Battery Binders Market Projected to Achieve $6.4 Billion by 2030

Battery Binders Market Projected to Achieve $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=02-07-2024 In its latest publication, Meticulous Research predicts that the global battery binders market will surge to $6.4 billion by 2030, marking a robust CAGR of 8.7% from 2023 to 2030. This growth is primarily driven by the rising demand for versatile battery binders and the rapid adoption of electric vehicles (EVs). Technological advancements in battery binders, along with the expansion of EV charging infrastructure, are expected to create significant growth opportunities. However, challenges such as the increasing demand for solid-state lithium-ion batteries and underdeveloped EV infrastructure in certain regions pose constraints. The market is segmented into anode binders and cathode binders, with anode binders projected to dominate in 2023 due to their crucial role in enhancing battery performance across various applications. Materials used in battery binders include polyvinylidene fluoride (PVDF), carboxymethyl cellulose (CMC), polymethyl methacrylate (PMMA), styrene-butadiene copolymer (SBR), and others. PVDF is anticipated to hold the largest market share owing to its high thermal and electrochemical stability, making it suitable for lithium-ion batteries. The market spans several sectors, including automotive, electronics, energy & utilities, consumer goods, aerospace, marine, medical, and others. The energy & utilities sector is expected to lead the market, driven by the need for efficient energy storage systems. However, the automotive sector is projected to witness the highest CAGR due to the growing adoption of EVs and supportive government policies. Regional Insights The Asia-Pacific region is forecasted to lead the global battery binders market, bolstered by a robust lithium-ion battery market in countries like China, Japan, India, South Korea, and Australia. The region's focus on EV adoption and energy storage system development further enhances market growth.North America is expected to register the highest CAGR during the forecast period, driven by established battery binder manufacturers, increasing EV sales, and investments in battery installations for the renewable energy sector. Key Market Players Prominent players in the battery binders market include 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), and Sicona Battery Technologies (Australia). Page 1 of 2 Meticulous Research| sales@meticulousresearch.com

Battery Binders Market - 2023-2030 Conclusion The global battery binders market is poised for significant growth, fueled by advancements in battery technology and the expanding EV market. While challenges such as underdeveloped infrastructure and competition from alternative technologies exist, the market presents 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=02-07-2024 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. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. 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