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ALBANY, N.Y. , June 20, 2022 /PRNewswire/ -- Analysts at TMR estimate the elastic battery binders market to cross a valuation of US$ 1.4 Bn by 2031. Excellent elasticity for high-performance silicon anodes in lithium-ion batteries to power electric vehicles fuels the growth of elastic battery binders market. This is attracting leading players in elastic battery binders market to develop new and highly elastic battery binders for various purposes such as overcoming stress dissipation of silicon anodes during charge-discharge cycle of lithium-ion batteries.
Besides this, numerous uses of a range of products for their superior physical properties provides impetus to elastic battery binders market. For instance, polyurethane (PU) exhibits high tensile strength, elasticity, and adhesion compared to common aqueous binders to find numerous uses such as hybrid aqueous elastic binder.
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Significance of polymer binder materials for the growing demand for electrochemical energy storage devices to provide ample opportunities to elastic battery binders market. Innovative polymer binder materials that are modelled on fundamental understanding of physical phenomenon and structure-property relationships are required for high-capacity next-generation battery chemistries. For example, exponential rise in demand for lithium-ion batteries for energy supply in portable electronic products compels need for high-performance anodes to replace conventional carbon-based anodes to serve the increase in energy output.
Asia Pacific held a significant 74.6% share of elastic battery binders market in 2021, and is anticipated to continue to remain a key region during the forecast period.
Elastic Battery Binders Market – Key Findings of the Report
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Elastic Battery Binders Market – Growth Drivers
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Elastic Battery Binders Market – Key Players
Some of the key players operating in the elastic battery binders market are;
The elastic battery binders market is segmented as follows;
Elastic Battery Binders Market, by Type
Elastic Battery Binders Market, by Application
Elastic Battery Binders Market, by End-use
Elastic Battery Binders Market, by Region
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