Anode Binders Market Analysis, Revenue, Price, Market Share, Growth Rate, Forecast To 2027

By Author: Himanshi Arya
Total Articles: 68
Comment this article

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.

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.

Enquiry Request About This Report@ https://growthmarketreports.com/enquiry-before-buying/328?utm_source=123articleonline&utm_medium=referral&utm_campaign=himanshi-a_mc_25-feb-22&utm_term=anode-binders-market&utm_content=enquiry_before_buying

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.

Special Pricing @ https://growthmarketreports.com/speak-with-analyst/328?utm_source=123articleonline&utm_medium=referral&utm_campaign=himanshi-a_mc_25-feb-22&utm_term=anode-binders-market&utm_content=special_pricing

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

About Growth Market Reports:
GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.

Contact:
Growth Market Reports
Phone: +1 909 414 1393
Email: sales@growthmarketreports.com
Web: https://growthmarketreports.com
Follow Us: LinkedIn | Twitter