According to the recent study the lithium-ion battery binder market is projected to reach an estimated $4 billion by 2028 at a CAGR of 16.4% from 2023 to 2028. Growth in this market is primarily driven by increasing usage of lithium-ion batteries in electronic devices, growing demand for lithium-ion batteries as an alternative to conventional batteries, and rising preference for electric battery based vehicles among customers.
A more than 150–page
report is developed to understand trends, opportunities and forecast in
lithium-ion battery binder market by product type (anode binders and cathode
binders), material (lithium iron phosphate, lithium iron phosphate, lithium
nickel manganese cobalt, lithium titanate oxide, and others), battery chemistry
(polyvinylidene fluoride, carboxymethyl cellulose, polymethyl methacrylate,
styrene butadiene copolymer, and others), end use industry (automotive,
consumer electronics, industrial, energy storage, and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World).
“Anode market is expected to remain the largest segment during the
forecast period.”
Based on product type,
the lithium-ion battery binder market is segmented into anode binders and
cathode binders. Lucintel forecasts that the anode market is expected to remain
the largest segment due to the significant usage of lithium-ion binders to
improve battery performance.
“Within the lithium-ion battery binder market, the automotive
segment is expected to remain the largest end use industry.”
Based on end use
industry the automotive segment is expected to witness the highest growth over
the forecast period due to the high use of lithium-ion batteries in electric
and hybrid vehicles because of their low weight and low maintenance
requirements.
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lithium-ion battery binder market
“Asia pacific will dominate the lithium-ion battery binder market
in near future.”
APAC will remain the
largest region due to the extensive demand for lithium-ion batteries in various
end use industries, such as consumer electronics, automotive, and data centers,
in the region.
Major players of
lithium-ion battery binder market are adopting various growth strategies like
new product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Arkema,
Solvay, LG Chem, ENEOS Corporation, and Zeon are among the major lithium-ion
battery binder providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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