Market overview
The global lithium battery binder chemicals market is worth USD 952 mn in 2026 and is forecast to reach USD 2.7 bn by 2036, growing at a 11.0% CAGR. China is the largest country market and PVDF is the largest by binder segment.
| Scope | Binder materials that hold electrode coatings together in lithium-ion cells: PVDF for cathodes, SBR latex and CMC for anodes, and acrylic, polyacrylic acid and polyimide binders for new chemistries. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 850 mn |
| Value 2026 | USD 952 mn |
| Value 2036 | USD 2.7 bn |
| CAGR 2026-2036 | 11.0% |
| Volume 2026 | 120,000 tonnes |
| Volume 2036 | 417,014 tonnes |
| Average price 2026 | USD 7,933 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Lithium Battery Binder Chemicals market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 952 mn |
| 2027 | USD 1.1 bn |
| 2028 | USD 1.2 bn |
| 2029 | USD 1.3 bn |
| 2030 | USD 1.4 bn |
| 2031 | USD 1.6 bn |
| 2032 | USD 1.8 bn |
| 2033 | USD 2.0 bn |
| 2034 | USD 2.2 bn |
| 2035 | USD 2.4 bn |
| 2036 | USD 2.7 bn |
Lithium Battery Binder Chemicals market segmentation
By binder
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| PVDF | 52.0% | 48.6% | USD 495 mn | 10.3% |
| SBR latex | 14.0% | 11.4% | USD 133 mn | 8.8% |
| CMC | 14.0% | 12.0% | USD 133 mn | 9.3% |
| Acrylic and aqueous cathode binders | 10.0% | 12.8% | USD 95 mn | 13.8% |
| PAA, polyimide and silicon-anode binders | 10.0% | 15.2% | USD 95 mn | 15.8% |
By application
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Electric vehicle batteries | 68.0% | 66.4% | USD 647 mn | 10.7% |
| Energy storage | 20.0% | 27.7% | USD 190 mn | 14.7% |
| Consumer electronics | 12.0% | 5.9% | USD 114 mn | 3.3% |
By electrode
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Cathode binders | 46.0% | 44.0% | USD 438 mn | 10.5% |
| Anode binders | 38.0% | 40.0% | USD 362 mn | 11.6% |
| Separator coatings and other | 16.0% | 16.0% | USD 152 mn | 11.0% |
By cell format
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Cylindrical | 32.0% | 30.0% | USD 305 mn | 10.3% |
| Prismatic | 38.0% | 38.0% | USD 362 mn | 11.0% |
| Pouch | 30.0% | 32.0% | USD 286 mn | 11.7% |
By cathode chemistry
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| NMC and NCA | 44.0% | 38.0% | USD 419 mn | 9.4% |
| Lithium iron phosphate | 38.0% | 46.0% | USD 362 mn | 13.1% |
| LCO, LMO and others | 18.0% | 16.0% | USD 171 mn | 9.7% |
Top 25 countries for lithium battery binder chemicals by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 98.5% of 2026 revenue and the 25 countries below together hold 99.6%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 666 mn | 70.0% | USD 1.8 bn | 10.4% |
| 2 | South Korea | USD 86 mn | 9.0% | USD 211 mn | 9.4% |
| 3 | Japan | USD 48 mn | 5.0% | USD 89 mn | 6.5% |
| 4 | United States | USD 48 mn | 5.0% | USD 197 mn | 15.3% |
| 5 | Poland | USD 24 mn | 2.5% | USD 70 mn | 11.4% |
| 6 | Hungary | USD 19 mn | 2.0% | USD 62 mn | 12.6% |
| 7 | Germany | USD 19 mn | 2.0% | USD 62 mn | 12.6% |
| 8 | India | USD 14 mn | 1.5% | USD 124 mn | 24.2% |
| 9 | Sweden | USD 9.5 mn | 1.0% | USD 46 mn | 17.1% |
| 10 | Thailand | USD 4.8 mn | 0.5% | USD 16 mn | 13.0% |
| 11 | Indonesia | USD 1.2 mn | 0.1% | USD 3.5 mn | 11.0% |
| 12 | Vietnam | USD 1.1 mn | 0.1% | USD 3.2 mn | 11.0% |
| 13 | Canada | USD 1.1 mn | 0.1% | USD 3.0 mn | 11.0% |
| 14 | France | USD 0.95 mn | 0.1% | USD 2.4 mn | 9.8% |
| 15 | Morocco | USD 0.86 mn | 0.09% | USD 2.4 mn | 11.0% |
| 16 | Czech Republic | USD 0.76 mn | 0.08% | USD 1.9 mn | 9.5% |
| 17 | Spain | USD 0.76 mn | 0.08% | USD 1.9 mn | 9.5% |
| 18 | Turkey | USD 0.67 mn | 0.07% | USD 1.6 mn | 9.3% |
| 19 | Malaysia | USD 0.57 mn | 0.06% | USD 1.6 mn | 11.0% |
| 20 | Brazil | USD 0.48 mn | 0.05% | USD 1.4 mn | 11.0% |
| 21 | Mexico | USD 0.48 mn | 0.05% | USD 1.1 mn | 8.6% |
| 22 | United Kingdom | USD 0.38 mn | 0.04% | USD 1.1 mn | 11.0% |
| 23 | Italy | USD 0.38 mn | 0.04% | USD 1.1 mn | 11.0% |
| 24 | Slovakia | USD 0.38 mn | 0.04% | USD 0.81 mn | 7.8% |
| 25 | Norway | USD 0.29 mn | 0.03% | USD 0.81 mn | 11.0% |
| Rest of world | USD 3.9 mn | 0.4% | USD 10 mn | 9.9% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Arkema
- Syensqo
- Kureha
- Zeon
- JSR
- LG Chem
Group 2: Regional and specialist players
- Daikin
- Ashland
- Daicel
- Shanghai 3F New Materials
- Dai-ichi Kogyo Seiyaku
- Zhejiang Fotech International
- UBE Corporation
Group 3: Emerging and niche players
- Shandong Dongyue
- Juhua Group
- Chengdu Indigo Power
- Sumitomo Seika Chemicals
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the lithium battery binder chemicals market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 11.0% is calculated from the resulting values.
The market is divided by binder, by application, by electrode, by cell format, by cathode chemistry. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the lithium battery binder chemicals market?
The global lithium battery binder chemicals market is estimated at USD 850 mn in 2025 and USD 952 mn in 2026.
How fast will the lithium battery binder chemicals market grow?
It is forecast to reach USD 2.7 bn by 2036, a compound annual growth rate of 11.0% from 2026, an increase of USD 1.8 bn.
Which country is the largest market for lithium battery binder chemicals?
China is the largest market by revenue at USD 666 mn in 2026, 70.0% of the global total. The three largest countries together hold 84.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 24.2% a year from 2026 to 2036.
Which lithium battery binder chemicals segment is largest?
In the by binder split, PVDF is the largest segment with 52.0% of 2026 revenue.
Who are the leading lithium battery binder chemicals companies?
Global leaders include Arkema, Syensqo, Kureha, Zeon.
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