Lithium-ion
Battery Binders Market worth $3.7 billion by 2027

The report "Lithium-ion
Battery Binders Market
by Type (Anode and Cathode), Material (PVDF, CMC, PMMA, SBR), Battery
Chemistry, End Use (Automotive, Consumer Electronics, Energy Storage,
Industrial), and Region - Global Forecast to 2027", is projected to grow from USD 1.6 billion
in 2022 to USD 3.7 billion by 2027, at a CAGR of 18.7% from 2022 to 2027.
Growing demand of various applications such as automotive, consumer electronics
and industrial is expected to drive the global lithium-ion battery binders
market.

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Browse in-depth TOC on "Lithium-ion Battery Binders Market"

178 - Tables

59 - Figures

205 – Pages

The lithium iron phosphate segment, by battery chemistry
is estimated is estimated to grow at the highest rate in 2021.

By battery chemistry, the lithium iron phosphate segment
is estimated is expected to grow at the highest CAGR during the forecast period
in 2021. Lithium iron phosphate batteries suitable for use in high-power
applications such as electric vehicles and power tools due to their high charge
and discharge rates. These batteries have longer life spans, require lower
maintenance, and are cost-effective and lightweight. These batteries have high
use for end users in automotive and power generation, among other industries.

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The polyvinylidene fluoride segment is estimated to
account for the largest share of the lithium-ion battery binders market by
material in 2021.

By material, the polyvinylidene fluoride segment
accounted for the largest share of the lithium-ion battery binders market in
2021. It is a specialty plastic material in the fluoropolymer family widely
used in applications such as chemical processing, construction, oil & gas.
PVDF is widely used in lithium-ion batteries as a binder due to its high level
of electrochemical and thermal stability and its excellent adhesion between
electrode films and collectors.

The industrial segment is estimated to account for the
largest share of the lithium-ion battery binders market by end-use in 2021.

By end-use, the industrial segment accounted for the
largest share of the lithium-ion battery binders market in 2021. Lithium-ion
batteries are used as the power source in off-the-road vehicles such as golf
carts, data centers, forklift trucks, mining vehicles, and construction and
industrial equipment. There is a continuous requirement for power supply for
telecom data centers. Over the past few years, there has been a significant
increase in the number of data centers, leading to an increase in demand for
power. Thus, companies are shifting toward lithium-ion batteries as a power
source for data centers. This is expected to drive the market for industrial
segment during the forecast period.

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Europe is estimated to account for the second largest
share of the global lithium-ion battery binders market in 2021

The Europe region accounted for the second largest share
of the lithium-ion battery binders market in 2021.  European region is hub to various growing
manufacturing industries such as automotive, consumer electronics and others.
Lithium-ion batteries are widely used in these industries and its growth helps
to contribute the larger demand for lithium-ion battery binders in the region.

Arkema (US), Solvay (Belgium), LG Chem (South Korea),
ENEOS Corporation (Japan), and Zeon Corporation (Japan) are some of the leading
players operating in the lithium-ion battery binders market. These players have
adopted the strategies of expansions, new product development, partnership, and
joint ventures to enhance their position in the market are some of the leading
players operating in the lithium-ion battery binders market.

For More Insights on Lithium-ion Battery Binders Market -
https://www.globenewswire.com/news-release/2023/04/03/2639185/0/en/Lithium-ion-Battery-Binders-Market-worth-3-7-billion-by-2027-Globally-at-a-CAGR-of-18-7-says-MarketsandMarkets.html

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