Global Binders In Battery Market Size is valued at USD 2.7 Billion in 2024 and is predicted to reach USD 7.7 Billion by the year 2034 at a 11.2% CAGR during the forecast period for 2025-2034.
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.
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.
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 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.
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.
|
Report Attribute |
Specifications |
|
Market size value in 2024 |
USD 2.7 Billion |
|
Revenue forecast in 2034 |
USD 7.7 Billion |
|
Growth rate CAGR |
CAGR of 11.2% from 2025 to 2034 |
|
Quantitative units |
Representation of revenue in US$ Mn, Volume (KT) and CAGR from 2025 to 2034 |
|
Historic Year |
2021 to 2024 |
|
Forecast Year |
2025-2034 |
|
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. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Binders in the Battery Market By End-Use Industry
Binders in the Battery Market By Binder Chemistry-
Binders in the Battery Market By Battery Binders-
Binders in the Battery Market By Binder Type-
Binders in the Battery Market By Battery Type-
Binders in the Battery Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
