The Global Lithium Battery Binder Market was valued at USD 2.45 Billion in 2023 and is projected to reach USD 5.12 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period (2024–2030). This robust growth is being fueled by the exponential rise in Electric Vehicle (EV) production, the expansion of grid-scale energy storage systems, and the relentless demand for higher energy density and longer-lasting batteries in consumer electronics.

Binders are the critical, though often overlooked, component in lithium-ion batteries, acting as the glue that holds active electrode materials together and ensures structural integrity. As battery technology advances toward silicon-anodes, solid-state designs, and faster charging capabilities, the innovation from binder suppliers becomes paramount. In this blog, we profile the Top 10 Companies in the Lithium Battery Binder Industry—a group of chemical giants and specialized manufacturers that are essential to the performance and safety of modern energy storage.

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🔟 1. Zeon Corporation

Headquarters: Tokyo, Japan
Key Offering: Bindfast™ aqueous anode binders, Specialty polymers for cathodes

Zeon Corporation is a global leader in synthetic rubber and specialty chemicals, with a dominant position in the lithium battery binder market. Its flagship Bindfast™ series of styrene-butadiene copolymer (SBR) binders are widely adopted for graphite anodes due to their excellent binding strength, flexibility, and compatibility with aqueous processing, which is more environmentally friendly than traditional solvent-based systems.

Innovation & Market Focus:

• Pioneer in water-based binder systems, reducing VOC emissions

• Strong R&D focus on binders for next-generation silicon-rich anodes

• Strategic partnerships with major battery manufacturers in Asia and North America

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Licity® cathode binders, Anode binders, Functional polymer additives

As one of the world’s largest chemical companies, BASF brings immense R&D capability and global scale to the battery materials sector. Its Licity® binder series for cathodes, based on polyacrylic acid (PAA), offers superior adhesion and electrochemical stability, which is critical for high-nickel NMC and cobalt-free LFP cathode chemistries.

Innovation & Market Focus:

• Development of binders for high-voltage cathode materials

• Integrated offerings that combine binders with active materials and dispersants

• Commitment to sustainability with bio-based and recyclable polymer initiatives

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8️⃣ 3. Arkema Group

Headquarters: Colombes, France
Key Offering: Kynar® PVDF binders, Sartomer® acrylic binders

Arkema is a world-renowned specialist in high-performance materials, and its Kynar® polyvinylidene fluoride (PVDF) is the industry standard binder for lithium-ion battery cathodes. PVDF is prized for its excellent chemical resistance, thermal stability, and binding properties in demanding applications.

Innovation & Market Focus:

• Leading global producer of PVDF, with significant capacity expansions announced

• Innovating water-based and solvent-free binder alternatives to meet regulatory trends

• Focus on binders for solid-state batteries and other advanced cell architectures

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Lithium Battery Binder Market – View in Detailed Research Report

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7️⃣ 4. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Solef® PVDF, Specialty polymers for binders and separators

Solvay is another European chemical powerhouse with a strong foothold in the PVDF binder market through its Solef® product line. The company serves a global customer base and is heavily invested in developing solutions that enhance battery performance, safety, and longevity.

Innovation & Market Focus:

• Investment in circular economy models for battery materials, including binder recycling

• R&D on functionalized polymers that improve ionic conductivity

• Collaborations with automotive OEMs and battery gigafactories

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6️⃣ 5. LG Chem

Headquarters: Seoul, South Korea
Key Offering: Cathode binders, Anode binders, Battery component materials

LG Chem leverages its unique position as both a major battery cell manufacturer (LG Energy Solution) and a leading chemical supplier. This vertical integration provides deep insights into binder performance requirements, allowing it to develop highly optimized materials for its own cells and the open market.

Innovation & Market Focus:

• Proprietary binder formulations for high-energy-density NCMA cathode chemistries

• Development of binders that mitigate silicon anode expansion issues

• Focus on improving fast-charging capabilities and cycle life

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5️⃣ 6. Kureha Corporation

Headquarters: Tokyo, Japan
Key Offering: KF Polymer® PVDF binders

Kureha is a key global supplier of PVDF binders, competing directly with Arkema and Solvay. The company has a long history in fluoropolymer technology and has established itself as a reliable partner for battery makers, particularly in the Asian market.

Innovation & Market Focus:

• Strategic expansion of PVDF production capacity to meet surging demand

• Focus on high-purity grades of PVDF for premium battery applications

• Technical support services tailored to customer-specific electrode formulations

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4️⃣ 7. Trinseo

Headquarters: Berwyn, Pennsylvania, USA
Key Offering: Styron™ and other latex binders for anodes

Trinseo is a leading materials solutions provider with expertise in emulsion polymers. Its latex binders, derived from styrene-butadiene technology, are effective aqueous alternatives for anode manufacturing, offering good dispersion and binding properties for graphite particles.

Innovation & Market Focus:

• Emphasis on sustainable, water-based binder systems

• Customization of binder properties to work with different graphite and silicon blends

• Growing presence in the North American and European EV supply chains

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3️⃣ 8. JSR Corporation

Headquarters: Tokyo, Japan
Key Offering: Aqueous binders, Functional polymers for batteries

JSR is a multinational company renowned for its expertise in elastomers, plastics, and other high-performance materials. While it has a diverse portfolio, its activities in the battery space include developing advanced binders that enhance electrode performance and processing.

Innovation & Market Focus:

• Research into binders that improve the durability of high-capacity electrodes

• Development of multi-functional polymers that act as both binders and conductive agents

• Collaboration with research institutions on next-generation battery technologies

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2️⃣ 9. Showa Denko K.K. (Now Resonac Holdings)

Headquarters: Tokyo, Japan
Key Offering: Carbon anode materials, Binder polymers

Following its merger to form Resonac Holdings, the company combines Showa Denko’s strong materials science heritage with a focused strategy on growth sectors like electronics and energy. Its expertise in carbon materials gives it a unique advantage in developing compatible binder systems for anodes.

Innovation & Market Focus:

• Integrated approach offering both anode active materials and complementary binders

• Focus on binders for high-power applications requiring robust mechanical properties

• Expansion of production capabilities to serve the global EV market

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1️⃣ 10. Eternal Materials Co., Ltd.

Headquarters: Kaohsiung, Taiwan
Key Offering: PVDF binders, Acrylic binders, Epoxy resins

Eternal Materials is a significant player in the Asian chemical market, producing a wide range of synthetic resins and electronic materials. The company has been actively expanding its portfolio of binders for lithium-ion batteries, catering to the dense network of battery manufacturers in Taiwan, China, and South Korea.

Innovation & Market Focus:

• Cost-competitive production of PVDF and alternative binder chemistries

• Strong regional presence and supply chain logistics in East Asia

• Investment in R&D to keep pace with evolving battery performance requirements

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Lithium Battery Binder Market – View in Detailed Research Report

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🔋 Outlook: The Future of Lithium Battery Binders Is High-Performance and Sustainable

The lithium battery binder market is undergoing a significant transformation. While traditional binders like PVDF and SBR continue to dominate, the industry is racing to develop next-generation solutions that enable higher energy densities, faster charging, improved safety, and better sustainability profiles.

📈 Key Trends Shaping the Market:

• Shift to Water-Based Systems: Growing environmental and regulatory pressure is accelerating the adoption of aqueous binders over toxic solvent-based systems like NMP.

• Silicon Anode Compatibility: The integration of silicon into anodes to boost capacity requires binders with exceptional elasticity to accommodate large volume expansion during cycling.

• Solid-State Battery Development: The emergence of solid-state batteries demands entirely new binder systems that are compatible with solid electrolytes and enable stable interfaces.

• Multi-Functional Binders: Research is focused on binders that also provide conductive or ionic-conductive properties, simplifying electrode manufacturing and enhancing performance.

The companies listed above are not just supplying a basic component; they are enabling the technological leaps that will define the next decade of energy storage, from longer-range electric vehicles to more resilient power grids.

Get Full Report Here:
Lithium Battery Binder Market – View in Detailed Research Report