technology (South Korea) are some of the key players operating in the tab leads & tab seal film market. These players have adopted strategies such as joint ventures and expansions, to enhance their business revenue and market share. Expansion of manufacturing plants globally is one of the key strategies adopted by some players to cater to the increasing demand for tab leads & tab seal film.
Toray Battery Separator Film Korea is one of the players in the global tab leads & tab seal film market. The company is a subsidiary of Toray Industries Inc., which offers battery separator film under the brand name of Setela. In October 2021, Toray established battery separator film joint venture with LG Chem in Hungary. Under this partnership, LG Chem invested around USD 375 million. The new joint venture planned to manufacture battery separator film for car lithium-ion batteries for LG Group in Europe and the US, using existing THU facilities.
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Another important player in the global tab leads & tab seal film market is T&T Enertechno Co., Ltd. which was established through a business tie-up between Toppan Printing Co., Ltd. and Toyo Seikan Co., Ltd., as a company specializing in manufacturing and selling lithium-ion battery packaging materials. T&T Enertechno Co., Ltd. offers all types of lithium-ion battery packaging materials and related products, including soft packaging (aluminum laminated film), hard packaging (metal can), and tab sealant. The company also offers battery inspection services. Toppan Inc. has its various research facilities at the Research Institute in Saitama, Japan, which facilitates T&T Enertechno's R&D. The company has a regional presence in Asia Pacific.
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Samsung is going to launch its Galaxy Tab S7 and S7 Plus very soon.
Everyone knows the rivalry between Samsung and Apple, and to raise more names in the market of electronic devices, Samsung is launching its highly advanced devices continuously from the last few years.The Galaxy Tab S7 will be available in two sizes, 11-inches, and 12.4-inches.
If we compare the prices of both the tablets, then, Samsung always keeps the costs of its device lesser to that of Apple.
The Galaxy Tab S7 will come with a stylish integrated stylus known as S pen, whereas the Apple iPad Pro comes with a wonderful Apple Pencil.
For example, Samsung provides the Qualcomm Snapdragon 865+ processor and Apple provides an A12 processor, which is more efficient.Apple also provides specially designed applications for tablets, whereas Samsung does not have such an option.
Samsung allows you to access MS Office apps and other paint apps easily with the help of S Pen and it is available on the Android platform for the first time, but the Apple App Store is allowing you to access such apps from the last few years.
