Battery Binders Market to be Worth $6.4 Billion by 2030
Meticulous Research®—a leading global market research company, published a research report titled, ‘Battery Binders Market by Type (Anode Binder, Cathode Binder), Battery Type (Lithium-ion Batteries, Ni-Cd Batteries), Material (PVDF, CMC), Application (Electric Vehicles, Consumer Electronics), Sector, and Geography - Global Forecast to 2030'.
According to this latest publication from Meticulous Research®, the global battery binders market is projected to reach $6.4 billion by 2030, at a CAGR of 8.7% from 2023 to 2030.The growth of this market is driven by the surge in demand for multitasking battery binders and the rising adoption of electric vehicles. The technological advancements in battery binders and developing infrastructure to charge electric vehicles are expected to offer significant growth opportunities for the stakeholders in the battery binders market. The growing demand for solid-state lithium-ion batteries may restrain the market's growth. Furthermore, underdeveloped infrastructure for electric vehicles is expected to pose challenges to the growth of the battery binders market.
The global battery binders market is segmented by type (anode binder, cathode binder), battery type (lithium-ion batteries, nickel-cadmium [Ni-Cd] batteries, nickel-metal hydride [Ni-MH] batteries, sodium-sulfur [Na-S] batteries, redox flow batteries [RFB], other battery types {lead–acid [PbA] batteries, and flow batteries}), material (polyvinylidene fluoride (PVDF), carboxymethyl cellulose (CMC), polymethyl methacrylate (PMMA), styrene-butadiene copolymer (SBR), other materials [materials for functional layer, and sealant for battery applications], application (electric vehicles, consumer electronics, energy storage systems, industrial devices. other applications [medical devices, & marine devices]), sector (automotive, electronics, energy & utilities, consumer goods, aerospace, marine, medical, other sectors [telecommunications and data centers]). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on type, the global battery binders market is segmented into anode binder and cathode binder. In 2023, the anode binder segment is expected to account for the larger share of the global battery binders market. The large market share of this segment is attributed to the growing demand for anode binders for better battery performance and the presence of industry-leading anode binder manufacturers. Moreover, this segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing demand for anode binders for lithium-ion batteries due to its significant demand in consumer electronics, electric vehicles, and energy storage systems applications.
Based on battery type, the global battery binders market is segmented into lithium-ion batteries, nickel-cadmium (Ni-Cd) batteries, nickel-metal hydride (Ni-MH) batteries, sodium-sulfur (Na-S) Batteries, redox flow batteries (RFB), and other battery types. In 2023, the lithium-ion batteries segment is expected to account for the largest share of the global battery binders market. The large market share of this segment is attributed to the increasing need for battery binders to hold the active material particles together in lithium-ion batteries and the rising demand for binders for battery cell construction and delivering a range of benefits, from safety enhancements and energy density to capacity. Moreover, this segment is projected to register the highest CAGR during the forecast period.
Based on material, the global battery binders market is segmented into polyvinylidene fluoride, carboxymethyl cellulose, polymethyl methacrylate, styrene-butadiene copolymer, and other materials. In 2023, the polyvinylidene fluoride segment is expected to account for the largest share of the global battery binders market. The large market share of this segment is attributed to the growing demand for PVDF for the development of lithium-ion batteries, efforts by companies for the development of high-performance PVDF resins and flexible copolymers, and the rising demand for electrodes for use in lithium-ion and lithium-metal polymer batteries and as a separator coating. PVDF plays an important role in powering batteries, particularly lithium-ion batteries, due to its high thermal and electrochemical stability and excellent adhesion between electrode films and collectors.
Download Sample Report Here @
https://www.meticulousresearch.com/download-sample-report/cp_id=5543 Battery Binders Market to be Worth $6.4 Billion by 2030
Meticulous Research®—a leading global market research company, published a research report titled, ‘Battery Binders Market by Type (Anode Binder, Cathode Binder), Battery Type (Lithium-ion Batteries, Ni-Cd Batteries), Material (PVDF, CMC), Application (Electric Vehicles, Consumer Electronics), Sector, and Geography - Global Forecast to 2030'.
According to this latest publication from Meticulous Research®, the global battery binders market is projected to reach $6.4 billion by 2030, at a CAGR of 8.7% from 2023 to 2030.The growth of this market is driven by the surge in demand for multitasking battery binders and the rising adoption of electric vehicles. The technological advancements in battery binders and developing infrastructure to charge electric vehicles are expected to offer significant growth opportunities for the stakeholders in the battery binders market. The growing demand for solid-state lithium-ion batteries may restrain the market's growth. Furthermore, underdeveloped infrastructure for electric vehicles is expected to pose challenges to the growth of the battery binders market.
The global battery binders market is segmented by type (anode binder, cathode binder), battery type (lithium-ion batteries, nickel-cadmium [Ni-Cd] batteries, nickel-metal hydride [Ni-MH] batteries, sodium-sulfur [Na-S] batteries, redox flow batteries [RFB], other battery types {lead–acid [PbA] batteries, and flow batteries}), material (polyvinylidene fluoride (PVDF), carboxymethyl cellulose (CMC), polymethyl methacrylate (PMMA), styrene-butadiene copolymer (SBR), other materials [materials for functional layer, and sealant for battery applications], application (electric vehicles, consumer electronics, energy storage systems, industrial devices. other applications [medical devices, & marine devices]), sector (automotive, electronics, energy & utilities, consumer goods, aerospace, marine, medical, other sectors [telecommunications and data centers]). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on type, the global battery binders market is segmented into anode binder and cathode binder. In 2023, the anode binder segment is expected to account for the larger share of the global battery binders market. The large market share of this segment is attributed to the growing demand for anode binders for better battery performance and the presence of industry-leading anode binder manufacturers. Moreover, this segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing demand for anode binders for lithium-ion batteries due to its significant demand in consumer electronics, electric vehicles, and energy storage systems applications.
Based on battery type, the global battery binders market is segmented into lithium-ion batteries, nickel-cadmium (Ni-Cd) batteries, nickel-metal hydride (Ni-MH) batteries, sodium-sulfur (Na-S) Batteries, redox flow batteries (RFB), and other battery types. In 2023, the lithium-ion batteries segment is expected to account for the largest share of the global battery binders market. The large market share of this segment is attributed to the increasing need for battery binders to hold the active material particles together in lithium-ion batteries and the rising demand for binders for battery cell construction and delivering a range of benefits, from safety enhancements and energy density to capacity. Moreover, this segment is projected to register the highest CAGR during the forecast period.
Based on material, the global battery binders market is segmented into polyvinylidene fluoride, carboxymethyl cellulose, polymethyl methacrylate, styrene-butadiene copolymer, and other materials. In 2023, the polyvinylidene fluoride segment is expected to account for the largest share of the global battery binders market. The large market share of this segment is attributed to the growing demand for PVDF for the development of lithium-ion batteries, efforts by companies for the development of high-performance PVDF resins and flexible copolymers, and the rising demand for electrodes for use in lithium-ion and lithium-metal polymer batteries and as a separator coating. PVDF plays an important role in powering batteries, particularly lithium-ion batteries, due to its high thermal and electrochemical stability and excellent adhesion between electrode films and collectors.
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5543