According to the recent report from QYResearch, the global Styrene-Butadiene Rubber (SBR) binder for lithium-ion batteries market reached USD 599 million in 2024 and is projected to climb to USD 1,154 million by 2031, growing at a 10.0% CAGR between 2025 and 2031. Asia-Pacific continues to dominate with approximately 80% market share, followed by Europe (11%) and North America (7%). Demand is concentrated in above-20% solids latex, which already accounts for 97% of global sales, and applications remain led by power batteries, with a 70% share. Recent price checks show battery-grade SBR latex typically sells for about RMB 200–600/kg (≈USD 27–82/kg) depending on origin/spec, with small-lot quotes commonly RMB 300–450/kg. Using RMB 350/kg as a working ASP and peer specialty-latex gross-margin bands (roughly low-teens to high-20s), an indicative COGS is ~RMB 245–310/kg, implying gross profit ~RMB 40–105/kg and a gross profit margin ~12–30%. Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) https://www.qyresearch.com/sample/3529994 Latest Data · Market size: USD 599 million in 2024 → USD 1,154 million in 2031, CAGR 10.0% · Regional mix (2024): Asia-Pacific ~80%, Europe ~11%, North America ~7% · By product type: Above 20% solids ≈97%; 15%–20% solids ≈3% · By application: Power battery ≈70%, energy storage and consumer battery covering the balance · Competition: Top five vendors ~76% of 2024 revenue Leading Companies Zeon Nippon A&L JSR Hansol Chemical LG Chem Trinseo BASF Shenzhen Yanyi New Materials Synthomer Haodyne Technology Classification 15%–20% Solid Above 20% Solid Applications Power Battery Energy Storage Battery Consumer Battery Company Updates 2024–2025 BASF expanded its Licity® binder portfolio in 2025, launching Licity® 2698 X F, a water-based binder engineered for silicon-rich anodes. The product features 48% solids, particle size ~179 nm, and enhanced adhesion for fast-charging cycles. Zeon formed a sales joint venture in China in early 2025 to strengthen distribution alongside separator solutions. The company is promoting water-based, PFAS-free binders as customers accelerate NMP-free processing. ENEOS Materials (JSR) updated its TRD series binders in 2025 to improve slurry stability and lower internal resistance, targeting both lithium-ion and nickel-metal hydride batteries. Synthomer introduced an updated datasheet for LITEX® LB 420 in May 2025, emphasizing slurry stability at 46% solids with viscosity below 200 mPa·s, designed for high-speed coating lines. Hansol Chemical advanced binder innovation in Korea throughout 2024–2025, with a focus on fluorine-free water-based solutions as local cell makers seek domestic sourcing. Product Profiles BASF — Licity® 2698 X F · Solids: ~48% · Particle size: ~179 nm · Tg: ~10 °C · Gel: ~85% · pH: ~6.0–6.5 · Designed for silicon-based anodes, improves cycle stability and fast-charge compatibility Zeon — BM-451B · Solids: 40.0 ± 1.0 wt% · Viscosity: ~50 mPa·s · pH: 8.0 ± 1.0 · Offers strong adhesion and reliable performance at low binder loading ENEOS Materials (JSR) — TRD104A · Solids: 45% · Particle size: ~0.17 µm · Tg: ~7 °C · pH: ~7 · Suitable for high-power applications, reduces internal resistance in anodes Synthomer — LITEX® LB 420 · Solids: 46% · pH: ~7.0 · Viscosity: <200 mPa·s · Provides slurry stability, enabling efficient high-solids mixing Nippon A&L — AL Series · Certified under IATF 16949:2016 · Engineered for lithium-ion and NiMH anodes · Balanced adhesion and resistance, with microscopy-verified uniform microstructure Downstream Customers CATL BYD Company LG Energy Solution Samsung SDI Panasonic Energy SK On EVE Energy CALB Gotion High-Tech Sunwoda Farasis Energy SVOLT Energy Northvolt Envision AESC Amperex Technology Limited (ATL) Market Trends 2025 Silicon-Rich Anodes Drive Binder Innovation Battery makers are increasingly moving toward silicon-containing anodes, which expand during cycling. This requires binders with high elasticity and strong adhesion. BASF’s 2025 launch of Licity® 2698 X F illustrates the industry’s shift to tailored binders capable of supporting anodes with more than 20% silicon content. Water-Based and PFAS-Free Solutions Gain Ground Environmental regulations in the United States and Europe are accelerating the transition to water-based, PFAS-free binder systems. Zeon and BASF are leading the way with binder chemistries that enable NMP-free electrode processing, supporting cleaner and more sustainable manufacturing. Capacity Expansion Boosts Binder Demand Global lithium-ion battery capacity reached approximately 3 TWh in 2024, with the potential to triple over the next five years. In the United States, operational capacity already exceeded 150 GWh in 2024, supported by announced projects nearing 1,400 GWh. This expansion drives corresponding growth in binder consumption for both EV batteries and energy storage systems. Regional Supply Chains Evolve Asia-Pacific holds around 80% of the market, but localization is becoming a critical theme. Incentives in North America and Europe are pushing manufacturers to secure regional binder supply. Zeon’s China venture and BASF’s global expansions show how suppliers are balancing scale in Asia with diversification elsewhere. High-Solids Processing Becomes Standard Above-20% solids binders now account for 97% of the market. Manufacturers emphasize slurry stability, coating performance, and rheology control to meet the needs of high-speed electrode production lines. Synthomer’s 2025 update of LITEX® LB 420 highlights this trend. Binders Enter Cathode Applications While traditionally used in anodes, SBR binders are beginning to expand into cathode processing, especially for LFP and other water-processable chemistries. Companies like Zeon are actively developing cathode-compatible water-based binders to reduce reliance on PVDF and NMP. 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