Authored By: Sarah
11 Jul 2024

 Polymer Binder Market Size to grow by USD 12612.4 million between 2024-2028

According to a research report “ Polymer Binder Market” by Application (Architectural coatings, Adhesives and sealants, Textile and carpets, Paper and board, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 12612.4 million, at a CAGR of  8.51% during the forecast period. In the realm of textile manufacturing, polymer binders play a pivotal role as an essential ingredient in the formulation of textile coatings, nonwoven waddings, glass fibers, and leather. These binders offer superior adhesion, strength, and durability, enhancing the textile fibers' properties with excellent abrasion resistance, tensile strength, dimensional stability, and chemical resistance. Acrylic and latex are frequently employed in the production of textile fibers, with polymer binders significantly contributing to the bonding process. The textile industries in Asia Pacific, particularly in China and India, have emerged as major players, driving the demand for polymer binders due to their ease of availability and exceptional performance attributes in apparel production and upholstery applications.

Browse market data tables, figures, and in-depth TOC on “Polymer Binder Market” by Application (Architectural coatings, Adhesives and sealants, Textile and carpets, Paper and board, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Application, the Architectural coatings segment is projected to dominate the market size in 2024

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By Geography, APAC  segment is expected to hold the largest market size for the year 2024

The Polymer Binder Market represents a significant business opportunity for manufacturers and suppliers due to the increasing demand for lightweight and durable materials in various industries. Polymer binders offer advantages such as improved bonding strength, chemical resistance, and processability. Key end-use sectors include construction, automotive, and packaging. Market growth is driven by factors like increasing infrastructure spending, rising automotive production, and shifting consumer preferences towards sustainable packaging solutions.

APAC is forecasted to hold the largest market size by region in 2024

The Polymer Binder Market represents a significant business opportunity for manufacturers and suppliers due to the increasing demand for high-performance adhesives and coatings. These binders, derived from polymers, offer superior bonding strength and flexibility, making them essential in various industries such as construction, automotive, and packaging. Market growth is driven by factors including technological advancements, increasing applications, and regulatory compliance. Companies that can innovate and deliver high-quality polymer binders will likely capture a larger market share.

The Polymer Binder Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Arkema Group
  • APL
  • BASF SE
  • Celanese Corp.
  • CH Polymers Oy
  • Chang Chun Group
  • D and L Industries Inc.
  • Jesons Industries Ltd
  • Mayfair Biotech Pvt. Ltd.
  • OMNOVA Solutions Inc.
  • Shandong Hearst Building Material Co. Ltd.
  • Stahl Holdings B.V.
  • Synthomer Plc
  • Dow Chemical Co.
  • Toagosei Co. Ltd.
  • Trinseo PLC
  • Visen Industries Ltd.
  • Wacker Chemie AG
  • Zydex Inc.
.

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Research Analysis Overview

The Polymer Binder Market encompasses a wide range of building materials, including sealants, coatings, adhesives, mortars, and cement additives. These polymer binders offer flexibility, superior adhesion, durability, and resistance to water and alkaline abrasion, making them essential in the construction sector. Traditional resins like styrene acrylic, polyurethane, acrylonitrile copolymer, vinyl acetate, and latex have been long-standing players in this market. Polymer binders' pigment binding ability and resistance to various environmental conditions have made them indispensable in the construction industry. In the electrical industry, they are used for insulation and encapsulation purposes. Sintering is a crucial process in the production of some polymer binders, enhancing their overall performance. The global construction industry's growth is driving the demand for polymer binders. The acrylic segment, specifically vinyl acetate ethylene, is expected to dominate the market due to its versatility and excellent bonding properties. These binders are used extensively in various applications, including road construction, waterproofing, and industrial flooring. The market is expected to continue its growth trajectory, offering significant opportunities for manufacturers and suppliers.

Market Research Overview

The Polymer Binder Market encompasses a wide range of binders used in various industries such as Metals, Textiles, Paints & Coatings, and Construction. These binders come in different forms, including high solids liquid, powder, polyester, mineral-based, proteins, cellulose, starch, and renewable sources. The shift towards sustainable practices and environmental concerns has led to the development of bio-based alternatives and water-based alternatives. In the Paints & Coatings sector, chlorinated polymer binders like polyvinyl chloride, acrylonitrile copolymers, epoxy, alkyd, and acrylics are commonly used. In the Construction sector, binders play a crucial role in mortar, cement, concrete, and construction additives. They ensure flexibility, adhesion, durability, and sealants' water resistance. The market value of polymer binders is significant in various industries, including Automotive components, Advanced coatings, Building materials, Footwear, Sports surfaces, Nonwovens, Industrial coatings, Wax & polishes, Printing inks, Adhesive & Sealants, Paper & Board, Textile & Carpets, and the Electrical industry. Renewable resources like acrylics value chain, renewable resources, and bio-based alternatives are gaining popularity due to their lower carbon footprint. Polymer binders are used in various applications, including infrastructure projects like aqueducts, trains, ports, pipelines, dams, bridges, and roads. In the Automotive industry, they are used in electric cars, and in the Construction sector, they are used in traditional resins, pigment binding ability, alkaline abrasion resistance, and water resistance. The market for polymer binders is expected to grow significantly due to the increasing demand for sustainable practices and the expanding construction industry.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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