Global Binder in Lithium Ion Batteries Market Outlook Report: Latest Trends and Growth Opportunities by Region

Published On: Feb, 2025
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Pages: 156

"The Global Binder in Lithium Ion Batteries Market Size was valued at USD 2.6 billion in 2024 and is projected to reach USD 3.0 billion in 2025. Worldwide sales of Binder in Lithium Ion Batteries are expected to grow at a significant CAGR of 18.9%, reaching USD 14.7 billion by the end of the forecast period in 2034."

Introduction and Overview of Binder in Lithium-Ion Batteries Market

The Binder in Lithium-Ion Batteries market is integral to the rapidly expanding global energy storage and electric mobility ecosystems. Binders serve as critical adhesive agents that hold together active materials, conductive additives, and current collectors in battery electrodes. They ensure mechanical stability, facilitate ionic transport, and enhance cycle life—enabling better performance and safety across EVs, portable electronics, and grid-scale storage systems. As lithium-ion battery usage proliferates, driven by the shift toward EVs, renewable energy storage, and consumer electronics, binder performance requirements have become more stringent. With concerns like capacity fade, fast charging, and high-temperature stability at the forefront, demand is rising for binders that deliver high adhesion, chemical resistance, and conductivity, without compromising environmental and cost considerations. The market is now evolving beyond traditional PVDF binders to include water-based alternatives and engineered polymer blends that offer improved process efficiency and reduced reliance on hazardous solvents.

Going forward, the Binder in Lithium-Ion Batteries market is poised for significant growth through 2025 and beyond as next-generation chemistries—such as high-nickel cathodes, silicon-rich anodes, and solid-state electrolytes—enter large-scale production. These systems require advanced binder formulations capable of accommodating volumetric expansion, maintaining interfacial integrity, and ensuring long-term reliability under rigorous cycling and environmental stresses. Sustainability concerns and stricter VOC emissions regulations are prompting manufacturers toward aqueous binder systems like CMC/SBR, alginates, and novel biodegradable polymers. Furthermore, binder producers are forming strategic partnerships with battery manufacturers and chemical suppliers to co-develop application-specific solutions that enhance electrode performance and facilitate process optimization. Regional variation in binder adoption is notable: Asia-Pacific, led by China, Japan, and South Korea, dominates production and R&D, while North America and Europe focus on sustainable alternatives and high-energy battery platforms. As global binder production scales and R&D efforts accelerate, binder technology will play a central role in determining the efficiency, cost-effectiveness, and environmental footprint of future lithium-ion batteries.

Global Lithium Ion Batteries Market Analysis 2025-2032: Industry Size, Share, Growth Trends, Competition and Forecast Report

Key insights

  • High-nickel cathode materials used in modern EVs demand binders with strong adhesion, thermal stability, and chemical resistance. Binder formulations combining PVDF with functional polymers or ceramic additives improve interface binding and suppress capacity degradation under high-voltage conditions.

  • Silicon-dominant anodes suffer from substantial volumetric expansion during charging cycles; advanced binders such as sodium alginate or CMC/SBR composites are engineered to form elastic electrode networks that accommodate dimensional changes and maintain conductivity.

  • Water-based binder systems combining CMC and SBR are gaining traction due to their low solvent emissions, cost-effectiveness, and performance advantages. These aqueous binders support eco-friendly processing and align with stricter VOC and solvent emission regulations globally.

  • Binders tailored for fast-charging applications must exhibit high ionic conductivity, mechanical robustness, and interfacial stability. Novel polymer chemistries are being developed to facilitate rapid lithium-ion transport and reduce electrode polarization during high-current pulses.

  • Solid-state batteries, which eliminate liquid electrolytes, require binders capable of holding solid electrolyte particles and active materials together. Polymer-ceramic hybrid binders are under development to support ionic conduction and mitigate interface degradation.

  • Anode–cathode cross-contamination during high-temperature operations highlights the need for thermally stable binders. Fluorinated polymers and heat-resistant blends are being adopted to enhance cell safety and longevity in extreme conditions.

  • Binder improvements contribute to first-cycle Coulombic efficiency gains, reducing irreversible capacity loss. Optimizing binder–active material interfaces can increase practical battery energy density, supporting EV range extension without increasing cell size.

  • Tailored binder particle size distribution and molecular weight control play a critical role in slurry rheology, coating uniformity, and electrode porosity. These characteristics directly impact cell manufacturing efficiency and final battery performance.

  • Binder manufacturers are investing in scalable production methods, including solvent-free processing and binder recycling. Consolidation in the binder supply chain through joint ventures enhances raw-material security and reduces production costs.

  • Next-gen biologically-derived binders from renewable sources, such as cellulose derivatives or plant-based polymers, are emerging as environmentally friendly alternatives. While currently niche, these binders offer long-term potential for reducing battery carbon footprint.

Market Players

Arkema S.A.
Solvay S.A.
ZEON Corporation
Ashland Global Holdings Inc.
JSR Corporation
Kureha Corporation
APV Engineered Coatings
Targray Technology International Inc.
Sartomer (a business unit of Arkema)
BASF SE
Nippon Shokubai Co., Ltd.
UBE Corporation
Sichuan Yongfa Electronic Materials Co., Ltd.

Report Scope

Parameter

Detail

Base Year

2024

Estimated Year

2025

Forecast Period

2026-2032

Market Size-Units

USD billion

Market Splits Covered

By Type, By Application and By End-User

Countries Covered

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Spain, Italy, Rest of Europe)

Asia-Pacific (China, India, Japan, Australia, Rest of APAC)

The Middle East and Africa (Middle East, Africa)

South and Central America (Brazil, Argentina, Rest of SCA)

Analysis Covered

Latest Trends, Driving Factors, Challenges, Trade Analysis, Price Analysis, Supply-Chain Analysis, Competitive Landscape, Company Strategies

Customization

10% free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed

Post-Sale Support

4 analyst hours, available up to 4 weeks

Delivery Format

The Latest Updated PDF and Excel Datafile

Market Segmentation

By Type

  • Cathode binders
  • Anode binders

By Application

  • Power battery
  • Energy storage battery
  • Digital battery
  • Others

By End Use

  • Consumer Electronics
  • Automotive & Transportation
  • Energy Storage System
  • Others

By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)

  

Recent Developments 

  • September 2024 Toagosei announced an expansion of its Nagoya plant’s manufacturing facilities to support lithium‑ion battery binders, aiming for a 142 GWh‑equivalent production capacity by October 2026, aligned with national efforts to secure supply for EV batteries.

  • March  2025 BASF scaled up production of its Licity® waterborne anode binders in the United States, adding manufacturing in Pennsylvania and Tennessee. This expansion ensures local supply for EV and energy storage systems while supporting global binder distribution networks.

  • April 2025 Denso, in partnership with Sumitomo Chemical, initiated joint development of new lithium‑ion battery binders. The collaboration aims to enhance binder performance, stability, and cost-effectiveness for next‑generation EV and industrial energy storage applications.

1. Table of Contents
1.1 List of Tables
1.2 List of Figures

2. Binder in Lithium Ion Batteries Market Latest Trends, Drivers and Challenges, 2024- 2032
2.1 Binder in Lithium Ion Batteries Market Overview
2.2 Market Strategies of Leading Binder in Lithium Ion Batteries Companies
2.3 Binder in Lithium Ion Batteries Market Insights, 2024- 2032
     2.3.1 Leading Binder in Lithium Ion Batteries Types, 2024- 2032
     2.3.2 Leading Binder in Lithium Ion Batteries End-User industries, 2024- 2032
     2.3.3 Fast-Growing countries for Binder in Lithium Ion Batteries sales, 2024- 2032
2.4 Binder in Lithium Ion Batteries Market Drivers and Restraints
     2.4.1 Binder in Lithium Ion Batteries Demand Drivers to 2032
     2.4.2 Binder in Lithium Ion Batteries Challenges to 2032
2.5 Binder in Lithium Ion Batteries Market- Five Forces Analysis
     2.5.1 Binder in Lithium Ion Batteries Industry Attractiveness Index, 2024
     2.5.2 Threat of New Entrants
     2.5.3 Bargaining Power of Suppliers
     2.5.4 Bargaining Power of Buyers
     2.5.5 Intensity of Competitive Rivalry
     2.5.6 Threat of Substitutes

3. Global Binder in Lithium Ion Batteries Market Value, Market Share, and Forecast to 2032
3.1 Global Binder in Lithium Ion Batteries Market Overview, 2024
3.2 Global Binder in Lithium Ion Batteries Market Revenue and Forecast, 2024- 2032 (US$ Million)

3.3 Global Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
3.3.1 Cathode binders
3.3.2 Anode binders

3.4 Global Binder in Lithium Ion Batteries Market Size and Share Outlook By Application, 2024- 2032
3.4.1 Fruits & Vegetables
3.4.2 Tea leaves
3.4.3 Coffee beans
3.4.4 Coconut water

3.5 Global Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
3.5.1 Power battery
3.5.2 Energy storage battery
3.5.3 Digital battery
3.5.4 Others

3.6 Global Binder in Lithium Ion Batteries Market Size and Share Outlook By End Use, 2024- 2032
3.6.1 Consumer Electronics
3.6.2 Automotive & Transportation
3.6.3 Energy Storage System
3.6.4 Others

3.7 Global Binder in Lithium Ion Batteries Market Size and Share Outlook by Region, 2024- 2032

4. Asia Pacific Binder in Lithium Ion Batteries Market Value, Market Share and Forecast to 2032
4.1 Asia Pacific Binder in Lithium Ion Batteries Market Overview, 2024
4.2 Asia Pacific Binder in Lithium Ion Batteries Market Revenue and Forecast, 2024- 2032 (US$ Million)
4.3 Asia Pacific Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
4.4 Asia Pacific Binder in Lithium Ion Batteries Market Size and Share Outlook By Application, 2024- 2032
4.5 Asia Pacific Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
4.6 Asia Pacific Binder in Lithium Ion Batteries Market Size and Share Outlook By End Use, 2024- 2032
4.7 Asia Pacific Binder in Lithium Ion Batteries Market Size and Share Outlook by Country, 2024- 2032
4.8 Key Companies in Asia Pacific Binder in Lithium Ion Batteries Market

5. Europe Binder in Lithium Ion Batteries Market Value, Market Share, and Forecast to 2032
5.1 Europe Binder in Lithium Ion Batteries Market Overview, 2024
5.2 Europe Binder in Lithium Ion Batteries Market Revenue and Forecast, 2024- 2032 (US$ Million)
5.3 Europe Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
5.4 Europe Binder in Lithium Ion Batteries Market Size and Share Outlook By Application, 2024- 2032
5.5 Europe Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
5.6 Europe Binder in Lithium Ion Batteries Market Size and Share Outlook By End Use, 2024- 2032
5.7 Europe Binder in Lithium Ion Batteries Market Size and Share Outlook by Country, 2024- 2032
5.8 Key Companies in Europe Binder in Lithium Ion Batteries Market

6. North America Binder in Lithium Ion Batteries Market Value, Market Share and Forecast to 2032
6.1 North America Binder in Lithium Ion Batteries Market Overview, 2024
6.2 North America Binder in Lithium Ion Batteries Market Revenue and Forecast, 2024- 2032 (US$ Million)
6.3 North America Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
6.4 North America Binder in Lithium Ion Batteries Market Size and Share Outlook By Application, 2024- 2032
6.5 North America Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
6.6 North America Binder in Lithium Ion Batteries Market Size and Share Outlook By End Use, 2024- 2032
6.7 North America Binder in Lithium Ion Batteries Market Size and Share Outlook by Country, 2024- 2032
6.8 Key Companies in North America Binder in Lithium Ion Batteries Market

7. South and Central America Binder in Lithium Ion Batteries Market Value, Market Share and Forecast to 2032
7.1 South and Central America Binder in Lithium Ion Batteries Market Overview, 2024
7.2 South and Central America Binder in Lithium Ion Batteries Market Revenue and Forecast, 2024- 2032 (US$ Million)
7.3 South and Central America Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
7.4 South and Central America Binder in Lithium Ion Batteries Market Size and Share Outlook By Application, 2024- 2032
7.5 South and Central America Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
7.6 South and Central America Binder in Lithium Ion Batteries Market Size and Share Outlook By End Use, 2024- 2032
7.7 South and Central America Binder in Lithium Ion Batteries Market Size and Share Outlook by Country, 2024- 2032
7.8 Key Companies in South and Central America Binder in Lithium Ion Batteries Market

8. Middle East Africa Binder in Lithium Ion Batteries Market Value, Market Share and Forecast to 2032
8.1 Middle East Africa Binder in Lithium Ion Batteries Market Overview, 2024
8.2 Middle East and Africa Binder in Lithium Ion Batteries Market Revenue and Forecast, 2024- 2032 (US$ Million)
8.3 Middle East Africa Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
8.4 Middle East Africa Binder in Lithium Ion Batteries Market Size and Share Outlook By Application, 2024- 2032
8.5 Middle East Africa Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
8.6 Middle East Africa Binder in Lithium Ion Batteries Market Size and Share Outlook By End Use, 2024- 2032
8.7 Middle East Africa Binder in Lithium Ion Batteries Market Size and Share Outlook by Country, 2024- 2032
8.8 Key Companies in Middle East Africa Binder in Lithium Ion Batteries Market

9. Binder in Lithium Ion Batteries Market Structure
9.1 Key Players 
9.2 Binder in Lithium Ion Batteries Companies - Key Strategies and Financial Analysis
     9.2.1 Snapshot
     9.2.3 Business Description
     9.2.4 Products and Services
     9.2.5 Financial Analysis

10. Binder in Lithium Ion Batteries Industry Recent Developments

11 Appendix
11.1 Publisher Expertise
11.2 Research Methodology
11.3 Annual Subscription Plans
11.4 Contact Information

   

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FAQ's

The Binder in Lithium Ion Batteries Market is estimated to reach USD 10.4 billion by 2032.

The Global Binder in Lithium Ion Batteries Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.9% during the forecast period from 2025 to 2032.

The Global Binder in Lithium Ion Batteries Market is estimated to generate USD 2.6 billion in revenue in 2024.

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Midstream infrastructure includes a robust oil pipeline network, notably the AB-4 pipeline connecting Bahrain to Saudi Arabia for crude supply to the Sitra refinery. In addition, Bahrain has invested in gas processing and compression facilities to support its domestic energy needs. On the downstream front, the Bapco Modernization Programme (BMP) is a cornerstone project that is expanding the capacity of the Sitra refinery from 267,000 barrels per day to around 380,000 barrels per day. This will allow Bahrain to produce cleaner fuels and boost its refining exports across Asia and Africa. The downstream sector also includes petrochemical activities and LNG import infrastructure, positioning Bahrain as a versatile player in the Gulf energy ecosystem while supporting its long-term energy security and economic diversification goals.Bahrain Oil and Gas Market Latest Developments In May 2025, Bapco Energies signed a strategic agreement with EOG Resources to commence deep gas exploration in the Pre-Unayzah formation, marking Bahrain’s first entry into unconventional gas drilling.In November 2024, Petrofac was awarded a multi-million-dollar, two-year contract by Bapco Upstream to connect new wells, install tie-ins, and develop gas flow infrastructure in the Bahrain Field to enhance natural gas production.Petrofac also secured a separate contract in late 2024 to design and construct a gas dehydration facility, aimed at improving the efficiency and quality of processed gas from mature reservoirs.At the MPGC 2025 conference, Bapco Energies announced the initiation of the largest-ever offshore 3D seismic survey in Bahrain, covering more than 4,000 square kilometers, with AI-driven subsurface imaging to guide future exploration.In May 2025, Bahrain and Russia entered advanced negotiations for a three-year LNG supply agreement, involving 1.5 million tonnes annually to meet domestic peak demand during summer months.Bahrain’s deal with EOG Resources signifies a strategic pivot toward unconventional resource development, reducing reliance on aging conventional reserves.Bapco’s upstream infrastructure enhancements signal a near-term goal to maximize recovery rates and increase domestic gas availability.The gas dehydration facility will enable more efficient use of produced gas and reduce bottlenecks in the midstream segment.The offshore 3D seismic initiative reflects a long-term vision to identify new reserves and de-risk exploration investment through advanced imaging.Expanding exploration capacity shows Bahrain's ambition to establish itself as a technically capable and resource-diverse player in the Gulf energy landscape.The LNG supply deal with Russia illustrates Bahrain’s intent to diversify its gas import portfolio and ensure summer supply reliability.Securing seasonal LNG imports also shows growing awareness of domestic consumption trends and infrastructure capacity planning.Collaborations with experienced global firms such as Petrofac and EOG reflect international confidence in Bahrain’s regulatory and operational environment.These investments align with Bahrain’s broader energy strategy to balance domestic energy needs with its refining and petrochemical export ambitions.Altogether, Bahrain is building a more resilient and forward-looking oil and gas sector by blending conventional output optimization with unconventional exploration, infrastructure modernization, and diversified import strategies.Bahrain Oil and Gas Market Report Scope The "Bahrain Oil and Gas Strategic Analysis and Outlook to 2032" is an all-encompassing report that delivers a full-spectrum evaluation of the nation’s oil and gas value chain—from exploration and production fields, refinery and LNG plant operations, to midstream pipelines and storage infrastructure in Bahrain. Leveraging robust methodologies and proprietary databases, the study provides detailed asset-level data, historic and forecasted supply-demand trends (2015–2032), and a clear understanding of how recent developments, government policies, and market dynamics shape the sector. The Bahrain Oil and Gas report equips industry stakeholders with actionable insights for investment, benchmarking, and strategic planning by profiling operational assets, new projects, and the competitive landscape across upstream, midstream, and downstream segments. Comprehensive market analytics are complemented by SWOT and investment opportunity analysis, highlighting growth drivers, operational risks, sector-specific challenges, and capital requirements. The study evaluates key companies’ strategies, performance, and market positions, providing an integrated view of where opportunities and bottlenecks exist. The scope extends to Bahrain field-wise production, refinery-wise capacity, LNG terminal operations (including liquefaction and regasification units), and product flows through pipelines and storage. The research not only answers core market questions but also uncovers the evolving dynamics that will influence the future trajectory of Bahrain country’s oil and gas industry. Bahrain Asset-by-asset data covers all existing and upcoming oil and gas fields, refineries, LNG terminals, pipelines, and storage facilities, providing a granular view of national infrastructure. Historic and projected supply-demand analysis for crude oil, natural gas, and key refined products (gasoline, diesel, LPG, fuel oil, etc.) from 2015 to 2032. Recent developments, regulatory changes, and major project announcements are analyzed for their impact on market fundamentals and investment climate. Segmented insights into upstream (exploration and production), midstream (pipelines, LNG, storage), and downstream (refining, distribution) operations. Comprehensive overview of LNG sector including liquefaction and regasification terminals, contracted versus available capacity, and future outlook. Bahrain Oil and Gas Industry SWOT analysis and sector-wise benchmarking to evaluate industry strengths, challenges, opportunities, and potential risks. Bahrain Investment analysis detailing sector growth potential, required capital for new projects, and feasibility of ongoing and planned developments. Competitive landscape profiling of leading companies, with business strategies, operational performance, and market shares. Infrastructure benchmarking by market concentration in pipelines, refining, LNG, and storage segments, including capacity and utilization rates. Answers to key market questions, including evolving Bahrain supply-demand dynamics, project status, leading market participants, and the future outlook for capacity, trade, and investment.

Published:Jul-2025