Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The Polymer Binders Market is currently undergoing significant trends that are reshaping the industry across diverse applications. One notable trend is the increasing demand for polymer binders in the construction sector. As the construction industry focuses on sustainable and energy-efficient building solutions, polymer binders play a crucial role in enhancing the performance and durability of construction materials. These binders are widely used in paints, coatings, adhesives, and mortars, contributing to improved strength, flexibility, and weather resistance. This trend aligns with the construction industry's commitment to environmentally friendly and high-performance building practices.
Environmental sustainability is a key driver influencing market trends in the Polymer Binders Market. With a growing emphasis on reducing volatile organic compound (VOC) emissions and adopting eco-friendly manufacturing processes, there is a shift towards the development of water-based and low-VOC polymer binders. Manufacturers are investing in research and development to create binders that meet stringent environmental standards, contributing to the industry's push for green and sustainable products. This trend reflects the increasing awareness of environmental issues and the desire for responsible and eco-conscious material choices.
Technological advancements play a pivotal role in shaping market trends in the Polymer Binders Market. Ongoing research efforts focus on improving the properties and performance of polymer binders, including advancements in polymerization techniques and formulation technologies. Innovations in polymer binder chemistry contribute to the development of binders with enhanced adhesion, film-forming capabilities, and compatibility with various substrates. These technological trends address the industry's need for binders that provide superior performance characteristics in a wide range of applications.
The paint and coatings industry is another significant influencer of market trends in the Polymer Binders Market. Polymer binders are essential components in the formulation of paints and coatings, providing the necessary adhesion and film-forming properties. As the demand for high-performance and eco-friendly coatings increases, the market witnesses a growing preference for polymer binders that contribute to low-VOC formulations and improved durability. This trend is driven by consumer awareness, regulatory requirements, and the architectural and industrial sectors' pursuit of sustainable coating solutions.
Supply chain dynamics and raw material costs are critical factors impacting market trends in the Polymer Binders Market. The availability and pricing of raw materials, such as monomers and additives, can influence the overall cost of polymer binder production. Fluctuations in raw material prices, geopolitical factors affecting the supply chain, and global economic conditions can pose challenges for manufacturers. Companies in the Polymer Binders Market are actively managing their supply chains, exploring alternative raw materials, and adopting strategies to ensure a stable and cost-effective production process.
Moreover, there is a growing trend towards the development of bio-based and renewable polymer binders. As the industry seeks to reduce its dependence on fossil fuels and lower carbon footprints, there is an increasing interest in using bio-derived feedstocks for polymer binder production. This trend aligns with the broader push for sustainable and circular economy practices, addressing environmental concerns associated with traditional polymer binder manufacturing methods.
Polymer Binders Market Highlights:
Polymer Binders Market Overview
Based on the Polymer Binders Market trends it is estimated that the global market of polymer binders will reach up to USD 54.6 billion and register a CAGR of 8.9% within the forecast period. The demand for polymer binders is consistently on the rise due to continuous growth in the construction industry across the globe.
Polymer binders are used to bind different types of materials of a structure so that the entire structure gets added strength. These binders are either solid or liquid, which when undergoing a chemical process works as a binding agent. Thickeners, adhesives, or glues are common binding agents. The polymer binders have many application areas such as construction, textiles, paints, pharmaceuticals, and paper. Depending upon the solvent used, the polymer binders can be solvent-borne or waterborne.
When used on a substrate, the polymer binders bind so efficiently thus adding more strength and durability to the substrate. As these binders do not react chemically with other substances, the substrates do not get worn out easily. Cement, gypsum, and lime are some of the important synthetic binders that have continuous demands, especially from the construction sector.
Bitumen, latex or plant glues, and PVA are some of the organic-based polymeric binders.
COVID-19 Analysis
Like any other industry, Polymer Binders Industry got affected negatively due to strict lockdown and travel restrictions. Due to logistics problems, it was difficult to maintain the supply chain during the pandemic period. This affected the global Polymer Binders Market Growth.
Market Dynamics
Market Drivers
One of the important market drivers for the growth of the Polymer Binders Market is definitely the increase in infrastructural development across the globe. Additionally, the per capita paint consumption is also increasing so it is expected that the Polymer Binders Market Size will reach the estimated value within the forecast period.
Restraints
The slow growth of some application sectors of the Polymer Binders Market such as the papers & boards sector may restrain the market of polymer binders from growing rapidly.
Opportunities
The continuous rise in the demand for Polymer binders in the industries such as textile, construction, paints, and paper will open up many opportunities for the significant growth of the Polymer Binders Market across the globe.
Challenges
The growth of the paper and board industry is going to remain slow in the forecast period which is definitely going to hamper the Polymer Binders Market Value significantly.
Cumulative Analysis
The global polymer Binders Market Revenue is expected to reach up to USD 54.6 billion by the end of 2030. Despite being affected by certain issues during the pandemic period, the global Polymer Binders Market is going to show steady growth in the coming years.
Value Chain Analysis
The global Polymer Binders Market is having a Value Chain that is continuously evolving. Relaxation of government norms, investment by the key players of polymer binders sector, incorporation of new technology, and continuous rise in the demands for these Feed binders n the industries such as textile, construction, and pharmaceuticals have enhanced the value chain of the Polymer Binders Market.
Market Segmentations
The global Polymer Binders Market is divided on the basis of type, application, form, and region. This segmentation helps in understanding the different aspects of the huge Polymer Binders Market Size and its current and future trends.
The polymer binders market is sub-divided into powder, liquid, high-solid, and others based on the form.
On the basis of type, the Polymer Binders Market is sub-divided into latex, acrylic, vinyl acetate, polyester, polyurethane, and others.
Based on the application type, the market of polymer binders is further divided into construction, pharmaceuticals, Paints and Coatings, textiles & carpets, paper & boards, and others.
Based on the origin, the polymer binders are sub-divided into natural and synthetic.
Based on the region, the global Polymer Binders Market is sub-divided into North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.
Global Polymer Binders Market Share, by End-Use, 2017 (%)
Source: MRFR analysis
Regional Analysis
For preparing this report of the global Polymer Binder Market, five regions such as Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa are studied.
The largest Polymer Binders Market Share is occupied by the Asia Pacific region and it is going to maintain its growth steadily during the forecast period. The most important factor of this market expansion is due to the growth of the automobile industry in this region. The continuous construction activities in various countries of this region such as Malaysia, Myanmar, India, and Thailand would help in the expansion of the Polymer Binders Market of this region. China is a favorable market for polymer binders as it is the highest consumer of sealants and adhesives. Due to the rapid growth of the textile industry in the Asia Pacific Region, the market of Polymer binders is going to increase in this region.
The Polymer Binders Market is going to have significant growth in Europe and North America region. The important market drivers for the growth are the growth of the automobile industry, huge technological advancements, and rapid industrialization.
Competitive Analysis
New ventures, expansion of business, adoption of new technologies, and huge investment in research and development activities of polymer binders by the key players in the global Polymer Binders Market are going to help in the consistent growth of this sector. For example, in 2018, BASF (Germany) has started producing the JONCRYL emulsion brand from its production site in the Netherlands to meet up the increasing demands from the paper & board and ink industries in Europe.
Some of the major key players in the Polymer Binders Industry are:
- BASF SE (Germany)
- Wacker Chemie AG (Germany)
- OMNOVA Solutions Inc. (US)
- Celanese Corporation (US)
- Chemrez Technologies Inc. (Philippines)
- Arkema (France)
- Dairen Chemical Corporation (Taiwan)
- Toagosei Co. Ltd. (Japan)
- VISEN Industries Limited (India)
- Shandong Hearst building materials co. ltd. (China)
Recent Development
- DowDuPont(US) has launched its brand RHOBARR, fluorocarbon-free binders, for the paper & board industry in 2017. This helped in strengthening the oil and grease-resistant coating.
- The production capacity of SYNAQUA emulsions of Arkema(France) was increased in October 2018 to fulfill the rising demand for polymer binders in the market of North America.
- The production capacity of VAE dispersion of Wacker was increased at the company’s production site at Ulsan, South Korea.
Report Overview
The report overview of the Polymer binders Market is given below.
- Market Overview
- COVID-19 analysis
- Dynamics of the market
- Value chain analysis
- Market segmentation
- Regional analysis
- Competitive analysis
- Recent development
Report Scope and Segmentation
The scope of the report is to provide relevant and valuable information by doing a detailed analysis of the global Polymer Binders Market. The report provides information about opportunities, challenges, market segmentation, regional analysis, competitive analysis, key market drivers, and estimated revenue of the global Polymer Binders Market.
- Study Period-2022-2028
- Base Year-2022
- Forecast Period-2022-2028
- Historical Period-2017-2021
Segmentation
Based on Application
- Pharmaceuticals
- Construction
- Textiles
- Paints & coatings
- Paper & boards
Based on form
- Powder
- Liquid
- High-solid
Based on type
- Polyurethane
- Polyester
- Vinyl acetate
- Latex
- acrylic
Based on regions
- North America
- Latin America
- Europe
- Asia-Pacific
- Middle East & Africa
Based on origin
- Natural
- Synthetic
- Beta
Beta feature
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
