According to a recent market study published by Growth Market Reports, titled, "Global Anode Binders Market by types, applications, end-users and by Region: Size, Share, Trends and Opportunity Analysis, 2017-2027", the market was valued at USD 250.2 Million in 2019 and is expected to grow at a healthy growth rate of 21.7% by the year 2027. The Anode Binders market is anticipated to grow significantly during forecast period.

Anode Binders are gaining tremendous importance due to increasing demand for consumer electronics Demand for consumer electronics products has significantly increased due to the advent of new technologies, including the Internet of Things (IoT) and cloud-based storage. Moreover, technological improvements in wireless telecommunication technology have improved the penetration of smart electronic devices.

This is a major factor which is expected to increase the adoption of lithium-ion batteries in smart devices in the coming years. This, in turn, is expected to supplement the growth of the global anode binder market growth during the forecast period, as anode binders are widely used in the manufacturing of Li-ion batteries.

Global Anode Binders market has been fragmented based on types, applications, end-users and by regions. In terms of types, the global Anode Binders market is categorized as Water Based Type, Solvent Based Type. Based on applications, the market is classified as Silicon-based Anodes, Graphite-based Anodes. In terms of route of end use, the market is classified as Li-ion Battery, NI-MH Battery, and Others. By region Anode Binders market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America region is further bifurcated into countries such as the U.S., and Canada. The Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, the Asia Pacific is further segmented into, China, Japan, South Korea, Australia, Southeast Asia, and Rest of Asia Pacific. The European region is further categorized into Germany, France, Italy, the U.K., Spain, Russia, and the Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and the Rest of MEA.

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The effect of COVID-19 pandemic situation has led to the closure of several non-essential businesses reducing the demand for industrial goods in the world, which in turn, is affecting several industries worldwide. The COVID-19 pandemic has negatively affected the production activities across Anode Binders manufacturing units worldwide, the demand for Anode Binders has lowered throughout the pandemic.

As the production of batteries has lowered during the lockdown period. The global supply chain has slowed down due to restrictions on national borders. Regarding the anode binders market, the demand has been growing at sluggish growth rate during pandemic situation. Additionally, the Anode Binders production has slowed down and the market is expected to witness slow growth post COVID.

As per Growth Market Reports industry analyst Partha Paul, “The rising use of batteries in automotive industry, and growing global adoption of consumer electronics are anticipated to drive the growth of Anode Binders market significantly”.

Key Takeaways from the Study

  • Based on applications, the anode binder market is segmented into silicon-based anodes and graphite-based anodes. The graphite-based anodes segment held a significant share of the market in 2019 and this trend is anticipated to continue during the forecast period. The large share of the graphite-based anode segment is attributed to the wide application of graphite material in commercial LIBs. Moreover, increasing demand from the electronic manufacturing industry is anticipated to supplement the segment growth during the forecast period.
  • LIBs have significantly captured the wearable electronics market space. LIBs are mainly composed of an anode, a carbonate-based organic electrolyte, and a cathode. Reliable batteries are required for wearable devices, as they incessantly generate records of important data. Hence, demand for anode binder is anticipated to grow during the forecast period.
  • Increasing disposable income of people is driving the demand for battery-run appliances. which in turn, is expected to fuel the demand for anode binders during the forecast period.

Report Scope

Report Metric

Details

Market Value in 2019

USD 250.2 Million

Market Growth Rate (from 2021 to 2027)

21.7%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Market Segments

Types, Applications, End-Use

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

U.S., Canada, Brazil, Mexico, Rest of Latin America, China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific, Germany, France, Italy, U.K., Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, UAE and Rest of MEA.

Key Companies Profiled

Ashland, BASF SE, Daxin Materials Corp, Solvay, APV Engineered Coatings, HiNa Battery Technology Co., Ltd., FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY CO., LTD, JSR Corporation, SHOWA DENKO K.K., ZEON CORPORATION.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Anode binders manufacturers, raw material suppliers, primary respondents, and distributors,
  • Demand Side: Automotive industry, consumer electronic goods industry and others.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: PRBA - Portable Rechargeable Battery Association, CPSC - CONSUMER PRODUCT SAFETY COMMISSION, IBAIWA - Indian Battery and Accessories Industries Welfare Association, Battery Council, Recharge - European industry association for advanced rechargeable and lithium battery manufacturers and the entire related value chain.