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Global Lithium-ion Battery Binders Market to reach USD 5.12 Billion by the end of 2029.

Global Lithium-ion Battery Binders Market Size study & Forecast, by Type (Anode Binders, Cathode Binders), By Material (Polyvinylidene fluoride, Carboxymethyl cellulose, Polymethyl Methacrylate, Styrene Butadiene Copolymer, Others), By Battery Chemistry (Lithium iron phosphate, Lithium nickel manganese cobalt, Lithium titanate oxide, Others), By End-use (Automotive, Consumer Electronics, Industrial, Energy Storage, Others) and Regional Analysis, 2022-2029

Product Code: CMCC-47566508
Publish Date: 1-04-2023
Page: 200

Global Lithium-ion Battery Binders Market is valued at approximately USD 1.3 Billion in 2021 and is anticipated to grow with a healthy growth rate of more than 18.7% over the forecast period 2022-2029. Lithium-ion battery binders are materials used in the production of lithium-ion batteries to hold the active materials in place and provide structural stability to the battery. They are typically polymers that are added to the electrode mixture to bind the active materials, such as lithium cobalt oxide or lithium iron phosphate, together. Lithium-ion battery binders play a critical role in the production of high-performance and reliable lithium-ion batteries, which are used in a wide range of applications. The market demand is primarily driven by the factors such as the increasing demand and production of electric vehicles, the growing consumer electronics industry, and the rising development of energy storage systems.

In addition, the increasing emergence of the usage of electric vehicles and the rapidly growing consumer electronics market are acting as major driving factors for market growth. According to the International Energy Agency, electric vehicle (EV) sales more than quadrupled from the previous year in 2021, reaching a new record of 6.6 million. This brings the global total of electric vehicles on the road to almost 16.5 million. Similarly, according to Statista, the consumer electronics market reached USD 1,112 Billion in 2022 from USD 1,035 Billion in 2021. Hence, the potentially emerging electric vehicles industry and consumer electronics are expected to escalate the demand for lithium-ion battery binders in the global market. Furthermore, the rising developments to the increased energy density of lithium-ion batteries and increasing adoption of electric vehicle transportation due to pollution are presenting lucrative opportunities for market growth over the forthcoming years. However, concerns over the safety of lithium-ion battery’s usage in different climatic conditions are restricting the market growth over the forecast period of 2022-2029.

The key regions considered for the Global Lithium-ion Battery Binders Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue due to the enormous demand for electric vehicles due to rising liquid fuel and gas prices. Whereas, Europe is also expected to grow at the highest growth rate over the forecasting period due to growing developments in the EV industry. Factors such as the rising developments of electric public transport vehicles by governments, growing incorporation of lithium-ion batteries in data centers, and increasing demand for electric vehicles among the mass and growing usage in various end-use industries are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
Zeon Corporation
ENEOS Corporation
LG Chem
Ashland Global Holdings Inc.
DuPont de Nemours, Inc.
Kureha Corporation
JSR Corporation
Recent Developments in the Market:
 In June 2022, BASF SE, a European multinational chemical producer company, announced the launch its new Anode binder Licity 2698 X F extending its series of Licity anode binders for Li-ion battery manufacturing. The new Anode binder comes equipped with second-generation styrene-butadiene rubber (SBR) binder with outstanding stress-strain capabilities and elasticity and is highly suitable for SiOx and Si-rich anodes. The new Licity 2698 X F Anode Binder has a higher energy density, a greater number of charge/discharge cycles and quicker charging times.
 In June 2021, Arkema, a multinational specialty chemicals and advanced materials company, announced the launch of its new breakthrough variety of sustainable PVDF grades for lithium-ion batteries. With the launch of the new Kynar PVDF range, according to a mass balance technique, new grades will claim 100% renewable attributable carbon obtained from crude tall oil bio-feedstock. The innovative technology reduces the climate change effect of the Kynar PVDF binder by nearly 20% while lowering reliance on upstream crude oil use. The crude tall oil used in upstream feedstock production is a byproduct of the Kraft process of producing wood pulp.

Global Lithium-ion Battery Binders Market Report Scope:

Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Material, Battery Chemistry, End-use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Anode Binders
Cathode Binders

By Material:
Polyvinylidene fluoride
Carboxymethyl cellulose
Polymethyl Methacrylate
Styrene Butadiene Copolymer

By Battery Chemistry:
Lithium iron phosphate
Lithium nickel manganese cobalt
Lithium titanate oxide

By End-use:
Consumer electronics
Energy Storage

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Lithium-ion Battery Binders Market, by Region, 2019-2029 (USD Billion)
1.2.2. Lithium-ion Battery Binders Market, by Type, 2019-2029 (USD Billion)
1.2.3. Lithium-ion Battery Binders Market, by Material, 2019-2029 (USD Billion)
1.2.4. Lithium-ion Battery Binders Market, by Battery Chemistry, 2019-2029 (USD Billion)
1.2.5. Lithium-ion Battery Binders Market, by End-use, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Lithium-ion Battery Binders Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Lithium-ion Battery Binders Market Dynamics
3.1. Lithium-ion Battery Binders Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing demand and production of electric vehicles Growing consumer electronics industry Rising development of energy storage systems
3.1.2. Market Challenges Concerns over the safety of lithium-ion batteries
3.1.3. Market Opportunities Developments to increase energy density of lithium-ion batteries Increasing adoption of electric transportation due to pollution
Chapter 4. Global Lithium-ion Battery Binders Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Lithium-ion Battery Binders Market, by Type
6.1. Market Snapshot
6.2. Global Lithium-ion Battery Binders Market by Type, Performance – Potential Analysis
6.3. Global Lithium-ion Battery Binders Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Lithium-ion Battery Binders Market, Sub Segment Analysis
6.4.1. Anode Binders
6.4.2. Cathode Binders
Chapter 7. Global Lithium-ion Battery Binders Market, by Material
7.1. Market Snapshot
7.2. Global Lithium-ion Battery Binders Market by Material, Performance – Potential Analysis
7.3. Global Lithium-ion Battery Binders Market Estimates & Forecasts by Material 2019-2029 (USD Billion)
7.4. Lithium-ion Battery Binders Market, Sub Segment Analysis
7.4.1. Polyvinylidene fluoride
7.4.2. Carboxymethyl cellulose
7.4.3. Polymethyl Methacrylate
7.4.4. Styrene Butadiene Copolymer
7.4.5. Others
Chapter 8. Global Lithium-ion Battery Binders Market, by Battery Chemistry
8.1. Market Snapshot
8.2. Global Lithium-ion Battery Binders Market by Battery Chemistry, Performance – Potential Analysis
8.3. Global Lithium-ion Battery Binders Market Estimates & Forecasts by Battery Chemistry 2019-2029 (USD Billion)
8.4. Lithium-ion Battery Binders Market, Sub Segment Analysis
8.4.1. Lithium iron phosphate
8.4.2. Lithium nickel manganese cobalt
8.4.3. Lithium titanate oxide
8.4.4. Others
Chapter 9. Global Lithium-ion Battery Binders Market, by End-use
9.1. Market Snapshot
9.2. Global Lithium-ion Battery Binders Market by End-use, Performance – Potential Analysis
9.3. Global Lithium-ion Battery Binders Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
9.4. Lithium-ion Battery Binders Market, Sub Segment Analysis
9.4.1. Automotive
9.4.2. Consumer electronics
9.4.3. Industrial
9.4.4. Energy Storage
9.4.5. Others
Chapter 10. Global Lithium-ion Battery Binders Market, Regional Analysis
10.1. Lithium-ion Battery Binders Market, Regional Market Snapshot
10.2. North America Lithium-ion Battery Binders Market
10.2.1. U.S. Lithium-ion Battery Binders Market Type breakdown estimates & forecasts, 2019-2029 Material breakdown estimates & forecasts, 2019-2029 Battery Chemistry breakdown estimates & forecasts, 2019-2029 End-use breakdown estimates & forecasts, 2019-2029
10.2.2. Canada Lithium-ion Battery Binders Market
10.3. Europe Lithium-ion Battery Binders Market Snapshot
10.3.1. U.K. Lithium-ion Battery Binders Market
10.3.2. Germany Lithium-ion Battery Binders Market
10.3.3. France Lithium-ion Battery Binders Market
10.3.4. Spain Lithium-ion Battery Binders Market
10.3.5. Italy Lithium-ion Battery Binders Market
10.3.6. Rest of Europe Lithium-ion Battery Binders Market
10.4. Asia-Pacific Lithium-ion Battery Binders Market Snapshot
10.4.1. China Lithium-ion Battery Binders Market
10.4.2. India Lithium-ion Battery Binders Market
10.4.3. Japan Lithium-ion Battery Binders Market
10.4.4. Australia Lithium-ion Battery Binders Market
10.4.5. South Korea Lithium-ion Battery Binders Market
10.4.6. Rest of Asia Pacific Lithium-ion Battery Binders Market
10.5. Latin America Lithium-ion Battery Binders Market Snapshot
10.5.1. Brazil Lithium-ion Battery Binders Market
10.5.2. Mexico Lithium-ion Battery Binders Market
10.5.3. Rest of Latin America Lithium-ion Battery Binders Market
10.6. Rest of The World Lithium-ion Battery Binders Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Arkema Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Zeon Corporation
11.2.3. ENEOS Corporation
11.2.4. Solvay
11.2.5. LG Chem
11.2.6. Ashland Global Holdings Inc.
11.2.7. DuPont de Nemours, Inc.
11.2.8. Kureha Corporation
11.2.9. JSR Corporation
11.2.10. BASF SE
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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