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By 2030, the market for battery binders is anticipated to grow at a CAGR of 8.3%, reaching a value of USD 7.10 billion.
This industry is expanding as a result of the increased popularity of electric vehicles and the surge in demand for multipurpose battery binders. The stakeholders in the battery binders market can anticipate to benefit significantly from the technological developments in battery binders and the growing infrastructure for charging electric vehicles. The market's expansion could be somewhat constrained by the rising demand for solid state lithium-ion batteries. The development of the battery binders industry is also anticipated to face difficulties because to the lack of infrastructure for electric vehicles.
In lithium-ion batteries, battery binders are essential for holding the electrode's active components together and guaranteeing their adhesion to the membrane that separates the current collector from the separator. They support the battery's performance, stability, and structural integrity. They are in charge of securing the electrode components together, aiding in adhesion to metal or separator membranes, and making sure the active components are distributed uniformly within the battery electrode. In order to mechanically stabilize and hold the active components of the electrodes together, battery binders, also referred to as electrode binders, are employed in the production of rechargeable batteries. Lithium-ion batteries are widely utilized in many different applications, such as portable devices, electric cars, and energy storage systems. They are built with these crucial components.
The rising mechanical binding of battery binders is mostly due to the increasing popularity of electric vehicles (EVs). The International Energy Agency (IEA) (France) estimates that by 2022, there will be over 10 million electric vehicles sold worldwide. Around 14% of all new cars sold in 2022 were electric, up from 9% in 2021 and fewer than 5% in 2020. With more than 60% of all electric car sales worldwide, China set the standard. More than half of all electric vehicles on the planet are currently produced in China, which has already surpassed its target for sales of new energy vehicles by 2025. Sales of electric vehicles increased by over 15% in 2023 in Europe, the second-largest market, with more than one in every five vehicles sold. Electric car sales in the third-largest market, the United States, increased by 55% in 2023. Battery binders, also known as electrode binders, are used in the manufacture of rechargeable batteries in order to mechanically stabilize and hold the active components of the electrodes together. These batteries are essential components in the production of lithium-ion batteries, which are widely used in portable electronics, electric vehicles (EVs), and energy storage systems.
The development of lithium-ion battery binders would be hampered by the rising demand for electrodes free of binders. Binders typically lack electrochemical activity and function as insulators, which lowers total energy density and negatively affects cycling stability. Due to their enhanced electronic conductivity and ability to reverse electrochemical reactions, binder-free electrodes offer a huge chance for excellent performance. Binder-free electrodes are the subject of research and development because they can address issues including weak interaction and interface issues between the binder and the active material. Thus, it is anticipated that rising demand for electrodes devoid of binders will constrain the development of binders for lithium-ion batteries.
The International Energy Agency (IEA) (France) claims that the market for electric vehicles is expanding exponentially, with over 10 million units sold in 2022. In 2022, about 14% of all new automobiles sold were electric, up from less than 5% in 2020 and roughly 9% in 2021. China led the way, with over 60% of global sales of electric vehicles. China now accounts for more than half of all electric vehicles worldwide, and its 2025 goal for new energy vehicle sales has already been surpassed. In 2022, electric car sales in Europe, the second-largest market, climbed by over 15%, resulting in the sale of more than one in every five vehicles. The third-largest market, the United States, saw a 55% growth in electric car sales in 2022, resulting in an 8% sales share. More EV charging stations are now required internationally as a result of the rise in popularity of electric vehicles. As a result, the demand for lithium-ion batteries for EV charging ultimately increases, boosting the demand for battery binders and fostering the market's expansion.
The market for battery binders in North America had a value of USD 0.6 billion in 2022 and is expected to gain substantial ground through 2032 as a result of the growing popularity of electric vehicles (EVs) and the quick development of battery technologies. In the United States, EV sales might account for 40% of all passenger car sales by 2030, according to S&P Global Mobility. Governments and consumers are putting more emphasis on sustainability and reducing carbon emissions, which has sped up the integration of renewable energy sources like solar and wind into electricity systems. The growth of the regional market will be aided by the major expansion of the consumer electronics industry, which includes tablets, smartphones, laptops, and wearables, as well as the rising need for high-performance and long-lasting batteries.
Report Coverage
Global Battery Binders research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Battery Binders report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Battery Binders competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Battery Binders market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Battery Binders market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Battery Binders market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
The Lubrizol Corporation, Arkema, BASF SE, Daikin Industries, Ltd., Zeon Corporation, Targray, Industrial Summit Technology Corp., SYNTHOMER PLC, Trinseo S.A., UBE Corporation, Kureha Corporation, Sumitomo Chemical Co., Ltd, Solvay S.A., DuPont, Asahi Kasei Corporation, Mitsubishi Chemical Corporation, LG Chem, and among others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Battery Binders market based on the below-mentioned segments:
Global Battery Binders Market, By Type
Polymethyl Methacrylate (PMMA)
Polyvinylidene Fluoride (PVDF)
Carboxymethyl Cellulose (CMC)
Styrene-butadiene Copolymer (SBR)
Others
Global Battery Binders market, By Application
Electric Vehicles
Portable Electronics
Grid Energy Storage Systems
Industrial
Others
Global Battery Binders Market, By End User
Automotive
Electronics
Power Grid
Consumer Goods
Other
Global Battery Binders market, Regional Analysis
This industry is expanding as a result of the increased popularity of electric vehicles and the surge in demand for multipurpose battery binders. The stakeholders in the battery binders market can anticipate to benefit significantly from the technological developments in battery binders and the growing infrastructure for charging electric vehicles. The market's expansion could be somewhat constrained by the rising demand for solid state lithium-ion batteries. The development of the battery binders industry is also anticipated to face difficulties because to the lack of infrastructure for electric vehicles.
In lithium-ion batteries, battery binders are essential for holding the electrode's active components together and guaranteeing their adhesion to the membrane that separates the current collector from the separator. They support the battery's performance, stability, and structural integrity. They are in charge of securing the electrode components together, aiding in adhesion to metal or separator membranes, and making sure the active components are distributed uniformly within the battery electrode. In order to mechanically stabilize and hold the active components of the electrodes together, battery binders, also referred to as electrode binders, are employed in the production of rechargeable batteries. Lithium-ion batteries are widely utilized in many different applications, such as portable devices, electric cars, and energy storage systems. They are built with these crucial components.
The rising mechanical binding of battery binders is mostly due to the increasing popularity of electric vehicles (EVs). The International Energy Agency (IEA) (France) estimates that by 2022, there will be over 10 million electric vehicles sold worldwide. Around 14% of all new cars sold in 2022 were electric, up from 9% in 2021 and fewer than 5% in 2020. With more than 60% of all electric car sales worldwide, China set the standard. More than half of all electric vehicles on the planet are currently produced in China, which has already surpassed its target for sales of new energy vehicles by 2025. Sales of electric vehicles increased by over 15% in 2023 in Europe, the second-largest market, with more than one in every five vehicles sold. Electric car sales in the third-largest market, the United States, increased by 55% in 2023. Battery binders, also known as electrode binders, are used in the manufacture of rechargeable batteries in order to mechanically stabilize and hold the active components of the electrodes together. These batteries are essential components in the production of lithium-ion batteries, which are widely used in portable electronics, electric vehicles (EVs), and energy storage systems.
The development of lithium-ion battery binders would be hampered by the rising demand for electrodes free of binders. Binders typically lack electrochemical activity and function as insulators, which lowers total energy density and negatively affects cycling stability. Due to their enhanced electronic conductivity and ability to reverse electrochemical reactions, binder-free electrodes offer a huge chance for excellent performance. Binder-free electrodes are the subject of research and development because they can address issues including weak interaction and interface issues between the binder and the active material. Thus, it is anticipated that rising demand for electrodes devoid of binders will constrain the development of binders for lithium-ion batteries.
The International Energy Agency (IEA) (France) claims that the market for electric vehicles is expanding exponentially, with over 10 million units sold in 2022. In 2022, about 14% of all new automobiles sold were electric, up from less than 5% in 2020 and roughly 9% in 2021. China led the way, with over 60% of global sales of electric vehicles. China now accounts for more than half of all electric vehicles worldwide, and its 2025 goal for new energy vehicle sales has already been surpassed. In 2022, electric car sales in Europe, the second-largest market, climbed by over 15%, resulting in the sale of more than one in every five vehicles. The third-largest market, the United States, saw a 55% growth in electric car sales in 2022, resulting in an 8% sales share. More EV charging stations are now required internationally as a result of the rise in popularity of electric vehicles. As a result, the demand for lithium-ion batteries for EV charging ultimately increases, boosting the demand for battery binders and fostering the market's expansion.
The market for battery binders in North America had a value of USD 0.6 billion in 2022 and is expected to gain substantial ground through 2032 as a result of the growing popularity of electric vehicles (EVs) and the quick development of battery technologies. In the United States, EV sales might account for 40% of all passenger car sales by 2030, according to S&P Global Mobility. Governments and consumers are putting more emphasis on sustainability and reducing carbon emissions, which has sped up the integration of renewable energy sources like solar and wind into electricity systems. The growth of the regional market will be aided by the major expansion of the consumer electronics industry, which includes tablets, smartphones, laptops, and wearables, as well as the rising need for high-performance and long-lasting batteries.
Report Coverage
Global Battery Binders research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Battery Binders report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Battery Binders competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Battery Binders market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | The Lubrizol Corporation, Arkema, BASF SE, Daikin Industries, Ltd., Zeon Corporation, Targray, Industrial Summit Technology Corp., SYNTHOMER PLC, Trinseo S.A., UBE Corporation, Kureha Corporation, Sumitomo Chemical Co., Ltd, Solvay S.A., DuPont, Asahi Kasei Corporation, Mitsubishi Chemical Corporation, LG Chem, and among others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Battery Binders Market from 2021 to 2030.
- Market Forecast for Battery Binders Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Battery Binders competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Battery Binders
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Battery Binders market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Battery Binders market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
The Lubrizol Corporation, Arkema, BASF SE, Daikin Industries, Ltd., Zeon Corporation, Targray, Industrial Summit Technology Corp., SYNTHOMER PLC, Trinseo S.A., UBE Corporation, Kureha Corporation, Sumitomo Chemical Co., Ltd, Solvay S.A., DuPont, Asahi Kasei Corporation, Mitsubishi Chemical Corporation, LG Chem, and among others.
Primary Target Market
- Market Players of Battery Binders
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Battery Binders market based on the below-mentioned segments:
Global Battery Binders Market, By Type
Polymethyl Methacrylate (PMMA)
Polyvinylidene Fluoride (PVDF)
Carboxymethyl Cellulose (CMC)
Styrene-butadiene Copolymer (SBR)
Others
Global Battery Binders market, By Application
Electric Vehicles
Portable Electronics
Grid Energy Storage Systems
Industrial
Others
Global Battery Binders Market, By End User
Automotive
Electronics
Power Grid
Consumer Goods
Other
Global Battery Binders market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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