ID: MRFR/CnM/5715-HCR | February 2021 | Region: Global | 140 pages
Based on the Polymer Binders Market trends it is estimated that the global market of polymer binders will reach up to USD 50.5 billion 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. The 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.
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.
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.
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.
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.
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.
The global polymer Binders Market Revenue is expected to reach up to USD 50.5 billion by the end of 2028. 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 binders in the industries such as textile, construction, and pharmaceuticals have enhanced the value chain of the Polymer Binders Market.
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 & 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
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.
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:
The report overview of the Polymer binders Market is given below.
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.
|Market Size||2030 : Significant Value|
|CAGR||2030 : Substantial Value|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material Type, Application and End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||BASF SE (Germany), Wacker Chemie AG (Germany), Celanese Corporation (US), Arkema (France), Dairen Chemical Corporation (Taiwan), Chemrez Technologies, Inc. (Philippines), OMNOVA Solutions Inc. (US), Toagosei Co., Ltd. (Japan), Visen Industries Limited (India), and shandong hearst building materials co., ltd. (China)|
|Key Market Opportunities||Increasing demand for the product in the major end-use industries such as construction, paints and coatings, and textiles and paper, among others|
|Key Market Drivers||Increasing disposable and per capita income, and favorable government regulations.|
Frequently Asked Questions (FAQ) :
During the forecast period of 2022-2028, the global Polymer Binders Market Value is going to reach USD 50.5 billion.
The Asia Pacific region occupies the maximum portion of the global Polymer Binders Market Value followed by North America. In the coming years, North America is expected to have rapid growth in the Polymer Binders sector.
Polymer binders are thickeners, glues, or adhesives and can be solid, liquid, or powder. They are excellent binders and can be of natural or synthetic origin. These materials enhance the strength and durability of a substrate.
Favorable government regulation, increase in disposable income, and continuous demand for polymer binders from different industries such as construction, paints, and textiles are going to be the important market drivers for this sector during the forecast period.
Market experts are anticipating that the global Polymer Binders Market is going to have rapid growth during the forecast period. As the demand for polymer binders is increasing in different industries like paints, construction, pharmaceuticals, the market will grow within the forecast period.
The global Polymer Binders Market is huge and it is growing continuously. Some of the major players in this market are BASF SE (Germany), Chemrez Technologies, Inc. (Philippines), Wacker Chemie AG (Germany), OMNOVA Solutions Inc. (US), Celanese Corporation (US), Arkema (France), Dairen Chemical Corporation (Taiwan), Toagosei Co., Ltd. (Japan), Visen Industries Limited (India), Shandong Hearst building materials co., ltd. (China), and others.