Emerging Technology Market Intelligence Blog

Binders in Battery Market Drivers, Key Players, Future Outlook| BIS Research

Written by BIS Research | Oct 4, 2024 9:59:44 AM

In battery technology, binders are materials used to hold together the active materials (such as electrodes) within a battery cell, ensuring structural integrity during charge and discharge cycles. Binders provide mechanical support by binding particles of the electrode material to each other and to the current collector. 

They play a crucial role in maintaining the stability and efficiency of the battery over time, particularly in lithium-ion and other rechargeable batteries.

According to BIS Research, the global binders in battery market is projected to reach $6,057.1 million by 2031 from $2,265.9 million in 2022, growing at a CAGR of 11.54% during the forecast period 2022-2031. 

Binders in Battery Overview

They act as adhesive agents that hold the active materials, conductive additives, and current collectors together, ensuring that the electrode maintains its form and functionality during repeated charge and discharge cycles. The choice of binder material directly influences the electrochemical stability, mechanical strength, and overall efficiency of the battery.

Uses of Binders in Battery   

Structural Integrity 

Adhesion to current collectors 

Mechanical Strength 

Chemical Stability 

Enhanced Electrochemical Performance 

Reduction of Material Loss 

Market Demand Drivers 

  • Increasing Demand for Electric Vehicles
  • Growing Investments and Installations in Renewable Energy Sector
  • Improved Battery Performance due to Advance Multifunctional Binders

 

The market is expected to face some limitations too due to the following challenges:

  • Highly Competitive Market Creating Constant Pressure to Maintain High Performance and Quality of Binders at Competitive Price
  • Development of Binder Free Electrode Technologies for Advance Batteries

 

Market Segmentation 

1 By End Users

Global Binders in Battery Market (by End-Use Industry), $Million, 2021 and 2031 

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  • Automotive and Transportation
  • Energy and Power
  • Consumer Electronics
  • Others

2 By Process 

  • Solvent Based 
  • Water Based 

 

3 By Binders Capacity 

  • Styrene Butadiene Rubber (SBR)
  • Polyvinylidene Fluoride (PVDF)
  • Carboxymethyl Cellulose (CMC)
  • Polytetrafluoroethylene (PTFE)

 

 

Key Players 

  • Arkema
  • The Lubrizol Corporation
  • KUREHA CORPORATION
  • Resonac Holdings Corporation
  • APV Engineered Coatings
  • DAIKIN INDUSTRIES, Ltd.
  • DuPont
  • ZEON CORPORATION

Binders in Battery Future Outlook 

The future outlook for binders in the battery market focuses on several key trends and developments

Conductive Binders - Traditional binders are often non-conductive, which can impede the battery's overall performance. Research is focusing on developing conductive binders that not only provide structural support but also contribute to the battery's electrical conductivity, improving efficiency and energy output.

Next-Generation Binders for High-Performance Batteries: As battery chemistries evolve (e.g., solid-state batteries, silicon anodes, and lithium-sulfur batteries), there is a growing need for binders that can withstand extreme conditions such as greater electrode volume expansion and high voltage operation. 

Water-Based and Eco-Friendly Binders: There is an increasing push toward using sustainable, environmentally friendly materials in battery production. This includes water-based binders like carboxymethyl cellulose (CMC) and styrene-butadiene rubber (SBR) as alternatives to solvent-based binders like PVDF, which emit volatile organic compounds (VOCs).

Cost Optimization and Scalability- As the global demand for batteries grows, especially in the EV sector, manufacturers are seeking cost-effective solutions that can be produced at scale. The development of cheaper and more efficient binder materials will play a critical role in reducing overall battery production costs without sacrificing performance.

Advanced Functional Binders - In addition to structural support, future binders may offer other functional benefits, such as improving ionic conductivity, reducing interfacial resistance, and enhancing electrode-electrolyte compatibility.

The future of binders in the battery market is promising, with continued research and innovation leading to more efficient, sustainable, and cost-effective solutions. As battery technology advances, binders will play a critical role in enabling the next generation of high-performance energy storage systems.

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Conclusion

Binders are a critical yet often overlooked component in battery technology, playing a vital role in maintaining the structural integrity, chemical stability, and overall performance of batteries.  As the demand for advanced batteries increases, particularly for electric vehicles, renewable energy storage, and portable electronics, the need for high-performance, flexible, and environmentally friendly binders becomes more pronounced.Ongoing research and innovation in binder materials, including conductive, eco-friendly, and custom solutions for emerging battery chemistries, are essential for enhancing energy density, cycle life, and cost-efficiency.