Core Insights - PAA (Polyacrylic Acid) is emerging as a new lithium battery anode binder, offering advantages such as water solubility, high adhesion, chemical stability, and cycling performance, which are increasingly important in the context of global energy transition and the rapid growth of the electric vehicle industry [1][9][11] - The global PAA binder market is projected to grow from 21.494 billion yuan in 2022 to 23.414 billion yuan in 2024, reflecting a significant increase in demand [1][9] Industry Overview - PAA is recognized for its unique bonding characteristics and compatibility with silicon-based materials, positioning it as a potential replacement for traditional binders like CMC+SBR, especially in high-capacity lithium battery applications [2][3] - Compared to traditional binders, PAA is more environmentally friendly and effectively addresses the expansion issues associated with silicon-based anodes, enhancing cycling performance [3][5] Market Dynamics - The demand for PAA is expected to rise significantly due to the increasing application of lithium batteries in electric vehicles and consumer electronics, with a compound annual growth rate (CAGR) of 53.98% in China from 2021 to 2024 [11][18] - The Chinese PAA binder industry has reached a domestic production capacity exceeding 10,000 tons, with a localization rate of 95%, indicating strong domestic competition [13][20] Competitive Landscape - Major players in the PAA market include both domestic companies like Jingrui Electric Materials and Huaitian New Materials, and international firms such as Rion Corporation and JSR Corporation, with domestic firms rapidly increasing their market share [2][14][16] - The competitive environment is intensifying, with companies facing pressures from price competition and technological advancements, prompting them to enhance collaboration across the supply chain [20][22] Future Trends - The market for PAA is expected to continue expanding, driven by its applications in various sectors including coatings, paper, and water treatment, particularly as environmental regulations become stricter [18][19] - Ongoing technological innovations are aimed at improving PAA's performance, including increased bonding strength and chemical resistance, which will further enhance its application in lithium batteries [19][20]
研判2025!中国PAA(聚丙烯酸)粘结剂行业产业链、市场规模、竞争格局及发展前景分析:锂离子电池需求持续攀升,驱动PAA需求规模超2.3万吨 [图]