Dublin, Feb. 28, 2024 (GLOBE NEWSWIRE) -- The "Europe Binders in Battery Market: Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.
The Europe binders in battery market (excluding U.K.) is projected to reach $1,039.2 million by 2031 from $365.1 million in 2022, growing at a CAGR of 12.33% during the forecast period 2022-2031
The growth of the binder market in batteries is expected to be driven by the increasing adoption of electric vehicles and greater investments in battery installations within the renewable energy sector. Although these factors provide positive momentum, obstacles to market growth include difficulties related to the advancement of electrodes without binders and the continual demand for maintaining high-quality standards.
Market Introduction
The Europe Binders in Battery Market is positioned for significant growth, buoyed by the escalating demand for electric vehicles (EVs) and substantial investments in renewable energy storage infrastructure. With an increasing uptake of EVs and a concerted effort towards sustainable energy practices, the market for battery binders is anticipated to witness robust expansion across Europe. Binders serve as crucial components in enhancing battery performance and longevity, thus playing a pivotal role in the evolving landscape of electric transportation and renewable energy initiatives.
However, challenges such as the development of binder-free electrodes and the persistent need for maintaining stringent quality standards may present hurdles to market growth. As Europe continues to lead in the adoption of environmentally friendly technologies, the Binders in Battery Market is poised for noteworthy progress to cater to the rising demand for energy storage solutions.
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader to understand the different types of binders available for batteries and their potential. Moreover, the study provides the reader with a detailed understanding of the different binder chemistry, namely, polyvinylidene fluoride, styrene-butadiene rubber, carboxymethyl cellulose, polytetrafluoroethylene, and others.
Growth/Marketing Strategy: Business expansion, partnership, collaboration, and joint venture are some key strategies adopted by key players operating in the space.
Competitive Strategy: Key players in the Europe binders in battery market analyzed and profiled in the study involve binder providers. Moreover, a detailed competitive benchmarking of the players operating in the Europe binders in battery market has been done to help the reader understand how players stack against each other, presenting a clear market landscape.
Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Some of the prominent names established in this market are:
- Arkema
- BASF SE
- Solvay
- Synthomer PLC
- Northvolt AB
Key Topics Covered:
Executive Summary
Scope of the Study
1 Markets
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Focus on Water Based Battery Binders
1.1.1.2 Increasing Customer Awareness regarding Electric Vehicles
1.1.2 Supply Chain Network/MAP
1.1.3 Value Chain Analysis
1.1.4 Impact of COVID-19 on the Binders in Battery Market
1.1.5 Ecosystem/Ongoing Programs
1.1.5.1 Consortiums and Associations
1.1.5.2 Regulatory Bodies
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Demand for Electric Vehicles
1.2.1.2 Growing Investments and Installations in Renewable Energy Sector
1.2.1.3 Improved Battery Performance due to Advance Multifunctional Binders
1.2.2 Business Challenges
1.2.2.1 Highly Competitive Market Creating Constant Pressure to Maintain High Performance and Quality of Binders at Competitive Price
1.2.2.2 Development of Binder Free Electrode Technologies for Advance Batteries
1.2.3 Business Opportunities
1.2.3.1 Integration of Internet of Things (IoT) and Artificial Intelligence (AI) Technologies in Consumer Electronics
1.2.3.2 Increasing Awareness about Bio-Based Products
1.2.4 Business Strategies
1.2.4.1 Product Development
1.2.4.2 Market Development
1.2.5 Corporate Strategies
1.2.5.1 Partnerships, Collaborations, and Joint Ventures
1.3 Snapshots of Battery Manufacturing Equipment's Market
1.4 Start-Up Landscape
2 Region
2.1 Europe
2.1.1 Market
2.1.1.1 Key Manufacturers/Suppliers in Europe
2.1.1.2 Business Challenges
2.1.1.3 Business Drivers
2.1.2 Application
2.1.3 Product
2.1.4 Europe: Country-Level Analysis
2.1.4.1 Germany
2.1.4.1.1 Market
2.1.4.1.1.1 Buyer Attributes
2.1.4.1.1.2 Key Manufacturers/Suppliers in Germany
2.1.4.1.1.3 Business Challenges
2.1.4.1.1.4 Business Drivers
2.1.4.1.2 Application
2.1.4.1.3 Product
2.1.4.2 France
2.1.4.3 Italy
2.1.4.4 Spain
2.1.4.5 Rest-of-Europe
2.2 U.K.
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.1.1 Competitive Position Matrix
3.1.2 Product Matrix for Key Companies
3.1.3 Market Share Analysis
3.2 Company Profiles
3.2. Company Overview
3.2.1.1 Role in the Binders in Battery Market
3.2.1.2 Product Portfolio
3.2.1.3 Business Strategies
3.2.1.3.1 Market Development
3.2.1.4 Corporate Strategies
3.2.1.4.1 Partnerships, Collaborations, and Joint Ventures
3.2.1.5 R&D Analysis
3.2.1.6 Analyst view
For more information about this report visit https://www.researchandmarkets.com/r/mfxfua
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