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Polymer Binders Market Size

ID: MRFR//5715-HCR | 140 Pages | Author: Anshula Mandaokar| April 2024

The Polymer Binders Market is influenced by a variety of factors that collectively shape its trends and growth dynamics. One key driver is the increasing demand for polymer binders in various industries, including construction, paints and coatings, adhesives, and textiles. Polymer binders, which include latex, acrylics, and vinyl acetate ethylene (VAE), play a crucial role in providing adhesion, cohesion, and durability to a wide range of products. As these industries continue to grow and evolve, the demand for high-performance polymer binders rises.

Polymer Binders Market is projected to be worth USD 54.6 billion by 2030, registering a CAGR of 8.9% during the forecast period (2021 - 2030).

Global economic conditions play a pivotal role in the Polymer Binders Market. Economic growth and urbanization contribute to increased construction activities, infrastructure development, and manufacturing processes, fostering the need for polymer binders. Developing economies, experiencing rapid industrial expansion and construction boom, significantly drive the market's growth as they become key players in the global manufacturing landscape.

Technological advancements in polymer binder formulations impact the market dynamics. Ongoing research and development efforts lead to innovations that enhance the performance, versatility, and environmental sustainability of polymer binders. Companies that invest in these technological advancements gain a competitive edge by offering binders with improved properties, such as low VOC (volatile organic compound) content, better water resistance, and enhanced durability.

Environmental considerations and regulations are critical factors in the Polymer Binders Market. With an increasing focus on sustainable and eco-friendly products, the demand for polymer binders that align with stringent environmental standards grows. Companies in the market are compelled to develop and offer binders that are environmentally friendly, low in toxicity, and comply with regulatory requirements, thereby catering to the preferences of environmentally conscious consumers.

Geopolitical factors and trade dynamics play a role in shaping the Polymer Binders Market. Fluctuations in trade relations, changes in tariffs, and geopolitical tensions can impact the supply chain and pricing of polymer binders. Companies in the market need to stay informed about global trade developments and adjust their strategies to navigate potential risks and capitalize on emerging opportunities in the global market.

Moreover, the construction industry significantly contributes to the demand for polymer binders. As construction projects become more sophisticated, the need for binders in various applications, such as mortar, tile adhesives, and renders, grows. Polymer binders enhance the strength, flexibility, and durability of construction materials, making them indispensable in modern construction practices.

The paints and coatings sector is another key driver of the Polymer Binders Market. Polymer binders are essential components in paint formulations, contributing to adhesion, color retention, and film formation. With the growing demand for high-quality and long-lasting coatings in residential, commercial, and industrial applications, the demand for polymer binders in the paints and coatings industry continues to rise.

Raw material prices, particularly those of monomers used in polymer binder production, play a role in shaping the Polymer Binders Market. Fluctuations in the costs of these raw materials impact the production costs and pricing of polymer binders. Companies in the market must implement effective supply chain strategies and cost management practices to navigate these raw material price dynamics.

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.


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.

 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 (%)

Polymer Binders Market Share

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


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






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