The global lithium ion battery binders market is anticipated to grow at a CAGR of 13.5% during the forecast period. The increasing rate of lithium ion battery production facility expansion is anticipated to create demand for lithium ion battery binders which in turn will drive the market growth. For instance, in April 2021, Lithium-ion battery pack manufacturer Lohum announced its plans to invest up to $0.34 million in the next three years to enhance its capacity with plans to foray into electric four-wheeler battery segment. With this the company’s manufacturing capacity of 300 megawatt-hours per annum, is anticipated to reach “gigawatt-hour scale” to respond to the surge in demand from the electric vehicles segment.
The high cost of battery manufacturing through battery binders is a key factor restraining its market growth and promoting manufacturer to invest in low cost alternative technologies. For instance, in May 2020, funded by global trading company ITOCHU Corp. 24M has raised a $56.8 million Series E funding to commercialize its simple, capital-efficient, low-cost SemiSolidTM manufacturing process for grid storage and electric vehicle applications. SemiSolidTM electrodes use no binder, mixing electrolyte with active materials to form a clay-like slurry with unique attributes. As a result, the 24M process eliminates the need for a significant amount of inactive materials and capital-intensive processes like drying and electrolyte filling, thus dramatically reducing manufacturing cost. The growing development of such type of technologies that make no use of binders is a key factor that may restrain growth of the global lithium ion battery binder market.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2020
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By End-User Industry
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- BASF SE, Arkema SA, SAMSUNG SDI CO., LTD., Solvay SA, Targray Technology International Inc., TDK Corp., and so on
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Lithium Ion Battery Binders Market Report Segment
By Type
- Cathode Binder
- Anode Binder
By End-User Industry
- Consumer Electronics
- Automobile
- Aerospace & Defense
- Others
Lithium-Ion Battery Binders Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Arkema SA
- APV Engineered Coatings, Inc.
- Ashland Global Holdings, Inc.
- BASF SE
- Bayer AG
- Elf Atochem S.A.
- Fujian Blue Ocean & Black Stone Technology Co., Ltd.
- FUJIFILM Wako Pure Chemical Corp.
- Jesons Industries Ltd.
- JSR Corp.
- Kureha Corp.
- Nexeon Ltd.
- RotaLab Bilimsel Cihazlar Ltd.
- SAMSUNG SDI CO., LTD.
- Solvay SA
- Targray Technology International Inc.
- TDK Corp.
- Trinseo SA
- Ube Industries Ltd.
- Zeon Corp.
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