Global Lithium Ion Battery Binders Market Trends 2024, Forecast To 2033
8 Mar, 2024
Lithium-ion battery binders market, at $2.12 billion in 2023, is set to reach $2.51 billion in 2024, growing at an 18.6% CAGR due to electric vehicle surge. Forecasted growth to $4.68 billion by 2028 is fueled by energy density improvements and IoT integration, with trends like sustainable binder development.
Global Lithium ion Battery Binders Market Key Driver
The lithium-ion battery binders market is expanding with the growing adoption of electric vehicles (EVs). EVs rely on lithium-ion batteries for their energy storage needs, driving demand for battery binders. With a substantial increase in EV sales and a shift towards sustainable transportation, the lithium-ion battery binder market is witnessing significant growth. The surge in EV sales, as reported by the United States Department of Energy, highlights the increasing adoption of electric vehicles worldwide, thereby fueling the demand for battery binders.
Get A Free Sample Of The Global Lithium ion Battery Binders Market ReportGlobal Lithium ion Battery Binders Market Segments
The lithium-ion battery binders market covered in this report is segmented –
1) Type:Anode Binders, Cathode Binders
2) Battery Chemistry:Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt, Lithium Titanate Oxide, Other Battery Chemistries
3) Material:Polyvinylidene Fluoride, Carboxymethyl Cellulose, Polymethyl Methacrylate, Styrene Butadiene Copolymer, Other Materials
4) Application:Automotive, Consumer Electronics, Industrial, Energy Storage, Other Applications
By Geography: The countries covered in the lithium-ion battery binders market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the lithium-ion battery binders market in 2023. The regions covered in the lithium-ion battery binders market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Lithium ion Battery Binders Industry Players
Mitsui Chemicals Inc.; BASF SE; Dow; SABIC; LG Chem; Covestro AG; Solvay SA; Sumitomo Chemical Co. Ltd.; Asahi Kasei Corporation; DuPont; Arkema SA; Toray Industries Inc.; UBE Corporation; Zeon Corporation; Denka Company Limited; Dongyue Group Limited; JSR Corporation; Ashland Inc.; Kureha Corporation; Topsoe; Targray Technology International Inc.; Mitsubishi Chemical Corporation; Shanghai 3F New Materials Co. Ltd.; Suzhou Crystal Clear Chemical Co. Ltd.; APV Engineered Coatings
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Lithium ion Battery Binders Market Overview
Lithium-ion battery binders refer to the materials designed to hold together the active components of a lithium-ion battery, specifically the cathode and anode materials, along with the conductive additives and electrolytes. It is used to bind the coatin’'s parts and aid in bonding the layer to the metal or membrane separator.