Potency to become Battery Powerhouse is Accelerating European Lithium ion battery binders Market

European lithium ion battery binders market is anticipated to grow at a CAGR of 12.8% during the forecast period (2021-2027). As per the American Chemical Society (ACS), Europe held only a 3.0% share of the global lithium-ion battery market in 2020. Therefore, to compete with the other countries globally, battery manufacturers are striving to approve the construction of EV battery plants in the region to meet the demand for EVs. Additionally, several major gigafactories are approved for construction in Europe and will be ready in the next few years.  For instance, in February 2020, Saft and the PSA Group had announced its plans to set up two lithium-ion battery cell plants in Europe. 

Browse the full report description of "European 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 2021-2027" at https://www.omrglobal.com/industry-reports/european-lithium-ion-battery-binder-market

The French-German alliance intends to establish a joint venture named Automotive Cell Company (ACC), with a total output of 48 GWh annually by 2030, through around a $5.9 billion investment, supported by nearly $1.5 billion in public funding from the EU. Several researches are being undertaken to gain more & more from battery recycling. Reduction in production costs and risks by recycling and by sourcing raw materials within Europe is a key propellant for the construction of lithium ion battery facilities in the region. The growth in lithium ion battery industry across the region is anticipated to drive the Europe lithium ion battery binders market.  

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Type

o By End-User Industry

• Competitive Landscape- BASF SE, Arkema SA, Solvay SA, Targray Technology International Inc., Zeon Corp., and so on

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

European Lithium Ion Battery Binders Market Report Segment

By Type 

• Cathode Binder
• Anode Binder

By End-User Industry

• Consumer Electronics
• Automobile
• Aerospace & Defense
• Others

European Lithium Ion Battery Binders Market Report Segment

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

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