"The Global Binder in Lithium Ion Batteries Market Size was valued at USD 2.6 billion in 2024 and is projected to reach USD 3.0 billion in 2025. Worldwide sales of Binder in Lithium Ion Batteries are expected to grow at a significant CAGR of 18.9%, reaching USD 14.7 billion by the end of the forecast period in 2034."
Introduction and Overview of Binder in Lithium-Ion Batteries Market
The Binder in Lithium-Ion Batteries market is integral to the rapidly expanding global energy storage and electric mobility ecosystems. Binders serve as critical adhesive agents that hold together active materials, conductive additives, and current collectors in battery electrodes. They ensure mechanical stability, facilitate ionic transport, and enhance cycle life—enabling better performance and safety across EVs, portable electronics, and grid-scale storage systems. As lithium-ion battery usage proliferates, driven by the shift toward EVs, renewable energy storage, and consumer electronics, binder performance requirements have become more stringent. With concerns like capacity fade, fast charging, and high-temperature stability at the forefront, demand is rising for binders that deliver high adhesion, chemical resistance, and conductivity, without compromising environmental and cost considerations. The market is now evolving beyond traditional PVDF binders to include water-based alternatives and engineered polymer blends that offer improved process efficiency and reduced reliance on hazardous solvents.
Going forward, the Binder in Lithium-Ion Batteries market is poised for significant growth through 2025 and beyond as next-generation chemistries—such as high-nickel cathodes, silicon-rich anodes, and solid-state electrolytes—enter large-scale production. These systems require advanced binder formulations capable of accommodating volumetric expansion, maintaining interfacial integrity, and ensuring long-term reliability under rigorous cycling and environmental stresses. Sustainability concerns and stricter VOC emissions regulations are prompting manufacturers toward aqueous binder systems like CMC/SBR, alginates, and novel biodegradable polymers. Furthermore, binder producers are forming strategic partnerships with battery manufacturers and chemical suppliers to co-develop application-specific solutions that enhance electrode performance and facilitate process optimization. Regional variation in binder adoption is notable: Asia-Pacific, led by China, Japan, and South Korea, dominates production and R&D, while North America and Europe focus on sustainable alternatives and high-energy battery platforms. As global binder production scales and R&D efforts accelerate, binder technology will play a central role in determining the efficiency, cost-effectiveness, and environmental footprint of future lithium-ion batteries.
Key insights
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High-nickel cathode materials used in modern EVs demand binders with strong adhesion, thermal stability, and chemical resistance. Binder formulations combining PVDF with functional polymers or ceramic additives improve interface binding and suppress capacity degradation under high-voltage conditions.
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Silicon-dominant anodes suffer from substantial volumetric expansion during charging cycles; advanced binders such as sodium alginate or CMC/SBR composites are engineered to form elastic electrode networks that accommodate dimensional changes and maintain conductivity.
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Water-based binder systems combining CMC and SBR are gaining traction due to their low solvent emissions, cost-effectiveness, and performance advantages. These aqueous binders support eco-friendly processing and align with stricter VOC and solvent emission regulations globally.
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Binders tailored for fast-charging applications must exhibit high ionic conductivity, mechanical robustness, and interfacial stability. Novel polymer chemistries are being developed to facilitate rapid lithium-ion transport and reduce electrode polarization during high-current pulses.
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Solid-state batteries, which eliminate liquid electrolytes, require binders capable of holding solid electrolyte particles and active materials together. Polymer-ceramic hybrid binders are under development to support ionic conduction and mitigate interface degradation.
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Anode–cathode cross-contamination during high-temperature operations highlights the need for thermally stable binders. Fluorinated polymers and heat-resistant blends are being adopted to enhance cell safety and longevity in extreme conditions.
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Binder improvements contribute to first-cycle Coulombic efficiency gains, reducing irreversible capacity loss. Optimizing binder–active material interfaces can increase practical battery energy density, supporting EV range extension without increasing cell size.
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Tailored binder particle size distribution and molecular weight control play a critical role in slurry rheology, coating uniformity, and electrode porosity. These characteristics directly impact cell manufacturing efficiency and final battery performance.
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Binder manufacturers are investing in scalable production methods, including solvent-free processing and binder recycling. Consolidation in the binder supply chain through joint ventures enhances raw-material security and reduces production costs.
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Next-gen biologically-derived binders from renewable sources, such as cellulose derivatives or plant-based polymers, are emerging as environmentally friendly alternatives. While currently niche, these binders offer long-term potential for reducing battery carbon footprint.
Market Players
Arkema S.A.
Solvay S.A.
ZEON Corporation
Ashland Global Holdings Inc.
JSR Corporation
Kureha Corporation
APV Engineered Coatings
Targray Technology International Inc.
Sartomer (a business unit of Arkema)
BASF SE
Nippon Shokubai Co., Ltd.
UBE Corporation
Sichuan Yongfa Electronic Materials Co., Ltd.
Report Scope
| Parameter | Detail |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2026-2032 |
| Market Size-Units | USD billion |
| Market Splits Covered | By Type, By Application and By End-User |
| Countries Covered | North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA) |
| Analysis Covered | Latest Trends, Driving Factors, Challenges, Trade Analysis, Price Analysis, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
| Customization | 10% free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
| Post-Sale Support | 4 analyst hours, available up to 4 weeks |
| Delivery Format | The Latest Updated PDF and Excel Datafile |
Market Segmentation
By Type
- Cathode binders
- Anode binders
By Application
- Power battery
- Energy storage battery
- Digital battery
- Others
By End Use
- Consumer Electronics
- Automotive & Transportation
- Energy Storage System
- Others
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Recent Developments
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September 2024 Toagosei announced an expansion of its Nagoya plant’s manufacturing facilities to support lithium‑ion battery binders, aiming for a 142 GWh‑equivalent production capacity by October 2026, aligned with national efforts to secure supply for EV batteries.
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March 2025 BASF scaled up production of its Licity® waterborne anode binders in the United States, adding manufacturing in Pennsylvania and Tennessee. This expansion ensures local supply for EV and energy storage systems while supporting global binder distribution networks.
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April 2025 Denso, in partnership with Sumitomo Chemical, initiated joint development of new lithium‑ion battery binders. The collaboration aims to enhance binder performance, stability, and cost-effectiveness for next‑generation EV and industrial energy storage applications.
1. Table of Contents
1.1 List of Tables
1.2 List of Figures
2. Binder in Lithium Ion Batteries Market Latest Trends, Drivers and Challenges, 2024- 2032
2.1 Binder in Lithium Ion Batteries Market Overview
2.2 Market Strategies of Leading Binder in Lithium Ion Batteries Companies
2.3 Binder in Lithium Ion Batteries Market Insights, 2024- 2032
2.3.1 Leading Binder in Lithium Ion Batteries Types, 2024- 2032
2.3.2 Leading Binder in Lithium Ion Batteries End-User industries, 2024- 2032
2.3.3 Fast-Growing countries for Binder in Lithium Ion Batteries sales, 2024- 2032
2.4 Binder in Lithium Ion Batteries Market Drivers and Restraints
2.4.1 Binder in Lithium Ion Batteries Demand Drivers to 2032
2.4.2 Binder in Lithium Ion Batteries Challenges to 2032
2.5 Binder in Lithium Ion Batteries Market- Five Forces Analysis
2.5.1 Binder in Lithium Ion Batteries Industry Attractiveness Index, 2024
2.5.2 Threat of New Entrants
2.5.3 Bargaining Power of Suppliers
2.5.4 Bargaining Power of Buyers
2.5.5 Intensity of Competitive Rivalry
2.5.6 Threat of Substitutes
3. Global Binder in Lithium Ion Batteries Market Value, Market Share, and Forecast to 2032
3.1 Global Binder in Lithium Ion Batteries Market Overview, 2024
3.2 Global Binder in Lithium Ion Batteries Market Revenue and Forecast, 2024- 2032 (US$ Million)
3.3 Global Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
3.3.1 Cathode binders
3.3.2 Anode binders
3.4 Global Binder in Lithium Ion Batteries Market Size and Share Outlook By Application, 2024- 2032
3.4.1 Fruits & Vegetables
3.4.2 Tea leaves
3.4.3 Coffee beans
3.4.4 Coconut water
3.5 Global Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
3.5.1 Power battery
3.5.2 Energy storage battery
3.5.3 Digital battery
3.5.4 Others
3.6 Global Binder in Lithium Ion Batteries Market Size and Share Outlook By End Use, 2024- 2032
3.6.1 Consumer Electronics
3.6.2 Automotive & Transportation
3.6.3 Energy Storage System
3.6.4 Others
3.7 Global Binder in Lithium Ion Batteries Market Size and Share Outlook by Region, 2024- 2032
4. Asia Pacific Binder in Lithium Ion Batteries Market Value, Market Share and Forecast to 2032
4.1 Asia Pacific Binder in Lithium Ion Batteries Market Overview, 2024
4.2 Asia Pacific Binder in Lithium Ion Batteries Market Revenue and Forecast, 2024- 2032 (US$ Million)
4.3 Asia Pacific Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
4.4 Asia Pacific Binder in Lithium Ion Batteries Market Size and Share Outlook By Application, 2024- 2032
4.5 Asia Pacific Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
4.6 Asia Pacific Binder in Lithium Ion Batteries Market Size and Share Outlook By End Use, 2024- 2032
4.7 Asia Pacific Binder in Lithium Ion Batteries Market Size and Share Outlook by Country, 2024- 2032
4.8 Key Companies in Asia Pacific Binder in Lithium Ion Batteries Market
5. Europe Binder in Lithium Ion Batteries Market Value, Market Share, and Forecast to 2032
5.1 Europe Binder in Lithium Ion Batteries Market Overview, 2024
5.2 Europe Binder in Lithium Ion Batteries Market Revenue and Forecast, 2024- 2032 (US$ Million)
5.3 Europe Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
5.4 Europe Binder in Lithium Ion Batteries Market Size and Share Outlook By Application, 2024- 2032
5.5 Europe Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
5.6 Europe Binder in Lithium Ion Batteries Market Size and Share Outlook By End Use, 2024- 2032
5.7 Europe Binder in Lithium Ion Batteries Market Size and Share Outlook by Country, 2024- 2032
5.8 Key Companies in Europe Binder in Lithium Ion Batteries Market
6. North America Binder in Lithium Ion Batteries Market Value, Market Share and Forecast to 2032
6.1 North America Binder in Lithium Ion Batteries Market Overview, 2024
6.2 North America Binder in Lithium Ion Batteries Market Revenue and Forecast, 2024- 2032 (US$ Million)
6.3 North America Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
6.4 North America Binder in Lithium Ion Batteries Market Size and Share Outlook By Application, 2024- 2032
6.5 North America Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
6.6 North America Binder in Lithium Ion Batteries Market Size and Share Outlook By End Use, 2024- 2032
6.7 North America Binder in Lithium Ion Batteries Market Size and Share Outlook by Country, 2024- 2032
6.8 Key Companies in North America Binder in Lithium Ion Batteries Market
7. South and Central America Binder in Lithium Ion Batteries Market Value, Market Share and Forecast to 2032
7.1 South and Central America Binder in Lithium Ion Batteries Market Overview, 2024
7.2 South and Central America Binder in Lithium Ion Batteries Market Revenue and Forecast, 2024- 2032 (US$ Million)
7.3 South and Central America Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
7.4 South and Central America Binder in Lithium Ion Batteries Market Size and Share Outlook By Application, 2024- 2032
7.5 South and Central America Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
7.6 South and Central America Binder in Lithium Ion Batteries Market Size and Share Outlook By End Use, 2024- 2032
7.7 South and Central America Binder in Lithium Ion Batteries Market Size and Share Outlook by Country, 2024- 2032
7.8 Key Companies in South and Central America Binder in Lithium Ion Batteries Market
8. Middle East Africa Binder in Lithium Ion Batteries Market Value, Market Share and Forecast to 2032
8.1 Middle East Africa Binder in Lithium Ion Batteries Market Overview, 2024
8.2 Middle East and Africa Binder in Lithium Ion Batteries Market Revenue and Forecast, 2024- 2032 (US$ Million)
8.3 Middle East Africa Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
8.4 Middle East Africa Binder in Lithium Ion Batteries Market Size and Share Outlook By Application, 2024- 2032
8.5 Middle East Africa Binder in Lithium Ion Batteries Market Size and Share Outlook By Type, 2024- 2032
8.6 Middle East Africa Binder in Lithium Ion Batteries Market Size and Share Outlook By End Use, 2024- 2032
8.7 Middle East Africa Binder in Lithium Ion Batteries Market Size and Share Outlook by Country, 2024- 2032
8.8 Key Companies in Middle East Africa Binder in Lithium Ion Batteries Market
9. Binder in Lithium Ion Batteries Market Structure
9.1 Key Players
9.2 Binder in Lithium Ion Batteries Companies - Key Strategies and Financial Analysis
9.2.1 Snapshot
9.2.3 Business Description
9.2.4 Products and Services
9.2.5 Financial Analysis
10. Binder in Lithium Ion Batteries Industry Recent Developments
11 Appendix
11.1 Publisher Expertise
11.2 Research Methodology
11.3 Annual Subscription Plans
11.4 Contact Information
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FAQ's
The Binder in Lithium Ion Batteries Market is estimated to reach USD 10.4 billion by 2032.
The Global Binder in Lithium Ion Batteries Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.9% during the forecast period from 2025 to 2032.
The Global Binder in Lithium Ion Batteries Market is estimated to generate USD 2.6 billion in revenue in 2024.
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