Global Polymer Binders Market, By Type (Acrylic, Vinyl Acetate and Latex), Form (Liquid, Powder and High Solids), Applications (Architectural Coatings, Adhesives and Sealants, Textile and Carpets, Paper and Board and Construction Additives), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Polymer Binders Market
The rising investment in the construction industry will enable the polymer binders market to jump in the current market value that is USD 28.11 billion to USD 53.6 billion by the year 2028. Data Bridge Market Research analyses that the market will exhibit a CAGR of 8.4% for the forecast period of 2021-2028.
Polymer binders are raw materials that have immense comprehensive strength, flexural strength, are durable and are used in the construction and coatings industry. These are the valuable raw materials that are used in mortar repair, decorating and waterproofing of mortars among others. Polymer binders show excellent bonding strength, alkali and abrasion resistance and pigment binding capacities. Polymer binders are also used in areas of lamination, sealant, paper industry among others.
The growth in the construction industry especially in developing countries due to rapid urbanization and modernization will conclusively lead to the growth in the polymer binders industry. Increased demand for technical textiles and increasing per capita paint utilization will create more lucrative opportunities for the growth of the polymer binders market. Polymer binders are better alternatives to conventional resins. This in turn will also act in favour of the market.
However, high investment costs will limit down the growth of the market. Also, the demand for polymer binders will get impacted due to the presence of paper and carpet products in the market. There are risks associated with spray dying which is another application of polymer binders. Due to the risks prevailing, the market growth will be restricted.
This polymer binders market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polymer binders market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polymer Binders Market Scope and Market Size
The polymer binders market is segmented on the basis of type, form and applications. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- The polymer binders market is segmented on the basis of type into acrylic, vinyl acetate and latex. Acrylic is further sub-segmented into pure acrylic, styrene acrylic and vinyl acrylic. Vinyl acetate is further sub-segmented into polyvinyl acetate, vinyl acetate ethylene and ethylene acetate ethylene. Latex can also be further bifurcated into styrene butadiene copolymer and styrene butadiene rubber.
- On the basis of form, the polymer binders market is segmented into liquid, powder and high solids.
- On the basis of application, the polymer binders market is segmented into architectural coatings, adhesives and sealants, textile and carpets, paper and board and construction additives. Textile and carpets are further sub-segmented into textile coating and carpet backing. Construction additive can also be further bifurcated into tiling and flooring, mortar mix, plastering and insulation systems.
Global Polymer Binders Market Country Level Analysis
The polymer binders market is analysed and market size, volume information is provided by country, type, form and applications as referenced above.
The countries covered in the polymer binders market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is projected to undergo the largest and the highest growth rate for the forecast period. This is because of the growing public and private infrastructural demands especially in the developing countries across this region. Also, the major key players and producers of polymer binders are present in this market. The region also holds the third position in the list of largest textile industries across the globe which will help the region to maintain its dominant position during the forecast period.
The country section of the polymer binders market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polymer Binders Market Share Analysis
The polymer binders market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polymer binders market.
The major players covered in the polymer binders market report are BASF SE, DuPont., Arkema, Celanese Corporation, Wacker Chemie AG, synthomer plc, TOAGOSEI CO., LTD., DCC, OMNOVA Solutions Inc., Trinseo., Aadharshila Designs Pvt Ltd., Chemrez Technologies, Inc., Chang Chun Group., shandong hearst building materials co.,ltd, Zydex Industries., Bosson Union Tech(Beijing) Co.,Ltd, D&L Industries, Inc., Thurs Organics Pvt. Ltd. and Astra Chemtech Pvt.Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.