North American lithium ion battery binder market is predicted to grow considerably at a CAGR of 12.5 % during the forecast period (2021-2027). The growing presence of major manufacturers of batteries across the region is a key factor driving the growth of lithium ion battery binder market in North America. The increasing demand for lithium ion battery from several end-user industries such consumer electronics, Aerospace & defense, and automobile among others is promoting battery manufacturers to establish their battery production plants in the US or Canada. Battery binder is a key element of lithium ion battery; high production of batteries will result in high demand for battery binders, therefore; the increase in capacity expansion activities is anticipated to drive the regional market growth. 

North American lithium ion battery binder market is segmented based on the type and end-user industry. Based on type, the market is segmented into cathode binder and anode binders. Based on end-user industry, the market is segmented into consumer electronics, automobiles, aerospace & defense and others. Based on end-user industry, the consumer electronics segment is anticipated to exhibit significant growth in the North American lithium ion battery binders market. The growing consumer electronics industry owing to integration of advanced technologies such as IoT and AI is anticipated to drive the growth of this market segment. 

The key players of lithium ion battery binder market include BASF SE, Arkema SA, Targray Technology International Inc., Solvay SA, Zeon Corp., BENZO Energy technology Co., Ltd., and so on. Product development and considerable investment in R&D of new binding technologies is the core focus of these major market players to remain competitive. Moreover, the key players of lithium ion battery binder market are actively adopting organic or inorganic market activities to increase their market presence. 

Research Methodology

The market study of the North American lithium ion battery binder market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, researchpapers, and news blogs.
• Company websites and their product catalog. .

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. North American Lithium Ion Battery Binder Market Research And Analysis By Type
2. North American Lithium Ion Battery Binder Market Research And Analysis By End-User Industry

The Report Covers

• Comprehensive research methodology of the North American lithium ion battery binder market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American lithium ion battery binder market.
• Insights about market determinants that are stimulating the North American lithium ion battery binder market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.