the global Binders for Lithium Ion Batteries market size is projected to reach USD 9.03 billion by 2029

Binder materials are polymer compounds which have an important role in the batteries. Binders for lithium ion batteries responsible for holding the active material particles within the electrode of a lithium-ion battery (LIB) together to maintain a strong connection between the electrode and the contacts. PVDF resins are as raw materials used by high-voltage operation. PVDF requires NMP (N Methyl 2-pyrrolidone) as a solvent and offers the possibility of high voltage operation. PVDF is also electrochemically stable in contact with electrolyte mixtures.

According to the new market research report “Global Binders for Lithium Ion Batteries Market Report 2023-2029”, published by GlobalInfoResearch, the global Binders for Lithium Ion Batteries market size is projected to reach USD 9.03 billion by 2029, at a CAGR of 31.1% during the forecast period.

• Global Binders for Lithium Ion Batteries MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Binders for Lithium Ion Batteries Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

• Global Binders for Lithium Ion Batteries Top7Players Ranking and Market Share（Based on data of 2021, Continually updated）

Source: GlobalInfoResearch, “Global Binders for Lithium Ion Batteries Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

The global key manufacturers of Binders for Lithium Ion Batteries include Kureha, Arkema, Solvay, Zhejiang Fluorine Chemical, Sinochem Lantian, etc. In 2021, the global top four players had a share approximately 81.0% in terms of revenue.

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