Binders in Battery Market worth $9.06 billion by 2030, growing at a CAGR of 16.25% - Exclusive Report by 360iResearch

The "Binders in Battery Market by Type (Anode Binder, Cathode Binder), Material (Carboxymethyl Cellulose, Polymethyl Methacrylate, Polyvinylidene Fluoride), Process, Battery Type, Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Binders in Battery Market to grow from USD 3.15 billion in 2023 to USD 9.06 billion by 2030, at a CAGR of 16.25%.

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Binders are non-active materials that carry the active material particles together and are in contact with the current collectors in batteries. These adhesive components ensure that the electrochemically active particles do not detach from the current collector during the charge and discharge cycles. Binders improve the mechanical integrity of the electrode and help maintain its structural stability during the battery's operation, even as the electrodes undergo volume changes. This is particularly important for achieving long cycling life in batteries. In lithium-ion batteries (LIBs), binders contribute to the electrode's performance by creating an effective conductive network and maintaining good contact between the active materials and the current collector. Binders are also employed in lead-acid, nickel-metal hydride, and other emerging battery technologies. The end-user industries range from consumer electronics manufacturers to automotive companies and utility providers, elucidating a diverse market coverage. The binder in the battery market is growing due to the rising demand for semiconductor batteries across various industries, the growing need to improve and increase battery capacity, and the development of eco-friendly and sustainable binders. However, the fluctuating cost of raw materials and the possibility of reducing the battery's conductivity hinder the adoption of binders. On the other hand, opportunities within the binder market are emerging from the growth in demand for solid-state batteries and the shift towards more sustainable and bio-based binders. Innovations that improve battery performance, such as enhanced cycle life and faster charging capabilities, present considerable potential for businesses operating within this space.

In the United States, the demand for high-performance batteries for electric vehicles (EVs), consumer electronics, and renewable energy storage drives the market for advanced binders. In Canada, the binder in battery market is quickly evolving with the push for clean technology and sustainable raw materials. The country has seen increased investment from battery manufacturers looking to secure a supply of high-quality materials for battery production. In South America, the market for battery binders is in a developmental stage but is poised for growth as countries, including Brazil and Argentina, begin to adopt electric mobility solutions. The European Union (EU) countries are advancing in the battery binders market by prioritizing environmental standards and sustainability. The battery industry is rapidly growing, led by the demand for EVs, with substantial support from the European Commission's Battery Alliance initiative. Although the Middle East and Africa region is in the early stages of development regarding the advanced battery market, there is potential for growth due to the adoption of renewable energy applications and energy storage systems. In the APAC region, China is a major country in the production and consumption of batteries, partly due to the vast manufacturing sector and government policies favoring the development of the electric mobility industry. Japan has a long-standing reputation in battery technology with significant research and development in the field. India's binder in batteries market is rapidly expanding as the country seeks to adopt electric vehicles and increase its use of renewable energy. The demand for efficient battery systems is growing in the Asia-Pacific with a large population and rising consumer electronics usage.

Market Segmentation & Coverage:

This research report categorizes the Binders in Battery Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Anode Binder and Cathode Binder. The Cathode Binder is projected to witness significant market share during forecast period.

Based on Material, market is studied across Carboxymethyl Cellulose, Polymethyl Methacrylate, Polyvinylidene Fluoride, and Styrene-butadiene Copolymer. The Polyvinylidene Fluoride is projected to witness significant market share during forecast period.

Based on Process, market is studied across Solvent-based and Water-based. The Water-based is projected to witness significant market share during forecast period.

Based on Battery Type, market is studied across Lead Acid, Lithium-ion, and Nickel Cadmium. The Lithium-ion is projected to witness significant market share during forecast period.

Based on Application, market is studied across Consumer Electronics, Electric Vehicle, Energy Storage, and Industrial. The Consumer Electronics is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 38.15% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Binders in Battery Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Binders in Battery Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Binders in Battery Market, highlighting leading vendors and their innovative profiles. These include Arkema S.A., BASF SE, Cabot Corporation, Chongqing Lihong Fine Chemicals Co.,Ltd, Daikin Industries, Ltd., DIC Group, Elcan Industries Inc., Eneos Corporation, Fujian Blue Ocean & Black Stone Technology Co.,Ltd., Fujifilm Holdings Corporation, Hansol Chemical, Huntsman Corporation, Industrial Summit Technology Corp, Kureha Corporation, LG Chem Ltd., Lubrizol Corporation, MTI Korea Co., Ltd., Nanografi Nano Technology, Resonac Holdings Corporation., Solvay S.A, Sumitomo Seika Chemicals Co., Ltd, Synthomer PLC, The Dow Chemical Company, Trinseo S.A., UBE Corporation, and Zeon Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Binders in Battery Market, by Type
7. Binders in Battery Market, by Material
8. Binders in Battery Market, by Process
9. Binders in Battery Market, by Battery Type
10. Binders in Battery Market, by Application
11. Americas Binders in Battery Market
12. Asia-Pacific Binders in Battery Market
13. Europe, Middle East & Africa Binders in Battery Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Binders in Battery Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Binders in Battery Market?
3. What is the competitive strategic window for opportunities in the Binders in Battery Market?
4. What are the technology trends and regulatory frameworks in the Binders in Battery Market?
5. What is the market share of the leading vendors in the Binders in Battery Market?
6. What modes and strategic moves are considered suitable for entering the Binders in Battery Market?

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