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The market for lithium-ion battery binders was estimated to be worth USD 1.6 billion in 2022, and it is anticipated to increase to USD 3.7 billion by 2030, with a compound annual growth rate (CAGR) of 19.7% from 2023 to 2030. During the projected period, the market is anticipated to be driven by rising battery consumption in important industries including electric vehicles and consumer electronics as well as expanding government initiatives to boost the sale of electric vehicles.
Binders for lithium-ion batteries are substances that hold the electrode's active components together. The binder is an essential aspect of the electrode in a lithium-ion battery because it binds the active material, which is commonly a lithium metal oxide or lithium cobalt oxide, in place and keeps it from separating or disintegrating while the battery is in use. Usually, the binder is infused into the electrode as a liquid, which solidifies and secures the active substance. The most often used binder for lithium-ion batteries is a polymer known as polyvinylidene fluoride (PVDF). A high-performance binder that can withstand both extreme temperatures and potent acids and bases is PVDF. It is hence perfect for use in lithium-ion batteries.
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 stabilise 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 utilised in many different applications, such as portable devices, electric cars, and energy storage systems. They are built with these crucial components.
The main purpose of battery binders is to build an effective and conductive matrix that holds the electrode structure's active components, such as lithium compounds and graphite, in place. These binders aid in preserving the electrodes' structural integrity during the battery's charge and discharge cycles by preventing the active components from coming loose or disintegrating. Battery binders are polymeric substances with adhesive qualities that enable them to join the electrode components and glue the active materials to the current collectors. To endure the severe conditions of battery operation, such as repetitive expansion and contraction of the electrode materials during charging and discharging, they must demonstrate great adhesion, high elasticity, and chemical stability.
Battery demand has grown significantly over the past few years, and it is anticipated to continue growing rapidly for at least the next several years. Globally, there is an emphasis on reducing the usage of conventional energy sources in a variety of industries, including the automobile and electricity industries. As a result, the entire manufacturing of lithium-ion batteries has increased. Lead-acid, nickel-cadmium, and nickel-metal hydride batteries cannot compete with the electrochemical performance of lithium-ion batteries. In addition to higher power, excellent efficiency, and low self-discharge, these batteries have a long lifespan. The performance of lithium-ion batteries is being improved by a number of industry companies, which has made them a desirable option for stationary energy storage applications. Because of this, the market for battery binders is predicted to develop as a result of the growing usage of lithium-ion batteries in electric vehicles and renewable energy storage.
There are several approaches to prepare binding-free electrodes, including template-free and template-assisted techniques. 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.
Report Coverage
Global Lithium-ion 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 Lithium-ion Battery Binders report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Lithium-ion 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 Lithium-ion 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 Lithium-ion Battery Binders market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Lithium-ion 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
Asahi Kasei Corporation, Arkema Group, Dow, DuPont, Kureha Corporation, Mitsui Chemicals, Inc., Solvay SA, Sumitomo Chemical Co., Ltd., Toray Industries Inc., UBE Industries Ltd., Topsoe, and Zeon Corporation
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Lithium-ion Battery Binders market based on the below-mentioned segments:
Global Lithium-ion Battery Binders Market, By Type
Polyvinylidene Fluoride (PVDF)
Carboxymethyl Cellulose (CMC)
Polymethyl Methacrylate (PMMA)
Styrene-butadiene Copolymer (SBR)
Others
Global Lithium-ion Battery Binders market, By Application
Electric Vehicles
Portable Electronics
Grid Energy Storage Systems
Industrial and Marine Devices
Others
Global Lithium-ion Battery Binders Market, By End User
Automotive
Consumer electronics
Industrial
Energy Storage
Others
Global Lithium-ion Battery Binders market, Regional Analysis
Binders for lithium-ion batteries are substances that hold the electrode's active components together. The binder is an essential aspect of the electrode in a lithium-ion battery because it binds the active material, which is commonly a lithium metal oxide or lithium cobalt oxide, in place and keeps it from separating or disintegrating while the battery is in use. Usually, the binder is infused into the electrode as a liquid, which solidifies and secures the active substance. The most often used binder for lithium-ion batteries is a polymer known as polyvinylidene fluoride (PVDF). A high-performance binder that can withstand both extreme temperatures and potent acids and bases is PVDF. It is hence perfect for use in lithium-ion batteries.
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 stabilise 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 utilised in many different applications, such as portable devices, electric cars, and energy storage systems. They are built with these crucial components.
The main purpose of battery binders is to build an effective and conductive matrix that holds the electrode structure's active components, such as lithium compounds and graphite, in place. These binders aid in preserving the electrodes' structural integrity during the battery's charge and discharge cycles by preventing the active components from coming loose or disintegrating. Battery binders are polymeric substances with adhesive qualities that enable them to join the electrode components and glue the active materials to the current collectors. To endure the severe conditions of battery operation, such as repetitive expansion and contraction of the electrode materials during charging and discharging, they must demonstrate great adhesion, high elasticity, and chemical stability.
Battery demand has grown significantly over the past few years, and it is anticipated to continue growing rapidly for at least the next several years. Globally, there is an emphasis on reducing the usage of conventional energy sources in a variety of industries, including the automobile and electricity industries. As a result, the entire manufacturing of lithium-ion batteries has increased. Lead-acid, nickel-cadmium, and nickel-metal hydride batteries cannot compete with the electrochemical performance of lithium-ion batteries. In addition to higher power, excellent efficiency, and low self-discharge, these batteries have a long lifespan. The performance of lithium-ion batteries is being improved by a number of industry companies, which has made them a desirable option for stationary energy storage applications. Because of this, the market for battery binders is predicted to develop as a result of the growing usage of lithium-ion batteries in electric vehicles and renewable energy storage.
There are several approaches to prepare binding-free electrodes, including template-free and template-assisted techniques. 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.
Report Coverage
Global Lithium-ion 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 Lithium-ion Battery Binders report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Lithium-ion 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 Lithium-ion 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 | Asahi Kasei Corporation, Arkema Group, Dow, DuPont, Kureha Corporation, Mitsui Chemicals, Inc., Solvay SA, Sumitomo Chemical Co., Ltd., Toray Industries Inc., UBE Industries Ltd., Topsoe, and Zeon Corporation |
| 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 Lithium-ion Battery Binders Market from 2021 to 2030.
- Market Forecast for Lithium-ion 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, Lithium-ion Battery Binders competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Lithium-ion Battery Binders
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Lithium-ion Battery Binders market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Lithium-ion 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
Asahi Kasei Corporation, Arkema Group, Dow, DuPont, Kureha Corporation, Mitsui Chemicals, Inc., Solvay SA, Sumitomo Chemical Co., Ltd., Toray Industries Inc., UBE Industries Ltd., Topsoe, and Zeon Corporation
Primary Target Market
- Market Players of Lithium-ion 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 Lithium-ion Battery Binders market based on the below-mentioned segments:
Global Lithium-ion Battery Binders Market, By Type
Polyvinylidene Fluoride (PVDF)
Carboxymethyl Cellulose (CMC)
Polymethyl Methacrylate (PMMA)
Styrene-butadiene Copolymer (SBR)
Others
Global Lithium-ion Battery Binders market, By Application
Electric Vehicles
Portable Electronics
Grid Energy Storage Systems
Industrial and Marine Devices
Others
Global Lithium-ion Battery Binders Market, By End User
Automotive
Consumer electronics
Industrial
Energy Storage
Others
Global Lithium-ion 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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