Lithium Ion Battery Production facility Expansion: Drives Global Lithium ion battery binders Market

The global lithium ion battery binders market is anticipated to grow at a CAGR of 13.5% during the forecast period (2021-2027). The increasing rate of lithium ion battery production facility expansion is anticipated to create demand for lithium ion battery binders which in turn will drive the market growth. For instance, in April 2021, Lithium-ion battery pack manufacturer Lohum announced its plans to invest up to $0.34 million in the next three years to enhance its capacity with plans to foray into electric four-wheeler battery segment. With this the company’s manufacturing capacity of 300 megawatt-hours per annum, is anticipated to reach "gigawatt-hour scale" to respond to the surge in demand from the electric vehicles segment.

Browse the full report description of "Global 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/lithium-ion-battery-binder-market

Further, in January 2020, Automotive Electronics Power Private Ltd. (AEPPL), a joint venture between Japanese majors Toshiba, Denso, and Suzuki announced to invest $510 million in the second phase of its lithium-ion battery production facility at Hansalpur, Gujarat. Additionally, in December 2020, Tata Chemicals Ltd. had announced its plans to start building a manufacturing facility for lithium-ion cells in Gujarat seeking incentives under the Production Linked Incentive Scheme (PLI) scheme. Such huge investment in lithium ion battery production facilities is anticipated to drive the market growth.

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

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- BASF SE, Arkema SA, SAMSUNG SDI CO., LTD., Solvay SA, Targray Technology International Inc., TDK Corp., and so on

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region 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 region and segment

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

Global Lithium Ion Battery Binders Market Report Segment

By Type 

• Cathode Binder
• Anode Binder

By End-User Industry

• Consumer Electronics
• Automobile
• Aerospace & Defense
• Others

Global Lithium Ion Battery Binders Market Report Segment by Region

North America           

• US
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa 
• Latin America 

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