According to the Regional Research Reports, the global lithium-ion batteries binder market size is projected to be USD 11.2 billion in 2022 to USD 22.2 billion in 2033, exhibiting a CAGR of 7.1% from 2023 to 2033.
The research provides in-depth details on the market’s present analysis and future growth expansion. The report offers a thorough analysis of the global lithium-ion batteries binder market by carefully evaluating a variety of market-relevant factors, including key drivers, growth inhibitors, opportunities for the future, regional market conditions, recent advancements, the regulatory environment, and a detailed analysis of the top players and organizations dominating the industry.
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The research provides a complete analysis of the market growth drivers. The report also discusses a number of reasons and constraints that are impeding market expansion. The market study also includes an analysis of Porter’s five forces, which highlights the market’s competitiveness, the introduction of substitutes, and the bargaining power of suppliers and buyers.
Key Market Segments:
The report segments the global market into material, process, and application.
By Material (Sales, Growth Rate, USD Million, 2018-2033)
- PVDF
- Hydrophilic
- N-Methyl pyrrolidone (NMP)
- Styrene Butadiene Copolymer (SBR)
- Carboxymethyl cellulose lithium (CMC-Li)
By Process (Sales, Growth Rate, USD Million, 2018-2033)
- Solvent Based Processing
- Water based Processing
By Application (Sales, Growth Rate, USD Million, 2018-2033)
- Anodes
- Cathodes
- Separators
- Electrolytes Solvents
Regional Outlook (Sales, Growth Rate, USD Million, 2018-2033)
- North America (the United States, Canada, and Mexico)
- South America (Brazil, Argentina, and Rest of South America)
- Europe (Germany, UK, Italy, France, Spain, and Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia Pacific)
- The Middle East and Africa (GCC Countries, Egypt, Saudi Arabia, South Africa, and Rest of MEA)
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Major Key Players:
The report offers details about these companies, including the product overview, financial and yearly performance, strategic plans & developments, product line, and SWOT analysis.
- Solvey
- Targray
- BASF
- APV Engineered Coatings
- Fujifilm
- synthomer PLC
- Ashland
- ZEON CORPORATION
- XIAMEN TOB NEW ENERGY TECHNOLOGY Co., LTD.
- Daikin
- Elcan Industries
- Arkema
- Kureha
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(Note: The list of the key market players can be updated with the latest market scenario and trends)
- Types of Binders:
- Polyvinylidene Fluoride (PVDF): This is the most commonly used binder in lithium-ion batteries, particularly in the cathode. PVDF offers excellent chemical resistance, thermal stability, and good adhesion properties.
- Styrene-Butadiene Rubber (SBR): Often used in combination with carboxymethyl cellulose (CMC) for the anode, particularly with graphite. SBR provides flexibility and adhesion, while CMC acts as a thickener and dispersant.
- Carboxymethyl Cellulose (CMC): A water-soluble binder used mainly in the anode, often with SBR. CMC helps in creating a stable electrode structure and improves the slurry’s viscosity.
- Binder Content:
- The typical binder content in lithium-ion battery electrodes ranges from 2% to 5% by weight. This percentage ensures sufficient binding of the active materials without significantly affecting the overall performance of the battery.
- For the cathode, where PVDF is commonly used, the binder content is generally around 2% to 4%.
- For the anode, when using SBR and CMC, the combined binder content can be about 3% to 5%.
- Function and Importance:
- Adhesion: Binders ensure that the active material particles and conductive additives adhere to the current collector (usually aluminum for the cathode and copper for the anode).
- Mechanical Stability: Binders help maintain the structural integrity of the electrode during cycling, preventing particle detachment and electrode disintegration.
- Flexibility: Binders like SBR provide flexibility, which is particularly important for the anode material that undergoes significant volume changes during charge and discharge cycles.
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- Advancements and Alternatives:
- Researchers are exploring water-based binders and other eco-friendly alternatives to reduce the environmental impact of PVDF, which requires toxic solvents for processing.
- Alternatives like alginate, a naturally derived binder, are being studied for their potential to replace traditional binders, offering similar or even superior performance with a lower environmental footprint.
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