Press release
Binders for Lithium Ion Batteries Market Set to Surge - Key Insights You Must Know
Binders for Lithium Ion Batteries Market SizeIn 2024, the global market size of Binders for Lithium Ion Batteries was estimated to be worth US$ 1044 million and is forecast to reach approximately US$ 4488 million by 2031 with a CAGR of 23.5% during the forecast period 2025-2031.
Binder materials are polymer compounds which have an important role in the batteries. Binders for Lithium Ion Batteries responsible for holding the active material particles within the electrode of a lithium-ion battery (LIB) together to maintain a strong connection between the electrode and the contacts.
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The global top three Binders for Lithium Ion Batteries manufacturers are ZEON, Kureha and Solvay. In 2019, the top three players accounted for 52% of global market revenue share. Base on types, Binders for Lithium Ion Batteries can be divided into Anode Binder and Cathode Binder. Among them, Anode Binder Occupied the largest sales share of 65% in 2019. In terms of the applications, Power Battery field occupied the most share of 63% in 2019.
By Type
• Anode Binder
• Cathode Binder
By Application
• Power Battery
• Energy Storage Battery
• Digital Battery
Key Companies
ZEON, Solvay, Suzhou Crystal Clear Chemical, Kureha, Chengdu Indigo Power Sources, JRS, Arkema, BOBS-TECH, Nippon A&L Inc., Shanghai 3F New Materials
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