Battery Binders Market Size Expected to Reach USD 8.20 Bn by 2033 [Yahoo! Finance]
BASF SE S/ADR (BASFY)
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Source: Yahoo! Finance
Ottawa, April 22, 2024 (GLOBE NEWSWIRE) -- The global battery binders market size was estimated at USD 3.60 billion in 2023 and is projected to surpass around USD 7.55 billion by 2032, According to Precedence Research. The battery binders market is driven by new technologies, a rise in demand for electric vehicles , changing consumer preferences, and R&D initiatives. The battery binders market is the industry that produces, distributes, and sells binders used in battery manufacturing. Binders are critical components in battery systems because they serve to keep coated particles together, bind to metal or separator membranes, aid in film development, form particle dispersion, and remain stable in severe environments. They can be either water-based or solvent-based, with solvent-based binders incurring additional expenses for recovery and environmental compliance. When selecting a binder, examine its ability to execute jobs, withstand severe environments, and improve battery performa
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