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Polymer Binders Market worth $35.0 billion by 2023


(, May 13, 2022 ) The report "Polymer Binders Market 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 - Global Forecast to 2023", The polymer binders market is projected to grow from USD 24.1 billion in 2018 to USD 35.0 billion by 2023, at a CAGR of 7.8% during the forecast period. The growth of the polymer binders market can be attributed to the rising per capita paint consumption in APAC and the global growth in the construction industry. In addition, the increased demand for technical textiles is expected to drive the demand for polymer binders, globally.

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The growing construction industry globally to drive the polymer binders market during the forecast period.

Polymer binders are mainly used as mortar additives for the performance modifications of mortars. It is also used in paint & coating formulations. Growth in the construction industry drives the demand for architectural coatings and mortar which will have a positive impact on the growth of the polymer binders market. The global construction output will grow by 85% to reach USD 15.5 trillion by 2030. China, the US, and India, three major countries, are expected to contribute more than 50% to the overall growth of the construction industry due to economic growth in these economies. According to the Asian Development Bank (ADB), based on the current growth rate of APAC, the region requires an investment of USD 1.7 trillion till 2030 for its infrastructure. This scenario is favorable for the growth of the polymer binders market.

Vinyl acetate is projected to be the fastest-growing type segment of the polymer binders market.

The vinyl acetate type segment of the polymer binders market is projected to register a higher CAGR between 2018 and 2023. The growth of the vinyl acetate segment can be attributed to its excellent pigment binding capacity and excellent oil & grease and dust resistance. This polymer binder is efficient in terms of performance as compared to acrylic, owing to which vinyl acetate has high demand in the adhesives & sealants, carpet backing, and paper binding applications. Apart from these applications, it is also used in the architectural coatings, paper & board, and construction additives applications.

Don't miss out on business opportunities in Polymer Binders Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

Browse in-depth TOC on "Polymer Binders Market”
69 - Market Data Tables
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APAC to be the fastest-growing regional segment of the polymer binders market.

APAC is projected to be the fastest-growing polymer binders market. The growth of the APAC polymer binders market can be attributed to the presence of the largest textile producing countries, such as India, China, and South Korea. Additionally, the increasing demand for architectural coatings from the rapidly growing construction industry is expected to drive the APAC polymer binders market during the forecast period.

Most active players in the polymer binders market:

BASF (Germany), DowDuPont (US), Celanese Corporation (US), Arkema (France), Wacker (Germany), Trinseo (US), Taogosei (Japan), Synthomer (UK), Dairen Chemical (Taiwan), and OMNOVA (US) are the leading players operating in the polymer binders market.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra


Source: EmailWire.Com

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