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) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Anode Binders 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.
Anode Binders 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.
Anode Binders Market 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
Video Summary for Anode Binders Market :
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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