North American lithium ion battery binder market is predicted to grow considerably at a CAGR of 12.5 % during the forecast period (2021-2027). The growing presence of major manufacturers of batteries across the region is a key factor driving the growth of lithium ion battery binder market in North America. The increasing demand for lithium ion battery from several end-user industries such consumer electronics, Aerospace & defense, and automobile among others is promoting battery manufacturers to establish their battery production plants in the US or Canada. Battery binder is a key element of lithium ion battery; high production of batteries will result in high demand for battery binders, therefore; the increase in capacity expansion activities is anticipated to drive the regional market growth.
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North American lithium ion battery binder market is segmented based on the 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 North American 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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North American Lithium Ion Battery Binder 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.)
