The Business Research Company’s Lithium ion Battery Binders Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Lithium ion Battery Binders Global Market Report 2023 evaluates lithium ion battery binders market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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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%.
The growing adoption of electric vehicles (EVs) is expected to propel the growth of the lithium-ion battery binders market going forward. Electric vehicles (EVs) refer to vehicles that are powered by one or more electric motors using electrical energy stored in rechargeable batteries or obtained from an external source. Lithium-ion batteries are the most used type of battery in electric vehicles (EVs) due to their high energy density, reliability, and ability to provide sufficient power for driving longer distances on a single charge. These batteries have revolutionized the EV industry and have become the preferred choice for automotive manufacturers. For instance, in March 2022, according to a report published by the United States Department of Energy, a US-based government department, electric vehicle (EV) sales increased by 85% between 2020 and 2021. The number of new light-duty plug-in electric vehicle sales, which includes both electric vehicles (EV) and plug-in hybrid electric vehicles (PHEV) sales, nearly doubled from 308,000 in 2020 to 608,000 in 2021, with 73% of all plug-in electric car sales in 2021 made up of EV sales. Therefore, the growing adoption of electric vehicles (EVs) is driving the growth of the lithium-ion battery binder market.
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The lithium ion battery binders market segments in the report are:
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
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. Lithium-ion Battery Binders Market Segmentation
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26. South America Lithium-ion Battery Binders Market
27. Brazil Lithium-ion Battery Binders Market
28. Middle East Lithium-ion Battery Binders Market
29. Africa Lithium-ion Battery Binders Market
30. Lithium-ion Battery Binders Market Competitive Landscape And Company Profiles
Top Major Players:
- Mitsui Chemicals Inc
- BASF SE
- Dow
- SABIC, LG Chem
- Covestro AG, Solvay SA
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