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Key takeaways from this report
- The increasing adoption of wearable technology will have a positive impact on the growth of the market.
- Cathodic binders will represent the highest share of binder type in the market.
- 61% of market growth will come from APAC with China and Japan holding the largest share of the country.
- The market is highly competitive and fragmented, with suppliers deploying innovative strategies to continue to maintain and expand their customer base.
- The market is expected to have a neutral and at par impact due to the COVID-19 pandemic.
Check out Technavio’s 120-page research report with ToC on “Li-Ion Battery Binders Market by Type (Cathodic Binders & Anode Binders), Application (Power Battery, Energy Storage Battery, Digital Battery, etc.) North America, Europe, South America, and MEA) and supplier forecasts, 2021 – 2025 “
https://www.technavio.com/report/binder-market-for-lithium-ion-batteries-market-industry-analysis
Lithium-Ion Battery Binders Market: Analysis of Drivers and Trends
Wearable technology is gaining popularity among sports fans and athletes as it helps improve their performance. It has also led various wearable device manufacturers to pursue constant R&D efforts to introduce innovative lighter products such as flat lithium-ion cell micro-batteries. In addition, the growing need for reliable batteries to provide accurate and continuous records of vital information is further likely to offer immense growth opportunities in the lithium-ion battery binders market.
The advent of modern technologies, including IoT and cloud storage, has accelerated the adoption of consumer electronics products. In addition, factors such as economic growth, increasing literacy rate and purchasing power of consumers have further accelerated sales of smart devices and consumer electronics. With the increase in sales of these products, the demand for raw materials such as lithium-ion batteries will also peak in the coming years. This, in turn, is likely to drive the growth of the binders market for these batteries during the forecast period.
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Lithium-Ion Battery Binders Market: Segmentation Analysis
This market research report fragments the global lithium-ion battery binders market by type (cathode binders & anode binders), application (power battery, energy storage battery, digital battery, etc. ), geography (APAC, North America, Europe, South Americaand MEA).
The cathode binder types segment held the largest market share in 2020. Cathodic binders dry quickly and help to increase the production volume. In addition, their cost efficiency and minimal environmental impact make them a viable choice for end users. These advantages are mainly responsible for this segment to continue to hold the largest share during the forecast period.
In terms of geographic analysis, 61% of the market growth will come from APAC during the forecast period. The increase in sales of electric vehicles (EVs) and the rise in R&D initiatives in the manufacturing industry in China and Japan are the main factors responsible for the region’s highest incremental growth.
Lithium Ion Battery Binders Market: Vendor Analysis
The lithium-ion battery binders market is highly competitive and fragmented. Several market players strive to provide superior quality products by differentiating them either by quality or by service. Suppliers deploy various organic and inorganic growth strategies to survive market competition. This report categorizes the major market players as dominant, pure-play, and industry-focused players to provide effective investment opportunities and enable clients to make informed decisions. The major players in the lithium-ion battery binders market include:
- APV Engineered Coatings Inc.
- Arkema SA
- Ashland Global Holdings Inc.
- BASF SE
- DuPont de Nemours Inc.
- JSR Corp.
- Kureha Corp.
- Solvay SA
- Targray Technology International Inc.
- Zeon Corp.
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Find more materials industry research reports by Technavio
- Lithium Ion Battery Separator Market by Application and Geography 2021-2025 – The market size for lithium ion battery separators will increase by 2.11 billion USD between 2021 and 2025, with a CAGR of 11.05% during the forecast period.
Download an example for more details
Li-Ion Battery Binders Market 2021-2025: Highlights
- Market CAGR during the forecast period 2021-2025
- Detailed information on the factors that will contribute to the growth of the Lithium-Ion Battery Binders market over the next five years
- Estimation of the market size of lithium-ion battery binders and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the lithium-ion battery binders market
- Market competitive landscape analysis and detailed supplier information
- Complete details on factors that will challenge the growth of market vendors
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