Global Polymer Binders Market is segmented by Type (Acrylic, Vinyl Acetate, and Latex), Form (Liquid, Powder, and High Solids), Application (Architectural Coatings, Adhesives & Sealants, Textile & Carpets, Paper & Board, and Construction Additives) and Region (North America, South America, Asia Pacific, Europe and Middle East & Africa) is estimated to reach US$ 45.35 Bn by 2027 growing at a CAGR of 7.28 % during forecast.
Rising consumption led by growth in the construction activities across emerging economies. In addition, the increased demand for technical textiles and automotive drives the demand for polymer binders. Polymer binders are majorly used as mortar additives for the performance modifications of mortars.
Collaborative approach to new product development builds and differentiating technologies offers an opportunity to market. Strong manufacturing grid, R&D centers, and application facilities in Europe, Asia Pacific, and the Americas further propels the market growth.
Increasing construction activities to uplift polymer binder market.
Construction industry drives the demand for architectural coatings and additives thereby positively impact on the growth of the polymer binders market. Polymer binder finds its numerous application in skim coat/ wall putty, tile grouts, renders and plasters, tile adhesives, self-leveling systems, waterproofing membranes, cement admixtures and etc.
Vinyl acetate is projected to be the fastest-growing segment of the polymer binders market.
Vinyl acetate offers an excellent pigment binding capacity and excellent oil & grease and dust resistance. Vinyl acetate coating binders has a positive impact in a cost and quality sensitive marketplace. Technological advancements have created new kinds of vinyl acetate-based coating binders. Vinyl acetate and ethylene (VAE) are growing in demand because of their ability to extend or sometimes replace styrene butadiene (SB) and styrene acrylate (SA) coating binders.
Asia Pacific is projected to be the fastest-growing polymer binders market.
Rapid industrialization and urbanization in Asia pacific region led by emerging countries, such as India, China, and South Korea is forecasted to drives the market growth. Infrastructure development like construction of building, roadways, pipes and bridges uses a polymer binder on a large scale. Upcoming constructions and infrastructure projects including new roads, dams, upgrading of sewerage system will create an opportunity for the industries and market.
This report includes a study of marketing and development strategies, along with the Form portfolios of leading companies. It includes the profiles of leading manufacturers such as BASF, DowDuPont, Celanese Corporation, Arkema, Wacker, Trinseo, Taogosei, Synthomer, Dairen Chemical and OMNOVA.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global polymer binder market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global polymer binder market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market of our clients and at the same time explain global Polymer Binder market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Polymer Binder Market”.
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