Dublin, May 11, 2023 (GLOBE NEWSWIRE) -- The "Binders in Battery Market - A Global and Regional Analysis: Focus on Binder Type, Process, Binder Chemistry, Battery Type, End-Use Industry and Region - Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.

The global binders in battery market is projected to reach $6,057.1 million by 2031 from $2,265.9 million in 2022, growing at a CAGR of 11.54% during the forecast period 2022-2031.

The growth in the binders in battery market is expected to be driven by an increase in sales of electric vehicles and growing investment toward the installation of batteries in the renewable energy sector.

However, the development of binder-free electrodes and pressure to maintain quality are some of the factors hindering the growth of the market.

Market Lifecycle Stage

The global binders in battery market are in a growing phase. New trends, such as the focus on the development of water-based binders, are expected to offer opportunities in the coming years.

Industrial Impact

With an increased worldwide focus on reducing carbon emissions, the shift toward the adoption of electric vehicles has brought a surge in demand for batteries, thereby creating demand for battery binders. The shift is more prominent in regions such as North America and Europe.

Recent Developments in Global Binders in Battery Market

Demand - Drivers and Limitations

The following are the demand drivers for the global binders in battery market:

The market is expected to face some limitations too due to the following challenges:

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

Key Companies Profiled

Key Attributes:

Report AttributeDetails
No. of Pages224
Forecast Period2022 - 2031
Estimated Market Value (USD) in 2022$2265.9 Million
Forecasted Market Value (USD) by 2031$6057.1 Million
Compound Annual Growth Rate11.5%
Regions CoveredGlobal

Key Topics Covered:

1 Markets
1.1 Industry Outlook
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Demand for Electric Vehicles
1.2.1.2 Growing Investments and Installations in Renewable Energy Sector
1.2.1.3 Improved Battery Performance due to Advance Multifunctional Binders
1.2.2 Business Challenges
1.2.2.1 Highly Competitive Market Creating Constant Pressure to Maintain High Performance and Quality of Binders at Competitive Price
1.2.2.2 Development of Binder Free Electrode Technologies for Advance Batteries
1.2.3 Business Opportunities
1.2.3.1 Integration of Internet of Things (IoT) and Artificial Intelligence (AI) Technologies in Consumer Electronics
1.2.3.2 Increasing Awareness about Bio-Based Products
1.2.4 Business Strategies
1.2.4.1 Product Development
1.2.4.2 Market Development
1.2.5 Corporate Strategies
1.2.5.1 Partnerships, Collaborations, and Joint Ventures
1.3 Snapshots of Battery Manufacturing Equipment's Market
1.4 Start-Up Landscape

2 Application
2.1 Binders in Battery Market - Battery Type and Specification
2.1.1 Lithium-ion
2.1.2 Nickel Metal Hydride
2.1.3 Lead Acid
2.1.4 Others
2.2 Demand Analysis of Binders in Battery Market (by Battery Type), Value and Volume 2021-2031
2.3 Binders in Battery Market - End-Use Industry and Specification
2.3.1 Automotive and Transportation
2.3.2 Energy and Power
2.3.3 Consumer Electronics
2.3.4 Others
2.4 Demand Analysis of Binders in Battery Market (by End-Use Industry),Value and Volume, 2021-2031

3 Products
3.1 Comparative Analysis of Different Battery Binders
3.2 Binders in Battery Market - Binder Type and Specification
3.2.1 Anode Binder
3.2.2 Cathode Binder
3.3 Demand Analysis of Binders in Battery Market (by Binder Type), Value and Volume, 2021-2031
3.4 Binders in Battery Market - Binder Chemistry and Specification
3.4.1 Polyvinylidene Fluoride (PVDF)
3.4.2 Styrene Butadiene Rubber (SBR)
3.4.3 Carboxymethyl Cellulose (CMC)
3.4.4 Polytetrafluoroethylene (PTFE)
3.4.5 Others
3.5 Demand Analysis of Binders in Battery Market (by Binder Chemistry), Value and Volume, 2021-2031
3.6 Binders in Battery Market - Process and Specification
3.6.1 Solvent Based
3.6.2 Water Based
3.7 Demand Analysis of Binders in Battery Market (by Process), Value and Volume, 2021-2031
3.8 Product Benchmarking: Growth Rate - Market Share Matrix (by Binder Chemistry)
3.9 Patent Analysis
3.1 Global Pricing Analysis

4 Region

5 Markets - Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.1.1 Competitive Position Matrix
5.1.2 Product Matrix for Key Companies
5.1.3 Market Share Analysis
5.2 Company Profiles

6 Research Methodology

For more information about this report visit https://www.researchandmarkets.com/r/xvgj5y

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