Lithium-ion battery binders market to be worth $3.7 billion

The global lithium-ion battery binders market is projected to grow from $1.6 billion in 2022 to $3.7 billion by 2027

With industries such as consumer electrics, the industrial markets, and EV all relying heavily on lithium-ion battery binders, demand is, unsurprisingly, set to surge in the coming years. This is projected to grow from $1.6 billion in 2022 to $3.7 billion by 2027, at a CAGR of 18.7% from 2022 to 2027, as per a recent study by MarketsandMarkets.

The types of lithium-ion battery binders are categorised as anode lithium-ion battery binders and cathode lithium-ion battery binders. By value, the anode lithium-ion battery binders are anticipated to have the largest segment during the forecast period.

While anode binders only account for a small percentage of the overall weight of a lithium-ion battery, they are crucial to battery cell construction and offer various advantages such as enhancing safety and increasing energy density to capacity. Consequently, this is expected to drive the market share of this segment further.

Lithium-ion battery binders are classified based on material into polyvinylidene fluoride, carboxymethyl cellulose, polymethyl methacrylate, polytetrafluoroethylene, styrene-butadiene copolymer, and others. During the forecast period, the polyvinylidene fluoride material is projected to have the largest segment. Polyvinylidene fluoride or polyvinylidene difluoride (PVDF) is a highly pure and non-reactive thermoplastic fluoropolymer produced through the polymerisation of vinylidene difluoride. It is a semi-crystalline polymer with a high melting temperature and crystallinity, making it widely used in the manufacturing of lithium-ion battery binders. As a result, the extensive use of polyvinylidene fluoride as a battery binder is expected to propel the segment's market.


Featured Articles

The Battle for Control of Rare Earth Minerals Supply Chain

As Australia dilutes China's control of rare earth minerals mines, we look at the struggle for control of the 'magnet minerals' driving clean energy tech

Critical Minerals Driving China's Growing Africa Investments

China's investment in African growing fast as it invests in infrastructure around minerals essential to the global energy transition, especially lithium

Canadian Gold & Uranium Head Top-Ranked Mines

Mining Journal Intelligence 2024 mines report shows gold, uranium, copper & lithium dominating in wake of clean energy drive

Gold Nanoparticle Breakthrough a Sustainability Fillip


South Africa Mining Sector Holds Breath on Nationalisation

Supply Chain & Operations

Worley: The Mining Professional Services Giant

Supply Chain & Operations