Global Lithium-ion Battery Binders Market Size Study & Forecast, by Type, Material, Battery Chemistry, End Use, and Regional Forecasts 2025-2035

The Global Lithium-ion Battery Binders Market is valued at approximately USD 2.25 billion in 2024 and is projected to expand at a robust CAGR of 18.70% over the forecast period 2025-2035. In the rapidly electrifying world, lithium-ion battery technology is undergoing a transformative evolution-and binders, though often overlooked, are silently powering this momentum. Binders, the polymer glue holding together active materials in battery electrodes, are central to cell stability, durability, and performance. As global energy systems pivot toward mobility electrification and large-scale energy storage, the demand for higher-performing, thermally stable, and eco-friendly binder systems has intensified across the value chain. Traditional PVDF-based binders continue to lead the market due to their chemical inertness and electrochemical stability, particularly in high-voltage battery chemistries. However, aqueous binders such as CMC and SBR are fast gaining traction, especially in anode applications, as industries aim to reduce environmental impact and improve cost-efficiency.

The surging adoption of electric vehicles (EVs), renewable energy integration, and consumer electronics has unlocked unprecedented growth avenues for binder technologies. Industry giants are investing in next-generation battery designs-like solid-state and silicon anode cells-that necessitate advanced binder solutions with higher elasticity, thermal resistance, and adhesion under stress. Battery manufacturers are increasingly opting for sustainable, water-soluble binders that not only enable greener manufacturing processes but also boost cell performance by enhancing the mechanical strength of electrodes. The accelerated commercialization of lithium-iron-phosphate (LFP) and nickel-manganese-cobalt (NMC) chemistries is also shaping the competitive dynamics of binder materials, reinforcing the need for compatibility, cycle life enhancement, and electrolyte interaction control.

From a regional standpoint, Asia Pacific continues to dominate the lithium-ion battery binders landscape, bolstered by the presence of major battery cell manufacturers in China, South Korea, and Japan. The region is home to vertically integrated supply chains, government EV subsidies, and expanding gigafactory capacities-all of which drive binder material consumption at scale. Meanwhile, North America is witnessing exponential binder demand growth, primarily attributed to the Inflation Reduction Act (IRA) stimulus, EV production ramp-up by legacy automakers, and the rapid proliferation of residential and grid-scale storage installations. Europe, on the other hand, is forging ahead with stringent emission norms, aggressive EV targets, and strong battery recycling initiatives-creating fertile ground for innovation in eco-friendly binder systems.

Major market player included in this report are:

• BASF SE
• Kureha Corporation
• Solvay SA
• Arkema S.A.
• Zeon Corporation
• DuPont de Nemours, Inc.
• LG Chem Ltd.
• DONGWOO FINE-CHEM Co. Ltd.
• Ashland Global Holdings Inc.
• APV Engineered Coatings
• Targray Technology International Inc.
• UBE Corporation
• Trinseo PLC
• MTI Corporation
• Shanghai 3F New Material Co., Ltd.

Global Lithium-ion Battery Binders Market Report Scope:

• Historical Data - 2023, 2024
• Base Year for Estimation - 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Type:

• Anode
• Cathode

By Material:

• Polyvinylidene Fluoride (PVDF)
• Carboxymethyl Cellulose (CMC)
• Polymethyl Methacrylate (PMMA)
• Styrene-Butadiene Rubber (SBR)

By Battery Chemistry:

• Lithium Iron Phosphate (LFP)
• Lithium Cobalt Oxide (LCO)
• Nickel Manganese Cobalt (NMC)
• Lithium Titanate Oxide (LTO)

By End Use:

• Automotive
• Consumer Electronics
• Energy Storage
• Industrial

By Region:

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

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.