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Lithium-ion Battery Binders Market Overview

The report is titled as ‘Lithium-ion Battery Binders Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Lithium-ion Battery Binders market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

The lithium-ion battery binders market is estimated to reach at a value of US$ 1,489.1 Mn by the end of 2022 and expected to reach at a value of US$ 3,588.7 Mn by 2030 with a significant CAGR of 11.7%.

Lithium-ion Battery Binders Overview

The battery binder can be perceived as the materials which are accountable for possessing the active material fragments inside the electrode of a lithium-ion battery (LIB) combined to sustain a robust association between the electrode and the connections. These binding materials are generally inert and hold a crucial role in the manufacturing process of the battery.

Batteries comprise electrode coatings that expedite the electrochemical reactions that are essential to provide electrical energy. The battery binders utilized in these coatings are usually only a minor proportion of the entire weight of a battery, however they are important to battery cell manufacturing and offer a comprehensive scale of advantages, ranging from safety improvements and energy density to potential and more.

Numerous beneficial properties of lithium-ion battery binders resulting in increased demand

Li-ion battery is basically an electrically-powered battery generally employed in consumer electronic products such as smartphones, laptops, tablets, among other commodities. It is significant to note that specialty binder materials such as SBR, Hydrophilic, and PVDF are utilized in lithium-ion battery technology to keep the active material fragments altogether and in reach with the current collectors, in particular, the Copper Foil (Cu foil) or the Aluminum Foil (Al foil). The use of hydrophilic binders (Revised Styrene-Butadiene Copolymer) in lithium-ion electrode assembly can pave its way to cleaner, simpler and comparatively more cost-effective cell processing, which is primarily driving the demand of li-ion battery binders. In addition, the hydrophilic binders also allow battery technology manufacturers to accomplish greater cell capacity whilst utilizing limited binder material. Owing to such beneficial properties, the global lithium-ion battery binders market is projected to rise significantly over the forecast period.

Besides that, the swift digital technology advances in the lithium-ion battery binders are also allowing effective production, diversifying portfolio, efficient operational maintenance, and sales inspection, hence estimated to accelerate the market growth in the forthcoming years. Other than that, the multiplying demand for decentralized networks, smart storage, intelligent automation, as well as surging household incomes in thriving swift evolving economies are some of the other essential factors that are projected to offer significant growth to the global lithium-ion battery binders market in the coming years.

Regional Market Outlook

In terms of geography, the Lithium-ion Battery Binders market can be divided into six regions – North America, Latin America, Europe, Asia Pacific, Middle-East, and Africa. The Asia Pacific region is projected to witness significant growth in the lithium-ion battery binders market due to the rapid development of the consumer electronics industry as well as the increasing demand of rechargeable lithium-ion battery in the region.

Lithium-ion Battery Binders Market Segmentation

The lithium-ion battery binders market is segmented on the basis of material, process, application, and region.

By Material

PVDF

Hydrophilic

N-Methyl pyrrolidone (NMP)

Styrene Butadiene Copolymer (SBR)

Carboxymethyl cellulose lithium (CMC-Li)

By Process

Solvent Based Processing

Water based Processing

By Application

Anodes

Cathodes

Separators

Electrolytes Solvents

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Lithium-ion Battery Binders Market Key Players

Some of the key participating players in lithium-ion battery binders market are:

Solvey

Targray

BASF

APV Engineered Coatings

Fujifilm

synthomer PLC

Ashland

ZEON CORPORATION

XIAMEN TOB NEW ENERGY TECHNOLOGY Co., LTD.

Daikin

Elcan Industries

Arkema

Kureha

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product developments and launches

Global Lithium Ion Battery Industry Outlook

Lithium-ion Battery Binders Adoption Rate, by Application

Top Companies Historical Growth Rate

Pricing Impact

Advantages of Lithium-ion Battery Binders

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.

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