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Binders in Battery Market

Binders in Battery Market Size, Share & Trends Analysis Report Process (Solvent-Based And Water-Based), Binder Chemistry (Styrene Butadiene Rubber (SBR), Polyvinylidene Fluoride (PVDF), Carboxymethyl Cellulose (CMC), Polytetrafluoroethylene (PTFE)), Battery Binders And Battery Type (Lithium-Ion, Nickel Metal Hydride, Lead Acid), End-Use Industry, Region And Segment Forecasts, 2023-2031

Report ID : 1828 | Published : 2023-12-14 | Pages: 180 | Format: PDF/EXCEL

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.

Binders in Battery Market

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.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Binders in the Battery Market Snapshot

Chapter 4. Global Binders in the Battery Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by End-Use Industry Estimates & Trend Analysis
5.1. by End-Use Industry & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2023 to 2031 for the following by End-Use Industry:

5.2.1. Automotive and Transportation
5.2.2. Energy and Power
5.2.3. Consumer Electronics
5.2.4. Others

Chapter 6. Market Segmentation 2: by Binder Chemistry Estimates & Trend Analysis
6.1. by Binder Chemistry & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2023 to 2031 for the following by Binder Chemistry:

6.2.1. Solvent Based
6.2.2. Water Based

Chapter 7. Market Segmentation 3: by Battery Binders Estimates & Trend Analysis
7.1. by Battery Binders & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2023 to 2031 for the following by Battery Binders:

7.2.1. Anode Binder
7.2.2. Cathode Binder

Chapter 8. Market Segmentation 4: by Binder Type Estimates & Trend Analysis

8.1. by Binder Type & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2023 to 2031 for the following by Binder Type:

8.2.1. Styrene Butadiene Rubber (SBR)
8.2.2. Polyvinylidene Fluoride (PVDF)
8.2.3. Carboxymethyl Cellulose (CMC)
8.2.4. Polytetrafluoroethylene (PTFE)
8.2.5. Others

Chapter 9. Market Segmentation 5: by Battery Type Estimates & Trend Analysis
9.1. by Battery Type & Market Share, 2019 & 2031
9.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2023 to 2031 for the following by Battery Type:

9.2.1. Lithium-ion
9.2.2. Nickel Metal Hydride
9.2.3. Lead Acid
9.2.4. Others

Chapter 10. Binders in the Battery Market Segmentation 6: Regional Estimates & Trend Analysis

10.1. North America


10.1.1. North America Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by End-Use Industry, 2023-2031
10.1.2. North America Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Binder Chemistry, 2023-2031
10.1.3. North America Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Battery Binders, 2023-2031
10.1.4. North America Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Binder Type, 2023-2031
10.1.5. North America Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Battery Type, 2023-2031
10.1.6. North America Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by country, 2023-2031


10.2. Europe


10.2.1. Europe Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by End-Use Industry, 2023-2031
10.2.2. Europe Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Binder Chemistry, 2023-2031
10.2.3. Europe Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Battery Binders, 2023-2031
10.2.4. Europe Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Binder Type, 2023-2031
10.2.5. Europe Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Battery Type, 2023-2031
10.2.6. Europe Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by country, 2023-2031


10.3. Asia Pacific


10.3.1. Asia Pacific Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by End-Use Industry, 2023-2031
10.3.2. Asia Pacific Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Binder Chemistry, 2023-2031
10.3.3. Asia-Pacific Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Battery Binders, 2023-2031
10.3.4. Asia-Pacific Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Binder Type, 2023-2031
10.3.5. Asia-Pacific Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Battery Type, 2023-2031
10.3.6. Asia Pacific Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by country, 2023-2031


10.4. Latin America


10.4.1. Latin America Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by End-Use Industry, 2023-2031
10.4.2. Latin America Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Binder Chemistry, 2023-2031
10.4.3. Latin America Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Battery Binders, 2023-2031
10.4.4. Latin America Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Binder Type, 2023-2031
10.4.5. Latin America Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Battery Type, 2023-2031
10.4.6. Latin America Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by country, 2023-2031


10.5. Middle East & Africa


10.5.1. Middle East & Africa Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by End-Use Industry, 2023-2031
10.5.2. Middle East & Africa Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Binder Chemistry, 2023-2031
10.5.3. Middle East & Africa Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Battery Binders, 2023-2031
10.5.4. Middle East & Africa Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Binder Type, 2023-2031
10.5.5. Middle East & Africa Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by Battery Type, 2023-2031
10.5.6. Middle East & Africa Binders in the Battery Market Value (US$ Mn) & Volume (KT) Estimates and Forecasts by country, 2023-2031

Chapter 11. Competitive Landscape

11.1. Major Mergers and Acquisitions/Strategic Alliances

11.2. Company Profiles


11.2.1. Arkema
11.2.2. The Lubrizol Corporation
11.2.3. KUREHA CORPORATION
11.2.4. Resonac Holdings Corporation
11.2.5. APVAPV Engineered Coatings
11.2.6. DAIKIN INDUSTRIES, Ltd.
11.2.7. DuPont
11.2.8. ZEON CORPORATION
11.2.9. BASF SE
11.2.10. Targray
11.2.11. Solvay
11.2.12. Fujian Blue Ocean & Black Stone Technology Co., Ltd
11.2.13. Istist Corporation
11.2.14. Synthomer Plcplc
11.2.15. Trinseo
11.2.16. Ashland
11.2.17. Sicona Battery Technologies
11.2.18. Northvolt AB
11.2.19. Ionic Materials, Incinc.
11.2.20. Sakuu Corporation.
11.2.21. Princeton Nuenergy
11.2.22. Other Prominent Players

Segmentation of Binders in the Battery Market-

Binders in the Battery Market By End-Use Industry

  • Automotive and Transportation
  • Energy and Power
  • Consumer Electronics
  • Others

Binders in Battery Market

Binders in the Battery Market By Binder Chemistry-

  • Solvent Based
  • Water Based

Binders in the Battery Market By Battery Binders-

  • Anode Binder
  • Cathode Binder

Binders in the Battery Market By Binder Type-

  • Styrene Butadiene Rubber (SBR)
  • Polyvinylidene Fluoride (PVDF)
  • Carboxymethyl Cellulose (CMC)
  • Polytetrafluoroethylene (PTFE)
  • Others

Binders in the Battery Market By Battery Type-

Binders in the Battery Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and 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:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

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: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

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.

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Frequently Asked Questions

How big is the Binders in Battery Market?

Binders in Battery Market expected to grow at a 10.67% CAGR during the forecast period for 2023-2031

Arkema, The Lubrizol Corporation, KUREHA CORPORATION, Resonac Holdings Corporation, APV Engineered Coatings, DAIKIN INDUSTRIES, Ltd., DuPont, ZEON COR

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