What is Binders for Lithium Ion Batteries Market Scope?
Binders are a type of material like PVDF, SBR, and Hydrophilic that are widely used in lithium-ion batteries to hold active material particles together. PVDF is the commonly used binder material in conventional lithium-ion batteries due to its cost-effectiveness. Aqueous-based binders are becoming more popular due to their low cost, environment friendly, and non-toxic characteristics as compared to solvent-based. Further, the increasing government initiatives towards the adoption of electric vehicles and batteries to power the green revolution will create prominent growth for the lithium-ion battery binders market.
Influencing Trend:
Increased Focus on the Innovation and Advancements in Binder Materials to improve the Performance of Batteries and Emerging Trend of Aqueous Binders for Lithium-Ion Battery Manufacturing Due to Its Cost Effectiveness and Environmental Capability
Market Growth Drivers:
Surging Demand for Lithium-Ion Battery for Energy Storage in the Renewable Energy Plants, Shifting Towards the Aqueous Base Materials Like Specifically Modified Styrene Butadiene Copolymer as Binder Material of Lithium-Ion Batteries and Rising Adoption of Battery Operated Vehicles and Growing Popularity of Cathode and Anode Specific Lithium-Ion Batteries Among Manufacturers
Challenges:
Delamination and Crack formation Issues Due to Low Elasticity and Low Adhesion on Electrode Substrate
Restraints:
High Cost Associated with Recovery, Collection, and Environmental Compliance of Solvent-Based Binders
Opportunities:
Significant Growth of Renewable Energy Sector in the Developing Countries Such as India and China
The Binders for Lithium Ion Batteries market study is being classified by Type (Anode Binder and Cathode Binder), by Application and major geographies with country level break-up.
The key manufacturers are focusing on the development of innovative and advanced products with better characteristics and quality to meet the changing consumers’ demands. Vendors are also thinking about mergers & acquisitions and partnerships for further expansion and to remain competitive in the market.
BASF (Germany), Lubrizol (Berkshire Hathaway) (United States), FUJIFILM Wako Pure Chemical Corporation (Japan), Elcan Industries (United States), Arkema (France), Synthomer plc (United Kingdom), Zeon Corporation (Japan), Solvay S.A. (Belgium), JSR Corporation (Japan), Showa Denko Materials (Japan), Ashland Global (United States), Kureha Corporation (Japan) and Trinseo (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Binders for Lithium Ion Batteries market by Type, Application and Region.
On the basis of geography, the market of Binders for Lithium Ion Batteries has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In June 2022, BASF expanded its Licity series with the launch of the new Anode binder Licity® 2698 X F. The newly launched binder is developed to improve property optimized for anodes as well as overcome the limits of lithium-ion batteries. Licity® 2698 X F facilitates the use of silicon contents exceeding 20% that enables a higher capacity and reduced charging time.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Binders Manufacturers, Venture Capitalists and Private Equity Firms, Regulatory Bodies, End-Users and Others
Binders for Lithium Ion Batteries Market Study: Important Years
Attributes | Details |
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Study Period | 2016-2026 |
Base Year | 2020 |
Forecast Period | 2021-2026 |
Historical Period | 2016-2020 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Binders for Lithium Ion Batteries Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Binders for Lithium Ion Batteries industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.