The China lithium ion battery binder market is predicted to grow considerably at a CAGR of 15.6% during the forecast period (2021-2027). The high production rate of lithium ion batteries in the country is a key factor driving the growth of lithium ion battery binder market in China. Easy availability of low-cost raw material and skilled labor are some key factors that have contributed to the high presence of battery manufacturers across the country. Apart from production part, the growing demand for smart wearable devices due to rapid integration of advanced technologies such AI, IoT, and ML in these devices has spurred the demand for these batteries across the country. The heavy investments in the field of electric vehicles to increase their market share is further aiding to the demand for lithium ion batteries which in turn is driving China lithium ion battery binder market.
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China lithium ion battery binder market is segmented based on type and end-user industry. Based on type, the market is segmented into cathode binder and anode binders. Based on end-user industry, the market is segmented into consumer electronics, automobiles, aerospace & defense and others. Based on end-user industry, the consumer electronics segment is anticipated to exhibit significant growth in the China lithium ion battery binders market. The growing consumer electronics industry owing to integration of advanced technologies such as IoT and AI is anticipated to drive the growth of this market segment.
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China Lithium Ion Battery Binders Market Segmentation
By Type
- Cathode Binders
- Anode Binders
By End-User Industry
- Consumer Electronics
- Automobile
- Aerospace & Defense
- Other
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
