The Global CMC Binder Market was valued at USD 473.98 Million in 2023 and is projected to reach USD 1319.06 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 18.60% during the forecast period (2024–2029). This robust growth is propelled by the accelerating global demand for lithium-ion batteries across electric vehicles, consumer electronics, and energy storage systems, where Carboxymethyl Cellulose (CMC) binders are essential for electrode manufacturing.

As the world transitions towards cleaner energy and electrified mobility, the demand for high-performance, stable, and environmentally friendly binders has surged. In this blog, we profile the Top 10 Companies in the CMC Binder Industry—a selection of global chemical giants and specialized manufacturers that are critical to the supply chain of next-generation batteries.

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🔟 1. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: High-Purity CMC Binders for Li-ion Battery Anodes

DuPont is a leading global materials science company with a strong portfolio of specialty materials for the energy sector. Their high-purity CMC binders are engineered to provide excellent adhesion, stability, and electrochemical performance in lithium-ion battery anodes, supporting longer battery life and enhanced safety.

Innovation & Sustainability Initiatives:

• Development of bio-based and sustainable CMC variants

• Strategic R&D partnerships with major battery manufacturers

• Commitment to carbon neutrality across its operations by 2050

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9️⃣ 2. Daicel Corporation

Headquarters: Osaka, Japan
Key Offering: Celogen™ CMC Binders

Daicel Corporation is a major Japanese chemical company with a significant presence in the specialty cellulose derivatives market. Its Celogen™ series of CMC binders are widely used in lithium-ion battery applications, known for their high viscosity, purity, and consistency.

Innovation & Sustainability Initiatives:

• Focus on high-performance materials for electric vehicle batteries

• Investment in green chemistry and sustainable production processes

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8️⃣ 3. Nouryon

Headquarters: Amsterdam, Netherlands
Key Offering: Bermocoll® and other specialty CMC binders

Nouryon, a former AkzoNobel specialty chemicals business, is a global leader in cellulose derivatives. The company offers a range of high-quality CMC binders tailored for the battery industry, focusing on improving electrode integrity and cycling performance.

Innovation & Sustainability Initiatives:

• Product innovation aimed at increasing battery energy density

• Sustainability initiatives focused on reducing the environmental footprint of chemical production

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7️⃣ 4. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Comprehensive battery materials portfolio including CMC binders

BASF is a leading chemical company and a major player in the battery materials ecosystem. Their CMC binders are part of a broader suite of solutions designed to enhance the performance and sustainability of lithium-ion batteries for automotive and industrial applications.

Innovation & Sustainability Initiatives:

• Integrated approach from raw materials to battery recycling

• Strong focus on developing binders for next-generation silicon-anode batteries

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6️⃣ 5. Kima Chemical Co., Ltd.

Headquarters: Seoul, South Korea
Key Offering: Specialty CMC for Energy Storage

Kima Chemical is a South Korean specialty chemical manufacturer with a growing focus on materials for the energy sector. The company supplies high-purity CMC binders to leading battery producers in Asia, emphasizing product quality and technical support.

Innovation & Sustainability Initiatives:

• Customized CMC solutions for specific battery chemistries

• Expansion of production capacity to meet rising demand from the EV sector

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5️⃣ 6. Fortune Biotech Ltd.

Headquarters: Shandong, China
Key Offering: Pharmaceutical and Battery-Grade CMC

Fortune Biotech is a Chinese manufacturer specializing in cellulose ethers, including CMC for various industrial applications. The company has carved a niche in the battery market by supplying cost-effective and reliable binders to a growing domestic and international customer base.

Innovation & Sustainability Initiatives:

• Focus on scaling production to leverage China’s dominant position in battery manufacturing

• Investment in R&D for improved binder performance characteristics

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4️⃣ 7. Changzhou Guoyu Environmental Technology Co., Ltd.

Headquarters: Changzhou, China
Key Offering: CMC Binders for Power Batteries

Changzhou Guoyu is a specialized Chinese producer of materials for the new energy industry. The company provides CMC binders that are critical for the production of high-density power batteries used in electric vehicles and large-scale energy storage systems.

Innovation & Sustainability Initiatives:

• Strong focus on the domestic Chinese EV and ESS markets

• Development of environmentally friendly production technologies

Download FREE Sample Report:
Global CMC Binder Market – View in Detailed Research Report

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3️⃣ 8. Changshu Wealthy Science and Technology Co., Ltd.

Headquarters: Suzhou, China
Key Offering: CMC and other cellulose ethers for batteries

Changshu Wealthy is a key supplier of cellulose ethers in China, with a significant portion of its output dedicated to the lithium-ion battery industry. The company’s products are known for their consistency and ability to meet the stringent requirements of modern electrode manufacturing.

Innovation & Sustainability Initiatives:

• Continuous improvement of product purity and performance

• Strategic positioning within China’s expansive battery supply chain

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2️⃣ 9. Jiangyin Hansstar Chemical Co., Ltd.

Headquarters: Jiangyin, China
Key Offering: Carboxymethyl Cellulose for Industrial Applications

Jiangyin Hansstar is a manufacturer of CMC with a diverse client base. The company has increasingly focused on the high-growth battery segment, supplying binders that contribute to the structural integrity and longevity of lithium-ion cells.

Innovation & Sustainability Initiatives:

• Adapting existing CMC production lines for battery-grade specifications

• Expanding market reach in Southeast Asia and beyond

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1️⃣ 10. Crystal Clear Electronic Material Co., Ltd.

Headquarters: China
Key Offering: Specialized Binders for Electronic Materials

Crystal Clear Electronic Material specializes in high-purity materials for the electronics industry, including binders for lithium-ion batteries. The company focuses on providing solutions that enable higher energy density and improved safety in battery cells.

Innovation & Sustainability Initiatives:

• R&D focused on compatibility with advanced anode materials like silicon

• Commitment to supplying the fast-evolving battery materials market

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Global CMC Binder Market – View in Detailed Research Report

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🔋 Outlook: The Future of CMC Binders in an Electrified World

The CMC binder market is at the heart of the global energy transition. As the demand for efficient and reliable energy storage continues to skyrocket, the role of high-performance binders becomes increasingly critical. The industry is moving beyond traditional formulations towards more advanced, specialized products.

📈 Key Trends Shaping the Market:

• Rising demand for electric vehicles (EVs) driving binder consumption

• Development of CMC binders for next-generation silicon and lithium-metal anodes

• Increasing focus on water-based binders as a more sustainable alternative to PVDF

• Geographic expansion of battery gigafactories creating new demand hubs

Get Full Report Here:
Global CMC Binder Market – View in Detailed Research Report

The companies listed above are not just supplying a chemical ingredient; they are enabling the clean energy revolution by providing the essential materials that make modern energy storage possible.