Press release
Binders in Battery Market Exclusive Report on Current Trends and Future Insights
The global binders in the battery market are estimated to reach over USD 7.7 billion by 2034, exhibiting a CAGR of 11.2% during the forecast period.
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Battery binders are essential compounds used to hold the active materials within lithium-ion battery electrodes in place. These binders play a critical role in maintaining the structural integrity of the electrode by ensuring that the active components-commonly lithium metal oxide or lithium cobalt oxide-remain securely bonded during operation. To meet the increasing demand for high-performance and durable lithium-ion batteries, advanced binder materials with enhanced adhesion strength, improved ionic conductivity, and greater thermal and chemical stability are being actively developed.
In recent years, significant progress has been made in binder technology, leading to the emergence of next-generation materials that offer superior performance compared to conventional binders. Notably, current research is focused on the development of conductive polymer binders, which enhance the electrical conductivity of battery electrodes and thereby contribute to overall performance improvements.
List of Prominent Players in the Binders in Battery Market:
• 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 Dynamics:
Drivers-
The global demand for batteries has surged significantly in recent years, a trend expected to persist in the foreseeable future. This growth is largely driven by the global transition away from traditional fossil fuel-based energy sources, particularly in the automotive and power sectors. As a result, the production of lithium-ion batteries has seen substantial growth due to their superior electrochemical performance compared to conventional alternatives such as lead-acid, nickel-cadmium, and nickel-metal hydride batteries.
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Challenges:
Despite the upward trajectory of electric vehicle (EV) adoption, several barriers continue to impede rapid market penetration. Although global EV sales are rising and many nations remain committed to achieving their environmental goals, the automotive industry faces challenges in fully transitioning from internal combustion engines to electric mobility. High upfront costs, limited charging infrastructure, range anxiety, and lengthy charging times are significant obstacles.
Regional Trends:
The Asia Pacific region is expected to dominate the battery binders market in terms of revenue and is projected to register a high compound annual growth rate (CAGR) in the coming years. This growth is driven by escalating demand for consumer electronics-including smartphones, tablets, and laptops-coupled with the rising popularity of electric vehicles. Government-led initiatives in countries such as China, India, and South Korea have further accelerated the adoption of lithium-ion batteries, consequently driving demand for battery binders. Additionally, the expansion of the telecommunications sector has spurred the development of data centers, which are increasingly transitioning from lead-acid to lithium-ion batteries, further supporting market growth in the region.
Recent Developments:
• In June 2022, Solvay completed its polyvinylidene fluoride (PVDF) capacity expansion project at its Changshu facility in China. To accommodate the increased customer demand for EVEV batteries, the company expanded its production capacity for this high-performance polymer ahead of schedule.
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Segmentation of Binders in the Battery Market-
By End-Use Industry
• Automotive and Transportation
• Energy and Power
• Consumer Electronics
• Others
By Binder Chemistry-
• Solvent Based
• Water Based
By Battery Binders-
• Anode Binder
• Cathode Binder
By Binder Type-
• Styrene Butadiene Rubber (SBR)
• Polyvinylidene Fluoride (PVDF)
• Carboxymethyl Cellulose (CMC)
• Polytetrafluoroethylene (PTFE)
• Others
By Battery Type-
• Lithium-ion
• Nickel Metal Hydride
• Lead Acid
• Others
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-
• GCCGCC Countries
• South Africa
• Rest of the Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
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