The lithium-ion battery binders market in Asia Pacific is driven by the rising demand for lithium-ion battery binders in several end-use industries such as automotive & transportation and consumer electronics
The global lithium-ion battery binders market is likely to expand at a CAGR of 15.6 per cent during the forecast period, from 2021 to 2031. The market. as per Transparency market Research, is anticipated to surpass the valuation of US$ 10.15 Bn by 2031.
“The rise in demand for consumer electronics globally has resulted in substantial rise in the use of lithium-ion battery binders, which is expected to boost its global sales during the projection period. The demand from automotive and transportation industry is predicted to grow significantly during the forecast period. As a result, the demand for lithium-ion battery binders is expected to rise with increase in the number of electric cars on the road,” read the report.
Asia Pacific
The lithium-ion battery binders market in Asia Pacific is driven by the rising demand for lithium-ion battery binders in several end-use industries such as automotive & transportation and consumer electronics. In Asia Pacific, China is a major market for lithium-ion battery binders. In 2020, the country held a considerable share of the Asia Pacific lithium-ion battery binders market. The country is expected to continue its leading position and thus, drive the market in Asia Pacific at a CAGR of more than 16.6 per cent during the forecast period.
The global lithium-ion battery binders market is estimated to be dominated by North America. Rise in demand for lithium-ion battery binders for use in consumer electronics is expected to benefit the North America market.
The chemistries
For graphite anodes, BP copolymers have been found to be a viable replacement of PVDF (Polyvinylidene fluoride or polyvinylidene difluoride) binder. Furthermore, for graphite anodes, BP copolymers are more conductive than PVDF binder. Firms in the lithium-ion battery binders market are expected to increase the production of BP copolymers, which have superior mechanical stability and adhesion over PVDF. Producers of polyamide-imide resin, which has good coating film strength, are boosting their output to meet the growing demand in the lithium-ion battery binders market. These binders aid to maintain adhesion even when silicon-based active materials expand and contract, thereby enhancing the cycling performance of lithium-ion batteries.
Demand for polyvinylidene fluoride (PVDF) in the global lithium-ion battery binders market is driven by its usage in a variety of electronic applications, particularly as a jacketing material for different cables utilized in video and voice devices as well as alarm systems Development of large format lithium-ion batteries for transportation and utility storage is on the rise. The global market is driven by low manufacturing costs, reduction of cell packing material in batteries, and optimization of cell stack arrangement in lithium-ion batteries.
