Market Overview
Binder or a binding agent is a material that holds different materials together in order to provide a strong cohesion or adhesion to the whole structure. The binders commonly occur in a solid or liquid state which undergoes a chemical process to be used as a binding agent. The polymeric binders are both waterborne and solvent borne depending upon the type of solvent used.
Competitive Analysis
The leading players in the global polymer binders market are BASF SE (Germany), Wacker Chemie AG (Germany), Celanese Corporation (US), Arkema (France), Dairen Chemical Corporation (Taiwan), Chemrez Technologies, Inc. (Philippines), OMNOVA Solutions Inc. (US), Toagosei Co., Ltd. (Japan), Visen Industries Limited (India), and shandong hearst building materials co., ltd. (China), among others.
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The important physical properties conferred by the polymer binders to the substrate are the excellent binding, high strength and durability, and relative inertness towards various chemicals. In the market, polymer binders mainly occur in the form of liquid, powder and high solids. The major applications of the polymer binders are paints & coatings, construction, textiles & carpets, paper & boards, and pharmaceuticals, among others.
Based on form the global polymer binders market has been segmented into liquid, powder, high solids, and others. Liquid segment held the largest market share in 2017 on account of its easy process ability and preferability in paints and coatings applications. Powder form is also growing at a healthy CAGR during the forecast period.
By type, the market is categorized into acrylic, vinyl acetate, polyurethane (PU), polyester (PE), and other.
Among them, acrylic accounted to the largest share of the market in 2017. This mainly due to wider scope of application of these type of polymer binders in paints and coatings industry for longevity of the paint. The product is primarily used in manufacturing the various coatings and paints. Moreover, it also used in the automotive components for effective bonding of the parts. This is anticipated to fuel demand for the product during the review period.
On the basis of application, the global polymer binders’ market has been categorized into paints & coatings, construction, textiles & carpets, paper & boards, and pharmaceuticals, among others.
The paints and coatings industry held the major market share in 2017, which mainly attributed to the surging demand in the emerging economies. The textiles industry is also a significant consumer of the polymer binders.
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Market Segmentation
The global Polymer Binders market has been segmented on the basis of form, type, application, and region.
Based on form, the global polymer binders market has been segregated into liquid, powder, high solids, and others.
By type, the market has been categorized into acrylic, latex, vinyl acetate, polyurethane (PU), polyester (PE), and others.
On the basis of application, the market has been divided into paints & coatings, construction, textiles & carpets, paper & boards, and pharmaceuticals, among others.
Regional Analysis
The global polymer binders market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific is anticipated to grow at a high CAGR due to the increasing demand for the product in the construction, textiles, and paper industries. North America is expected to witness considerable growth during the forest period. This is due to the growing demand for the product in various the reconstruction activities in this region.
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Reports and Data have recently added a new report titled “Global Polymer Binders Market Research Report 2021” to its ever-expanding repository which offers a comprehensive overview of the Polymer Binders market including current and emerging trends, consumer behavior patterns, competitor strategies, brand promotions, and product launches, among others.
The study also offers a comprehensive outlook for the driving and restraining factors along with micro and macro-economic factors expected to affect the growth of the industry.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1049The investigative report on the Polymer Binders market assesses the global market for the Polymer Binders industry and offers estimates for the market in terms of revenue and capacity for the forecast period 2021-2028.
The report also analyzes the key companies engaged in the industry along with their product portfolio, business overview, strategic expansion plans, revenue generation, market share and size, regional presence, and production and manufacturing capacity.
It also offers details about the recent mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, brand promotions, and product launches, among others.Polymer binders are generally used as mortars and are being increasingly used in buildings and other structures.
Increasing global construction activities is expected to lead to an increase in the demand for architectural coatings and mortar.
Furthermore, the rising number of product approvals, launches, and strategic alliances have significantly contributed to market growth.
