Battery Binders Market Expansion: On Track for $6.4 Billion by 2030

Battery Binders Market Expansion: On Track for $6.4 Billion by 2030

Battery Binders Market - 2023-2030 Meticulous Research a leading global market research company, published a research report titled, Battery Binders Market by Type (Anode Binder, Cathode Binder), Battery Type (Lithium-ion Batteries, Ni-Cd Batteries), Material (PVDF, CMC), Application (Electric Vehicles, Consumer Electronics), Sector, and Geography - Global Forecast to 2030'. Download Free Sample Report@ https://www.meticulousresearch.com/download-sample- report/cp_id=5543?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_co ntent=20-05-2024 In the latest publication from Meticulous Research , the global battery binders market is anticipated to soar to $6.4 billion by 2030, reflecting a robust CAGR of 8.7% from 2023 to 2030. This market growth is primarily fueled by the escalating demand for multitasking battery binders and the rapid adoption of electric vehicles (EVs). Technological advancements in battery binders, coupled with the development of EV charging infrastructure, are poised to create substantial growth opportunities for stakeholders. However, the market faces challenges due to the growing demand for solid-state lithium-ion batteries and underdeveloped EV infrastructure in certain regions. Market Segmentation and Analysis The global battery binders market is intricately segmented based on type, battery type, material, application, and sector. This segmentation allows for a comprehensive analysis of market dynamics and growth potential. The market is divided into anode binders and cathode binders. In 2023, anode binders are expected to dominate the market, driven by their critical role in enhancing battery performance and their widespread use in lithium-ion batteries across consumer electronics, EVs, and energy storage systems. The segments include lithium-ion batteries, nickel-cadmium (Ni-Cd) batteries, nickel-metal hydride (Ni-MH) batteries, sodium-sulfur (Na-S) batteries, redox flow batteries (RFB), and others. Lithium- ion batteries are projected to hold the largest market share due to their increasing applications in various industries and their superior performance characteristics. Materials used in battery binders include polyvinylidene fluoride (PVDF), carboxymethyl cellulose (CMC), polymethyl methacrylate (PMMA), styrene-butadiene copolymer (SBR), and others. PVDF is expected to lead the market, attributed to its high thermal and electrochemical stability, making it ideal for lithium-ion batteries. Applications are categorized into electric vehicles, consumer electronics, energy storage systems, industrial devices, and others. The energy storage systems segment is anticipated to capture the largest market share, driven by the growing demand for renewable energy generation and grid-level energy storage solutions. Sectors include automotive, electronics, energy & utilities, consumer goods, aerospace, marine, medical, and others. The energy & utilities sector is expected to dominate the market, attributed to the need for efficient energy storage systems for power generation. However, the automotive sector is projected to witness the highest CAGR, driven by the surge in EV adoption and supportive government policies. Page 1 of 2 Meticulous Research| sales@meticulousresearch.com

Battery Binders Market - 2023-2030 Regional Insights Asia-Pacific is expected to lead the global battery binders market, driven by the region's strong lithium-ion battery market in countries like China, Japan, India, South Korea, and Australia. The increasing adoption of EVs and the focus on developing energy storage systems further bolster the market growth in this region. North America is projected to register the highest CAGR during the forecast period. Factors contributing to this growth include the presence of established battery binder manufacturers, rising EV sales, and substantial investments in renewable energy sector battery installations. Key Market Players Arkema (France)ENEOS Holdings, Inc. (Japan)Zeon Corporation (Japan)BASF Group (Germany)UBE Corporation (Japan)Asahi Kasei Corporation (Japan)Kureha Corporation (Japan)Mitsui Chemicals, Inc. (Japan)Solvay SA (Belgium)Sumitomo Chemical Co., Ltd. (Japan)Toray Industries, Inc. (Japan)Synthomer plc (U.K.)Trinseo PLC (U.S.)Targray Technology International Inc. (Canada)Sicona Battery Technologies (Australia) Conclusion The global battery binders market is set for significant growth, driven by advancements in battery technology and the expanding EV market. While challenges such as underdeveloped infrastructure and competition from alternative technologies exist, the market's potential remains strong, offering substantial opportunities for stakeholders to innovate and grow in the coming years. Buy Now@ https://www.meticulousresearch.com/Checkout/39209979?utm_source=pdf&utm_medium=soc ial&utm_campaign=product&utm_content=20-05-2024 About Meticulous Research : Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 Meticulous Research| sales@meticulousresearch.com