Binder-free Electrode Market Projected at $381.9M By 2031, TMR Study – Yahoo Finance | Region & Cash

  • The increasing understanding of environmental safety is expected to fuel the demand for binderless electrodes in the years to come

  • Increase in product demand from various end-use industries Asia Pacific strengthens the regional market

Wilmington, Del., July 27, 2022 /PRNewswire/ — According to estimates by Transparency Market Research (TMR), the global binderless electrodes market is projected to register an estimated CAGR growth of 18% during the forecast period of 2025 to 2031. The TMR study focuses on offering key insights into various factors influencing the market growth. In addition, it highlights new trends in the market for binder-free electrodes.

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Players operating in the binderless electrodes market focus on R&Ds to develop environmentally friendly products. Apart from this, companies are using merger and acquisition strategies to expand their businesses in the global binderless electrodes market.

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Binder-free Electrodes Market: Key Findings

  • Conventional electrodes with binders contain hazardous solvents that have a negative impact on the environment. Due to the increased understanding of environmental protection among people around the world, the need for the development of renewable energy and latest eco-friendly energy storage systems has increased in recent years. Batteries are considered important energy storage systems because the nature of renewable energy sources is internalized, states TMR’s binderless electrode market prospects.

  • In recent years, the popularity of lithium-ion batteries (LIBs) has increased due to their various advantages including high cell voltage, high energy and power density, long cycle life, and wide operating temperature range. Therefore, the use of smaller size and higher capacity LIBs has increased greatly. According to a TMR study on the market for binderless electrodes, this factor is expected to lead to the development of active materials that can help offer high specific capacitance and minimize inactive materials.

  • A conductive substrate is used instead of a conventional binder. In general, a conductive substrate serves as a binderless electrode to reduce inactive materials, while active materials can be placed at specific adhesion sites of conductive substrates. Due to the ability of active materials to remain firmly attached to the conductive substrate, they help improve electron conductivity, which in turn can lead to improved energy density. TMR’s Binder-Free Electrodes Market demand analysis finds that the global market is expected to receive a rating of US$381.9 million until 2031.

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Binder-free electrodes market: growth booster

  • The increasing propensity to adopt non-hazardous electrodes to achieve environmental safety is driving revenue growth in the global binder-free electrodes market

  • The increasing use of flexible batteries in various consumer electronic products leads to the greatest opportunities for the players in the binderless electrodes market

Binder-free Electrodes Market: Regional Analysis

  • The market for binderless electrodes in Asia The Pacific is forecast to account for 73.2% of the total market by 2024. The growth of Asia Pacific The binderless electrodes market is attributed to many factors including the increasing use of binderless electrodes in various end-use industries including consumer electronics, automotive and transportation, aerospace and defense, industrial and energy storage systems.

  • Players in the binderless electrodes market are expected to unlock significant growth opportunities North America due to the increasing propensity to use energy storage systems, including sodium-ion batteries, potassium-ion batteries, and lithium-ion batteries in the region, according to a report by TMR

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Binder-free Electrodes Market: Major Players

Some of the key players featured in the report are:

Market segmentation for binderless electrodes

Type

  • carbon foam

  • graphs

  • graphite

  • carbon fiber

  • germanium

  • Other

procedure

  • chemical

  • Physically

  • electric

application

  • Lithium Ion Batteries

  • Sodium Ion Batteries

  • Potassium Ion Batteries

  • Other

end use

regions

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • middle East & Africa

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About transparency market research

Transparency Market Research, a global market research company, registered at Wilmington, Delaware, United States, provides custom research and consulting services. The company examines factors that shape the dynamics of demand in different markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, distribution channel and end use are analyzed which will drive the growth of the markets over the next decade.

Our exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for thousands of decision makers, enabled by experienced teams of analysts, researchers and consultants. The proprietary data sources and various tools and techniques we use always reflect the latest trends and information. With a broad research and analytical capacity, Transparency Market Research employs rigorous primary and secondary research techniques in all of its annual reports.

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