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Battery Grade Carboxymethyl Cellulose (CMC) Market Expands as Lithium-Ion Battery Demand Rises | Valuates Reports
Battery Grade Carboxymethyl Cellulose (CMC) MarketThe global market for Battery Grade Carboxymethyl Cellulose (CMC) was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
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Battery Grade Carboxymethyl Cellulose (CMC) Market Trends
The Battery Grade Carboxymethyl Cellulose (CMC) market size is experiencing steady growth due to its increasing application as a binder and thickener in lithium-ion batteries. CMC enhances battery stability, electrode adhesion, and cycling performance, making it a crucial component in the EV, energy storage, and consumer electronics industries. As battery technology advances, manufacturers are focusing on high-purity, low-impurity CMC solutions to improve battery lifespan and performance, contributing to market growth.
In terms of market share, Asia-Pacific leads the industry, with China, Japan, and South Korea driving demand due to their strong lithium-ion battery manufacturing capabilities. North America and Europe are also experiencing rising adoption, supported by EV expansion, renewable energy projects, and increasing investments in domestic battery supply chains. Key market players are innovating in CMC processing techniques to enhance viscosity, dispersion, and electrolyte compatibility, making them more suitable for high-energy-density batteries.
A detailed market analysis highlights that the shift toward sustainable and high-efficiency battery components is shaping industry trends. With the growing need for fast-charging, long-lasting, and eco-friendly battery solutions, the Battery Grade Carboxymethyl Cellulose (CMC) market revenue is expected to rise, fueled by technological advancements, strategic collaborations, and increasing government incentives for battery innovation.
by Type
• Purity Above 99%
• Purity Above 99.5%
by Application
• Binder
• Dispersant
• Others
By Company
Nouryon, Nippon Paper, DuPont, Jingrui Chem, Chongqing Lihong, Qingdao Tianya Chemical, Hansstar, Ever Bright, Fortune Biotech, Changzhou Guoyu Chem
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