Battery Binders Market to be Worth $6.4 Billion by 2030

1. Battery Binders Market to be Worth $6.4 Billion by 2030

2. Global XXX Market – 2016-2022 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'. According to this latest publication from Meticulous Research®, the global battery binders market is projected to reach $6.4 billion by 2030, at a CAGR of 8.7% from 2023 to 2030.The growth of this market is driven by the surge in demand for multitasking battery binders and the rising adoption of electric vehicles. The technological advancements in battery binders and developing infrastructure to charge electric vehicles are expected to offer significant growth opportunities for the stakeholders in the battery binders market. The growing demand for solid-state lithium-ion batteries may restrain the market's growth. Furthermore, underdeveloped infrastructure for electric vehicles is expected to pose challenges to the growth of the battery binders market. The global battery binders market is segmented by type (anode binder, cathode binder), battery type (lithium-ion batteries, nickel-cadmium [Ni-Cd] batteries, nickel-metal hydride [Ni-MH] batteries, sodium-sulfur [Na-S] batteries, redox flow batteries [RFB], other battery types {lead–acid [PbA] batteries, and flow batteries}), material (polyvinylidene fluoride (PVDF), carboxymethyl cellulose (CMC), polymethyl methacrylate (PMMA), styrene-butadiene copolymer (SBR), other materials [materials for functional layer, and sealant for battery applications], application (electric vehicles, consumer electronics, energy storage systems, industrial devices. other applications [medical devices, & marine devices]), sector (automotive, electronics, energy & utilities, consumer goods, aerospace, marine, medical, other sectors [telecommunications and data centers]). The study also evaluates industry competitors and analyzes the market at the regional and country levels. Based on type, the global battery binders market is segmented into anode binder and cathode binder. In 2023, the anode binder segment is expected to account for the larger share of the global battery binders market. The large market share of this segment is attributed to the growing demand for anode binders for better battery performance and the presence of industry-leading anode binder manufacturers. Moreover, this segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing demand for anode binders for lithium-ion batteries due to its significant demand in consumer electronics, electric vehicles, and energy storage systems applications. Based on battery type, the global battery binders market is segmented into lithium-ion batteries, nickel-cadmium (Ni-Cd) batteries, nickel-metal hydride (Ni-MH) batteries, sodium- sulfur (Na-S) Batteries, redox flow batteries (RFB), and other battery types. In 2023, the lithium- ion batteries segment is expected to account for the largest share of the global battery binders market. The large market share of this segment is attributed to the increasing need for battery binders to hold the active material particles together in lithium-ion batteries and the rising demand for binders for battery cell construction and delivering a range of benefits, Page 1 of 4 © Meticulous Research| sales@meticulousresearch.com

3. Global XXX Market – 2016-2022 from safety enhancements and energy density to capacity. Moreover, this segment is projected to register the highest CAGR during the forecast period. Based on material, the global battery binders market is segmented into polyvinylidene fluoride, carboxymethyl cellulose, polymethyl methacrylate, styrene-butadiene copolymer, and other materials. In 2023, the polyvinylidene fluoride segment is expected to account for the largest share of the global battery binders market. The large market share of this segment is attributed to the growing demand for PVDF for the development of lithium-ion batteries, efforts by companies for the development of high-performance PVDF resins and flexible copolymers, and the rising demand for electrodes for use in lithium-ion and lithium-metal polymer batteries and as a separator coating. PVDF plays an important role in powering batteries, particularly lithium-ion batteries, due to its high thermal and electrochemical stability and excellent adhesion between electrode films and collectors. However, the styrene-butadiene copolymer segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing demand for water-based binders to prepare anode electrodes for lithium-ion batteries and the growing demand for styrene-butadiene copolymers due to their strong adhesion and high aging- retardant properties. Furthermore, it has higher flexibility, stronger binding force, and higher heat resistance. Hence, the demand for this segment is expected to grow in the coming future. Based on application, the global battery binders market is segmented into electric vehicles, consumer electronics, energy storage systems, industrial devices, and other applications. In 2023, the energy storage systems segment is expected to account for the largest share of the global battery binders market. The large market share of this segment is attributed to the growing demand for renewable energy generation, the increasing demand for lithium-ion batteries to store electricity, and the rising demand for lithium-ion batteries due to their potential for application to grid-level energy storage systems since these batteries are known for their rapid response, modularization, and flexible installation However, the electric vehicles segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the rising consumer preference for shared mobility, declining costs of high-capacity batteries, and significant investments by EV manufacturers in developing battery binders. Furthermore, supportive government policies and investment in deploying public charging infrastructure, coupled with the benefits offered by electric vehicles, are expected to create significant market growth opportunities in the coming years. Based on sector, the global battery binders market is segmented into automotive, electronics, energy & utilities, consumer goods, aerospace, marine, medical, and other sectors. In 2023, the energy & utilities segment is expected to account for the largest share of the global battery binders market. The large market share of this segment is attributed to the growing need to build grid-level energy storage systems for power generation, the increasing popularity of Page 2 of 4 © Meticulous Research| sales@meticulousresearch.com

4. Global XXX Market – 2016-2022 portable energy storage solutions, and the growing need to implement energy storage systems with high energy density. However, the automotive segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing deployments of lithium- ion batteries for electric vehicles, the increasing need for secure battery systems for EV charging, and the rising government initiatives to launch battery binders to support automotive battery production. Based on geography, the global battery binders market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global battery binders market. Asia-Pacific’s major market share is attributed to the growing demand for battery binders from the well- established lithium-ion batteries market across China, Japan, India, South Korea, and Australia and the growing need to develop energy storage systems across the region. Furthermore, the rising need for power generation and increasing adoption of electric vehicles, especially in China, Japan, and India, is driving the demand for battery binders, subsequently supporting the growth of the battery binders market. In recent years, market players have been heavily investing in the production of water-based anode binders across the Asia-Pacific region, supporting the growth of this market. For instance, in May 2023, BASF (Germany) announced an investment in water-based anode binders to support the lithium-ion battery industry. The new binders will be produced at two existing dispersion plants in Jiangsu and Guangdong, China. In addition to their existing product portfolios, the two plants will produce two innovative anode binders: Licity and Basonal Power, based on modified styrene-butadiene rubber (SBR). The new range of products is expected to come on stream from mid-2023. Such initiatives by major market players are expected to support the growth of this regional market. However, North America is projected to register the highest CAGR during the forecast period. The presence of well-established battery binders across the U.S., an increase in sales of electric vehicles, and growing investments toward the installation of batteries in the renewable energy sector drive the growth of this regional market. Furthermore, companies are increasing their efforts to develop PVDF production facilities for battery materials in the region. For instance, in November 2022, Solvay SA (Belgium) and Orbia (Mexico) announced a joint venture framework agreement to create a partnership for the production of suspension- grade polyvinylidene fluoride (PVDF). Such initiatives from major market players are expected to support the growth of this regional market. Key Players: The key players operating in the global battery binders market are 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. Page 3 of 4 © Meticulous Research| sales@meticulousresearch.com

5. Global XXX Market – 2016-2022 (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). Download @ https://www.meticulousresearch.com/download-sample- report/cp_id=5543 Sample Report Here Key questions answered in the report: •Which are the high-growth market segments in terms of type, battery type, material, application, and sector? •What is the historical market size for battery binders across the globe? •What are the market forecasts and estimates for 2023–2030? •What are the major drivers, restraints, opportunities and challenges in the global battery binders market? •Who are the major players in the global battery binders market, and what are their market shares? •How is the competitive landscape? •What are the recent developments in the global battery binders market? •What are the different strategies adopted by the major players in the market? •What are the geographic trends and high-growth countries? •Who are the local emerging players in the global battery binders market, and how do they compete with other players? Contact Meticulous Email- sales@meticulousresearch.com Contact Connect with us on research 1.1.1.1.1 Recommended Readings Us: Research® Sales- +1-646-781-8004 LinkedIn- https://www.linkedin.com/company/meticulous- Page 4 of 4 © Meticulous Research| sales@meticulousresearch.com