PVDF Lithium Ion Batteries Binders Market 2023-2029

The global PVDF Lithium Ion Batteries Binders market was valued at US$ 788.2 million in 2022 and is projected to reach US$ 967.2 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Binder materials are polymer compounds which have an important role in the batteries. Binders for lithium ion batteries responsible for holding the active material particles within the electrode of a lithium-ion battery (LIB) together to maintain a strong connection between the electrode and the contacts. PVDF resins are as raw materials used by high-voltage operation. PVDF requires NMP (N Methyl 2-pyrrolidone) as a solvent and offers the possibility of high voltage operation. PVDF is also electrochemically stable in contact with electrolyte mixtures.