Based on type, lithium-ion battery binders are segmented into anode lithium-ion battery binders and cathode lithium-ion battery binders. Lithium-ion batteries have anode that has binders for better performance of the battery.
Overtake your competition with ease. Lithium-ion Battery Binders Market is projected to reach USD 3.7 billion by 2027. Report provides crucial industry insights that will help your business grow.
The global lithium-ion battery binders market is expected to reach the value of US$ 10.15 Bn by the end of 2031 “Since lithium and cobalt serve key functions in battery cathodes and electrolytes, the outlook of lithium-ion battery binders market looks promising post the COVID-19 outbreak.
The global Battery Binder Market size is expected to reach USD 7.52 Billion in 2032 registering a CAGR of 7.9% Discover the latest trends and analysis on the Battery Binder Market. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportunities, and more.
Thus, growth in demand for electric vehicles will enhance the market for lithium-ion battery binders. Asia Pacific accounted for the largest share in terms of value, in 2021. There is a significant growth in demand for consumer electronics such as phones, tablets, and laptops along with a surge in demand for electric vehicles.
Companies in the lithium-ion battery binders market are increasing the production of polyamide-imide resin, which exhibits excellent coating film strength. These binders help to keep the adhesion even during the expansion/contraction of the active materials, thus improving the cycling performance of lithium-ion batteries.