Battery Manufacturing Facility Expansion to Promote the North American Lithium ion battery binders Market

North American lithium ion battery binders market is anticipated to grow at a CAGR of 12.5% during the forecast period (2021-2027). The growing expansion of lithium ion battery plants to meet demand for lithium ion batteries is a key factor driving the growth of regional market. Battery binder is a key element of lithium ion battery; high production of batteries will result in high demand for battery binders, therefore, the increasing production capacity expansion activities across the US is anticipated to drive the market growth. In December 2020, Proterra Inc., a major manufacturer of electric commercial vehicles announced to open a Next-gen lithium-ion battery manufacturing facility in the US. 

Browse the full report description of "Japan 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/north-american-lithium-ion-battery-binder-market

This new battery production line is expected to manufacture battery packs featuring new, next-generation cells in Los Angeles County. The facility aims at expanding Proterra's battery production capacity to meet the growing demand for the company's battery systems in Proterra Powered commercial vehicles and Proterra’s transit buses. Similarly, in December 2019, GM Company and LG Chem announced to invest nearly $2.3 billion to build a 30 GWh battery factory in Lordstown, Ohio. The growing investment of key players in building lithium ion battery manufacturing facilities in the US is likely to create demand for binders which in turn will drive their 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

• 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 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?

North American Lithium Ion Battery Binders Market Report Segment

By Type 

• Cathode Binder
• Anode Binder

By End-User Industry

• Consumer Electronics
• Automobile
• Aerospace & Defense
• Others

North American Lithium Ion Battery Binders Market Report Segment

• US
• Canada