The global lithium ion battery binders market is anticipated to grow at a CAGR of 13.5% during the forecast period (2021-2027). The increasing rate of lithium ion battery production facility expansion is anticipated to create demand for lithium ion battery binders which in turn will drive the market growth. For instance, in April 2021, Lithium-ion battery pack manufacturer Lohum announced its plans to invest up to $0.34 million in the next three years to enhance its capacity with plans to foray into electric four-wheeler battery segment. With this the company’s manufacturing capacity of 300 megawatt-hours per annum, is anticipated to reach “gigawatt-hour scale” to respond to the surge in demand from the electric vehicles segment.
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Further, in January 2020, Automotive Electronics Power Private Ltd. (AEPPL), a joint venture between Japanese majors Toshiba, Denso, and Suzuki announced to invest $510 million in the second phase of its lithium-ion battery production facility at Hansalpur, Gujarat. Additionally, in December 2020, Tata Chemicals Ltd. had announced its plans to start building a manufacturing facility for lithium-ion cells in Gujarat seeking incentives under the Production Linked Incentive Scheme (PLI) scheme. Such huge investment in lithium ion battery production facilities is anticipated to drive the market growth.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Ø Segment Covered-
· By Type
· By End-User Industry
Ø Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
· Competitive Landscape- BASF SE, Arkema SA, SAMSUNG SDI CO., LTD., Solvay SA, Targray Technology International Inc., TDK Corp., and so on
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Global Lithium Ion Battery Binders Market Report Segment
By Type
· Cathode Binder
· Anode Binder
By End-User Industry
· Consumer Electronics
· Automobile
· Aerospace & Defense
· Others
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
