Published Year: 2023
Binders in Battery Market - A Global and Regional Analysis: Focus on Binder Type, Process, Binder Ch
The global binders in battery market is projected to reach $6,057.1 million by 2031 from...
Market Research Report
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Table of Contents
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Focus on Water Based Battery Binders
1.1.1.2 Increasing Customer Awareness regarding Electric Vehicles
1.1.2 Supply Chain Network/MAP
1.1.3 Value Chain Analysis
1.1.4 Impact of COVID-19 on the Binders in Battery Market
1.1.5 Ecosystem/Ongoing Programs
1.1.5.1 Consortiums and Associations
1.1.5.2 Regulatory Bodies
1.1.5.3 Government Programs
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
2.1 China
2.1.1 Market
2.1.1.1 Buyer Attributes
2.1.1.2 Key Manufacturers/Suppliers in China
2.1.1.3 Business Challenges
2.1.1.4 Business Drivers
2.1.2 Application
2.1.3 Product
2.2 Asia-Pacific and Japan
2.2.1 Market
2.2.1.1 Key Manufacturers/Suppliers in Asia-Pacific and Japan
2.2.1.2 Business Challenges
2.2.1.3 Business Drivers
2.2.2 Application
2.2.3 Product
2.2.4 Asia-Pacific and Japan: Country-Level Analysis
2.2.4.1 Japan
2.2.4.1.1 Market
2.2.4.1.1.1 Buyer Attributes
2.2.4.1.1.2 Key Manufacturers/Suppliers in Japan
2.2.4.1.1.3 Business Challenges
2.2.4.1.1.4 Business Drivers
2.2.4.1.2 Application
2.2.4.1.3 Product
2.2.4.2 South Korea
2.2.4.2.1 Market
2.2.4.2.1.1 Buyer Attributes
2.2.4.2.1.2 Key Manufacturers/Suppliers in South Korea
2.2.4.2.1.3 Business Challenges
2.2.4.2.1.4 Business Drivers
2.2.4.2.2 Application
2.2.4.2.3 Product
2.2.4.3 India
2.2.4.3.1 Market
2.2.4.3.1.1 Buyer Attributes
2.2.4.3.1.2 Key Manufacturers/Suppliers in India
2.2.4.3.1.3 Business Challenges
2.2.4.3.1.4 Business Drivers
2.2.4.3.2 Application
2.2.4.3.3 Product
2.2.4.4 Rest-of-Asia-Pacific and Japan
2.2.4.4.1 Market
2.2.4.4.1.1 Buyer Attributes
2.2.4.4.1.2 Key Manufacturers/Suppliers in the Rest-of-Asia-Pacific and Japan
2.2.4.4.1.3 Business Challenges
2.2.4.4.1.4 Business Drivers
2.2.4.4.2 Application
2.2.4.4.3 Product
3.1 Competitive Benchmarking
3.1.1 Competitive Position Matrix
3.1.2 Product Matrix for Key Companies
3.1.3 Market Share Analysis
3.2 Company Profiles
3.2.1 KUREHA CORPORATION
3.2.1.1 Company Overview
3.2.1.1.1 Role of KUREHA CORPORATION in the Binders in Battery Market
3.2.1.1.2 Product Portfolio
3.2.1.1.3 Business Strategies
3.2.1.1.3.1 Market Development
3.2.1.1.4 R&D Analysis
3.2.1.1.5 Analyst View
3.2.2 Resonac Holdings Corporation
3.2.2.1 Company Overview
3.2.2.1.1 Role of Resonac Holdings Corporation in the Binders in Battery Market
3.2.2.1.2 Product Portfolio
3.2.2.1.3 Business Strategies
3.2.2.1.3.1 Product Development
3.2.2.1.4 Corporate Strategies
3.2.2.1.4.1 Partnerships, Collaborations, and Joint Ventures
3.2.2.1.5 R&D Analysis
3.2.2.1.6 Analyst View
3.2.3 DAIKIN INDUSTRIES, Ltd.
3.2.3.1 Company Overview
3.2.3.1.1 Role of DAIKIN INDUSTRIES, Ltd. in the Binders in Battery Market
3.2.3.1.2 Product Portfolio
3.2.3.1.3 R&D Analysis
3.2.3.1.4 Analyst View
3.2.4 ZEON CORPORATION
3.2.4.1 Company Overview
3.2.4.1.1 Role of ZEON CORPORATION in the Binders in Battery Market
3.2.4.1.2 Product Portfolio
3.2.4.1.3 R&D Analysis
3.2.4.1.4 Analyst View
3.2.5 FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY CO., LTD.
3.2.5.1 Company Overview
3.2.5.1.1 Role of FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY CO., LTD. in the Binders in Battery Market
3.2.5.1.2 Product Portfolio
3.2.5.1.3 Business Strategies
3.2.5.1.3.1 Product Development
3.2.5.1.4 Analyst View
3.2.6 I.S.T Corporation
3.2.6.1 Company Overview
3.2.6.1.1 Role of I.S.T Corporation in the Binders in Battery Market
3.2.6.1.2 Product Portfolio
3.2.6.1.3 Analyst View
3.2.7 Sicona Battery Technologies
3.2.7.1 Company Overview
3.2.7.1.1 Role of Sicona Battery Technologies in the Binder in Battery Market
3.2.7.1.2 Product Portfolio
3.2.7.1.3 Business Strategies
3.2.7.1.3.1 Market Development
3.2.7.1.4 Corporate Strategies
3.2.7.1.4.1 Partnerships, Collaborations, and Joint Ventures
3.2.7.1.5 Analyst View
4.1 Primary Data Sources
4.2 Secondary Data Sources
4.3 Top-Down and Bottom-Up Approach
4.4 Assumptions and Limitations
Figure 1: Binders in Battery Market Snapshot, $Million, 2021, 2022, and 2031
Figure 2: Binders in Battery Market (by End-Use Industry), $Million, 2021 and 2031
Figure 3: Binders in Battery Market (by Battery Type), $Million, 2021 and 2031
Figure 4: Binders in Battery Market (by Binder Chemistry), $Million, 2021 and 2031
Figure 5: Binders in Battery Market (by Process), $Million, 2021 and 2031
Figure 6: Binders in Battery Market (by Region), $Million, 2021 and 2031
Figure 7: Supply Chain Analysis for Binders in Battery Market
Figure 8: Increasing Adoption of Electric Vehicle (EV), Million Units, 2020, 2025, and 2030
Figure 9: Renewable Electricity Generation (by Technology), 2016-2025
Figure 10: Consumer Electronics with Integration of Internet of Things (IoT) and Artificial Intelligence (AI)
Figure 11: Share of Key Market Strategies and Developments, January 2019-March 2023
Figure 12: Share of Market Development (by Company), January 2019-March 2023
Figure 13: Partnerships, Collaborations, and Joint Ventures, January 2019-March 2023
Figure 14: Battery Manufacturing Equipment Market Snapshot, $Million, 2021, 2022, and 2031
Figure 15: KUREHA CORPORATION: R&D Expenditure, $Million, 2019-2021
Figure 16: Resonac Holdings Corporation: R&D Expenditure, $Million, 2019-2021
Figure 17: DAIKIN INDUSTRIES, Ltd.: R&D Expenditure, $Million, 2019-2021
Figure 18: ZEON CORPORATION: R&D Expenditure, $Million, 2019-2021
Figure 19: Research Methodology
Figure 20: Top-Down and Bottom-Up Approach
Figure 21: Influencing Factors of the Binders in Battery Market
Figure 22: Assumptions and Limitations
Table 1: List of Consortiums and Associations
Table 2: List of Regulatory Bodies
Table 3: List of Government Programs
Table 4: List of Advance Multifunctional Binders
Table 5: Key Differentiating Pointers for Binder-Free Batteries and Binder-Based Batteries
Table 6: List of Key Product Developments, January 2019-March 2023
Table 7: List of Key Market Developments, January 2019-March 2023
Table 8: List of Key Partnerships, Collaborations, and Joint Ventures, January 2019-March 2023
Table 9: Binders in Battery Market (by Region), $Million, 2021-2031
Table 10: Binders in Battery Market (by Region), Tons, 2021-2031
Table 11: China Binders in Battery Market (by End-Use Industry), Tons, 2021-2031
Table 12: China Binders in Battery Market (by End-Use Industry), $Million, 2021-2031
Table 13: China Binders in Battery Market (by Battery Type), Tons, 2021-2031
Table 14: China Binders in Battery Market (by Battery Type), $Million, 2021-2031
Table 15: China Binders in Battery Market (by Process), Tons, 2021-2031
Table 16: China Binders in Battery Market (by Process), $Million, 2021-2031
Table 17: China Binders in Battery Market (by Binder Chemistry), Tons, 2021-2031
Table 18: China Binders in Battery Market (by Binder Chemistry), $Million, 2021-2031
Table 19: Asia-Pacific and Japan Binders in Battery Market (by End-Use Industry), Tons, 2021-2031
Table 20: Asia-Pacific and Japan Binders in Battery Market (by End-Use Industry), $Million, 2021-2031
Table 21: Asia-Pacific and Japan Binders in Battery Market (by Battery Type), Tons, 2021-2031
Table 22: Asia-Pacific and Japan Binders in Battery Market (by Battery Type), $Million, 2021-2031
Table 23: Asia-Pacific and Japan Binders in Battery Market (by Process), Tons, 2021-2031
Table 24: Asia-Pacific and Japan Binders in Battery Market (by Process), $Million, 2021-2031
Table 25: Asia-Pacific and Japan Binders in Battery Market (by Binder Chemistry), Tons, 2021-2031
Table 26: Asia-Pacific and Japan Binders in Battery Market (by Binder Chemistry), $Million, 2021-2031
Table 27: Japan Binders in Battery Market (by End-Use Industry), Tons, 2021-2031
Table 28: Japan Binders in Battery Market (by End-Use Industry), $Million, 2021-2031
Table 29: Japan Binders in Battery Market (by Battery Type), Tons, 2021-2031
Table 30: Japan Binders in Battery Market (by Battery Type), $Million, 2021-2031
Table 31: Japan Binders in Battery Market (by Process), Tons, 2021-2031
Table 32: Japan Binders in Battery Market (by Process), $Million, 2021-2031
Table 33: Japan Binders in Battery Market (by Binder Chemistry), Tons, 2021-2031
Table 34: Japan Binders in Battery Market (by Binder Chemistry), $Million, 2021-2031
Table 35: South Korea Binders in Battery Market (by End-Use Industry), Tons, 2021-2031
Table 36: South Korea Binders in Battery Market (by End-Use Industry), $Million, 2021-2031
Table 37: South Korea Binders in Battery Market (by Battery Type), Tons, 2021-2031
Table 38: South Korea Binders in Battery Market (by Battery Type), $Million, 2021-2031
Table 39: South Korea Binders in Battery Market (by Process), Tons, 2021-2031
Table 40: South Korea Binders in Battery Market (by Process), $Million, 2021-2031
Table 41: South Korea Binders in Battery Market (by Binder Chemistry), Tons, 2021-2031
Table 42: South Korea Binders in Battery Market (by Binder Chemistry), $Million, 2021-2031
Table 43: India Binders in Battery Market (by End-Use Industry), Tons, 2021-2031
Table 44: India Binders in Battery Market (by End-Use Industry), $Million, 2021-2031
Table 45: India Binders in Battery Market (by Battery Type), Tons, 2021-2031
Table 46: India Binders in Battery Market (by Battery Type), $Million, 2021-2031
Table 47: India Binders in Battery Market (by Process), Tons, 2021-2031
Table 48: India Binders in Battery Market (by Process), $Million, 2021-2031
Table 49: India Binders in Battery Market (by Binder Chemistry), Tons, 2021-2031
Table 50: India Binders in Battery Market (by Binder Chemistry), $Million, 2021-2031
Table 51: Rest of Asia-Pacific and Japan Binders in Battery Market (by End-Use Industry), Tons, 2021-2031
Table 52: Rest of Asia-Pacific and Japan Binders in Battery Market (by End-Use Industry), $Million, 2021-2031
Table 53: Rest of Asia-Pacific and Japan Binders in Battery Market (by Battery Type), Tons, 2021-2031
Table 54: Rest of Asia-Pacific and Japan Binders in Battery Market (by Battery Type), $Million, 2021-2031
Table 55: Rest of Asia-Pacific and Japan Binders in Battery Market (by Process), Tons, 2021-2031
Table 56: Rest of Asia-Pacific and Japan Binders in Battery Market (by Process), $Million, 2021-2031
Table 57: Rest of Asia-Pacific and Japan Binders in Battery Market (by Binder Chemistry), Tons, 2021-2031
Table 58: Rest of Asia-Pacific and Japan Binders in Battery Market (by Binder Chemistry), $Million, 2021-2031
Table 59: KUREHA CORPORATION: Product Portfolio
Table 60: Resonac Holdings Corporation: Product Portfolio
Table 61: DAIKIN INDUSTRIES, Ltd.: Product Portfolio
Table 62: ZEON CORPORATION: Product Portfolio
Table 63: FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY CO., LTD.: Product Portfolio
Table 64: I.S.T Corporation: Product Portfolio
Table 65: Sicona Battery Technologies: Product Portfolio
Asia-Pacific Binders in Battery Market Report Coverage
|
Asia-Pacific Binders in Battery Market |
|||
|
Base Year |
2021 |
Market Size in 2022 |
$485.4 Million |
|
Forecast Period |
2022-2031 |
Value Projection and Estimation by 2031 |
$1,550.6 Million |
|
CAGR During Forecast Period |
13.78% |
|
|
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.
Some of the prominent companies in this market are:
• KUREHA CORPORATION
• DAIKIN INDUSTRIES, Ltd.
• Resonac Holdings Corporation
• ZEON CORPORATION
• FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY CO., LTD.
• I.S.T Corporation
• Sicona Battery Technologies
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader to understand the different types of binders available for batteries and their potential. Moreover, the study provides the reader with a detailed understanding of the different binder chemistry, namely, polyvinylidene fluoride, styrene-butadiene rubber, carboxymethyl cellulose, polytetrafluoroethylene, and others.
Growth/Marketing Strategy: Business expansion, partnership, collaboration, and joint venture are some key strategies adopted by key players operating in the space.
Competitive Strategy: Key players in the APAC binders in battery market analyzed and profiled in the study involve binder providers. Moreover, a detailed competitive benchmarking of the players operating in the APAC binders in battery market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Introduction to Asia-Pacific Binders in Battery Market
The Asia-Pacific binders in battery market (excluding China) is projected to reach $1,550.6 million by 2031 from $485.4 million in 2022, growing at a CAGR of 13.78% during the forecast period 2022-2031. The growth in the binders in battery market is anticipated to be propelled by the rising sales of electric vehicles and increased investments in battery installations within the renewable energy sector. Despite these positive drivers, impediments to market growth include challenges associated with the development of binder-free electrodes and the ongoing pressure to uphold quality standards.
Market Introduction
The APAC Binders in Battery Market is set for substantial growth, driven by the increasing demand for electric vehicles (EVs) and significant investments in renewable energy storage systems. With a rise in EV sales and a focus on sustainable energy solutions, the market for battery binders is expected to experience strong expansion in the Asia-Pacific region. Binders play a pivotal role in enhancing the performance and lifespan of batteries, making them a crucial element in the evolving landscape of electric mobility and renewable energy initiatives. Nevertheless, challenges like developing binder-free electrodes and the continuous need to uphold high-quality standards may present obstacles to market growth. As APAC remains at the forefront of adopting green technologies, the Binders in Battery Market is poised for notable advancement to meet the growing demand for energy storage solutions.
Market Segmentation
Segmentation 1: by End-Use Industry
• Automotive and Transportation
• Energy and Power
• Consumer Electronics
• Others
Segmentation 2: by Process
• Solvent Based
• Water Based
Segmentation 3: by Binder Chemistry
• Styrene Butadiene Rubber (SBR)
• Polyvinylidene Fluoride (PVDF)
• Carboxymethyl Cellulose (CMC)
• Polytetrafluoroethylene (PTFE)
• Others
Segmentation 4: by Battery Type
• Lithium-ion
• Nickel Metal Hydride
• Lead Acid
• Others
Segmentation 5: by Region
• Asia-Pacific and Japan - Japan, South Korea, India, and Rest-of-Asia-Pacific and Japan
Asia-Pacific Binders in Battery Market
Analysis and Forecast, 2022-2031
Some Faq's
Frequently Asked Questions
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.
Battery binders are substances employed to secure the various components within a battery cell, such as the electrodes, separator, and electrolyte. They serve to offer structural stability and mechanical support to the cell. Typically, these binders consist of polymers added to the electrode mixture and coated onto a current collector. During assembly, the binder ensures that the electrode remains securely in position, preventing detachment or displacement during battery operation.
Key trends in the binders in the battery market encompass the development of eco-friendly water-based binders, driven by a growing emphasis on sustainability. Additionally, there's an increased demand for high-performance binders in lithium-ion batteries, prompting ongoing research and development to enhance binder properties, leading to improved battery performance, safety, and durability.
Two of the most common binder chemistry types in batteries are Polyvinylidene Fluoride (PVDF) and Carboxymethyl Cellulose (CMC). PVDF is favored for its strong adhesion and chemical resistance in lithium-ion batteries. CMC, however, is commonly used in aqueous-based battery systems due to its excellent water solubility and flexibility-enhancing properties.
The report is suitable for binders and battery manufacturing companies.
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