The Global Binders In Battery Market Size is valued at 2.23 billion in 2022 and is predicted to reach 5.47 billion by the year 2031 at a 10.67% CAGR during the forecast period for 2023-2031.
Binder materials are responsible for binding the active material particles within the electrode of a lithium-ion battery (LIB) together so that the electrode and contacts remain connected. These binding compounds are typically innocuous and play a crucial function in battery manufacturing. Over the forecast period, the market is likely to be boosted by increased battery consumption in major industries such as electric vehicles and consumer electronics, as well as expanding government initiatives to increase the sale of electric vehicles. Global lithium-ion battery binder vendors are investing heavily in the development of new and better battery-binding materials. To increase lithium-ion batteries' performance, they offer better binding chemistries such as silicon-based binders, sulfonated binders, and hybrid binders.
However, the COVID-19 pandemic had an initial unfavorable influence on the automotive industry; nevertheless, sales of electric vehicles increased dramatically after the pandemic's peak.
Competitive Landscape:
Some of the Binders in Battery Market players are:
- Arkema
- The Lubrizol Corporation
- KUREHA CORPORATION
- Resonac Holdings Corporation
- APVAPV Engineered Coatings
- DAIKIN INDUSTRIES, Ltd.
- DuPont
- ZEON CORPORATION
- BASF SE
- Targray
- Solvay
- Fujian Blue Ocean & Black Stone Technology Co., Ltd
- Istist Corporation
- Synthomer Plcplc
- Trinseo
- Ashland
- Sicona Battery Technologies
- Northvolt AB
- Ionic Materials, Incinc.
- Sakuu Corporation.
- Princeton Nuenergy
Market Segmentation:
The Binders in Battery Market are segmented on the basis of end-use industry, process, binder chemistry, battery binders and battery type. Based on end-use, the market is segmented as automotive & transportation, energy & power, consumer electronics, and others. The process segment includes solvent-based and water-based. By binder chemistry, the market is segmented into Styrene Butadiene Rubber (SBR), Polyvinylidene Fluoride (PVDF), Carboxymethyl Cellulose (CMC), Polytetrafluoroethylene (PTFE), and others. Battery binders segment includes anode and cathode binder. The battery type segment includes lithium-ion, nickel metal hydride, lead acid, and others.
Based On Binder Chemistry, The Polyvinylidene Fluoride (PVDF) Segment Dominated The Binders In Battery Market
The Polyvinylidene Fluoride (PVDF) category is expected to hold a major share of the global binders in the battery market in 2022. PVDF is a thermoplastic fluoropolymer with excellent chemical, UV, and temperature resistance. PVDF has a number of features that make it an excellent binder material for lithium-ion batteries. It has high electrochemical stability, which means it can keep its structure and performance even when subjected to high voltage and current. It also has strong adhesive qualities, allowing it to effectively attach the active elements of the battery electrode.
The Automotive Segment Witnessed Growth At A Rapid Rate
The automotive category is projected to grow at a rapid rate in the global binders in the battery market. Battery technology advancements are also driving demand for electric vehicles. Newer electric vehicle models are cheaper and have longer ranges than older models. Key automakers are boosting their investments in the development of electric vehicles. This is also contributing to the growth of the lithium-ion battery binders industry.
In The Region, Asia Pacific Binders In Battery Market Hold A Significant Revenue Share
Asia Pacific Binders in Battery Market is expected to register the highest market share in terms of revenue in the near future. The increased usage of electric vehicles is driving the region's market dynamics. In Asia Pacific, China, South Korea, and Japan are key markets for lithium-ion battery binders. The industry in North America is expected to grow rapidly in the foreseeable future. The region's market statistics are being fueled by the growth in investment in the development of electric automobiles. The United States and Canada are important growth engines in the North American market.
Binders in Battery Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 2.23 Bn |
|
Revenue forecast in 2031 |
USD 5.47 Bn |
|
Growth rate CAGR |
CAGR of 10.67% from 2023 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, Volume (KT) and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
End-Use Industry, Process, Binder Chemistry, Battery Binders And Battery Type |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Arkema, The Lubrizol Corporation, KUREHA CORPORATION, Resonac Holdings Corporation, APV Engineered Coatings, DAIKIN INDUSTRIES, Ltd., DuPont, ZEON CORPORATION, BASF SE, Targray, Solvay, FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY CO., LTD., IST Corporation, Synthomer PLC, Trinseo, Ashland, Sicona Battery Technologies, Northvolt AB, IONIC MATERIALS, INC., SAKUU CORPORATION., PRINCETON NUENERGY. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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