Summary

Battery Binders Market Size
The global battery binders market size was valued at $4.53 billion in 2025 and is projected to reach $7.60 billion by 2031, growing at a CAGR of 9.0% during the forecast period.

Battery Binders Market Overview
Battery binders are critical components that hold the active materials, conductive additives, and electrolytes together in electrodes, ensuring cohesion, stability, and efficient electron and ion pathways. Companies can benefit from advancements in battery binder technologies in several ways.

The development of water-based binders, such as latex and emulsion polymers, allows for more sustainable and cost-effective manufacturing processes by replacing hazardous solvents like N-Methyl-2-pyrrolidone (NMP) and per- and polyfluorinated substances (PFAS).

For instance, Ames Goldsmith Corporation recently acquired Pyromet Inc. to enhance its position as a leading manufacturer of precious metal products and chemicals, including silver-based products used in battery binders. This shift towards water-based processing can help companies reduce their environmental impact and production costs while maintaining battery performance.

Furthermore, innovative binder designs are enabling the use of high-capacity anode materials like silicon, which undergo significant volume changes during cycling. By developing binders that can accommodate this expansion without compromising adhesion or conductivity, companies can develop batteries with higher energy densities. UV-curable binders are a promising solution, as they can be rapidly cured using electron beam or UV radiation, forming a cross-linked polymeric matrix that provides excellent adhesion and stability. Aqueous binders also play a crucial role in creating an "artificial solid-electrolyte interface (SEI) layer," which can improve the cycling performance of batteries. By carefully designing the chemical structure and polarity of the binder, companies can optimize the SEI layer formation and enhance the overall battery lifespan.

As the demand for high-performance, sustainable, and cost-effective batteries continues to grow, particularly in the electric vehicle and energy storage sectors, advancements in battery binder technologies will be crucial for companies to stay competitive and meet evolving market demands.

Battery Binders Market Dynamics
The battery binders market is expected to witness significant growth in the future due to the increasing demand for electric vehicles (EVs) and energy storage systems, technological advancements in battery materials and binder formulations, and growing focus on renewable energy and sustainable practices. However, the growing demand for binder-free electrode technologies, electrochemical inactivity of traditional binders leading to reduced energy density, and high affinity of binders to liquid electrolytes affecting performance are restraining the growth of the market.

Furthermore, development of multifunctional binders with enhanced properties, increasing investments in R&D, and expansion into emerging markets with growing EV adoption are the key trends propelling the battery binders market.

Increasing Demand for Electric Vehicles (EVs) and Energy Storage Systems is Driving the Battery Binders Market
The increasing demand for electric vehicles (EVs) and energy storage systems is significantly impacting the battery binders market, with various companies and government initiatives responding to this trend.
• For instance, BASF announced in May 2023 its investment in expanding production capabilities for high-performance battery binders to meet the surging demand from the EV sector.
• Government initiatives, such as the U.S. Inflation Reduction Act introduced in 2022, provide incentives for EV adoption, thereby driving the demand for battery components, including binders.
• Additionally, China’s plans to increase its non-pumped hydro energy storage capacity significantly by 2025 further emphasize the growing need for efficient battery solutions, which will increase the demand for battery binders as critical components in energy storage systems.

By Battery Type, the Lithium-ion BatteriesSegment is projected to be the Largest Segment in the Battery Binders Market
Lithium-ion Batteries is the largest segment in the battery binders market, driven by the rapid growth of electric vehicles (EVs) and the increasing need for efficient energy storage systems.
• Companies like LG Chem and BASF are actively expanding their production capabilities to meet this demand; for example, BASF announced in May 2023 a significant investment to enhance its battery binder production to support the rising EV market.
• Additionally, LG Chem has been collaborating with automotive manufacturers to develop advanced binder materials that improve battery efficiency and longevity.
• Government initiatives also play a crucial role; the U.S. Inflation Reduction Act of 2022 provides incentives for EV adoption, further driving the need for high-performance lithium-ion batteries and their components, including binders.
This trend is supported by ongoing research and development efforts aimed at creating more effective and sustainable binder materials, such as polyvinylidene fluoride (PVDF) and carboxymethyl cellulose (CMC), which are essential for the next generation of lithium-ion batteries.

By Geography, North America Holds the Largest Share in the Market Revenue
North America holds the largest share of the battery binders market, driven by the rapid adoption of electric vehicles (EVs) and the growing need for efficient energy storage systems.
• For instance, the U.S. government has implemented various initiatives, such as the Inflation Reduction Act of 2022, which provides substantial incentives for EV adoption, thereby increasing the demand for lithium-ion batteries and their components, including binders.
• Additionally, in November 2022, Solvay and Orbia announced a joint venture to produce polyvinylidene fluoride (PVDF) for battery materials, highlighting the region's commitment to enhancing its battery manufacturing capabilities.
These developments underscore the critical role of battery binders in supporting the structural integrity and performance of lithium-ion batteries, which are essential for the transition to electric mobility and renewable energy solutions in North America.

Key Target Audience:
• Battery manufacturers
• Electric vehicle (EV) manufacturers
• Government agencies and regulatory bodies
• Automotive industry stakeholders
• Material suppliers and distributors

List of the Key Players Profiled in the Report Includes:
• Arkema
• BASF Group
• UBE Corporation
• Asahi Kasei Corporation
• Kureha Corporation
• Mitsui Chemical, Inc.
• Solvay SA
• Sumitomo Chemical Co., Ltd.
• LG Chem
• ENEOS Corporation
• Zeon Corporation

Recent Developments:
• In April 2024, Zeon Corporation announced a partnership with AM Batteries to develop a new dry battery electrode using innovative binders, aiming to enhance battery performance and sustainability.
• In May 2024, Arkema partnered with ProLogium to develop high-performance specialty materials for lithium-ion batteries, focusing on enhancing safety, efficiency, and lifespan, particularly for electric vehicles and energy storage systems.

Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type:
• Anode Binder
• Cathode Binder

Market by, Battery Type:
• Flow Batteries
• Lead Acid Batteries
• Lithium-ion Batteries
• Nickel Cadmium (Ni-Cd) Batteries
• Nickel metal Hydride (Ni-MH) Batteries
• Redox Flow Batteries
• Sodium Sulfur(Na-S) Batteries
• Other Battery Types

Market by, Material:
• Carboxymethyl Cellulose
• Polymethyl Methacrylate
• Polyvinylidene Fluoride
• Styrene Butadiene Copolymer
• Other Materials

Market by, Application:
• Electric Vehicle
• Grid Energy Storage System
• Industrial
• Portable Electronics
• Other Applications

Market by, End User:
• Automotive
• Consumer Goods
• Electronics
• Power Grid
• Other End Users

Market by, Geography:
The battery binders market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.

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Table of Contents

1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations

2 Executive Summary

3 Research Methodology
3.1 Identification of Data
3.2 Data Analysis
3.3 Verification
3.4 Data Sources
3.5 Assumptions

4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges

5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market

6 Global Battery Binders Market by, Type
6.1 Overview
6.2 Anode Binder
6.3 Cathode Binder

7 Global Battery Binders Market by, Battery Types
7.1 Overview
7.2 Flow Batteries
7.3 Lead Acid Batteries
7.4 Lithium-ion
7.5 Nickel Cadmium (Ni-Cd) Batteries
7.6 Nickel metal Hydride (Ni-MH) Batteries
7.7 Redox Flow Batteries
7.8 Sodium Sulfur(Na-S) Batteries
7.9 Other Battery Types

8 Global Battery Binders Market by, Material
8.1 Overview
8.2 Carboxymethyl Cellulose
8.3 Polymethyl Methacrylate
8.4 Polyvinylidene Fluoride
8.5 Styrene Butadiene Copolymer
8.6 Other Materials

9 Global Battery Binders Market by, Applications
9.1 Overview
9.2 Electric Vehicle
9.3 Grid Energy Storage System
9.4 Industrial
9.5 Portable Electronics
9.6 Other Applications

10 Global Battery Binders Market by, End Users
10.1 Overview
10.2 Automotive
10.3 Consumer Goods
10.4 Electronics
10.5 Power Grid
10.6 Other End Users

11 Global Battery Binders Market by, Geography
11.1 Overview
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 UK
11.3.4 Italy
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 South Korea
11.4.5 Australia
11.4.6 New Zealand
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Brazil
11.5.2 Argentina
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 UAE
11.6.2 Saudi Arabia
11.6.3 Qatar
11.6.4 Iran
11.6.5 South Africa
11.6.6 Rest of Middle East & Africa

12 Key Developments

13 Company Profiling
13.1 Arkema
13.1.1 Business Overview
13.1.2 Product/Service Offering
13.1.3 Financial Overview
13.1.4 SWOT Analysis
13.1.5 Key Activities
13.2 BASF Group
13.3 UBE Corporation
13.4 Asahi Kasei Corporation
13.5 Kureha Corporation
13.6 Mitsui Chemical, Inc.
13.7 Solvay SA
13.8 Sumitomo Chemical Co., Ltd.
13.9 LG Chem
13.10 ENEOS Corporation
13.11 Zeon Corporation