Latest News - Binder Market For Lithium-Ion Batteries: Cathode binders expected to lead the Type segment during 2024-2028

The Binder Market For Lithium-Ion Batteries is being driven by Shift of automotive industry toward EV

The Binder Market For Lithium-Ion Batteries is expected to grow at a CAGR of 34.28% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7311.7 million. In the realm of energy storage solutions, these systems play a pivotal role in storing electrical energy for subsequent utilization during periods of peak demand. Utilities increasingly employ energy storage systems to optimize energy generation and distribution by storing excess electricity during off-peak hours and releasing it into the grid during high-demand periods. This facilitates the efficient balancing and maximization of generated energy for end-users. Among various energy storage technologies, electrochemical systems, such as lithium-ion batteries, are the most efficient for renewable energy applications due to their high energy density, long cycle life, and rapid charge/discharge capabilities. 

Get more information on Binder Market For Lithium-Ion Batteries by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Cathode binders
  • Anode binders
• Application
  • Power battery
  • Energy storage battery
  • Digital battery
  • Others
• Geography
  • APAC
    • China
    • Japan
    • South Korea
  • North America
    • US
  • Europe
    • Germany
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Shift of automotive industry toward EV
• Rising demand for smart devices
• Increased government support for EVs

However, the market also witnesses some limitations, which are as follows:

• Presence of substitutes for lithium-ion batteries
• Widening demand-supply gap of lithium
• Development of binder-free electrodes for lithium-ion batteries

Benefits of Buying Global Binder Market For Lithium-Ion Batteries Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Binder Market For Lithium-Ion Batteries Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

Title: Binder Market for Lithium-Ion Batteries: Expanding Beyond Food Industry to Coatings and Construction The binder market for lithium-ion batteries is a dynamic and growing sector, with key players like Archer Daniels Midland (ADM) leading the charge. ADM's edible bean blends, starches, vital wheat gluten, eggs, and corn syrups have been widely used as non-sweet food binders in various packaged food products. However, the application scope of these binders is expanding beyond the food industry. In the realm of meat substitutes, meat analogs, and meat products, these binders play a crucial role in providing flexibility, gloss, cohesion, and adhesion. Their use in exterior applications for weatherproof coatings and interior applications for acrylic formulations, pigment particles, and coatings in paints and architectural coatings is gaining traction. Moreover, the shift towards plant-based diets, animal welfare, and environmental sustainability is fueling the demand for meat substitutes. The flexibility of these binders in meeting the diverse requirements of the meat substitute sector and other industries makes them an attractive choice for manufacturers. As the binder market for lithium-ion batteries continues to evolve, it is essential to keep an eye on emerging trends and applications. The potential for these binders in the coatings and construction industries is vast, and companies like ADM are well-positioned to capitalize on this trend.

Market Research Overview

According to Technavio, the global binder market for lithium-ion batteries is a significant segment of the expansive specialty chemicals industry. The specialty chemicals market encompasses businesses producing high-value-added organic and inorganic chemicals. This market includes manufacturers of fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. Technavio determines the size of the global specialty chemicals market by aggregating the revenues of organizations engaged in the production of organic and inorganic chemicals and their respective sub-categories. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/