Global PVDF Binder for Battery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global PVDF Binder for Battery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Polyvinylidene fluoride (PVDF) is a highly non-reactive thermoplastic fluoropolymer produced by the polymerization of vinylidene difluoride. PVDF is a specialty plastic used in applications needing the highest purity, as well as resistance to solvents, acids, and hydrocarbons. One of the important areas that PVDF is used is lithium-ion batteries as binders. In lithium-ion batteries the binder can be considered as a key component. The major function of the binders in lithium-ion batteries is to act as an effective dispersion agent to connect the electrode species together and then steadily adhere them to the current collectors. PVDF is the standard binder material used in the production of composite electrodes for lithium-ion batteries. PVDF is a common binder material used in electrode preparation due to its high molecular weight and surface chemistry. These properties help to improve the adhesion of the electrodes to the collector as well as affect the level of coverage over the active materials in the lithium-ion cell. Long-term stability can be ensured by the PVDF’s excellent chemical resistance in the aggressive environment of lithium-ion batteries, which includes organic carbonates and lithium salts.

Market Overview:

The latest research study on the global PVDF Binder for Battery market finds that the global PVDF Binder for Battery market reached a value of USD 1889.59 million in 2022. It’s expected that the market will achieve USD 3048.11 million by 2028, exhibiting a CAGR of 8.3% during the forecast period.

Influence of COVID-19 Outbreak on Regional PVDF Binder for Battery Industry Development

The distribution channel segment is divided into Power Generation and Oil & Gas, the Power Generation segment is dominating the market currently, and due to emergence of COVID-19, the Oil & Gas market witnessed a significant growth in 2020. The COVID-19 Outbreak has led to a decline in Power Generation passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some Regional PVDF Binder for Battery enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original Power
Generation market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.
The epidemic will have a short-term impact on Regional PVDF Binder for Battery industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in Regional PVDF Binder for Battery industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.

Apart from this, the COVID-19 outbreak has resulted in the closing down of several manufacturing facilities across the globe. The pandemic caused huge revenue losses in end-use industry. The coronavirus lockdown put a brake on the production of several key raw materials in the global market, which, in turn, spiked the prices and lowered the demand for the product. The strict lockdown mandates imposed by governments have restricted cross-border trade between countries, another factor proving to be detrimental for the Regional PVDF Binder for Battery market share. In addition, Regional PVDF Binder for Battery manufacturers are drawing up plans for the international market as a new supply link in the global Regional PVDF Binder for Battery industry, as companies look to re-engineer supply chains in the aftermath of COVID-19. Also, it is expected that the product demand in end-user sectors could pick up following the uplift of the lockdown in numerous countries.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

Arkema is one of the major players operating in the PVDF Binder for Battery market, holding a share of 28.97% in 2021.

Arkema SA engages in manufacturing and supply of chemical products. It operates through followings segments: High Performance Materials, Industrials Specialties and Coating Solutions. The High Performance Materials segment includes the Technical Polymers, Filtration and Adsorption and Organic Peroxides business units and provides solutions with high Revenue added, used in varied sectors such as transportation, oil extraction, renewable energies, consumer goods, electronics, construction, coatings and water treatment.

Kureha is a leading diversified chemical products manufacturer. Over 70 years, Kureha has applied the technological expertise to create numerous original products in fields including advanced products, pharmaceuticals, agrochemicals, and packaging materials.

Segmentation Overview:

Among different product types, Power Battery segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Suspension Polymerization segment occupied the biggest share from 2018 to 2022.

Key Companies in the global PVDF Binder for Battery market covered in Chapter 3:

Huaxiashenzhou
Solvay
Sinochem
Fluorine
Kureha
Shanghai Huayi 3F New Materials
Arkema

In Chapter 4 and Chapter 14.2, on the basis of types, the PVDF Binder for Battery market from 2018 to 2029 is primarily split into:

Energy Storage Battery
Digital Battery
Power Battery
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the PVDF Binder for Battery market from 2018 to 2029 covers:

Emulsion Polymerization
Suspension Polymerization

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)