Summary

The lithium-ion battery binders market is projected to grow from USD 1.6 billion in 2022 to USD 3.7 billion by 2027, at a CAGR of 18.7% from 2022 to 2027. The rise in demand for EVs and growing demand for consumer electronics, is driving the market.

“The lithium iron phosphate by battery chemistry is projected to grow at the highest CAGR during the forecast period, in terms of value.”
Based on battery chemistry, lithium iron phosphate is projected to grow at the highest CAGR during 2022 to 2027, by value. Lithium iron phosphate batteries (LFPs) are used in high-power devices and equipment. LFPs have long life cycles, high current ratings, good thermal stability, and enhanced safety due to better tolerance. All these characteristics of lithium iron phosphate battery is expected to enhance its usage in electric components, enhancing the market for lithium-ion battery binders.

“The industrial segment of lithium-ion battery binders market by end-use is expected to account for the largest market share during the forecast period.”
Based on end-use, industrial segment of lithium-ion battery binders market is projected to have the largest market share during the forecast period that is from 2022 to 2027, by value. Lithium-ion batteries are used in industries such as construction, aerospace, and telecommunications. The use of batteries provides a competitive edge over combustion engine equipment in terms of carbon emissions and safety in underground environments. This is expected to drive the market for this segment.

“The Asia Pacific is projected to account for the largest market share by region during the forecast period, in terms of value.”
Asia Pacific accounts for the largest market share for lithium-ion battery binders market during the forecast period. The lithium-ion battery binders market in Asia pacific is highly driven by China and South Korea. Huge investments have been done in automotive electronics industry in China which has driven the demand for lithium-ion battery, enhancing the market for lithium-ion battery binders. South Korea is also witnessing considerable growth in lithium-ion battery binders market due to its global expansion of domestic brands and government support for electric vehicles. Such factors are expected to bolster the market for lithium-ion battery binders in the region.
Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 65%, Tier 2 – 20%, and Tier 3 – 15%
• By Designation: C-level Executives – 25%, Directors – 30%, Others – 45%
• By Region: North America – 20%, Europe – 15%, Asia Pacific – 55%, South America – 7%, Middle East & Africa – 3%,

As a part of qualitative analysis, the research provides a comprehensive review of market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by varied market players, such as Arkema (US), Solvay (Belgium), LG Chem (South Korea), ENEOS Corporation (Japan), and Zeon Corporation (Japan).

Research Coverage:

The report defines the lithium-ion battery binder market based on type, material, battery chemistry, end-use, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges. It strategically profiles key players and comprehensively analyzes their market shares and core competencies as well as tracks and analyzes competitive developments, such as agreements, expansions, partnerships, contract undertaken by them in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the lithium-ion battery binders market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

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Table of Contents

1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION 28
1.2.1 INCLUSIONS AND EXCLUSIONS 29
TABLE 1 LITHIUM-ION BATTERY BINDERS MARKET: INCLUSIONS AND EXCLUSIONS 29
1.3 MARKET SCOPE 29
FIGURE 1 LITHIUM-ION BATTERY BINDERS MARKET SEGMENTATION 29
1.4 REGIONAL SCOPE 30
1.5 YEARS CONSIDERED 30
1.6 CURRENCY CONSIDERED 31
1.7 UNIT CONSIDERED 31
1.8 LIMITATIONS 31
1.9 STAKEHOLDERS 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 2 LITHIUM-ION BATTERY BINDERS MARKET: RESEARCH DESIGN 32
2.1.1 SECONDARY DATA 33
2.1.2 KEY DATA FROM SECONDARY SOURCES 33
2.1.3 PRIMARY DATA 33
2.1.3.1 Key data from primary sources 34
2.1.3.2 Participating companies for primary research 34
2.1.3.3 Breakdown of primary interviews 34
2.2 MATRIX CONSIDERED FOR DEMAND-SIDE ANALYSIS 35
FIGURE 3 MAIN MATRIX CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR LITHIUM-ION BATTERY BINDERS 35
2.3 MARKET SIZE ESTIMATION 35
2.3.1 BOTTOM-UP APPROACH 36
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 36
2.3.2 TOP-DOWN APPROACH 36
FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 36
2.4 METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM-ION BATTERY BINDERS MARKET (1/2) 37
2.5 METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM-ION BATTERY BINDERS MARKET (2/2) 38
2.5.1 CALCULATIONS FOR SUPPLY-SIDE ANALYSIS 38
2.6 DATA TRIANGULATION 39
FIGURE 6 LITHIUM-ION BATTERY BINDERS MARKET: DATA TRIANGULATION 39
2.7 IMPACT OF RECESSION 39
2.8 GROWTH FORECAST 40
2.8.1 GROWTH RATE ASSUMPTIONS 40
2.9 RESEARCH ASSUMPTIONS 40
2.10 RESEARCH LIMITATIONS 41
2.11 RISK ANALYSIS 41
3 EXECUTIVE SUMMARY 42
TABLE 2 LITHIUM-ION BATTERY BINDERS MARKET SNAPSHOT: 2022 VS. 2027 43
FIGURE 7 POLYVINYLIDENE FLUORIDE MATERIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 44
FIGURE 8 ANODE BINDERS TYPE TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 44
FIGURE 9 LITHIUM COBALT OXIDE BATTERY CHEMISTRY TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD 45
FIGURE 10 INDUSTRIAL SEGMENT TO LEAD LITHIUM-ION BATTERY BINDERS MARKET BETWEEN 2022 AND 2027 45
FIGURE 11 ASIA PACIFIC DOMINATED LITHIUM-ION BATTERY BINDERS MARKET IN 2021 46
4 PREMIUM INSIGHTS 47
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM-ION BATTERY BINDERS MARKET 47
FIGURE 12 LITHIUM-ION BATTERY BINDERS MARKET TO WITNESS SIGNIFICANT GROWTH BETWEEN 2022 AND 2027 47
4.2 ASIA PACIFIC LITHIUM-ION BATTERY BINDERS MARKET, BY TYPE AND COUNTRY, 2021 47
FIGURE 13 CHINA AND ANODE BINDERS SEGMENTS ACCOUNTED FOR LARGEST SHARES 47
4.3 LITHIUM-ION BATTERY BINDERS MARKET, BY REGION 48
FIGURE 14 ASIA PACIFIC TO BE DOMINANT MARKET DURING FORECAST PERIOD 48
4.4 LITHIUM-ION BATTERY BINDERS MARKET, BY MAJOR COUNTRIES 48
FIGURE 15 CHINA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 48
5 MARKET OVERVIEW 49
5.1 INTRODUCTION 49
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN LITHIUM-ION BATTERY BINDERS MARKET 49
5.1.1 DRIVERS 50
5.1.1.1 Growing demand in electric vehicle, consumer electronics, and utility sectors 50
FIGURE 17 GLOBAL VOLUME SALES OF BATTERY ELECTRIC VEHICLES AND PLUG-IN HYBRID ELECTRIC VEHICLES, 2018–2021 50
5.1.1.2 Increasing government initiatives to enhance sales of electric vehicles 51
5.1.2 RESTRAINTS 52
5.1.2.1 Availability of binder-free electrodes 52
5.1.3 OPPORTUNITIES 52
5.1.3.1 Advancement of battery binder technology 52
5.1.3.2 Declining prices of lithium-ion batteries enhancing adoption rate 52
FIGURE 18 LITHIUM-ION BATTERY PACK PRICE, 2013–2021 53
5.1.4 CHALLENGES 53
5.1.4.1 Underdeveloped infrastructure for electric vehicles 53
5.1.4.2 Safety related to battery use 53
5.2 PORTER'S FIVE FORCES ANALYSIS 54
FIGURE 19 PORTER'S FIVE FORCES ANALYSIS OF LITHIUM-ION BATTERY BINDERS MARKET 54
TABLE 3 IMPACT OF PORTER’S FIVE FORCES ON LITHIUM-ION BATTERY BINDERS MARKET 54
5.2.1 BARGAINING POWER OF SUPPLIERS 55
5.2.2 THREAT OF NEW ENTRANTS 55
5.2.3 THREAT OF SUBSTITUTES 55
5.2.4 BARGAINING POWER OF BUYERS 55
5.2.5 INTENSITY OF COMPETITIVE RIVALRY 55
5.3 VALUE CHAIN ANALYSIS 56
FIGURE 20 VALUE CHAIN ANALYSIS OF BATTERY BINDERS MARKET: HIGHEST VALUE ADDITION DURING MANUFACTURING PHASE 56
5.3.1 RAW MATERIALS 56
5.3.2 MANUFACTURING LITHIUM-ION BATTERY BINDERS 56
5.3.3 DISTRIBUTION TO END USERS 57
5.4 ECOSYSTEM MAPPING 57
FIGURE 21 ECOSYSTEM MAPPING OF LITHIUM-ION BATTERY BINDERS MARKET 57
TABLE 4 LITHIUM-ION BATTERY BINDERS MARKET: ROLE IN ECOSYSTEM 58
5.5 TECHNOLOGY ANALYSIS 59
5.6 TARIFF AND REGULATORY LANDSCAPE 60
5.6.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 60
TABLE 5 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 60
TABLE 6 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 60
TABLE 7 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 61
TABLE 8 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 62
5.6.2 MARKET REGULATIONS AND STANDARDS 62
TABLE 9 REGULATIONS AND STANDARDS FOR LITHIUM-ION BATTERIES 62
5.7 PATENT ANALYSIS 64
FIGURE 22 NUMBER OF GRANTED PATENTS, PATENT APPLICATIONS, AND LIMITED PATENTS 65
FIGURE 23 PUBLICATION TRENDS – LAST 10 YEARS 65
5.7.1 INSIGHTS 65
FIGURE 24 LEGAL STATUS OF PATENTS 66
FIGURE 25 TOP JURISDICTION, BY DOCUMENT 66
FIGURE 26 TOP 10 PATENT APPLICANTS 67
TABLE 10 LIST OF RECENT PATENTS BY ZEON CORP 67
TABLE 11 LIST OF RECENT PATENTS BY TOYOTA MOTOR CO LTD. 68
TABLE 12 LIST OF RECENT PATENTS BY ZHUHAI COSMX BATTERY CO LTD 68
TABLE 13 LIST OF RECENT PATENTS BY LG CHEM LTD. 69
TABLE 14 TOP 10 PATENT OWNERS IN LAST 10 YEARS 69
5.8 CASE STUDY 70
5.8.1 BASF SE’S LICITY ANODE BINDERS TO ENHANCE PERFORMANCE METRICS OF LITHIUM-ION BATTERIES 70
5.8.1.1 Problem statement 70
5.8.1.2 Solutions offered 70
5.8.1.3 Outcome 70
5.9 KEY CONFERENCES AND EVENTS (2023–2024) 70
TABLE 15 LITHIUM-ION BATTERY BINDERS MARKET: KEY CONFERENCES AND EVENTS (2023–2024) 70
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 72
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 72
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USES 72
TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USES (%) 72
5.10.2 BUYING CRITERIA 72
FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE END-USES 72
TABLE 17 KEY BUYING CRITERIA FOR TOP THREE END-USES 73
5.11 TRADE DATA 73
TABLE 18 IMPORT DATA ON LITHIUM-ION BATTERIES 73
TABLE 19 EXPORT DATA ON LITHIUM-ION BATTERIES 73
5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 74
FIGURE 29 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 74
5.13 PRICING ANALYSIS 75
FIGURE 30 AVERAGE SELLING PRICE, BY REGION 75
FIGURE 31 AVERAGE SELLING PRICE, BY MATERIAL 75
6 LITHIUM-ION BATTERY BINDERS MARKET, BY TYPE 76
6.1 INTRODUCTION 77
FIGURE 32 ANODE BINDERS SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD 77
TABLE 20 LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION) 77
TABLE 21 LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 77
6.2 ANODE BINDERS 78
6.2.1 AUTOMOTIVE AND INDUSTRIAL SECTORS TO INCREASE DEMAND 78
6.3 CATHODE BINDERS 78
6.3.1 GROWING DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET 78
7 LITHIUM-ION BATTERY BINDERS MARKET, BY BATTERY CHEMISTRY 79
7.1 INTRODUCTION 80
FIGURE 33 LITHIUM COBALT OXIDE SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 80
TABLE 22 LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY BATTERY CHEMISTRY, 2018–2020 (USD MILLION) 80
TABLE 23 LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY BATTERY CHEMISTRY, 2021–2027 (USD MILLION) 81
7.2 LITHIUM IRON PHOSPHATE 81
7.2.1 COST-EFFECTIVENESS TO ENHANCE DEMAND 81
7.3 LITHIUM COBALT OXIDE 81
7.3.1 GROWING USE IN CONSUMER ELECTRONICS TO BOOST DEMAND 81
7.4 LITHIUM NICKEL MANGANESE COBALT 82
7.4.1 AUTOMOTIVE SECTOR TO PROPEL DEMAND 82
7.5 LITHIUM TITANATE OXIDE 82
7.5.1 LONGER LIFECYCLE TO BE DEMAND DRIVER 82
7.6 OTHERS 82
8 LITHIUM-ION BATTERY BINDERS MARKET, BY MATERIAL 83
8.1 INTRODUCTION 84
FIGURE 34 POLYVINYLIDENE FLUORIDE SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 84
TABLE 24 LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY MATERIAL, 2018–2020 (USD MILLION) 84
TABLE 25 LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY MATERIAL, 2021–2027 (USD MILLION) 85
8.2 POLYVINYLIDENE FLUORIDE 85
8.2.1 PROVIDES HIGH ELECTROCHEMICAL AND THERMAL STABILITY 85
8.3 CARBOXYMETHYL CELLULOSE 85
8.3.1 HAS LOW-COST AND ENVIRONMENT-FRIENDLY CHARACTERISTICS 85
8.4 POLYMETHYL METHACRYLATE 85
8.4.1 EXHIBITS HIGH THERMAL STABILITY 85
8.5 STYRENE BUTADIENE COPOLYMER 86
8.5.1 OFFERS BETTER PROCESSABILITY THAN NATURAL RUBBER 86
TABLE 26 COMPARISON OF HYDROPHILIC AND PVDF BINDER PROCESSING REQUIREMENTS 86
8.6 OTHERS 87
9 LITHIUM-ION BATTERY BINDERS MARKET, BY END-USE 88
9.1 INTRODUCTION 89
FIGURE 35 INDUSTRIAL SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 89
TABLE 27 LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 89
TABLE 28 LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 90
9.2 CONSUMER ELECTRONICS 90
9.2.1 HIGH ENERGY DENSITY AND LESS RECHARGE TIME OF LITHIUM-ION BATTERIES TO PROPEL DEMAND 90
9.3 AUTOMOTIVE 90
9.3.1 INCREASING DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET 90
9.4 ENERGY STORAGE 90
9.4.1 GROWING INDUSTRIALIZATION TO PROPEL MARKET 90
9.5 INDUSTRIAL 91
9.5.1 GROWING USE OF LITHIUM-ION BATTERIES IN CONSTRUCTION AND AEROSPACE INDUSTRIES TO BOOST MARKET 91
9.6 OTHERS 91
10 LITHIUM-ION BATTERY BINDERS MARKET, BY REGION 92
10.1 INTRODUCTION 93
FIGURE 36 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 93
TABLE 29 LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY REGION, 2018–2020 (USD MILLION) 93
TABLE 30 LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION) 94
TABLE 31 LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY REGION, 2018–2020 (TON) 94
TABLE 32 LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY REGION, 2021–2027 (TON) 94
10.2 ASIA PACIFIC 95
10.2.1 IMPACT OF RECESSION 95
FIGURE 37 ASIA PACIFIC: LITHIUM-ION BATTERY BINDERS MARKET SNAPSHOT 96
TABLE 33 ASIA PACIFIC: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION) 96
TABLE 34 ASIA PACIFIC: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 97
TABLE 35 ASIA PACIFIC: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 97
TABLE 36 ASIA PACIFIC: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 97
TABLE 37 ASIA PACIFIC: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION) 98
TABLE 38 ASIA PACIFIC: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION) 98
TABLE 39 ASIA PACIFIC: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2018–2020 (TON) 98
TABLE 40 ASIA PACIFIC: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2021–2027 (TON) 99
10.2.1.1 China 99
10.2.1.1.1 Growing production of electric vehicles to drive demand 99
TABLE 41 CHINA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 99
TABLE 42 CHINA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 100
10.2.1.2 South Korea 100
10.2.1.2.1 Initiatives to increase production of electric vehicles to propel demand 100
TABLE 43 SOUTH KOREA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 100
TABLE 44 SOUTH KOREA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 101
10.2.1.3 Japan 101
10.2.1.3.1 Presence of leading lithium-ion battery manufacturers to boost market 101
TABLE 45 JAPAN: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 101
TABLE 46 JAPAN: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 102
10.2.1.4 India 102
10.2.1.4.1 Development of smart cities and growth in electric vehicle penetration rate to fuel market 102
TABLE 47 INDIA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 102
TABLE 48 INDIA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 103
10.2.1.5 Rest of Asia Pacific 103
TABLE 49 REST OF ASIA PACIFIC: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 103
TABLE 50 REST OF ASIA PACIFIC: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 103
10.3 NORTH AMERICA 104
10.3.1 IMPACT OF RECESSION 104
FIGURE 38 NORTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SNAPSHOT 104
TABLE 51 NORTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION) 105
TABLE 52 NORTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 105
TABLE 53 NORTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 105
TABLE 54 NORTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 105
TABLE 55 NORTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION) 106
TABLE 56 NORTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION) 106
TABLE 57 NORTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2018–2020 (TON) 106
TABLE 58 NORTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2021–2027 (TON) 106
10.3.1.1 US 107
10.3.1.1.1 Growth of electric vehicles and portable electronic devices to fuel market 107
TABLE 59 US: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 107
TABLE 60 US: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 107
10.3.1.2 Canada 108
10.3.1.2.1 Increasing government investment in electric vehicle industry to create growth opportunities 108
TABLE 61 CANADA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 108
TABLE 62 CANADA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 108
10.3.1.3 Mexico 109
10.3.1.3.1 Introduction of zero-emission vehicles to propel demand for lithium-ion battery binders 109
TABLE 63 MEXICO: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 109
TABLE 64 MEXICO: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 109
10.4 EUROPE 110
10.4.1 IMPACT OF RECESSION 110
FIGURE 39 EUROPE: LITHIUM-ION BATTERY BINDERS MARKET SNAPSHOT 110
TABLE 65 EUROPE: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION) 111
TABLE 66 EUROPE: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 111
TABLE 67 EUROPE: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 111
TABLE 68 EUROPE: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 111
TABLE 69 EUROPE: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION) 112
TABLE 70 EUROPE: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION) 112
TABLE 71 EUROPE: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2018–2020 (TON) 112
TABLE 72 EUROPE: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2021–2027 (TON) 113
10.4.1.1 Germany 113
10.4.1.1.1 Growing initiatives for renewable and electric vehicle sectors to influence market growth positively 113
TABLE 73 GERMANY: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 113
TABLE 74 GERMANY: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 114
10.4.1.2 France 114
10.4.1.2.1 Government initiatives to lower CO2 emissions to support market 114
TABLE 75 FRANCE: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 114
TABLE 76 FRANCE: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 115
10.4.1.3 UK 115
10.4.1.3.1 Growing sales of electric vehicles to increase demand for lithium-ion battery binders 115
TABLE 77 UK: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 115
TABLE 78 UK: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 116
10.4.1.4 Italy 116
10.4.1.4.1 Growth of renewable sector to contribute to market growth 116
TABLE 79 ITALY: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 116
TABLE 80 ITALY: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 117
10.4.1.5 Netherlands 117
10.4.1.5.1 Emphasis on environmental degradation to fuel market 117
TABLE 81 NETHERLANDS: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 117
TABLE 82 NETHERLANDS: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 118
10.4.1.6 Rest of Europe 118
TABLE 83 REST OF EUROPE: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 118
TABLE 84 REST OF EUROPE: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 119
10.5 MIDDLE EAST & AFRICA 119
TABLE 85 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION) 119
TABLE 86 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 119
TABLE 87 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 120
TABLE 88 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 120
TABLE 89 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION) 120
TABLE 90 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION) 121
TABLE 91 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2018–2020 (TON) 121
TABLE 92 MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2021–2027 (TON) 121
10.5.1 SAUDI ARABIA 122
10.5.1.1 Focus on renewables to drive market 122
TABLE 93 SAUDI ARABIA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 122
TABLE 94 SAUDI ARABIA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 122
10.5.2 UAE 123
10.5.2.1 Focus on reducing dependency on oil to drive market 123
TABLE 95 UAE: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 123
TABLE 96 UAE: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 123
10.5.3 ISRAEL 124
10.5.3.1 Government initiative to boost automotive sector to contribute to market growth 124
TABLE 97 ISRAEL: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 124
TABLE 98 ISRAEL: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 124
10.5.4 REST OF MIDDLE EAST & AFRICA 124
TABLE 99 REST OF MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 125
TABLE 100 REST OF MIDDLE EAST & AFRICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 125
10.6 SOUTH AMERICA 125
TABLE 101 SOUTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION) 125
TABLE 102 SOUTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 126
TABLE 103 SOUTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 126
TABLE 104 SOUTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 126
TABLE 105 SOUTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION) 126
TABLE 106 SOUTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION) 127
TABLE 107 SOUTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2018–2020 (TON) 127
TABLE 108 SOUTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY COUNTRY, 2021–2027 (TON) 127
10.6.1 BRAZIL 127
10.6.1.1 Growing investment in data centers to help in market growth 127
TABLE 109 BRAZIL: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 128
TABLE 110 BRAZIL: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 128
10.6.2 ARGENTINA 128
10.6.2.1 Huge lithium ore reserves and government initiatives for electric vehicles to drive market 128
TABLE 111 ARGENTINA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 129
TABLE 112 ARGENTINA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 129
10.6.3 REST OF SOUTH AMERICA 129
TABLE 113 REST OF SOUTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2018–2020 (USD MILLION) 129
TABLE 114 REST OF SOUTH AMERICA: LITHIUM-ION BATTERY BINDERS MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION) 130
11 COMPETITIVE LANDSCAPE 131
11.1 INTRODUCTION 131
11.2 STRATEGIES ADOPTED BY KEY PLAYERS 131
11.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS 131
11.3 MARKET SHARE ANALYSIS 133
11.3.1 RANKING OF KEY MARKET PLAYERS, 2021 133
FIGURE 40 RANKING OF TOP 5 PLAYERS IN LITHIUM-ION BATTERY BINDERS MARKET, 2021 133
11.3.2 MARKET SHARE OF KEY PLAYERS 134
FIGURE 41 LITHIUM-ION BATTERY BINDERS MARKET SHARE ANALYSIS 134
TABLE 115 LITHIUM-ION BATTERY BINDERS MARKET: DEGREE OF COMPETITION 134
11.3.2.1 Arkema 135
11.3.2.2 Solvay 135
11.3.2.3 LG Chem 135
11.3.2.4 ENEOS Corporation 135
11.3.2.5 Zeon Corporation 135
11.3.3 REVENUE ANALYSIS OF TOP 5 PLAYERS 135
FIGURE 42 REVENUE ANALYSIS OF TOP 5 PLAYERS DURING 2017-2021 136
11.4 COMPANY PRODUCT FOOTPRINT ANALYSIS 136
FIGURE 43 LITHIUM-ION BATTERY BINDERS MARKET: COMPANY FOOTPRINT 136
TABLE 116 LITHIUM-ION BATTERY BINDERS MARKET: COMPANY TYPE FOOTPRINT 137
TABLE 117 LITHIUM-ION BATTERY BINDERS MARKET: COMPANY END-USE FOOTPRINT 137
TABLE 118 LITHIUM-ION BATTERY BINDERS MARKET: COMPANY REGION FOOTPRINT 138
11.5 COMPANY EVALUATION MATRIX (TIER-1 PLAYERS) 139
11.5.1 STARS 139
11.5.2 EMERGING LEADERS 139
11.5.3 PERVASIVE PLAYERS 139
11.5.4 PARTICIPANTS 139
FIGURE 44 COMPANY EVALUATION QUADRANT FOR LITHIUM-ION BATTERY BINDERS MARKET (TIER-1 PLAYERS) 140
11.6 COMPETITIVE BENCHMARKING 141
TABLE 119 LITHIUM-ION BATTERY BINDERS MARKET: LIST OF KEY START-UPS/SMES 141
TABLE 120 LITHIUM-ION BATTERY BINDERS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 141
11.7 START-UP/SME EVALUATION QUADRANT 142
11.7.1 RESPONSIVE COMPANIES 142
11.7.2 PROGRESSIVE COMPANIES 142
11.7.3 DYNAMIC COMPANIES 142
11.7.4 STARTING BLOCKS 142
FIGURE 45 START-UP/SME EVALUATION QUADRANT FOR LITHIUM-ION BATTERY BINDERS MARKET 143
11.8 COMPETITIVE SITUATIONS AND TRENDS 144
11.8.1 PRODUCT LAUNCHES 144
TABLE 121 LITHIUM-ION BATTERY BINDERS MARKET: PRODUCT LAUNCHES (2019–2022) 144
11.8.2 DEALS 145
TABLE 122 LITHIUM-ION BATTERY BINDERS MARKET: DEALS (2019–2022) 145
11.8.3 OTHER DEVELOPMENTS 147
TABLE 123 LITHIUM-ION BATTERY BINDERS MARKET: OTHER DEVELOPMENTS (2019–2022) 147
12 COMPANY PROFILES 150
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
12.1 KEY COMPANIES 150
12.1.1 ARKEMA 150
TABLE 124 ARKEMA: COMPANY OVERVIEW 150
FIGURE 46 ARKEMA: COMPANY SNAPSHOT 151
TABLE 125 ARKEMA: PRODUCTS OFFERED 151
TABLE 126 ARKEMA: PRODUCT LAUNCHES 152
TABLE 127 ARKEMA: DEALS 152
TABLE 128 ARKEMA: OTHERS 153
12.1.2 SOLVAY 155
TABLE 129 SOLVAY: COMPANY OVERVIEW 155
FIGURE 47 SOLVAY: COMPANY SNAPSHOT 156
TABLE 130 SOLVAY: PRODUCTS OFFERED 156
TABLE 131 SOLVAY: DEALS 157
TABLE 132 SOLVAY: OTHERS 157
12.1.3 LG CHEM 159
TABLE 133 LG CHEM: COMPANY OVERVIEW 159
FIGURE 48 LG CHEM: COMPANY SNAPSHOT 160
TABLE 134 LG CHEM: PRODUCTS OFFERED 160
TABLE 135 LG CHEM: DEALS 161
TABLE 136 LG CHEM: OTHERS 161
12.1.4 ENEOS CORPORATION 162
TABLE 137 ENEOS CORPORATION: COMPANY OVERVIEW 162
FIGURE 49 ENEOS CORPORATION: COMPANY SNAPSHOT 162
TABLE 138 ENEOS CORPORATION: PRODUCTS OFFERED 163
TABLE 139 ENEOS CORPORATION: DEALS 163
12.1.5 ZEON CORPORATION 165
TABLE 140 ZEON CORPORATION: COMPANY OVERVIEW 165
FIGURE 50 ZEON CORPORATION: COMPANY SNAPSHOT 166
TABLE 141 ZEON CORPORATION: PRODUCTS OFFERED 166
TABLE 142 ZEON CORPORATION: OTHERS 167
12.1.6 ASHLAND GLOBAL HOLDINGS INC. 168
TABLE 143 ASHLAND GLOBAL HOLDINGS INC.: COMPANY OVERVIEW 168
FIGURE 51 ASHLAND GLOBAL HOLDINGS INC.: COMPANY SNAPSHOT 169
TABLE 144 ASHLAND GLOBAL HOLDINGS INC.: PRODUCTS OFFERED 169
12.1.7 BASF SE 170
TABLE 145 BASF SE: COMPANY OVERVIEW 170
FIGURE 52 BASF SE: COMPANY SNAPSHOT 171
TABLE 146 BASF SE: PRODUCTS OFFERED 171
TABLE 147 BASF SE: PRODUCT LAUNCHES 172
12.1.8 CRYSTAL CLEAR ELECTRONIC MATERIAL CO., LTD. 173
TABLE 148 CRYSTAL CLEAR ELECTRONIC MATERIAL CO., LTD.: COMPANY OVERVIEW 173
TABLE 149 CRYSTAL CLEAR ELECTRONIC MATERIAL CO., LTD.: PRODUCTS OFFERED 173
TABLE 150 CRYSTAL CLEAR ELECTRONIC MATERIAL CO., LTD.: OTHERS 174
12.1.9 DAIKIN INDUSTRIES, LTD. 175
TABLE 151 DAIKIN INDUSTRIES, LTD.: COMPANY OVERVIEW 175
FIGURE 53 DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT 176
TABLE 152 DAIKIN INDUSTRIES, LTD.: PRODUCTS OFFERED 176
TABLE 153 DAIKIN INDUSTRIES, LTD.: OTHERS 177
12.1.10 DUPONT 178
TABLE 154 DUPONT: COMPANY OVERVIEW 178
FIGURE 54 DUPONT: COMPANY SNAPSHOT 179
TABLE 155 DUPONT: PRODUCTS OFFERED 179
TABLE 156 DUPONT: DEALS 180
12.1.11 FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY CO., LTD. 181
TABLE 157 FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 181
TABLE 158 FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY CO., LTD.: PRODUCTS OFFERED 181
TABLE 159 FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY CO., LTD.: PRODUCT LAUNCHES 181
 
12.1.12 KUREHA CORPORATION 182
TABLE 160 KUREHA CORPORATION: COMPANY OVERVIEW 182
FIGURE 55 KUREHA CORPORATION: COMPANY SNAPSHOT 182
TABLE 161 KUREHA CORPORATION: PRODUCTS OFFERED 183
TABLE 162 KUREHA CORPORATION: OTHERS 183
12.1.13 RESONAC HOLDINGS CORPORATION 184
TABLE 163 RESONAC HOLDINGS CORPORATION: COMPANY OVERVIEW 184
FIGURE 56 RESONAC HOLDINGS CORPORATION: COMPANY SNAPSHOT 185
TABLE 164 RESONAC HOLDINGS CORPORATION: PRODUCTS OFFERED 185
12.1.14 SUMITOMO SEIKA CHEMICALS COMPANY, LIMITED 186
TABLE 165 SUMITOMO SEIKA CHEMICALS COMPANY, LIMITED: COMPANY OVERVIEW 186
FIGURE 57 SUMITOMO SEIKA CHEMICALS COMPANY, LIMITED: COMPANY SNAPSHOT 186
TABLE 166 SUMITOMO SEIKA CHEMICALS COMPANY, LIMITED: PRODUCTS OFFERED 187
12.1.15 SYNTHOMER PLC 188
TABLE 167 SYNTHOMER PLC: COMPANY OVERVIEW 188
FIGURE 58 SYNTHOMER PLC: COMPANY SNAPSHOT 189
TABLE 168 SYNTHOMER PLC: PRODUCTS OFFERED 190
TABLE 169 SYNTHOMER PLC: OTHERS 190
12.1.16 TRINSEO 191
TABLE 170 TRINSEO: COMPANY OVERVIEW 191
FIGURE 59 TRINSEO: COMPANY SNAPSHOT 192
TABLE 171 TRINSEO: PRODUCTS OFFERED 192
TABLE 172 TRINSEO: DEALS 193
12.2 OTHER COMPANIES 194
12.2.1 APV ENGINEERED COATINGS 194
TABLE 173 APV ENGINEERED COATINGS: COMPANY OVERVIEW 194
12.2.2 ELCAN INDUSTRIES 195
TABLE 174 ELCAN INDUSTRIES: COMPANY OVERVIEW 195
TABLE 175 ELCAN INDUSTRIES: OTHERS 195
12.2.3 FUJIFILM WAKO PURE CHEMICAL CORPORATION 196
TABLE 176 FUJIFILM WAKO PURE CHEMICAL CORPORATION: COMPANY OVERVIEW 196
12.2.4 NANOGRAFI NANO TECHNOLOGY 197
TABLE 177 NANOGRAFI NANO TECHNOLOGY: COMPANY OVERVIEW 197
12.2.5 XIAMEN TOB NEW ENERGY TECHNOLOGY CO., LTD. 198
TABLE 178 XIAMEN TOB NEW ENERGY TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 198
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
 
13 APPENDIX 199
13.1 DISCUSSION GUIDE 199
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 202
13.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 204
13.4 CUSTOMIZATION OPTIONS 204
13.5 RELATED REPORTS 205
13.6 AUTHOR DETAILS 206