FMI assessed that the high-nickel NCM cathode binder latex market was valued at USD 324.0 million in 2025. Revenue is projected to reach USD 420.0 million in 2026 and USD 1,040.8 million by 2036. SBR latex is anticipated to lead by Latex Chemistry with 43.0% share in 2026, and NCM811 is estimated to lead the Cathode Grade segment with a 46.0% share in 2026.