Asia-Pacific Lithium Ion Battery Binder Market 2026-2035

Description

List of Tables

Asia-Pacific Lithium-Ion Battery Binder Market Size, Share & Trends Analysis Report by Binder (Cathode Binder, Anode Binder), by End-User Industry (Consumer Electronics, Automobile, Aerospace & Defense, Others), Forecast Period (2026-2035)

Industry Overview

Asia-Pacific lithium-ion battery binder market was valued at $1,485.0 million in 2025 and is projected to reach $9,120.6 million by 2035, growing at a CAGR of 20.0% during the forecast period (2026-2035). The Asia-Pacific lithium-ion battery binder market is expanding rapidly, driven by rising demand for electric vehicles and energy storage technologies. Continuous advancements in binder chemistry are enabling higher electrode performance and stability. Local governments are supporting large-scale battery infrastructure projects, creating new opportunities for regional suppliers. The growing presence of cell manufacturing hubs in countries like China and South Korea is amplifying material demand. Strategic partnerships between chemical producers and battery firms are fostering product innovation.

Market Dynamics

Expansion of Regional Manufacturing Capabilities

The Asia-Pacific lithium-ion battery binder market is witnessing steady expansion as countries strengthen domestic production networks. Increasing investments in battery material plants across China, Japan, and South Korea are enhancing supply chain efficiency. Manufacturers are focusing on localizing binder production to reduce import dependence and improve cost competitiveness. Advanced polymer technologies are being integrated to meet the growing needs of next-generation batteries. This regional expansion is fostering technological exchange and cross-industry collaboration. As a result, Asia-Pacific remains a dominant contributor to global binder output and innovation.

Shift Toward Sustainable and High-Performance Materials

A noticeable trend in the Asia-Pacific region is the growing preference for eco-friendly and high-strength binder formulations. Producers are developing water-based binders to comply with tightening environmental standards. This transition supports the industry's broader sustainability goals while maintaining mechanical stability and adhesion quality. Continuous research is aimed at improving thermal resistance and compatibility with silicon-based anodes. Regional research centers are partnering with global automotive and energy firms to accelerate commercialization. The shift signifies a clear move toward cleaner and more efficient manufacturing practices.

Market Segmentation

Based on the type, the market is segmented into cathode binder and anode binder.
Based on the end-user industry, the market is segmented into consumer electronics, automobile, aerospace & defense, and others.

Anode Binder Segment to Lead the Market with the Largest Share

The demand for advanced anode binders is playing a significant role in the market's upward trajectory across the Asia-Pacific region. Anode binders are essential for enhancing electrode flexibility, adhesion, and structural stability during long charge cycles. Manufacturers are refining formulations to accommodate high-capacity silicon and graphite composites. This development supports the production of lightweight, high-energy batteries suited for both vehicles and consumer electronics. Continuous R&D investments are improving binder conductivity and efficiency. The increasing focus on performance optimization is expected to sustain growth momentum over the coming years.

Automobile: A Key Segment in Market Growth

The accelerating adoption of electric mobility in the Asia-Pacific is driving substantial growth in the lithium-ion battery binder sector. Automobile manufacturers are expanding regional production to meet national and export market demand. Binders are critical in ensuring battery durability and enhancing overall vehicle performance. The establishment of EV-focused industrial clusters in China, Japan, and India is boosting local material supply chains. Innovations in binder chemistry are also reducing battery weight and improving charging efficiency. This automotive-driven growth is reinforcing the region's leadership in global battery technology.

Regional Outlook

Asia-Pacific lithium-ion battery binder market is further divided by countries, including China, Japan, South Korea, India, Australia & New Zealand, ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, and others), and the Rest of Asia-Pacific.

China Dominates the Market with a Major Share

The lithium-ion battery binder market in China is expanding due to strong domestic manufacturing capacity and continuous technological progress. The nation's robust EV ecosystem has accelerated the consumption of high-quality binders. Local producers are scaling operations to support the surge in cell production across multiple provinces. Research efforts are focused on enhancing binder adhesion, flexibility, and resistance to thermal degradation. Government initiatives promoting clean energy and sustainable materials are further strengthening market confidence. As a result, China continues to play a defining role in shaping the future of the binder industry.

Market Players Outlook

The major companies operating in the Asia-Pacific lithium-ion battery binder market include Daikin Industries Ltd., Kureha Corporation, LG Chem Ltd., Toray Industries, Inc., ZEON Corporation, among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.

Recent Development

In May 2023, BASF announced an investment in the production of water-based anode binders to support the lithium-ion battery industry. The new binders will be produced at two existing dispersion plants in Jiangsu and Guangdong, China. In addition to their existing product portfolios, the two plants will produce two innovative anode binders: Licity and Basonal Power based on modified styrene-butadiene rubber (SBR). The new range of products is expected to come on stream from mid-2023.

The Report Covers:

Market value data analysis of 2025 and forecast to 2035.
Annualized market revenues ($ million) for each market segment
Country-wise analysis of major geographical regions.
Key companies operating in the Asia-Pacific lithium-ion battery binder market. Based on the availability of data, information related to new products and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2023727

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Asia-Pacific Lithium Ion Battery Binder Market Sales Analysis - Type | End-User Industry | ($ Million)
Asia-Pacific Lithium-Ion Battery Binder Market Sales Performance of Top Countries
1.1. Research Methodology
Primary Research Approach
Secondary Research Approach
1.2. Market Snapshot

2. Market Overview and Insights

2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Asia-Pacific Lithium-Ion Battery Binder Industry Trends
- 2.2.2. Market Recommendations

3. Market Determinants

3.1. Market Drivers
- 3.1.1. Drivers For Asia-Pacific Lithium Ion Battery Binder Market: Impact Analysis
3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Asia-Pacific Lithium Ion Battery Binder Market: Impact Analysis
3.3. Market Opportunities

4. Competitive Landscape

4.1. Competitive Dashboard - Asia-Pacific Lithium Ion Battery Binder Market Revenue and Share by Manufacturers
Lithium Ion Battery Binder Product Comparison Analysis
Top Market Player Ranking Matrix
4.2. Key Company Analysis
- 4.2.1. Daikin Industries Ltd.
  - 4.2.1.1. Overview
  - 4.2.1.2. Product Portfolio
  - 4.2.1.3. Financial Analysis
  - 4.2.1.4. SWOT Analysis
  - 4.2.1.5. Business Strategy
- 4.2.2. Kureha Corporation
  - 4.2.2.1. Overview
  - 4.2.2.2. Product Portfolio
  - 4.2.2.3. Financial Analysis
  - 4.2.2.4. SWOT Analysis
  - 4.2.2.5. Business Strategy
- 4.2.3. LG Chem Ltd.
  - 4.2.3.1. Overview
  - 4.2.3.2. Product Portfolio
  - 4.2.3.3. Financial Analysis
  - 4.2.3.4. SWOT Analysis
  - 4.2.3.5. Business Strategy
- 4.2.4. Toray Industries, Inc.
  - 4.2.4.1. Overview
  - 4.2.4.2. Product Portfolio
  - 4.2.4.3. Financial Analysis
  - 4.2.4.4. SWOT Analysis
  - 4.2.4.5. Business Strategy
- 4.2.5. ZEON Corporation
  - 4.2.5.1. Overview
  - 4.2.5.2. Product Portfolio
  - 4.2.5.3. Financial Analysis
  - 4.2.5.4. SWOT Analysis
  - 4.2.5.5. Business Strategy
4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration

5. Asia-Pacific Lithium-Ion Battery Binder Market Sales Analysis by Type ($ Million)

5.1. Cathode Binders
5.2. Anode Binders

6. Asia-Pacific Lithium-Ion Battery Binder Market Sales Analysis by End-User Industry ($ Million)

6.1. Consumer Electronics
6.2. Automobile
6.3. Aerospace & Defense
6.4. Other

7. Regional Analysis

7.1. Asia-Pacific Lithium Ion Battery Binder Market Sales Analysis - Type | End-User Industry | Country ($ Million)
Macroeconomic Factors for Asia-Pacific
- 7.1.1. China
- 7.1.2. Japan
- 7.1.3. South Korea
- 7.1.4. India
- 7.1.5. Australia & New Zealand
- 7.1.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And others)
- 7.1.7. Rest of Asia-Pacific

8. Company Profiles

8.1. Ashland Global Holdings Inc.
- 8.1.1. Quick Facts
- 8.1.2. Company Overview
- 8.1.3. Product Portfolio
- 8.1.4. Business Strategies
8.2. BOBS-TECH (BO&BS Advanced Polymers)
- 8.2.1. Quick Facts
- 8.2.2. Company Overview
- 8.2.3. Product Portfolio
- 8.2.4. Business Strategies
8.3. Chengdu Indigo Power Sources Co., Ltd.
- 8.3.1. Quick Facts
- 8.3.2. Company Overview
- 8.3.3. Product Portfolio
- 8.3.4. Business Strategies
8.4. Daikin Industries Ltd.
- 8.4.1. Quick Facts
- 8.4.2. Company Overview
- 8.4.3. Product Portfolio
- 8.4.4. Business Strategies
8.5. ENEOS Holdings, Inc.
- 8.5.1. Quick Facts
- 8.5.2. Company Overview
- 8.5.3. Product Portfolio
- 8.5.4. Business Strategies
8.6. JSR Corporation
- 8.6.1. Quick Facts
- 8.6.2. Company Overview
- 8.6.3. Product Portfolio
- 8.6.4. Business Strategies
8.7. Kureha Corporation
- 8.7.1. Quick Facts
- 8.7.2. Company Overview
- 8.7.3. Product Portfolio
- 8.7.4. Business Strategies
8.8. LG Chem Ltd.
- 8.8.1. Quick Facts
- 8.8.2. Company Overview
- 8.8.3. Product Portfolio
- 8.8.4. Business Strategies
8.9. Mitsui Chemicals, Inc.
- 8.9.1. Quick Facts
- 8.9.2. Company Overview
- 8.9.3. Product Portfolio
- 8.9.4. Business Strategies
8.10. NIPPON A&L Inc.
- 8.10.1. Quick Facts
- 8.10.2. Company Overview
- 8.10.3. Product Portfolio
- 8.10.4. Business Strategies
8.11. Shandong Huaxia Shenzhou New Materials Co., Ltd.
- 8.11.1. Quick Facts
- 8.11.2. Company Overview
- 8.11.3. Product Portfolio
- 8.11.4. Business Strategies
8.12. Shanghai 3F New Materials Co., Ltd.
- 8.12.1. Quick Facts
- 8.12.2. Company Overview
- 8.12.3. Product Portfolio
- 8.12.4. Business Strategies
8.13. Sinochem Lantian Co., Ltd.
- 8.13.1. Quick Facts
- 8.13.2. Company Overview
- 8.13.3. Product Portfolio
- 8.13.4. Business Strategies
8.14. Sumitomo Chemical Co., Ltd.
- 8.14.1. Quick Facts
- 8.14.2. Company Overview
- 8.14.3. Product Portfolio
- 8.14.4. Business Strategies
8.15. Suzhou Crystal Clear Chemical Co., Ltd.
- 8.15.1. Quick Facts
- 8.15.2. Company Overview
- 8.15.3. Product Portfolio
- 8.15.4. Business Strategies
8.16. Targray Technology International Inc.
- 8.16.1. Quick Facts
- 8.16.2. Company Overview
- 8.16.3. Product Portfolio
- 8.16.4. Business Strategies
8.17. Toray Industries, Inc.
- 8.17.1. Quick Facts
- 8.17.2. Company Overview
- 8.17.3. Product Portfolio
- 8.17.4. Business Strategies
8.18. UBE Corporation
- 8.18.1. Quick Facts
- 8.18.2. Company Overview
- 8.18.3. Product Portfolio
- 8.18.4. Business Strategies
8.19. ZEON Corporation
- 8.19.1. Quick Facts
- 8.19.2. Company Overview
- 8.19.3. Product Portfolio
- 8.19.4. Business Strategies
8.20. Zhejiang Fluorine Chemical Co., Ltd.
- 8.20.1. Quick Facts
- 8.20.2. Company Overview
- 8.20.3. Product Portfolio
- 8.20.4. Business Strategies