Binders in Battery Market by Type, Material, Process, Battery Type, Application

List of Tables

[199 Pages Report] The Binders in Battery Market size was estimated at USD 3.15 billion in 2023 and expected to reach USD 3.63 billion in 2024, at a CAGR 16.25% to reach USD 9.06 billion by 2030.

Binders are non-active materials that carry the active material particles together and are in contact with the current collectors in batteries. These adhesive components ensure that the electrochemically active particles do not detach from the current collector during the charge and discharge cycles. Binders improve the mechanical integrity of the electrode and help maintain its structural stability during the battery's operation, even as the electrodes undergo volume changes. This is particularly important for achieving long cycling life in batteries. In lithium-ion batteries (LIBs), binders contribute to the electrode's performance by creating an effective conductive network and maintaining good contact between the active materials and the current collector. Binders are also employed in lead-acid, nickel-metal hydride, and other emerging battery technologies. The end-user industries range from consumer electronics manufacturers to automotive companies and utility providers, elucidating a diverse market coverage. The binder in the battery market is growing due to the rising demand for semiconductor batteries across various industries, the growing need to improve and increase battery capacity, and the development of eco-friendly and sustainable binders. However, the fluctuating cost of raw materials and the possibility of reducing the battery's conductivity hinder the adoption of binders. On the other hand, opportunities within the binder market are emerging from the growth in demand for solid-state batteries and the shift towards more sustainable and bio-based binders. Innovations that improve battery performance, such as enhanced cycle life and faster charging capabilities, present considerable potential for businesses operating within this space.

KEY MARKET STATISTICS
Base Year [2023]	USD 3.15 billion
Estimated Year [2024]	USD 3.63 billion
Forecast Year [2030]	USD 9.06 billion
CAGR (%)	16.25%

Regional Insights

In the United States, the demand for high-performance batteries for electric vehicles (EVs), consumer electronics, and renewable energy storage drives the market for advanced binders. In Canada, the binder in battery market is quickly evolving with the push for clean technology and sustainable raw materials. The country has seen increased investment from battery manufacturers looking to secure a supply of high-quality materials for battery production. In South America, the market for battery binders is in a developmental stage but is poised for growth as countries, including Brazil and Argentina, begin to adopt electric mobility solutions. The European Union (EU) countries are advancing in the battery binders market by prioritizing environmental standards and sustainability. The battery industry is rapidly growing, led by the demand for EVs, with substantial support from the European Commission's Battery Alliance initiative. Although the Middle East and Africa region is in the early stages of development regarding the advanced battery market, there is potential for growth due to the adoption of renewable energy applications and energy storage systems. In the APAC region, China is a major country in the production and consumption of batteries, partly due to the vast manufacturing sector and government policies favoring the development of the electric mobility industry. Japan has a long-standing reputation in battery technology with significant research and development in the field. India's binder in batteries market is rapidly expanding as the country seeks to adopt electric vehicles and increase its use of renewable energy. The demand for efficient battery systems is growing in the Asia-Pacific with a large population and rising consumer electronics usage.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Binders in Battery Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rising demand for semiconductor batteries across various industries
- Growing need to improve and increase battery capacity
- Development of eco-friendly and sustainable binders

Market Restraints
- Fluctuating cost of raw materials

Market Opportunities
- Advancements in material sciences and improvements in binder material
- Expanding smart city initiatives requiring battery infrastructure and materials

Market Challenges
- Possibility of reducing the conductivity of the battery

Market Segmentation Analysis
- Type: Rising preference for cathode binder for stronger binding properties
- Material: Increasing usage of polyvinylidene fluoride in binders in battery
- Battery Type: Expanding utilization of binders in lithium-ion batteries
- Application: Growing application of binders in electric vehicles for durability

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Binders in Battery Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Binders in Battery Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Zeon begins preparations for US Li-ion battery binder production

Zeon Corporation announced plans to build a Li-ion battery binder production line through its subsidiary Zeon Chemicals at its Texas plant. Projected to commence operations by 2026, the Texas plant is expected to produce an extensive range of binders, such as anode and cathode binders, functional layer materials for separator coatings, and sealants, which are crucial for optimizing battery cell performance. [Published On: 2023-12-28]

BASF to invest in anode binder production assets for the lithium-ion battery industry

BASF SE announced an investment in producing water-based anode binders to support the lithium-ion battery industry. The new binders are expected to be produced at two existing dispersion plants in Jiangsu and Guangdong, China. In addition to their existing product portfolios, the two plants are expected to make two innovative anode binders, Licity, and Basonal Power, based on modified styrene-butadiene rubber (SBR). [Published On: 2023-05-12]

Arkema introduces new acrylic-based binders and additives for advanced battery cells

Arkema Group has unveiled its eco-friendly Incellion line of waterborne acrylic solutions, poised to revolutionize battery production with advanced binders, dispersants, and rheology modifiers. These cutting-edge components are designed to enhance the formulation of electrodes and separators, paving the way for batteries with superior performance, quicker recharge times, prolonged durability, and greater energy storage capacities. [Published On: 2023-04-28]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Binders in Battery Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Binders in Battery Market, highlighting leading vendors and their innovative profiles. These include Arkema S.A., BASF SE, Cabot Corporation, Chongqing Lihong Fine Chemicals Co.,Ltd, Daikin Industries, Ltd., DIC Group, Elcan Industries Inc., Eneos Corporation, Fujian Blue Ocean & Black Stone Technology Co.,Ltd., Fujifilm Holdings Corporation, Hansol Chemical, Huntsman Corporation, Industrial Summit Technology Corp, Kureha Corporation, LG Chem Ltd., Lubrizol Corporation, MTI Korea Co., Ltd., Nanografi Nano Technology, Resonac Holdings Corporation., Solvay S.A, Sumitomo Seika Chemicals Co., Ltd, Synthomer PLC, The Dow Chemical Company, Trinseo S.A., UBE Corporation, and Zeon Corporation.

Market Segmentation & Coverage

This research report categorizes the Binders in Battery Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Anode Binder
- Cathode Binder

Material
- Carboxymethyl Cellulose
- Polymethyl Methacrylate
- Polyvinylidene Fluoride
- Styrene-butadiene Copolymer

Process
- Solvent-based
- Water-based

Battery Type
- Lead Acid
- Lithium-ion
- Nickel Cadmium

Application
- Consumer Electronics
- Electric Vehicle
- Energy Storage
- Industrial

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-5C6F41F5AF83

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising demand for semiconductor batteries across various industries
  - 5.1.1.2. Growing need to improve and increase battery capacity
  - 5.1.1.3. Development of eco-friendly and sustainable binders
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuating cost of raw materials
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in material sciences and improvements in binder material
  - 5.1.3.2. Expanding smart city initiatives requiring battery infrastructure and materials
- 5.1.4. Challenges
  - 5.1.4.1. Possibility of reducing the conductivity of the battery
5.2. Market Segmentation Analysis
- 5.2.1. Type: Rising preference for cathode binder for stronger binding properties
- 5.2.2. Material: Increasing usage of polyvinylidene fluoride in binders in battery
- 5.2.3. Battery Type: Expanding utilization of binders in lithium-ion batteries
- 5.2.4. Application: Growing application of binders in electric vehicles for durability
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Binders in Battery Market, by Type

6.1. Introduction
6.2. Anode Binder
6.3. Cathode Binder

7. Binders in Battery Market, by Material

7.1. Introduction
7.2. Carboxymethyl Cellulose
7.3. Polymethyl Methacrylate
7.4. Polyvinylidene Fluoride
7.5. Styrene-butadiene Copolymer

8. Binders in Battery Market, by Process

8.1. Introduction
8.2. Solvent-based
8.3. Water-based

9. Binders in Battery Market, by Battery Type

9.1. Introduction
9.2. Lead Acid
9.3. Lithium-ion
9.4. Nickel Cadmium

10. Binders in Battery Market, by Application

10.1. Introduction
10.2. Consumer Electronics
10.3. Electric Vehicle
10.4. Energy Storage
10.5. Industrial

11. Americas Binders in Battery Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Binders in Battery Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Binders in Battery Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Zeon begins preparations for US Li-ion battery binder production
- 14.3.2. BASF to invest in anode binder production assets for the lithium-ion battery industry
- 14.3.3. Arkema introduces new acrylic-based binders and additives for advanced battery cells
- 14.3.4. DIC Develops WATERSOL-LB Waterborne Anode Binder for LiBs
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio