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Binder Market for Lithium-Ion Batteries by Type, Application, and Geography - Forecast and Analysis 2022-2026

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR70323
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The binder market share for lithium-ion batteries is expected to increase by USD 2 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 24.76%.

This binder market for lithium-ion batteries research report will help companies evaluate their business approaches. Furthermore, this report extensively covers binder market segmentation for lithium-ion batteries by type (cathode binders and anode binders), application (power battery, energy storage battery, digital battery, and others), and geography (APAC, North America, Europe, South America, and MEA). The binder market report for lithium-ion batteries also offers information on several market vendors, including APV Engineered Coatings Inc., Arkema SA, Ashland Global Holdings Inc., BASF SE, DuPont de Nemours Inc., JSR Corp., Kureha Corp., Solvay SA, Targray Technology International Inc., and Zeon Corp. among others.

What will the Binder Market Size for Lithium-Ion Batteries be During the Forecast Period?

Download the Free Report Sample to Unlock the Binder Market Size for Lithium-Ion Batteries for the Forecast Period and Other Important Statistics

 

Binder Market for Lithium-Ion Batteries: Key Drivers, Trends, and Challenges

The rising demand for smart devices is notably driving the binder market growth for lithium-ion batteries, although factors such as the presence of several substitutes for lithium-ion batteries may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the binder industry for lithium-ion batteries. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Binder Market Driver for Lithium-Ion Batteries

One of the key factors driving growth in the binder market for lithium-ion batteries is the shift of the automotive industry toward EV. Stringent regulations are being imposed, which ensure compliance with the Paris Agreement on Climate Change. EVs are the most suitable way of reducing the carbon footprint. They are considered a green solution for the decarbonization of the transportation sector. On average, EVs release half the amount of greenhouse gases (GHGs) released by conventional vehicles. The sale of EVs has been increasing steadily since 2012. To promote their sales further, governments of several countries such as China and the US are framing objectives and offering incentives in the form of monetary and non-monetary benefits.  Thus, the increase in the sales of EVs will boost the demand for lithium-ion batteries, thereby driving the growth of the binder market for lithium-ion batteries.

Key Binder Market Trend for Lithium-Ion Batteries

The growing adoption of lithium-ion batteries in energy storage is another factor supporting the binder market share growth for lithium-ion batteries. Energy storage systems are used for storing electrical energy for use at a later time when required. These systems have enabled the change in energy generation dynamics and are being widely adopted globally. In utility applications, energy storage systems are widely used to store energy during low-demand periods and utilize the stored energy during peak-demand periods by transmitting it into the grid. With the growing focus on bringing more renewables into the energy mix, the market for electrochemical energy storage systems is expected to grow significantly over the forecast period. Lithium-ion batteries are the most widely used in electrochemical energy storage systems due to their high energy density, size advantage, and high efficiency. The falling prices of lithium-ion batteries and the increasing requirement for energy storage systems, owing to the swiftly growing distribution of renewables, will support the growth of the global energy storage systems market. This is expected to have a positive impact on the growth of the binder market for lithium-ion batteries and, thus, influence the growth of the global binder market for lithium-ion batteries.

Key Binder Market Challenge for Lithium-Ion Batteries

The presence of several substitutes for lithium-ion batteries will be a major challenge for the binder market for lithium-ion batteries during the forecast period. Lithium-ion batteries are widely used in automotive, consumer electronics, and energy storage applications, mainly owing to their lightweight feature and high energy storage capacity. However, numerous lithium-ion battery substitutes are available in the market, which is likely to hamper the market growth. These batteries have applications in almost all major end-user industries, such as automotive, consumer electronics, and energy storage. Several other battery technologies are being developed for use in the automotive segment, such as solid-state and sodium batteries. Therefore, cost disadvantages and the availability of numerous substitutes affect the adoption of lithium-ion batteries, thereby hampering the growth of the binder market for lithium-ion batteries.

This binder market for lithium-ion batteries analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global binder market for lithium-ion batteries as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the binder market for lithium-ion batteries during the forecast period.

Who are the Major Binder Market Vendors for Lithium-Ion Batteries?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • APV Engineered Coatings Inc.
  • Arkema SA
  • Ashland Global Holdings Inc.
  • BASF SE
  • DuPont de Nemours Inc.
  • JSR Corp.
  • Kureha Corp.
  • Solvay SA
  • Targray Technology International Inc.
  • Zeon Corp.

 

This statistical study of the binder market for lithium-ion batteries encompasses successful business strategies deployed by the key vendors. The binder market for lithium-ion batteries is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • APV Engineered Coatings Inc - The company offers a diverse range of solvents with high-performance binders, such as N-Methyl 2-Pyrrolidone and Polyvinylidene Fluoride, for customized aqueous slurry materials used in electrodes.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The binder market for lithium-ion batteries forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Binder Market for Lithium-Ion Batteries Value Chain Analysis

Our report provides extensive information on the value chain analysis for the binder market for lithium-ion batteries, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the specialty chemicals market includes the following core components:

  • Inputs
  • Operations
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Binder Market for Lithium-Ion Batteries?

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79% of the market’s growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), and Japan are the key markets for the binder for lithium-ion batteries in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The region is a major manufacturing hub for both mobile products and EVs. This will facilitate the binder market growth for lithium-ion batteries in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic and the measures implemented in China, like nationwide lockdowns, led to widespread economic disruptions in 2020, which negatively impacted several countries in APAC. Therefore, most governments of affected countries in the region, such as India and China, resorted to infrastructure rehabilitation as part of their economic stimulus programs. The COVID-19 pandemic had a marginal impact on EV charging infrastructure. The rapid adoption of charging infrastructure in prominent countries in APAC such as China, India, and Japan has led to an increase in the sales of EVs. This, in turn, led to a rise in the growth of the binder market for lithium-ion batteries in APAC in 2020, which is expected to continue during the forecast period.

What are the Revenue-generating Type Segments in the Binder Market for Lithium-Ion Batteries?

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The binder market share growth for lithium-ion batteries by the cathode binders segment will be significant during the forecast period. The adoption of hydrophilic cathode binders is increasing rapidly due to their cost-effectiveness and less environmental impact. This will support the market growth in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the binder market size for lithium-ion batteries and actionable market insights on post COVID-19 impact on each segment.

 

Binder Market Scope for Lithium-Ion Batteries

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 24.76%

Market growth 2022-2026

$ 2 billion

Market structure

Fragmented

YoY growth (%)

30.74

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 79%

Key consumer countries

China, US, South Korea (Republic of Korea), Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

APV Engineered Coatings Inc., Arkema SA, Ashland Global Holdings Inc., BASF SE, DuPont de Nemours Inc., JSR Corp., Kureha Corp., Solvay SA, Targray Technology International Inc., and Zeon Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Binder Market for Lithium-Ion Batteries Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive binder market growth for lithium-ion batteries during the next five years
  • Precise estimation of the binder market size for lithium-ion batteries and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the binder industry for lithium-ion batteries across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of binder market vendors for lithium-ion batteries

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 25: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 27: Chart on Comparison by Type
      • Exhibit 28: Data Table on Comparison by Type
    • 5.3 Cathode binders - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Cathode binders - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Cathode binders - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Cathode binders - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Cathode binders - Year-over-year growth 2021-2026 (%)
    • 5.4 Anode binders - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Anode binders - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Anode binders - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Anode binders - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Anode binders - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 37: Market opportunity by Type ($ million)

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 38: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 39: Data Table on Application - Market share 2021-2026 (%)
    • 6.2 Comparison by Application
      • Exhibit 40: Chart on Comparison by Application
      • Exhibit 41: Data Table on Comparison by Application
    • 6.3 Power battery - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Power battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Power battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Power battery - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Power battery - Year-over-year growth 2021-2026 (%)
    • 6.4 Energy storage battery - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Energy storage battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Energy storage battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Energy storage battery - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Energy storage battery - Year-over-year growth 2021-2026 (%)
    • 6.5 Digital battery - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Digital battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Digital battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Digital battery - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Digital battery - Year-over-year growth 2021-2026 (%)
    • 6.6 Others - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 58: Market opportunity by Application ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 60: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 61: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 62: Chart on Geographic comparison
      • Exhibit 63: Data Table on Geographic comparison
    • 8.3 APAC - Market size and forecast 2021-2026
      • Exhibit 64: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 65: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 66: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.4 North America - Market size and forecast 2021-2026
      • Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.5 Europe - Market size and forecast 2021-2026
      • Exhibit 72: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.6 South America - Market size and forecast 2021-2026
      • Exhibit 76: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 80: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.8 China - Market size and forecast 2021-2026
      • Exhibit 84: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.9 US - Market size and forecast 2021-2026
      • Exhibit 88: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.10 South Korea - Market size and forecast 2021-2026
      • Exhibit 92: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on South Korea - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
    • 8.11 Japan - Market size and forecast 2021-2026
      • Exhibit 96: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.12 Germany - Market size and forecast 2021-2026
      • Exhibit 100: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 101: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 102: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 104: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 11.3 APV Engineered Coatings Inc.
              • Exhibit 111: APV Engineered Coatings Inc. - Overview
              • Exhibit 112: APV Engineered Coatings Inc. - Product / Service
              • Exhibit 113: APV Engineered Coatings Inc. - Key offerings
            • 11.4 Arkema SA
              • Exhibit 114: Arkema SA - Overview
              • Exhibit 115: Arkema SA - Business segments
              • Exhibit 116: Arkema SA - Key news
              • Exhibit 117: Arkema SA - Key offerings
              • Exhibit 118: Arkema SA - Segment focus
            • 11.5 Ashland Global Holdings Inc.
              • Exhibit 119: Ashland Global Holdings Inc. - Overview
              • Exhibit 120: Ashland Global Holdings Inc. - Business segments
              • Exhibit 121: Ashland Global Holdings Inc. - Key news
              • Exhibit 122: Ashland Global Holdings Inc. - Key offerings
              • Exhibit 123: Ashland Global Holdings Inc. - Segment focus
            • 11.6 BASF SE
              • Exhibit 124: BASF SE - Overview
              • Exhibit 125: BASF SE - Business segments
              • Exhibit 126: BASF SE - Key news
              • Exhibit 127: BASF SE - Key offerings
              • Exhibit 128: BASF SE - Segment focus
            • 11.7 DuPont de Nemours Inc.
              • Exhibit 129: DuPont de Nemours Inc. - Overview
              • Exhibit 130: DuPont de Nemours Inc. - Business segments
              • Exhibit 131: DuPont de Nemours Inc. - Key news
              • Exhibit 132: DuPont de Nemours Inc. - Key offerings
              • Exhibit 133: DuPont de Nemours Inc. - Segment focus
            • 11.8 JSR Corp.
              • Exhibit 134: JSR Corp. - Overview
              • Exhibit 135: JSR Corp. - Business segments
              • Exhibit 136: JSR Corp. - Key offerings
              • Exhibit 137: JSR Corp. - Segment focus
            • 11.9 Kureha Corp.
              • Exhibit 138: Kureha Corp. - Overview
              • Exhibit 139: Kureha Corp. - Business segments
              • Exhibit 140: Kureha Corp. - Key offerings
              • Exhibit 141: Kureha Corp. - Segment focus
            • 11.10 Solvay SA
              • Exhibit 142: Solvay SA - Overview
              • Exhibit 143: Solvay SA - Business segments
              • Exhibit 144: Solvay SA - Key offerings
              • Exhibit 145: Solvay SA - Segment focus
            • 11.11 Targray Technology International Inc.
              • Exhibit 146: Targray Technology International Inc. - Overview
              • Exhibit 147: Targray Technology International Inc. - Product / Service
              • Exhibit 148: Targray Technology International Inc. - Key offerings
            • 11.12 Zeon Corp.
              • Exhibit 149: Zeon Corp. - Overview
              • Exhibit 150: Zeon Corp. - Product / Service
              • Exhibit 151: Zeon Corp. - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 152: Inclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 153: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 154: Research methodology
                • Exhibit 155: Validation techniques employed for market sizing
                • Exhibit 156: Information sources
              • 12.5 List of abbreviations
                • Exhibit 157: List of abbreviations
              • policy support from government bodies toward the adoption of electric and hybrid vehicles
                • decline in the cost of electric vehicles

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  The binder market for lithium-ion batteries market growth will increase by $2000.63 million during 2021-2026.
                  The binder market for lithium-ion batteries market is expected to grow at a CAGR of 24.76% during 2021-2026.
                  Technavio has segmented the binder market for lithium-ion batteries market by type (Cathode binders and Anode binders) ,application (Power battery, Energy storage battery, Digital battery, and Others) , and geographic (APAC, North America, Europe, South America, and Middle East and Africa).
                  APV Engineered Coatings Inc., Arkema SA, Ashland Global Holdings Inc., BASF SE, Daikin Industries Ltd., DuPont de Nemours Inc., Elcan Industries Inc., Eternal Materials Co. Ltd., FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY Co. Ltd., JSR Corp., Kureha Corp., MTI Corp., NANOGRAFI Co. Inc., Showa Denko Materials Co. Ltd., Solvay SA, Synthomer Plc, Targray Technology International Inc., Xiamen AOT Electronic Technology Co. Ltd?é?á, Zeon Corp. are a few of the key vendors in the binder market for lithium-ion batteries market.
                  APAC will register the highest growth rate of 79.07% among the other regions. Therefore, the binder market for lithium-ion batteries market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                  The key factors driving the binder market for lithium-ion batteries market growth are:
                  • Shift of automotive industry toward EV
                  • Growing adoption of lithium-ion battery in energy storage
                  The binder market for lithium-ion batteries market vendors should focus on grabbing business opportunities from the cathode binders segment as it accounted for the largest market share in the base year.
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