Battery Production facility Expansion Promotes Asia-Pacific Lithium ion battery binders Market

Asia-Pacific lithium ion battery binders market is anticipated to grow at a CAGR of 15.5% 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 market growth. 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 Asia-Pacific is anticipated to drive the market growth. Toyota Motor Corp. and Panasonic Corp. has made a joint venture “Prime Planet Energy” in October 2020 to produce lithium-ion batteries for hybrid cars at a plant in Western Japan from 2022 to meet growing demand for electric vehicles. The formed production line at Prime Planet energy in Tokushima prefecture will have enough capacity to build batteries for around 500,000 vehicles a year.

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

Additionally, in December 2020, Chinese battery producer Contemporary Amparex Technology (CATL) announced to invest $5.97 billion to raise its output capacity for power and storage lithium-ion batteries. With this investment Asia-Pacific's newly installed capacity of power batteries reached 5.9GWh by October, up by 44pc from a year earlier. Such huge investment in lithium ion battery production facility expansion is anticipated to drive the Asia-Pacific 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?

Asia-Pacific Lithium Ion Battery Binders Market Report Segment

By Type 

• Cathode Binder
• Anode Binder

By End-User Industry

• Consumer Electronics
• Automobile
• Aerospace & Defense
• Others

Asia-Pacific Lithium Ion Battery Binders Market Report Segment

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