my country’s SBR binder import demand is high and there is huge room for localization in the future

Water-based binders mainly include poly(PTFE) emulsion, styrene-butadiene (SBR) emulsion, water-based polyacrylate (PAA) emulsion, etc. Among them, SBR is the most widely used water-based binder and is mainly used in lithium batteries. field. SBR is easily soluble in water and has the advantages of high bonding strength, good mechanical stability, and high operability. It is currently used in consumer batteries, energy storage batteries, power batteries and other fields.

In recent years, benefiting from the development of the new energy industry, my country’s lithium-ion battery shipments have continued to rise, from 82GWh in 2017 to 325GWh in 2021. my country’s lithium-ion battery production is relatively high, among which Guangdong, Jiangsu, Fujian and Henan provinces have higher production.

According to the released “2022-2027 SBR Binder Industry Market In-depth Research and Investment Prospects Forecast Analysis Report” shows that benefiting from With the development of my country’s lithium-ion battery industry, my country’s lithium battery binder production capacity continues to rise, from 22,000 tons in 2017 to 88,000 tons in 2021. SBR binder is an important type of lithium battery binder and has also maintained high growth. In recent years, my country’s demand for SBR binder has continued to rise, from 2,055 tons in 2017 to about 8,322 tons in 2021. As demand rises, my country’s SBR binder market continues to rise, growing from 260 million yuan in 2017 to 1.05 billion yuan in 2021.

In terms of import and export, my country’s SBR import volume has been relatively stable in the past five years, remaining at 92,000 tons. From the perspective of importing countries, my country’s SBR is mainly imported from Germany, Japan, South Korea, the United States, Poland and other countries, with Germany accounting for 38%, followed by Japan accounting for 24%.

In the world, Japan has an early layout in the field of SBR adhesives, with relatively mature technology and superior product performance. Representative companies include A&L Co., Ltd., JSR Co., Ltd., Zeon Group, etc. At present, my country’s SBR binder manufacturers include Crystal Rui shares. The global SBR binder accounts for 98% of the negative electrode binder market. Foreign products have occupied the main market for many years, and domestic products have gradually become localized. Jingrui shares account for 45% of the global market.

Kangda New Materials is mainly deployed in the fields of PVDF and SBR adhesives. Driven by the development of the lithium battery materials industry, the company’s revenue continues to rise. Revenue in 2021 will reach 2.272 billion yuan, a year-on-year increase of 17.57%, of which the adhesive business continues to rise.

Industry analysts said that SBR binder is an important water-based binder and a common negative electrode binder. Mainly used in the field of lithium batteries. Benefiting from the rapid development of the lithium battery industry, my country’s demand for binders is rising, and the SBR binder industry has good development prospects. In terms of market competition, there are currently many companies in the field of SBR adhesives. Chinese companies are gradually realizing localization and their share in the global market continues to increase. Kangda New Materials has been in the field of SBR adhesives for a long time and has a competitive advantage in the domestic market. Its revenue has continued to rise in recent years.