Arkema (US) and Solvay (Belgium) are Leading Players in the Lithium-ion Battery Binders Market
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% during the forecast period. Growing demand for batteries in electric vehicle and consumer electronics along with the growing usage in energy storage devices is expected to drive the market during the forecast period. Key players in the lithium-ion battery binders market include Arkema (US), Solvay (Belgium), LG Chem (South Korea), ENEOS Corporation (Japan), and Zeon Corporation (Japan), among others.
Substantial investments have been made in the past few years by the key players to address the growing demand for lithium-ion battery binders. These players have adopted strategies such as product launches, expansions, joint ventures, investments, partnerships, to enhance their business revenue and market share. Expansion of production units globally and new product launches is the key strategy adopted by these players to cater to the increasing demand for lithium-ion battery binders.
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Arkema is one of the leading manufacturers of resins and additives with a broad product portfolio of paints, varnishes, and lacquer solutions. The company operates business through four reportable segments, namely, adhesives, coating solutions, advanced materials, and intermediates. It offers battery binders under the advanced materials segment, which includes high-performance polymers and performance additives. Arkema offers Kynar PVDF solutions used in lithium-ion battery technology as electrode binders for active materials. The company’s ongoing innovation has produced solutions that are currently used for separator coatings as well as anode and cathode binders. It has a strong focus on R&D in developing electric mobility, offering a range of materials, which enhance the performance of batteries.
Another important player in the global lithium-ion batteries market is Solvay. It is one of the leading manufacturers of resins and additives with a broad product portfolio of paints, varnishes, and lacquer solutions. The company operates business through four reportable segments, namely, adhesives, coating solutions, advanced materials, and intermediates. It offers battery binders under the advanced materials segment, which includes high-performance polymers and performance additives. Arkema offers Kynar PVDF solutions used in lithium-ion battery technology as electrode binders for active materials. The company’s ongoing innovation has produced solutions that are currently used for separator coatings as well as anode and cathode binders. It has a strong focus on R&D in developing electric mobility, offering a range of materials, which enhance the performance of batteries.
Related Reports:
Lithium-ion Battery Binders Market by Type (Anode and Cathode), Material (PVDF, CMC, PMMA, SBR), Battery Chemistry, End Use (Automotive, Consumer Electronics, Energy Storage, Industrial), and Region - Global Forecast to 2027
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