Product Code: MC01801SS
“The Asia-Pacific Binders in Battery Market (excluding China) Expected to Reach $1,550.6 Million by 2031.”
Introduction to Asia-Pacific Binders in Battery Market
The Asia-Pacific binders in battery market (excluding China) is projected to reach $1,550.6 million by 2031 from $485.4 million in 2022, growing at a CAGR of 13.78% during the forecast period 2022-2031. The growth in the binders in battery market is anticipated to be propelled by the rising sales of electric vehicles and increased investments in battery installations within the renewable energy sector. Despite these positive drivers, impediments to market growth include challenges associated with the development of binder-free electrodes and the ongoing pressure to uphold quality standards.
KEY MARKET STATISTICS |
Forecast Period | 2022 - 2031 |
2022 Evaluation | $485.4 Million |
2031 Forecast | $1,550.6 Million |
CAGR | 13.78% |
Market Introduction
The APAC Binders in Battery Market is set for substantial growth, driven by the increasing demand for electric vehicles (EVs) and significant investments in renewable energy storage systems. With a rise in EV sales and a focus on sustainable energy solutions, the market for battery binders is expected to experience strong expansion in the Asia-Pacific region. Binders play a pivotal role in enhancing the performance and lifespan of batteries, making them a crucial element in the evolving landscape of electric mobility and renewable energy initiatives. Nevertheless, challenges like developing binder-free electrodes and the continuous need to uphold high-quality standards may present obstacles to market growth. As APAC remains at the forefront of adopting green technologies, the Binders in Battery Market is poised for notable advancement to meet the growing demand for energy storage solutions.
Market Segmentation
Segmentation 1: by End-Use Industry
- Automotive and Transportation
- Energy and Power
- Consumer Electronics
- Others
Segmentation 2: by Process
- Solvent Based
- Water Based
Segmentation 3: by Binder Chemistry
- Styrene Butadiene Rubber (SBR)
- Polyvinylidene Fluoride (PVDF)
- Carboxymethyl Cellulose (CMC)
- Polytetrafluoroethylene (PTFE)
- Others
Segmentation 4: by Battery Type
- Lithium-ion
- Nickel Metal Hydride
- Lead Acid
- Others
Segmentation 5: by Region
- Asia-Pacific and Japan - Japan, South Korea, India, and Rest-of-Asia-Pacific and Japan
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader to understand the different types of binders available for batteries and their potential. Moreover, the study provides the reader with a detailed understanding of the different binder chemistry, namely, polyvinylidene fluoride, styrene-butadiene rubber, carboxymethyl cellulose, polytetrafluoroethylene, and others.
Growth/Marketing Strategy: Business expansion, partnership, collaboration, and joint venture are some key strategies adopted by key players operating in the space.
Competitive Strategy: Key players in the APAC binders in battery market analyzed and profiled in the study involve binder providers. Moreover, a detailed competitive benchmarking of the players operating in the APAC binders in battery market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Key Companies Profiled:
- KUREHA CORPORATION
- DAIKIN INDUSTRIES, Ltd.
- Resonac Holdings Corporation
- ZEON CORPORATION
|
- FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY CO., LTD.
- I.S.T Corporation
- Sicona Battery Technologies
|
Table of Contents
Executive Summary
Scope of the Study
1. Markets
- 1.1. Industry Outlook
- 1.1.1. Trends: Current and Future
- 1.1.1.1. Focus on Water Based Battery Binders
- 1.1.1.2. Increasing Customer Awareness regarding Electric Vehicles
- 1.1.2. Supply Chain Network/MAP
- 1.1.3. Value Chain Analysis
- 1.1.4. Impact of COVID-19 on the Binders in Battery Market
- 1.1.5. Ecosystem/Ongoing Programs
- 1.1.5.1. Consortiums and Associations
- 1.1.5.2. Regulatory Bodies
- 1.1.5.3. Government Programs
- 1.2. Business Dynamics
- 1.2.1. Business Drivers
- 1.2.1.1. Increasing Demand for Electric Vehicles
- 1.2.1.2. Growing Investments and Installations in Renewable Energy Sector
- 1.2.1.3. Improved Battery Performance due to Advance Multifunctional Binders
- 1.2.2. Business Challenges
- 1.2.2.1. Highly Competitive Market Creating Constant Pressure to Maintain High Performance and Quality of Binders at Competitive Price
- 1.2.2.2. Development of Binder Free Electrode Technologies for Advance Batteries
- 1.2.3. Business Opportunities
- 1.2.3.1. Integration of Internet of Things (IoT) and Artificial Intelligence (AI) Technologies in Consumer Electronics
- 1.2.3.2. Increasing Awareness about Bio-Based Products
- 1.2.4. Business Strategies
- 1.2.4.1. Product Development
- 1.2.4.2. Market Development
- 1.2.5. Corporate Strategies
- 1.2.5.1. Partnerships, Collaborations, and Joint Ventures
- 1.3. Snapshots of Battery Manufacturing Equipment's Market
- 1.4. Start-Up Landscape
2. Region
- 2.1. China
- 2.1.1. Market
- 2.1.1.1. Buyer Attributes
- 2.1.1.2. Key Manufacturers/Suppliers in China
- 2.1.1.3. Business Challenges
- 2.1.1.4. Business Drivers
- 2.1.2. Application
- 2.1.3. Product
- 2.2. Asia-Pacific and Japan
- 2.2.1. Market
- 2.2.1.1. Key Manufacturers/Suppliers in Asia-Pacific and Japan
- 2.2.1.2. Business Challenges
- 2.2.1.3. Business Drivers
- 2.2.2. Application
- 2.2.3. Product
- 2.2.4. Asia-Pacific and Japan: Country-Level Analysis
- 2.2.4.1. Japan
- 2.2.4.1.1. Market
- 2.2.4.1.1.1. Buyer Attributes
- 2.2.4.1.1.2. Key Manufacturers/Suppliers in Japan
- 2.2.4.1.1.3. Business Challenges
- 2.2.4.1.1.4. Business Drivers
- 2.2.4.1.2. Application
- 2.2.4.1.3. Product
- 2.2.4.2. South Korea
- 2.2.4.2.1. Market
- 2.2.4.2.1.1. Buyer Attributes
- 2.2.4.2.1.2. Key Manufacturers/Suppliers in South Korea
- 2.2.4.2.1.3. Business Challenges
- 2.2.4.2.1.4. Business Drivers
- 2.2.4.2.2. Application
- 2.2.4.2.3. Product
- 2.2.4.3. India
- 2.2.4.3.1. Market
- 2.2.4.3.1.1. Buyer Attributes
- 2.2.4.3.1.2. Key Manufacturers/Suppliers in India
- 2.2.4.3.1.3. Business Challenges
- 2.2.4.3.1.4. Business Drivers
- 2.2.4.3.2. Application
- 2.2.4.3.3. Product
- 2.2.4.4. Rest-of-Asia-Pacific and Japan
- 2.2.4.4.1. Market
- 2.2.4.4.1.1. Buyer Attributes
- 2.2.4.4.1.2. Key Manufacturers/Suppliers in the Rest-of-Asia-Pacific and Japan
- 2.2.4.4.1.3. Business Challenges
- 2.2.4.4.1.4. Business Drivers
- 2.2.4.4.2. Application
- 2.2.4.4.3. Product
3. Markets - Competitive Benchmarking & Company Profiles
- 3.1. Competitive Benchmarking
- 3.1.1. Competitive Position Matrix
- 3.1.2. Product Matrix for Key Companies
- 3.1.3. Market Share Analysis
- 3.2. Company Profiles
- 3.2.1. KUREHA CORPORATION
- 3.2.1.1. Company Overview
- 3.2.1.1.1. Role of KUREHA CORPORATION in the Binders in Battery Market
- 3.2.1.1.2. Product Portfolio
- 3.2.1.1.3. Business Strategies
- 3.2.1.1.3.1. Market Development
- 3.2.1.1.4. R&D Analysis
- 3.2.1.1.5. Analyst View
- 3.2.2. Resonac Holdings Corporation
- 3.2.2.1. Company Overview
- 3.2.2.1.1. Role of Resonac Holdings Corporation in the Binders in Battery Market
- 3.2.2.1.2. Product Portfolio
- 3.2.2.1.3. Business Strategies
- 3.2.2.1.3.1. Product Development
- 3.2.2.1.4. Corporate Strategies
- 3.2.2.1.4.1. Partnerships, Collaborations, and Joint Ventures
- 3.2.2.1.5. R&D Analysis
- 3.2.2.1.6. Analyst View
- 3.2.3. DAIKIN INDUSTRIES, Ltd.
- 3.2.3.1. Company Overview
- 3.2.3.1.1. Role of DAIKIN INDUSTRIES, Ltd. in the Binders in Battery Market
- 3.2.3.1.2. Product Portfolio
- 3.2.3.1.3. R&D Analysis
- 3.2.3.1.4. Analyst View
- 3.2.4. ZEON CORPORATION
- 3.2.4.1. Company Overview
- 3.2.4.1.1. Role of ZEON CORPORATION in the Binders in Battery Market
- 3.2.4.1.2. Product Portfolio
- 3.2.4.1.3. R&D Analysis
- 3.2.4.1.4. Analyst View
- 3.2.5. FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY CO., LTD.
- 3.2.5.1. Company Overview
- 3.2.5.1.1. Role of FUJIAN BLUE OCEAN & BLACK STONE TECHNOLOGY CO., LTD. in the Binders in Battery Market
- 3.2.5.1.2. Product Portfolio
- 3.2.5.1.3. Business Strategies
- 3.2.5.1.3.1. Product Development
- 3.2.5.1.4. Analyst View
- 3.2.6. I.S.T Corporation
- 3.2.6.1. Company Overview
- 3.2.6.1.1. Role of I.S.T Corporation in the Binders in Battery Market
- 3.2.6.1.2. Product Portfolio
- 3.2.6.1.3. Analyst View
- 3.2.7. Sicona Battery Technologies
- 3.2.7.1. Company Overview
- 3.2.7.1.1. Role of Sicona Battery Technologies in the Binder in Battery Market
- 3.2.7.1.2. Product Portfolio
- 3.2.7.1.3. Business Strategies
- 3.2.7.1.3.1. Market Development
- 3.2.7.1.4. Corporate Strategies
- 3.2.7.1.4.1. Partnerships, Collaborations, and Joint Ventures
- 3.2.7.1.5. Analyst View
4. Research Methodology
- 4.1. Primary Data Sources
- 4.2. Secondary Data Sources
- 4.3. Top-Down and Bottom-Up Approach
- 4.4. Assumptions and Limitations