Latex Binders, Lithium-Ion Batteries, and Electric Vehicles
Although binder adhesives are a small component of the lithium-ion batteries that power electric vehicles, they play a critical role in ensuring performance and efficiency while providing improved battery kinetics.
The electric vehicle (EV) market is witnessing exponential growth, projected to expand at a CAGR of approximately 26%.1 In turn, investment is increasing in lithium-ion (Li-ion) batteries to meet the rising market demand. Since first commercially introduced in 1991, Li-ion batteries have become an integral part of modern technology, especially for EVs. Ten years ago, the Li-ion battery could support 100 miles in an electric car. Now, it can support 200-plus miles.
Despite this progress, the increase for capacity by weight has slowed over the past three years, creating an opportunity to refine Li-ion battery components and enhance performance. Materials companies are searching for solutions to refine the Li-ion battery, increase its capacity, and enhance its charging capabilities without increasing its weight.