According to a market report by Lucintel, the future of the anode binder market looks promising with opportunities in the silicon-based anode and graphite-based anode applications. The global anode binder market is expected to reach an estimated $1.87 billion by 2028 with a CAGR of 9.3% from 2023 to 2028. The major drivers for this market are growing demand for lithium-ion battery based electric vehicles and expanding usage of anode binders as a solvent replacement in the manufacture of batteries.
In this market, water and solvent are the two types of anode binder used by various end use industries. Lucintel forecasts that water is expected to witness higher growth over the forecast period due to the significant application of water based binders in lithium-ion batteries because they ensure excellent ionic conductivity and improved cell performance. Also, water based binders are cost effective and environmental-friendly.
Within this market, silicon-based anode is expected to remain the larger application segment due to the increasing use of these anodes in li-ion batteries used in electric vehicle batteries owing to its high volumetric and gravimetric capacity.
North America is expected to witness the highest growth over the forecast period due to significant growth in the automotive, energy storage, and consumer electronics industries, supportive investments by governments for the research and development of these binders, and presence of key manufacturers in the region.
Ashland, BASF SE, Daxin Materials Corp, Solvay, and APV Engineered Coatings are the major suppliers in the global anode binder market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global anode binder market by product type, application, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Anode Binder Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global anode binder market by product type, application, end use industry, and region, as follows:
Anode Binder Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Anode Binder Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Silicon-Based Anodes
Graphite-Based Anodes
Anode Binder Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
Li-Ion Batteries
NI-MH Batteries
Others
Anode Binder Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global
Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis,
Growth Consulting, M&A, and
Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit
www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global anode binder market by product type (water and solvent), application (silicon-based anodes and graphite-based anodes), end use industry (Li-ion batteries, NI-MH batteries, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?