The Lithium-Ion Battery Binders Global Market Report 2023, provides comprehensive information on the lithium ion battery binders market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global lithium-ion battery binders’ market is expected to grow from $1.78 billion in 2022 to $2.12 billion in 2023 at a compound annual growth rate (CAGR) of 19%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The lithium-ion battery binders’ market is expected to reach $4.01 billion in 2027 at a CAGR of 17.3%.
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Product innovation is the key trend gaining popularity in the lithium-ion battery binder market. Major companies operating in the lithium-ion battery binder market are focused on developing innovative products and solutions to sustain their position in the market. For instance, in June 2021, Arkema SA, a France-based specialty materials manufacturer, launched Kynar PVDF (Polyvinylidene fluoride) for lithium-ion batteries. These unique grades are produced using only renewable carbon from bio-feedstocks such as crude oil. The company can lower the climate change impact of the Kynar PVDF binder by around 20% (expressed in kg eq. CO2/kg, according to the ISO 14040 standard) and reduce reliance on upstream crude oil use by applying patent-pending technology. PVDF is an important component in lithium-ion batteries because it helps to bind active components together and prevent clumping. Furthermore, the advantages of renewable PVDF can assist minimize the carbon footprint of these batteries while boosting their performance and safety.
The lithium ion battery binders market is segmented:
1) By Type: Anode Binders, Cathode Binders
2) By Battery Chemistry: Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt, Lithium Titanate Oxide, Other Battery Chemistries
3) By Material: Polyvinylidene Fluoride, Carboxymethyl Cellulose, Polymethyl Methacrylate, Styrene Butadiene Copolymer, Other Materials
4) By Application: Automotive, Consumer Electronics, Industrial, Energy Storage, Other Applications
Asia-Pacific was the largest region in the lithium ion battery binders market in 2022.
The table of contents in TBRC’s lithium ion battery binders market report includes:
1. Executive Summary
2. Lithium-ion Battery Binders Market Characteristics
3. Lithium-ion Battery Binders Market Trends And Strategies
4. Lithium-ion Battery Binders Market – Macro Economic Scenario
5. Global Lithium-ion Battery Binders Market Size and Growth
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32. Global Lithium-ion Battery Binders Market Competitive Benchmarking
33. Global Lithium-ion Battery Binders Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lithium-ion Battery Binders Market
35. Lithium-ion Battery Binders Market Future Outlook and Potential Analysis
36. Appendix
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