Development of China's lithium battery binder industry in 2020: my country's market size is 4.519 billion yuan

Lithium battery binder is a very important part of the positive and negative electrode materials of lithium batteries. It can tightly bond the active material, conductive agent and current collector in the electrode material, strengthen the active material and the conductive agent, and the active material and the active material. Electronic contact between current collectors to better stabilize the pole piece structure. The choice of binder greatly affects the fabrication process of the pole piece and the microstructure of the pole piece, which in turn affects the consistency of the pole piece.

1. Characteristics of my country's lithium battery binder demand

With the continuous increase in the development of new energy in my country, as one of the important energy storage and output buffer links in the energy structure adjustment and replacement petrochemical industry chain: lithium battery, because of its high specific energy, long cycle life, clean and non-toxic. pollution and other characteristics, are more and more widely used. In recent years, the demand for lithium batteries for 3C products has steadily increased, and with the gradual expansion of the market size of new energy vehicles and the expansion of demand for energy storage batteries, the scale of lithium battery production in my country has expanded year by year. In 2020, my country's lithium-ion battery output was 18.845 billion, an increase of 19.86% from 15.722 billion in 2019.

2013-2020 China Lithium-ion Battery Output Trend

Source: National Bureau of Statistics, Zhiyan Consulting

Guangdong Province is the largest lithium-ion battery production province in my country. In 2020, the output of lithium-ion batteries in Guangdong Province was 4.948 billion, that in Jiangsu was 2.852 billion, that in Fujian was 1.913 billion, and that in Henan was 1.637 billion.

Statistics of lithium-ion battery output in some provinces and cities in China from 2013 to 2020

Source: National Bureau of Statistics, Zhiyan Consulting

2. Analysis of the supply of lithium battery binders in my country

In 2020, the production capacity of my country's lithium battery binder industry will increase significantly to 85,000 tons, with an output of about 41,400 tons, an increase of 31.43% from 31,500 tons in 2019, and the capacity utilization rate will drop to 48.71%.

2011-2020 China Lithium Battery Binder Capacity and Capacity Utilization

Source: Compiled by Zhiyan Consulting

3. Analysis of the current situation of my country's lithium battery binder market

According to the "2022-2028 China Lithium Battery Binder Industry Investment Strategy Discussion and Market Scale Forecast Report" released by Zhiyan Consulting, the market size of my country's lithium battery binder market is 3.611 billion yuan in 2019, and will increase to 4.519 billion yuan in 2020. Yuan, a year-on-year increase of 42.07%.

2013-2020 China Lithium Battery Binder Market Scale

Source: Compiled by Zhiyan Consulting

From the perspective of market segments, in 2020, the market size of PVDF for lithium batteries in my country will be 2.379 billion yuan, and the market size of other lithium battery binders will be 2.14 billion yuan.

2013-2020 China Lithium Battery Binder Industry Segment Market Scale

Source: Compiled by Zhiyan Consulting

4. Analysis of market participation of lithium battery binders

Shandong Dongyue, Zhejiang Fonolin, Shanghai Sanaifu and other PVDF manufacturers basically occupy the absolute market of domestic PVDF adhesives, but for PVDF membrane coating products, because domestic enterprises have not yet reached the corresponding technical level, the current Chinese market It is monopolized by foreign companies such as Arkema of France, Solvay of the United States and Kureha of Japan.

Domestic Jingrui Co., Ltd. is in a leading position in the anode binder industry and binds the growth of major customers. In the SBR binder market, Japan's ZEON Group is the leading enterprise of negative water-based binders, and is the first Japanese company in the world to develop, produce and sell binders for water-based negative electrodes. Rapid development has been made in the field of negative electrode binders. The lithium battery binders produced have the advantages of less dosage, low internal resistance, outstanding low temperature resistance, and excellent cycle performance, which can meet customers' requirements for product characteristics (such as bonding performance, It can provide better bonding for lithium battery materials such as lithium manganate and lithium iron phosphate, especially suitable for the manufacture of large-size hybrid lithium batteries. At present, Jingrui Co., Ltd. is the leading echelon in China, and its main customers include well-known power lithium battery customers such as BYD, Lishen, and CATL.