Polymer Binder Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Polymer Binder Market Trends and is segmented by Type (Vinyl Acetate, Acrylic, Styrene Acrylic, and Latex), Form (Powder, Liquid, and High Solids), Application (Coatings, Adhesives, Textiles, Inks, Metals, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Polymer Binder Market Size

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Polymer Binder Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Polymer Binder Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Polymer Binder Market Analysis

The polymer binder market is expected to register a CAGR of over 7% during the forecast period. One of the main factors driving the market is the growing demand for polymer binders from architectural coatings. However, the decreasing demand for polymer binders for use in paper and carpet products is expected to hinder the growth of the market studied.

  • By application, the increasing demand for polymer binders from architectural coatings is expected to dominate the market over the forecast period.
  • Growing demand for water-based polymer binders from end-user applications is likely to act as an opportunity for the market studied in the coming years.
  • The Asia-Pacific region is expected to dominate the market with the largest consumption from countries, such as China and India.

Polymer Binder Market Trends

This section covers the major market trends shaping the Polymer Binder Market according to our research experts:

Growing Demand for Polymer Binders from Architectural Coatings

  • Polymeric binders are valuable raw materials or substances that hold or draw other materials together to form a cohesive whole mechanically, chemically, by adhesion or cohesion.
  • Polymer binder is an important ingredient in coatings as it is used to impart adhesion, gloss, and flexibility to the dried film, as well as binds the pigment particles together.
  • Paints and coatings made from polymer binders are extensively used in the architectural sector, for both exterior and interior applications. Modern advances in paint technology, specifically in acrylic formulations, have offered a wide range of weatherproof coatings.
  • Hence, owing to the above-mentioned factors, the application of polymer binders in architectural coatings is likely to dominate the market during the forecast period.
Polymer Binder Market Trends

The Asia-Pacific Region is Expected to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market for polymer binders during the forecast period. The rising demand for polymer binders from architectural coatings, with the growing construction industries in developing countries, like China and India, is expected to drive the overall demand for polymer binders in this region.
  • The largest producers of polymer binders are in the Asia-Pacific region. Some of the leading companies in the production of polymer binders are BASF SE, Dow, Celanese Corporation, Arkema, and Wacker Chemie AG, among others.
  • In India, the infrastructure sector has become one of the major focus areas for the government. The government aims to boost the construction of buildings in the country and has decided to come up with a single window clearance facility, to provide speedy approvals of the construction projects.
  • Despite the volatile growth in the real estate sector, the significant development of rail and road infrastructure by the Chinese government, to withstand the expanding industrial and service sectors, resulted in a significant growth of the Chinese construction industry in the recent years.
  • Japan's architectural and infrastructural industry has matured enough in recent years, thus making it a prospective country for paints and coatings.
  • Owing to the above-mentioned factors, the market for polymer binders in the Asia-Pacific region is projected to grow significantly during the study period.
Polymer Binder Market Growth

Polymer Binder Industry Overview

The global polymer binder market is partially consolidated in nature with only few major players dominating the market. Some of the major companies are BASF SE, Dow, Celanese Corporation, Arkema, and Wacker Chemie AG, among others.

Polymer Binder Market Leaders

  1. BASF SE

  2. Dow

  3. Celanese Corporation

  4. Arkema

  5. Wacker Chemie AG

*Disclaimer: Major Players sorted in no particular order

BASF SE Dow Celanese Corporation Arkema Wacker Chemie AG
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Polymer Binder Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand for Polymer Binders from Architectural Coatings
    • 4.1.2 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Decreasing Demand for Polymer Binders from Paper and Carpet Products
    • 4.2.2 Government Regulations on Production of Powdered Polymer Binders
    • 4.2.3 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Vinyl Acetate
    • 5.1.2 Acrylic
    • 5.1.3 Styrene Acrylic
    • 5.1.4 Latex
  • 5.2 Form
    • 5.2.1 Powder
    • 5.2.2 Liquid
    • 5.2.3 High Solids
  • 5.3 Application
    • 5.3.1 Coatings
    • 5.3.2 Adhesives
    • 5.3.3 Textiles
    • 5.3.4 Inks
    • 5.3.5 Metals
    • 5.3.6 Other Applications
  • 5.4 Geography
    • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Rest of Asia-Pacific
    • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Rest of Europe
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle-East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share/Ranking Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 BASF SE
    • 6.4.2 Dow
    • 6.4.3 Celanese Corporation
    • 6.4.4 Arkema
    • 6.4.5 Wacker Chemie AG
    • 6.4.6 Trinseo
    • 6.4.7 OMNOVA Solutions Inc.
    • 6.4.8 DCC
    • 6.4.9 Toagosei Co. Ltd
    • 6.4.10 Synthomer PLC
    • 6.4.11 Trinseo
    • 6.4.12 Dairen Chemical Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Growing Demand for Water-based Polymer Binders from End-user Applications
  • 7.2 Other Opportunities
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Polymer Binder Industry Segmentation

The polymer binder market report includes:

Type Vinyl Acetate
Acrylic
Styrene Acrylic
Latex
Form Powder
Liquid
High Solids
Application Coatings
Adhesives
Textiles
Inks
Metals
Other Applications
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Geography North America United States
Canada
Mexico
Geography Europe Germany
United Kingdom
France
Italy
Rest of Europe
Geography South America Brazil
Argentina
Rest of South America
Geography Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Polymer Binder Market Research FAQs

The Polymer Binder Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

BASF SE, Dow, Celanese Corporation, Arkema and Wacker Chemie AG are the major companies operating in the Polymer Binder Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Polymer Binder Market.

The report covers the Polymer Binder Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polymer Binder Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Polymer Binder Industry Report

Statistics for the 2024 Polymer Binder market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polymer Binder analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Polymer Binder Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)