Anode Binders Market

Global Anode Binders Market 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)

  • Report ID: MC-328
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 3
  • No. Of Pages: 268
  • Format:
  • Pub. Date: 11-11-2020
  • Share:

Market Outlook:

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 of 21.7% 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.

Global Anode Binder Market Executive  Summary

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-based anode 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.

Global Anode Binder Market By Types

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.

Global Anode Binder Market By Applications

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.

Global Anode Binder Market By End Use

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.

Global Anode Binder Market By Regions

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
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
Key Segments Covered
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
  • 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.

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers types of Anode Binders such as Water Based Type, Solvent Based Type.

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.

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.

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.

Increasing use of batteries in automotive and energy storages industries is the key applications driving the market growth.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

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 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.

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.