Binder Market for Lithium-Ion Batteries to garner USD 1.45 Billion with almost 24% CAGR during 2021-2025: Technavio

News provided by

Mar 25, 2021, 06:10 ET

NEW YORK, March 25, 2021 /PRNewswire/ -- The binder market for lithium-ion batteries is expected to post a CAGR of almost 24% during the period 2021-2025, according to the recently published market research report by Technavio. This report offers a detailed analysis of key factors responsible for the current and potential growth of the market. Furthermore, it provides extensive, value-driven data insights pertaining to the binder market for litthium-ion batteries aiding customers to make informed business decisions.

Download Sample Report

Binder market size for lithium-ion batteries has the potential to grow by USD 1.45 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 23.70%.

Prominent Takeaways from this Report

Increasing adoption of wearable technology will impact the market growth positively.
Cathode binders will account for highest binder type share in the market.
61% of the market growth will originate from APAC with China and Japan holding the largest country share.
The market is highly competitive and fragmented with vendors deploying innovative strategies to continue maintaining and expanding their customer base.
The market is anticipated to have neutral & at par impact due to the COVID-19 pandemic.

View Technavio's 120-page research report with ToC on "Binder Market for Lithium-Ion Batteries by Type (cathode binders and anode binders), Application (power battery, energy storage battery, digital battery, and others), Geography (APAC, North America, Europe, South America, and MEA) and Vendor Forecasts, 2021 - 2025"

https://www.technavio.com/report/binder-market-for-lithium-ion-batteries-market-industry-analysis

Binder Market for Lithium-Ion Batteries: Driver and Trend Analysis

Wearable technology has been gaining popularity among sports enthusiasts and athletes as it helps in improving their performance. This has further resulted in various wearable device manufacturers to carry on consistent R&D efforts for introducing innovative lighter products such as flat lithium-ion cell micro-batteries. Furthermore, the rising need for reliable batteries for providing precise and continuous records of vital information is further likely to offer immense growth opportunities to the binder market for lithium-ion batteries.

The advent of modern technologies including IoT and cloud-based storage has surged the adoption of consumer electronic products. In addition, factors such as economic growth, increased literacy rate, and the purchasing power of consumers have further accelerated the sales of smart devices and consumer electronics. With rising sales of these products, the demand for raw materials such as lithium-ion batteries will also experience a spike in the coming years. This, in turn, is likely to drive the binder market growth for these batteries during the forecast period.

Download PDF about drivers, restraints, and opportunities for Binder Market for Lithium-Ion Batteries,

Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR70323

Binder Market for Lithium-Ion Batteries: Segmentation Analysis

This market research report fragments the global binder market for lithium-ion batteries by type (cathode binders and anode binders), application (power battery, energy storage battery, digital battery, and others), geography (APAC, North America, Europe, South America, and MEA).

The cathode binders type segment held the largest market share in 2020. Cathode binders dry rapidly and aid in increasing production volume. In addition, their cost-effectiveness and minimal environmental impact makes them a viable choice for end-users. These advantages are mainly responsible for this segment to continue holding the largest share during the forecast period.

In terms of geographical analysis, 61% of the market's growth will originate from APAC during the forecast period. The elevating electric vehicle(EV) sales and rising R&D initiatives in the manufacturing industry in China and Japan are key factors responsible for the highest incremental growth in the region.

Binder Market for Lithium-Ion Batteries: Vendor Analysis

The binder market for lithium-ion batteries is highly competitive and fragmented. Several players in the market striving to provide superior products by differentiating them either based on quality or service. Vendors are deploying various organic and inorganic growth strategies to survive market competition. This report classifies key market players as dominant, pure-play and industry-focused players to offer effective investment opportunities and allow clients to make informed decisions. Prominent binder market players for lithium-ion batteries include:

APV Engineered Coatings Inc.
Arkema SA
Ashland Global Holdings Inc.
BASF SE
DuPont de Nemours Inc.
JSR Corp.
Kureha Corp.
Solvay SA
Targray Technology International Inc.
Zeon Corp.

For customized and tailor-made specifications to be done for this report, Speak to our Analysts

Find more research reports on Materials Industry by Technavio

Lithium-Ion Battery Separator Market by Application and Geography 2021-2025 - The lithium-ion battery separator market size will grow by USD 2.11 billion during 2021-2025, growing at a CAGR of 11.05% over the forecast period.

Download Sample for More Details

Binder Market for Lithium-Ion Battery 2021-2025: Key Highlights

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist binder market growth for lithium-ion batteries during the next five years
Estimation of the binder market size for lithium-ion batteries and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the binder market for lithium-ion batteries
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of market vendors

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Follow Us: Twitter | LinkedIn

SOURCE Technavio