Published on: May 2022
Market elevation of Lithium Ion Battery Binders
During the projected period, from 2021 to 2031, the international lithium-ion battery binders industry is projected to expand at a CAGR of 15.6 percent. The rise in global demand for consumer electronics has resulted in a significant increase in the usage of lithium-ion battery binders, which is expected to boost global sales during the forecast period. During the projection period, demands from the automotive and transportation industries are expected to increase significantly. As a result, as the number of electric cars on the road grows, demand for lithium-ion battery binders is expected to climb. By 2031, the market is expected to be worth more than US$ 10.15 billion.
All guns blazing with the key players in the market for Lithium Ion Battery Binders
BASF SE, Arkema SA, Solvay SA, Zeon Corp., APV Engineered Coatings, Inc., and others are among the major participants in the lithium-ion battery binder market. Those key market players are concentrating their efforts on the development and significant expenditure in R&D of modern binding technologies. Furthermore, to increase their market share, the major competitors in the lithium-ion battery binder market are actively engaging in organic and inorganic market activities.
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