Anode Binders Market Size, Share, and Industry Report [2030]
Global Anode Binders Market
Segments - by Types (Water Based Type, Solvent Based Type), by Applications (Silicon-based Anodes, Graphite-based Anodes), by End Users (Li-ion Battery, NI-MH Battery, and Others), and by Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
The global anode binders market was valued at USD 250.2 Million in 2019 and is projected to reach USD 959.7 Million by 2027, expanding at a CAGR of21.7% during the forecast period. The demand for Anode Binders is growing as demand for battery run appliances such as wearable electronics is increasing and volume of battery production is on the rise. Moreover, growing number of new sustainable anode binders is expected to boost the demand in developing countries. Additionally, Growing Innovation in storage and rechargeable batteries and anode binders market is expected to create lucrative opportunities for manufacturers in the market.
Market Dynamics
In the current market scenario, the water-based anode binder is used to replace the organic solvent used in battery production. Solvent-based binders are expensive and require additional costs for collection, recovery, and environmental compliance. Switching to water-based anode binders can reduce the manufacturing costs, as it is less expensive, environment-friendly, and increases cell performance.
Fast drying speed and low drying temperatures of the water-based binder increases the productivity and efficiency of electrode fabrication. Conversely, water-based binders have superior adhesion and can be used in low-concentration applications. They also increase battery rate and life performance. Hence, the demand for water-basedanode binders is anticipated to increase during the forecast period.
Furthermore, Silicon material has attracted enormous attention in the last decade, as it has high theoretical capacity. Hence, silicon-based anodes have been used intensively as a promising material to produce technologically advanced and high-capacity electrodes in lithium-ion batteries. Modification of binders is an effective method to improve the performance of silicon anode.
In this way, the contact integrity among conductive additives, active materials, and current collectors can be maintained. Hence, silicon is considered as effective anode materials for Li-ion batteries (LIBs), owing to its high volumetric and gravimetric capacity. Moreover, it is cheap, abundant, and environmentally benign. This, in turn, is anticipated to propel the demand for silicon-based anodes during the forecast period.
Batteries are widely used in utility grids, electric vehicles, and other electronics for storage and energy supply. However, there is a growing demand to improve the energy density of the batteries. Therefore, the development of new electrode materials with high energy density is gaining importance to meet the changing demand from end-user industries.
The interface problem of the active materials and binder can be resolved by fixing the active material straight to the conductive substrate. Moreover, electron and ion conductivity can be improved by close contact between the active material and conductive substrates in the binder-free electrode. In this way, the binder-free electrode exhibits an exceptional electrochemical performance. Hence, development of binder-free electrodes for use in Li-ion batteries is anticipated to restrain the market growth during the forecast period.
Rapidly increasing penetration of internet services & connectivity in numerous developing and developed economies worldwide, is providing growth opportunities for the lithium battery manufacturers, operating in the consumer electronics market. For instance, according to the China Internet Network Information Center, internet penetration reached 61.2% in 2019, registering a growth of 1.6%, as compared to that in 2018. This, in turn, is anticipated to expand the demand for the Li-ion batteries market in the next few years. Hence, the increasing adoption of wearable technology is anticipated to supplement the global anode binder market during the forecast period.
Segmental Outlook
By Types Segment
Based on types, the anode binder market is segmented into water-based type and solvent-based type. The water-based type 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 water-based type segment is attributed to its increasing applications in Li-ion batteries. Moreover, increasing sales of consumer electronics products is also anticipated to supplement the growth of the water-based type segment in the anode binder market during the forecast period.
By Applications Segment
On the basis of 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. Despite the emergence of alternative anode material such as silicon, graphite is anticipated to hold a significant share of the anode binder market during the forecast period, owing to increasing usage in the Li-ion batteries.
By End use Segment
In terms of end-use, the anode binder market is segmented into Li-ion batteries, NI-MH battery, and others. The Li-ion battery 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 Li-ion battery segment is attributed to its increasing applications in consumer electronics products. This, in turn, is anticipated to supplement the growth of the anode binder for Li-ion batteries during the forecast period.
The others segment is projected to expand at a considerable CAGR during the forecast period, owing to the increasing applications of the anode binder. The NI-MH battery segment is anticipated to hold a considerable share of the anode binder market during the forecast period, due to increasing applications in energy storage technology.
Regional Outlook
In terms of regions, the global Anode Binders market is segregated into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific accounted for a significant share of the global market in 2019. The market in Asia Pacific is projected to expand at a substantial pace during the forecast period.
North America is anticipated to hold the considerable share of the market during the forecast period due to growing investments in research activities and the presence of well-established battery and related chemicals manufacturers in the region. Growing automotive and energy storage and consumer electronics industries are expected to fuel the Anode Binders market in Europe during the forecast period.
Key Benefits for Industry Participants & Stakeholders
In-depth Analysis of the anode binders.
Historical, Current and Projected Market Size in terms of Value.
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Anode Binders Market Performance
Segments
By Types
Water Based Type
Solvent Based Type
By Application
Silicon-based Anodes
Graphite-based Anodes
By End Use
Li-ion Battery
NI-MH Battery
Others
By Regions
North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
Germany
France
Italy
U.K.
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
Australia
South East Asia (SEA)
Rest of Asia Pacific (APAC)
Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
Rest of Middle East & Africa (MEA)
Key Market Players Profiled in the Report
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
Competitive Landscape
Key players in the market include 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., and ZEON CORPORATION. These players are considered as key manufacturers of the market based on their different varieties of product availability, regional presence, better supply chain management system, and the increasing demand for the products.
The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to increase their demand for anode binders.
Chapter 1 Executive Summary Chapter 2 Assumptions and Acronyms Used Chapter 3 Research Methodology Chapter 4 Anode Binders Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Anode Binders Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Anode Binders Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Anode Binders Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Anode Binders Market Size & Forecast, 2017-2027 4.5.1 Anode Binders Market Size and Y-o-Y Growth 4.5.2 Anode Binders Market Absolute $ Opportunity 4.6 Pricing Analysis & Forecast, by Types, 2017-2027 4.7 Anode Binders Market Analysis and Forecast by Types 4.8 Anode Binder Market Material 4.9 Silicon-based Anodes – Financial Analysis 4.10 Graphite-based Based Anodes – Financial Analysis Chapter 5 Global Anode Binders Market Analysis and Forecast by Types 5.1 Introduction 5.1.1 Key Market Trends & Growth Opportunities by Types 5.1.2 Basis Point Share (BPS) Analysis by Types 5.1.3 Absolute $ Opportunity Assessment by Types 5.2 Anode Binders Market Size Forecast by Types 5.2.1 Water Based Type 5.2.2 Solvent Based Type 5.3 Market Attractiveness Analysis by Types Chapter 6 Global Anode Binders Market Analysis and Forecast by Application 6.1 Introduction 6.1.1 Key Market Trends & Growth Opportunities by Application 6.1.2 Basis Point Share (BPS) Analysis by Application 6.1.3 Absolute $ Opportunity Assessment by Application 6.2 Anode Binders Market Size Forecast by Application 6.2.1 Silicon-based Anodes 6.2.2 Graphite-based Anodes 6.3 Market Attractiveness Analysis by Application Chapter 7 Global Anode Binders Market Analysis and Forecast by End 7.1 Introduction 7.1.1 Key Market Trends & Growth Opportunities by End 7.1.2 Basis Point Share (BPS) Analysis by End 7.1.3 Absolute $ Opportunity Assessment by End 7.2 Anode Binders Market Size Forecast by End 7.2.1 Li-ion Battery 7.2.2 NI-MH Battery 7.2.3 and Others 7.3 Market Attractiveness Analysis by End Chapter 8 Global Anode Binders Market Analysis and Forecast by Region 8.1 Introduction 8.1.1 Key Market Trends & Growth Opportunities by Region 8.1.2 Basis Point Share (BPS) Analysis by Region 8.1.3 Absolute $ Opportunity Assessment by Region 8.2 Anode Binders Market Size Forecast by Region 8.2.1 North America 8.2.2 Europe 8.2.3 Asia Pacific 8.2.4 Latin America 8.2.5 Middle East & Africa (MEA) 8.3 Market Attractiveness Analysis by Region Chapter 9 Coronavirus Disease (COVID-19) Impact 9.1 Introduction 9.2 Current & Future Impact Analysis 9.3 Economic Impact Analysis 9.4 Government Policies 9.5 Investment Scenario Chapter 10 North America Anode Binders Analysis and Forecast 10.1 Introduction 10.2 North America Anode Binders Market Size Forecast by Country 10.2.1 U.S. 10.2.2 Canada 10.3 Basis Point Share (BPS) Analysis by Country 10.4 Absolute $ Opportunity Assessment by Country 10.5 Market Attractiveness Analysis by Country 10.6 North America Anode Binders Market Size Forecast by Types 10.6.1 Water Based Type 10.6.2 Solvent Based Type 10.7 Basis Point Share (BPS) Analysis by Types 10.8 Absolute $ Opportunity Assessment by Types 10.9 Market Attractiveness Analysis by Types 10.10 North America Anode Binders Market Size Forecast by Application 10.10.1 Silicon-based Anodes 10.10.2 Graphite-based Anodes 10.11 Basis Point Share (BPS) Analysis by Application 10.12 Absolute $ Opportunity Assessment by Application 10.13 Market Attractiveness Analysis by Application 10.14 North America Anode Binders Market Size Forecast by End 10.14.1 Li-ion Battery 10.14.2 NI-MH Battery 10.14.3 and Others 10.15 Basis Point Share (BPS) Analysis by End 10.16 Absolute $ Opportunity Assessment by End 10.17 Market Attractiveness Analysis by End Chapter 11 Europe Anode Binders Analysis and Forecast 11.1 Introduction 11.2 Europe Anode Binders Market Size Forecast by Country 11.2.1 Germany 11.2.2 France 11.2.3 Italy 11.2.4 U.K. 11.2.5 Spain 11.2.6 Russia 11.2.7 Rest of Europe 11.3 Basis Point Share (BPS) Analysis by Country 11.4 Absolute $ Opportunity Assessment by Country 11.5 Market Attractiveness Analysis by Country 11.6 Europe Anode Binders Market Size Forecast by Types 11.6.1 Water Based Type 11.6.2 Solvent Based Type 11.7 Basis Point Share (BPS) Analysis by Types 11.8 Absolute $ Opportunity Assessment by Types 11.9 Market Attractiveness Analysis by Types 11.10 Europe Anode Binders Market Size Forecast by Application 11.10.1 Silicon-based Anodes 11.10.2 Graphite-based Anodes 11.11 Basis Point Share (BPS) Analysis by Application 11.12 Absolute $ Opportunity Assessment by Application 11.13 Market Attractiveness Analysis by Application 11.14 Europe Anode Binders Market Size Forecast by End 11.14.1 Li-ion Battery 11.14.2 NI-MH Battery 11.14.3 and Others 11.15 Basis Point Share (BPS) Analysis by End 11.16 Absolute $ Opportunity Assessment by End 11.17 Market Attractiveness Analysis by End Chapter 12 Asia Pacific Anode Binders Analysis and Forecast 12.1 Introduction 12.2 Asia Pacific Anode Binders Market Size Forecast by Country 12.2.1 China 12.2.2 Japan 12.2.3 South Korea 12.2.4 India 12.2.5 Australia 12.2.6 South East Asia (SEA) 12.2.7 Rest of Asia Pacific (APAC) 12.3 Basis Point Share (BPS) Analysis by Country 12.4 Absolute $ Opportunity Assessment by Country 12.5 Market Attractiveness Analysis by Country 12.6 Asia Pacific Anode Binders Market Size Forecast by Types 12.6.1 Water Based Type 12.6.2 Solvent Based Type 12.7 Basis Point Share (BPS) Analysis by Types 12.8 Absolute $ Opportunity Assessment by Types 12.9 Market Attractiveness Analysis by Types 12.10 Asia Pacific Anode Binders Market Size Forecast by Application 12.10.1 Silicon-based Anodes 12.10.2 Graphite-based Anodes 12.11 Basis Point Share (BPS) Analysis by Application 12.12 Absolute $ Opportunity Assessment by Application 12.13 Market Attractiveness Analysis by Application 12.14 Asia Pacific Anode Binders Market Size Forecast by End 12.14.1 Li-ion Battery 12.14.2 NI-MH Battery 12.14.3 and Others 12.15 Basis Point Share (BPS) Analysis by End 12.16 Absolute $ Opportunity Assessment by End 12.17 Market Attractiveness Analysis by End Chapter 13 Latin America Anode Binders Analysis and Forecast 13.1 Introduction 13.2 Latin America Anode Binders Market Size Forecast by Country 13.2.1 Brazil 13.2.2 Mexico 13.2.3 Rest of Latin America (LATAM) 13.3 Basis Point Share (BPS) Analysis by Country 13.4 Absolute $ Opportunity Assessment by Country 13.5 Market Attractiveness Analysis by Country 13.6 Latin America Anode Binders Market Size Forecast by Types 13.6.1 Water Based Type 13.6.2 Solvent Based Type 13.7 Basis Point Share (BPS) Analysis by Types 13.8 Absolute $ Opportunity Assessment by Types 13.9 Market Attractiveness Analysis by Types 13.10 Latin America Anode Binders Market Size Forecast by Application 13.10.1 Silicon-based Anodes 13.10.2 Graphite-based Anodes 13.11 Basis Point Share (BPS) Analysis by Application 13.12 Absolute $ Opportunity Assessment by Application 13.13 Market Attractiveness Analysis by Application 13.14 Latin America Anode Binders Market Size Forecast by End 13.14.1 Li-ion Battery 13.14.2 NI-MH Battery 13.14.3 and Others 13.15 Basis Point Share (BPS) Analysis by End 13.16 Absolute $ Opportunity Assessment by End 13.17 Market Attractiveness Analysis by End Chapter 14 Middle East & Africa (MEA) Anode Binders Analysis and Forecast 14.1 Introduction 14.2 Middle East & Africa (MEA) Anode Binders Market Size Forecast by Country 14.2.1 Saudi Arabia 14.2.2 South Africa 14.2.3 UAE 14.2.4 Rest of Middle East & Africa (MEA) 14.3 Basis Point Share (BPS) Analysis by Country 14.4 Absolute $ Opportunity Assessment by Country 14.5 Market Attractiveness Analysis by Country 14.6 Middle East & Africa (MEA) Anode Binders Market Size Forecast by Types 14.6.1 Water Based Type 14.6.2 Solvent Based Type 14.7 Basis Point Share (BPS) Analysis by Types 14.8 Absolute $ Opportunity Assessment by Types 14.9 Market Attractiveness Analysis by Types 14.10 Middle East & Africa (MEA) Anode Binders Market Size Forecast by Application 14.10.1 Silicon-based Anodes 14.10.2 Graphite-based Anodes 14.11 Basis Point Share (BPS) Analysis by Application 14.12 Absolute $ Opportunity Assessment by Application 14.13 Market Attractiveness Analysis by Application 14.14 Middle East & Africa (MEA) Anode Binders Market Size Forecast by End 14.14.1 Li-ion Battery 14.14.2 NI-MH Battery 14.14.3 and Others 14.15 Basis Point Share (BPS) Analysis by End 14.16 Absolute $ Opportunity Assessment by End 14.17 Market Attractiveness Analysis by End Chapter 15 Competition Landscape 15.1 Anode Binders Market: Competitive Dashboard 15.2 Global Anode Binders Market: Market Share Analysis, 2019 15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 15.3.1 Ashland 15.3.2 BASF SE 15.3.3 Daxin Materials Corp 15.3.4 Solvay 15.3.5 APV Engineered Coatings 15.3.6 HiNa Battery Technology Co., Ltd. 15.3.7 FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY CO., LTD. 15.3.8 JSR Corporation 15.3.9 SHOWA DENKO K.K. 15.3.10 ZEON CORPORATION
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Major Manufactures include 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., and ZEON CORPORATION.
The base year considered for the global Anode Binders market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
The market is expected to witness growth with decline in terms of demand during 2019-2020 owing to the negative impact of COVID-19 pandemic on the Anode Binders market.
The Anode Binders market is anticipated to grow significantly during forecast period due to growing popularity of wearable technology. Moreover, due to Increasing Demand for Water-based Anode Binders.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the Anode Binders market is available in final report.
According to this Growth Market Reports, the market from Anode Binders market is likely to register a CAGR of 21.7% during forecast period 2020-2027, with an anticipated valuation of USD 959.7 million by the end of the 2027.
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