Polymer Binders Market Size To Power Strappingly And Reach USD 60.54 Billion by 2032
According to the report published by Zion Market Research, global Polymer Binder Market, estimating its value at USD 33.49 Billion in 2023, with projections indicating that it will reach USD 60.54 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 6.8% over the forecast period 2024–2032.
Development in the global construction sector is the main booster for the growth of the global market. Moreover, increasing per capita paint usage is also powering the requirement for polymer binders considerably. Major players active in the global polymer binders market are Arkema, BASF, Celanese Corporation, DowDuPont, and Wacker are the major players active in the polymer binders market.
The Acrylic Category By Type Predicted To Be The Biggest Catalyst In The Polymer Binders Market In Terms Of Volume In The Years To Come
The acrylic category is predicted to add up for the biggest share of the global market for polymer binders in the years to come. The high share of the market is owing to low cost and good performance of the acrylic polymer binders in comparison to latex and vinyl acetate ethylene. It has outstanding abrasion resistance, water resistance, alkali resistance, and good pigment binding ability, making these binders perfect for the low-priced architectural layering and other applications.
Construction Additives By Application Predicted To Be The Quickest-Developing Segment In The Polymer Binders In Terms Of Volume In The Years To Come
Construction additives segment is predicted to be the quickest-developing application in the years to come. The development of this section can be credited to increasing employment of polymer binders for the mortar modification, flooring & tiling, insulation system applications, and plastering. Polymer binders employed in these applications enhances the mortars’ performance by elevating tensile strength, durability, flexural strength, and compressive strength.
Asia Pacific Expected To Be The Biggest Market In The Years To Come In Terms Of Value
Asia Pacific has the biggest populous nations such as India and China. These nations are swiftly undergoing infrastructural growth to meet private and public infrastructural requirements, due to which the requirement for polymer binders in these nations is high. The attendance of rapidly developing economies together with increasing per capita paint usage all over the area is powering the growth of the polymer binders market.
Browse the full “Polymer Binder Market Type (Vinyl Acetate, Acrylic, Styrene Acrylic, and Latex), Form (Powder, Liquid, and High Solids), Application (Coatings, Adhesives, Textiles, Inks, Metals, and Other Applications): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024–2032.” Report at https://www.zionmarketresearch.com/report/polymer-binders-market
Global Polymer Binder Market: Competitive Players
Some main participants of the Polymer Binder market are-
- Wacker Chemical Corporation USA
- Trinseo
- OMNOVA Solutions India Pvt. Ltd
- Dow
- Celanese
- BASF
- Arkema
- Trinseo
- Toagosei America, Inc.
- Synthomer
- DCC plc
- DAIREN CHEMICAL CORPORATION
- among others.
The global polymer binders market is segmented as follows:
By Type:
- Acrylic
- Vinyl Acetate
- Latex
- Others (alkyd, epoxy, acrylonitrile copolymers, polyvinyl chloride, polyurethane, and chlorinated polymer binders)
By Form:
- Liquid
- Powder
- High Solids
By Application
- Architectural Coatings
- Adhesives & Sealants
- Textile & Carpets
- Paper & Board
- Construction Additives
- Others (printing inks, wax & polishes, industrial coatings, nonwovens, sports surfaces, and footwear)
By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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