Battery Binder Materials Market

Battery Binder Materials Market Size

The global battery binder materials market was estimated at USD 1.2 billion in 2024. The market is expected to grow from USD 1.4 billion in 2025 to USD 5.7 billion in 2034, at a CAGR of 16.6%.

• Battery binders are specialized polymers in lithium-ion batteries to bind the active material particles within the electrodes and fix them onto current collector foils. Binders act as a "glue", providing mechanical stability, ensuring strong adhesion and cohesion of the components of electrodes on which battery performance and longevity depends.
  
• The growing demand for lithium-ion batteries in the electric vehicle (EVs), portable electronics and renewable energy storage system industries has been a driving factor for the battery binder materials market. High emphasis has been placed on applications requiring energy density, long life cycles, and sustainability, all of which are acting as driving innovations in binder materials.
  
• The demand for lightweight and high-capacity batteries for smartphones, wearables, and portable gadgets generates innovation in binder formulations for smaller designs. For instance, Samsung SDI's development of Silicon Carbon Nanocomposite (SCN) anode materials combining graphite with nanoscale silicon particles that are effective in controlling electrode expansion, reflecting the broad industry demand for optimizing materials' performance.
  
• North America is the largest battery binder materials market. Increased investments in localization of battery supply chains, governmental EV and energy storage projects, and advanced R&D initiatives fuel this rapid growth.
  
• Asia Pacific is the fastest growing market. The area dominance comes as a manufacturing area for lithium-ion batteries, with players such as China, Japan, and South Korea dominating EV battery production, driving government policy, and strong investments in binder R&D. Another major factor contributing to this includes a good presence of international battery players like CATL, Panasonic and LG Chem, availability of raw materials and low-cost production.
  

Battery Binder Materials Market Trends

The battery binder materials industry is growing with increasing adoption of EVs. This creates more demand for lithium-ion batteries and one of their components since there have been boost production of EVs because of government incentives and global emissions regulations. For instance, the U.S. Department of Energy had committed more than USD 25 million between 2022-2024 towards domestic binder manufacturing.

• Battery systems on a large scale are witnessing increased demands with continuous integration of renewable energies into the grid. Maximization in terms of cycle life and storage capacity remains a forte of various binders. For instance, large-scale storage systems such as those by NextEra Energy depend on the binders to remain intact during frequent charge-discharge cycles.
  
• There is a net industry-wide shift preference from solvent-based binders such as N-Methyl-2-pyrrolidone (NMP) towards water-based latex and emulsion polymers. Such change will result in reduced pollution and lower production costs without degrading performance.
  
• Advanced acrylic binders are being developed to promote electrode integrity, mechanical strength, and flexibility in batteries. For example, in 2023, Arkema SA introduced INCELLION range, including waterborne acrylic polymers that allow an increased silicon formulation, which will also assist in the control of volume changes during cycles. These binders will allow longer battery life and better energy density.
  
• Emerging UV-curable binders harden quickly by electron beam or UV radiation and create a cross-linked polymer matrix that provides high adhesion and stability characteristics. Thus, this technology promotes better durability and processing efficiency of the electrodes by reducing processing time and increasing binder performance.
  

Battery Binder Materials Market Analysis

Learn more about the key segments shaping this market

Download Free PDF

• PVDF is widely used as cathode binder because of its chemical properties, adhesion, and electrochemical compatibility. PVDF's ability to withstand harsh chemical environments and maintain electrode integrity over many cycles makes it indispensable for high-energy-density batteries, especially for EV and portable electronics applications.
  
• SBR and CMC are also known as an anode binder as they are often used in combination. This combination can make room for flexibility as silicon and graphite anodes expand in volume. Flexibility and mechanical strength are provided by SBR, while the properties of CMC make possible the water-based processing and friendliness to the environment. The growing usage of water-borne binders has led to an increased contribution to the growth of this segment.
  
• Novel binders such as PAA and hybrid formulations are gaining importance for increasing stability in electrodes, allowing higher silicon contents in anodes, and therefore realizing next-generation battery performance. Development of other specialized commercial binders such as PTFE and UV-curable polymers is underway to meet future battery requirements.

Learn more about the key segments shaping this market

Download Free PDF

Based on application, the battery binder materials market is segmented into cathode and anode binder applications. Cathode binder application holds the largest market share of 59.8% in 2024 and is expected to grow at a CAGR of 16.5% as they are significant for preserving the mechanical integrity of the cathode.

• Cathode binders are crucial for battery performance. The cathode binders consist mainly of polyvinylidene fluoride (PVDF) which is well known for its excellent chemical stability, adhesion, and electrochemical compatibility with cathode materials. It binds the active cathode particles either to each other or to the current collector.
  
• Anode binder’s elasticity and adhesion help counterbalance the enormous volume changes during charge-discharge cycles, helping to prevent electrode degradation and capacity losses. Styrene-butadiene rubber (SBR) and carboxymethyl cellulose (CMC) are the most widely used anode binders. They are typically employed together in water-based systems, mainly to satisfy environmental regulations and promote processability.
  

Based on technology, the battery binder materials market is segmented into solvent-based binder systems, water-based binder systems, hybrid binder systems and next-generation technologies. The market is dominated by solvent-based binder systems with market size of USD 502.9 million in 2024 and is expected to grow at a CAGR of 16.8%.

• NMP-based PVDF solvent binders have long been the industrial standard for cathode applications due to formulating high adhesion and chemical resistance in the past. These binders ensured high integrity of electrodes and delivered strong electrochemical performance. However, their use has almost become obsolete due to environmental concern and regulatory restrictions in Europe and North America.
  
• Water-based binders such as SBR with CMC cause less toxicity, require lower production costs, and achieve safer processing conditions over solvent-based binders, relying maximally on the hazardous solvent N-Methyl-2-pyrrolidone (NMP).
  
• Hybrid binder systems combine features of solvent and water-based features to get an environmentally favored high-performance binder system. This can be achieved via mixtures of PVDF with polymers that are dispersible in aqueous media or by providing modifications aimed at improving adhesion, flexibility, and thermal stability.
  
• Next-generation binder technology consists of UV-cured binders, cross-linked polymers, and biobased materials, developed to increase electrode durability, decrease processing times, and ultimately lower environmental impacts.
  

Based on end use industry, the battery binder materials market is segmented into automotive industry, consumer electronics, energy storage systems and industrial applications. The market is dominated by automotive industry, accounting for about 47% of market share in 2024 and is expected to grow at a CAGR of 16.6%.

• The automotive industry's growth is due to the consumer shift towards EVs. EV batteries require binders that can accommodate high-capacity anodes, prolonging cycle life and guaranteeing safety under harsh conditions. Governmental incentives and strict emission policies globally are accelerating the very impetus for EV acceptance, which in turn boosts binder demand.
  
• Consumer electronics, which include mobile phones, laptops, and wearables, form a segment of significance. These devices require a lightweight and compact battery system with high energy density and fast charging, wherein the binders being offered are highly capable of delivering. Continuous improvements in portable electronics are keeping this segment engaged.
  
• Energy storage systems have an extraordinary market boom as power companies connect intermittent solar and wind. In this sector, battery binders must confer long cycle life and thermal stability, essential to grid reliability. Industrial applications such as aerospace, medical devices, and power tools also need specialized binders designed with durability and safety in mind.

Looking for region specific data?

Download Free PDF

In the battery binder materials market, U.S. accounts the major share in North America by accounting USD 306.3 million in 2024 and is expected to grow at a CAGR of 13.7% by 2034.

• The U.S. remains at the top North American battery binder materials leaderboard with pristine credentials in electric vehicle (EV) and energy storage deployment, a robust manufacturing ecosystem, and hefty investments in the advanced battery supply chains. It has further buttressed the domestic production of advanced adhesives like PVDF and SBR with attractive government incentives, for instance, the investment of USD 3 billion by the U.S. Department of Energy in battery manufacturing.
  
• The clusters of startup activity and innovation-in particular, with respect to electrode binder chemistries and green, water-based technologies-undoubtedly serve as market growth and adaptability engines for emerging requirements coming from the EV, grid, and electronics industries.
  
• Apart from the U.S., Canada also features in the list of major countries within North America in terms of attracting investments in clean technology and concentrating on developing innovative battery materials for sustainability in addition to expansion efforts toward grid storage, therefore creating a solid demand.
  

The market in the Germany is expected to experience significant and promising growth from 2025 to 2034.

• Europe accounts for around 20.2% of the battery binder materials market in 2024. The market is characterized by the aggressive targets for EVs, strong policy support, and gigafactory rollouts, wherein countries such as Germany, France, and Sweden lead in battery manufacturing and binder innovation.
  
• Germany comes out as the largest market as a result of leadership in automotive electrification that drives investments into gigafactories and the presence of key players, such as BASF, to advance binder and cathode material production. The region emphasizes sustainable, water-based binder solutions in response to stringent EU environmental regulations, thus driving innovation within PVDF and CMC chemistries.
  
• Continued growth in advanced manufacturing and ongoing expansion of renewable energy storage drives stable long-term demand for battery binders.
  

The battery binder materials market in China is expected to experience significant and promising growth from 2025 to 2034.

• Rapid growth in the market in Asia Pacific is mainly driven by booming electric vehicle production, government subsidies, and the presence of the world’s largest battery manufacturers in China, Japan, and South Korea. The region is expected to grow with high potential at a CAGR of 17.3%.
  
• The global lithium-ion battery industry is dominated by China. Chinese companies supply 80% of the world’s battery cells, coupled with strong government backing for battery innovation.
  
• Japan and South Korea strengthen regional leadership by further advancing technology and supply chains for high-performance SBR, CMC and PVDF binders to meet the enormous new latency in demand from emerging sectors such as EV, consumer electronics, and grid storage.
  

The battery binder materials market in Brazil is expected to experience significant and promising growth from 2025 to 2034.

• With increased investment in electric vehicle infrastructure, renewable energy projects, and local battery manufacturing, the Latin America battery binder materials industry is growing with a CAGR of 16.5%. The important markets are Brazil, Chile and Argentina, with emphasis on battery applications for grid-level energy storage, EVs, and consumer electronics.
  
• Brazil is the leader in Latin America region, benefiting from government incentives for clean tech and scaling binder production for both domestic consumption and export.
  
• Argentina and Chile are rapidly expanding their roles due to abundant lithium resources and an emerging battery value chain, supporting localized production of both cathode and anode binders. Mexico is expanding EV manufacturing and battery assembly, driving additional regional demand for suitable binder chemistries.
  

The market in South Africa is expected to experience significant and promising growth from 2025 to 2034.

• Battery binder materials markets are observing gradual but robust growth in Middle East and Africa, with a CAGR of 15.8% supported by rising EV adoption, renewable energy projects and grid storage needs.
  
• South Africa has the leading position among the MEA because of its globally established automotive and mining sectors and strong adoption of energy storage and local R&D in binder materials that apply to both industrial and consumer battery applications.
  
• Rising disposable incomes in the UAE and Saudi Arabia, sustainability initiatives, and investment in cutting-edge energy storage and EV technology lead to increasing demand for advanced binders.
  
• Strategic collaborations, localization efforts and governments' supportive policies are driving innovations and improving production capacity across component in MEA and positioning them as the up-and-coming growth hub for battery binder materials.
  

Battery Binder Materials Market Share

The top 7 companies in the battery binder materials industry include Solvay S.A., Arkema S.A., Kureha Corporation, JSR Corporation, Zeon Corporation, Chemours Company and Dongyue Group. These are prominent companies operating in their respective regions covering 48.5% of the market share. These companies hold strong positions globally due to their extensive experience in battery binder materials market. Their diverse product portfolios, backed by robust production capabilities and distribution networks, enable them to meet the rising demand across various regions.

• Solvay S.A. is a multinational chemical company. It is known from its position as a leader in specialty polymers, including battery binders made from polyvinylidene fluoride (PVDF). The unique emulsion and suspension polymerization technologies from the company provide a broad PVDF portfolio, making batteries lifespan and energy density improved. In 2022, Solvay announced a joint venture with Orbia, amounting to USD 850 million, to establish the largest PVDF production facility in North America, targeting emerging EV battery demand by 2026.
  
• Arkema S.A. is a French specialty chemicals company focused on advanced binder solutions for lithium-ion batteries. Their INCELLION waterborne acrylic binders are favorable for silicon-rich anodes and solid-state battery developments as well as improving flexibility and cycle life in electrodes. Arkema approaches these needs with substantial investment both in R&D and sustainable manufacturing to be at par with the changing needs of the electric vehicles and energy storage markets. In 2023, Arkema boosted its production capacity for battery materials in Europe to address the upsurge demand for high-performance, eco-friendly binders.
  
• Kureha Corporation is one of the first pioneers of PVDF binder technology with its Kuredux binders widely used in lithium-ion battery cathodes. Kureha's binders are known for their chemical stability and strong adhesion since such factors are necessary in high-energy density batteries for EVs and portable electronics.
  
• JSR Corporation, headquartered in Japan, is a leading player of Styrene-butadiene rubber (SBR) and acrylic binders for lithium-ion batteries. JSR's high-quality, water-based binders allow enable higher silicon loads in anodes, thus enhancing battery capacity and cycle life. In 2021, JSR launched bio-based binders that are intended to be environmentally friendly but still meet all the requirements of electrode adhesion and mechanical properties.
  
• Zeon Corporation, a Japanese chemical company, is a manufacturer of synthetic rubber binders that are of excellent elasticity and adhesion for silicon anode batteries. The volume changes brought about by thermal expansion of the silicon are curbed effectively through their binders, thus improving battery durability and performance. Zeon invests in developing innovative binder chemistries and partners with battery manufacturers for next-generation EV batteries.
  
• Chemours Company has distinguished itself in the battery binder materials market by pioneering solvent-free, dry electrode coating technology using its Teflon fluoropolymer binders. In 2024, Chemours opened a state-of-the-art Battery Innovation Center in Delaware, accelerating collaborations with EV manufacturers and scaling novel dry electrode technologies for next-generation lithium-ion batteries.
  
• Dongyue Group is a prominent Chinese manufacturer specializing in polyvinylidene fluoride (PVDF) resins and other advanced materials used as binders in lithium-ion batteries. The company leads domestically in scaling up PVDF production capacity, strategically catering to the surging demand from Asia’s growing EV and battery markets.
  

Battery Binder Materials Market Companies

Major players operating in the battery binder materials industry include:

• Arkema S.A.
• Chemours Company
• Dongyue Group
• JSR Corporation
• Kureha Corporation
• Shandong Huaxia Shenzhou New Material
• Shanghai 3F New Materials
• Sinochem Lantian
• Solvay S.A.
• Zeon Corporation
  

Battery Binder Materials Industry News

• In Jan 2025, U.S. Department of Energy, funded by the Bipartisan Infrastructure Law, allocates USD 3 billion grants to support domestic battery materials processing capacity.
  
• In 2023, Arkema SA introduced INCELLION range, including waterborne acrylic polymers that allow an increased silicon formulation, which will also assist in the control of volume changes during cycles.
  
• In 2023, Cabot Corporation launched ENTERA Aerogel Particles, aimed at enhancing the thermal management and safety of lithium-ion batteries, reducing the chances of overheating and prolong the lifespan of batteries.
  
• In 2022, Solvay announced a joint venture with Orbia, amounting to $850 million, to establish the largest PVDF production facility in North America, targeting emerging EV battery demand by 2026.
  

This battery binder materials market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) and volume (Kilo Tons) from 2025 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, By Product Type

• Polyvinylidene fluoride (PVDF)
• Carboxymethyl cellulose (CMC)
• styrene-butadiene rubber (SBR)
• Polyacrylic acid (PAA)
• Other specialty binders

Market, By Application

• Cathode binder applications
  • NCM cathode systems
  • NCA cathode systems
  • LFP cathode systems
  • High-voltage cathode materials 
• Anode binder applications
  • Graphite anode systems
  • Silicon-based anode systems
  • Lithium titanate oxide (LTO) systems
  • Next-generation anode materials

Market, By Technology

• Solvent-based binder systems
  • Traditional PVDF systems 
• Water-based binder systems
  • CMC/SBR combinations
• Hybrid binder systems
  • Multi-component formulations
• Next-generation technologies
  • Solid-state battery binders
  • Conductive binder networks
  • Self-healing materials

Market, By End Use Industry

• Automotive industry
  • Electric passenger vehicles
  • Electric commercial vehicles
  • Hybrid electric vehicles 
• Consumer electronics
  • Smartphones and tablets
  • Laptops and portable devices
  • Wearable electronics
  • Gaming and entertainment devices
• Energy storage systems
  • Grid-scale energy storage
  • Residential energy storage
  • Commercial and industrial storage
  • Renewable energy integration
• Industrial applications
  • Material handling equipment
  • Backup power systems
  • Telecommunications infrastructure
  • Medical and healthcare devices

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe 
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America 
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East and Africa