Lithium-ion Battery Binders Market: Introduction
Transparency Market Research delivers key insights on the global lithium-ion battery binders market. In terms of revenue, the global lithium-ion battery binders market is estimated to expand at a CAGR of 15.6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global lithium-ion battery binders market.
The global lithium-ion battery binders market is broadly affected by several factors, including increase in usage of lithium-ion battery binders in various end-use such as consumer electronics and automotive & transportation, and energy storage system. Rise in global demand for consumer electronics and automotive & transportation has led to significant increase in usage of lithium-ion battery binders. The increase in production and demand for electronic end-use is expected to be the primary driver of the global lithium-ion battery binders market. Moreover, the surge in the demand for consumer electronics and automotive & transportation end-use is propelling the lithium-ion battery binders market.
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Lithium-ion Battery Binders Market: Dynamics
Lithium-ion battery binders include high-energy density, high efficiency, portability, and other properties and are relatively lightweight. They are utilized in every facet of modern life from automobiles to electronic devices. Several industries, including electronics and automotive, use lithium-ion battery binders in lithium-ion batteries.
Lithium-ion batteries are majorly employed in portable devices that are rechargeable in nature and high energy density. The lithium-ion battery binder is majorly utilized in electric vehicles, tablets, laptop, computers, smartphones, digital cameras, and similar power-based devices.
The global automotive & transportation segment is expected to expand considerably during the forecast period. Thus, rise in production of electric vehicles is projected to boost the demand for lithium-ion battery binders during the forecast period.
Manufacturers are focusing on automotive & transportation, as the share held by this segment of the lithium-ion battery binders market is likely to increase during the forecast period.
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Lithium-ion Battery Binders Market: Prominent Regions
Asia Pacific holds major share of the global lithium-ion battery binders market. The market in the region is anticipated to expand at a CAGR of more than 16.6% during the forecast period. The increase in demand for lithium-ion battery binders in various end-uses, such as consumer electronics and automotive & transportation, is driving the lithium-ion battery binders market in Asia Pacific. China is a key country of the lithium-ion battery binders market in Asia Pacific. It held significant share of the lithium-ion battery binders market in Asia Pacific in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
North America is also a prominent region of the global lithium-ion battery binders market. The U.S led the lithium-ion battery binders market in North America in 2020. The increase in demand for lithium-ion battery binders in consumer electronics is driving the market in the U.S.
Lithium-ion Battery Binders Market: Major Players
The global lithium-ion battery binders market is consolidated with the presence of key players. Prominent players operating in the global lithium-ion battery binders market include Solvay S.A., Zeon Specialty Materials Inc., Arkema S.A, Ashland Global Holdings Inc., DuPont de Nemours, Inc., JSR Corporation, Kureha Corporation, APV Engineered Coatings Inc., FUJIFILM Wako Chemical Corporation FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY CO., LTD., and JSR Micro NV.
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Global Lithium-ion Battery Binders Market: Segmentation
Lithium-ion Battery Binders Market, by Chemistry
- Polyvinylidene Fluoride (PVDF)
- Carboxy Methyl Cellulose
- Polymethyl Methacrylate (PMMA)
- Styrene Butadiene Copolymer (SBR)
- Others (Including Sodium Carboxymethyl Cellulose)
Lithium-ion Battery Binders Market, by End-use
- Consumer Electronics
- Automotive & Transportation
- Energy Storage System
- Others (including Aerospace and Defense)
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