Lithium-ion Battery Binders Market Growth Demand, Scope, Trends, Top Players, Key Drivers, And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Lithium-Ion Battery Binders Global Market Report 2023 identifies growing adoption of electric vehicles (EVs) as the major driver for the lithium-ion battery binders market's growth in the forecast period. Electric vehicles (EVs) refer to vehicles that are powered by one or more electric motors using electrical energy stored in rechargeable batteries or obtained from an external source. Lithium-ion batteries are the most used type of battery in electric vehicles (EVs) due to their high energy density, reliability, and ability to provide sufficient power for driving longer distances on a single charge. These batteries have revolutionized the EV industry and have become the preferred choice for automotive manufacturers.

The global lithium-ion battery binders' market is expected to grow from $1.78 billion in 2022 to $2.12 billion in 2023 at a compound annual growth rate (CAGR) of 19%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The lithium-ion battery binders' market is expected to reach $4.01 billion in 2027 at a CAGR of 17.3%.

Download Free Sample Of Lithium-Ion Battery Binders Market Report -
https://www.thebusinessresearchcompany.com/sample_request?id=12718&type=smp

Major competitors in the lithium-ion battery binders market are Mitsui Chemicals Inc., BASF SE, Dow, SABIC, LG Chem, Covestro AG, Solvay SA, Sumitomo Chemical Co. Ltd., Asahi Kasei Corporation, DuPont, Arkema SA.

A key trend in the lithium-ion battery binders market includes product innovation. Major companies operating in the lithium-ion battery binder market are focused on developing innovative products and solutions to sustain their position in the market. For instance, in June 2021, Arkema SA, a France-based specialty materials manufacturer, launched Kynar PVDF (Polyvinylidene fluoride) for lithium-ion batteries. These unique grades are produced using only renewable carbon from bio-feedstocks such as crude oil. The company can lower the climate change impact of the Kynar PVDF binder by around 20% (expressed in kg eq. CO2/kg, according to the ISO 14040 standard) and reduce reliance on upstream crude oil use by applying patent-pending technology. PVDF is an important component in lithium-ion batteries because it helps to bind active components together and prevent clumping. Furthermore, the advantages of renewable PVDF can assist minimize the carbon footprint of these batteries while boosting their performance and safety.

Read More On The Global Lithium-Ion Battery Binders Market Report Here:
https://www.thebusinessresearchcompany.com/report/lithium-ion-battery-binders-global-market-report

The lithium-ion battery binders market is segmented -
1) By Type: Anode Binders, Cathode Binders

2) By Battery Chemistry: Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt, Lithium Titanate Oxide, Other Battery Chemistries

3) By Material: Polyvinylidene Fluoride, Carboxymethyl Cellulose, Polymethyl Methacrylate, Styrene Butadiene Copolymer, Other Materials

4) By Application: Automotive, Consumer Electronics, Industrial, Energy Storage, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the lithium-ion battery binders market.

The Business Research Company's "Global Lithium-Ion Battery Binders Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

Explore Buying Options For The Lithium-Ion Battery Binders Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12718

The Table Of Content For The Lithium-Ion Battery Binders Market Include:
1. Executive Summary
2. Lithium-ion Battery Binders Market Characteristics
3. Lithium-ion Battery Binders Market Trends And Strategies
4. Lithium-ion Battery Binders Market - Macro Economic Scenario
5. Global Lithium-ion Battery Binders Market Size and Growth
……..
32. Global Lithium-ion Battery Binders Market Competitive Benchmarking
33. Global Lithium-ion Battery Binders Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lithium-ion Battery Binders Market
35. Lithium-ion Battery Binders Market Future Outlook and Potential Analysis
36. Appendix

Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

This release was published on openPR.