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Polymer Binders Market Trends

  • Report ID: GMI8073
  • Published Date: Feb 2024
  • Report Format: PDF

Polymer Binders Market Trends

As environmental concerns gain prominence, manufacturers are developing polymer binders with reduced volatile organic compound (VOC) emissions and enhanced biodegradability. This shift aligns with global efforts to adopt greener practices and comply with stringent environmental regulations. Additionally, technological advancements are shaping the polymer binders landscape. The industry is witnessing a surge in research and development activities aimed at creating novel formulations that offer improved performance characteristics. Enhanced durability, adhesion, and versatility are becoming key focal points, catering to diverse applications across construction, automotive, and textile sectors.
 

Moreover, the construction industry's burgeoning growth is a major driver for the global market expansion. The increasing demand for high-quality, durable, and aesthetically pleasing construction materials has led to the widespread adoption of polymer binders in paints, coatings, and adhesives. This trend is anticipated to persist as urbanization and infrastructure development continue globally. Furthermore, the market is experiencing a shift towards water-based polymer binders, driven by regulatory pressures and a growing preference for eco-friendly solutions. Water-based binders offer lower VOC emissions, making them more environmentally sustainable and compliant with stricter air quality standards.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for polymer binders was worth around USD 43 billion in 2023 and is set to expand at over 8.5% CAGR between 2024 and 2032 attributed to its increasing use in the formulation of adhesives, coatings, and sealants, providing improved performance characteristics such as enhanced durability, adhesion, and flexibility.

Polymer binders market share from the vinyl acetate segment accounted for USD 14.5 billion in 2023 and is anticipated to record substantial growth through 2032 propelled by its increasing use in the construction industry for the development of high-performance adhesives and sealants.

Asia Pacific market for polymer binders generated more than USD 14 billion in 2023 and is estimated to expand at a robust pace through 2032 owing to the rapid industrialization, urbanization, and robust economic development in countries such as China and India, fueling the demand for construction materials, coatings, and adhesives.

The leading firms operating in the polymer binders industry are Arkema, BASF SE, Celanese Corporation, Chemrez, Dairen Chemical Corporation, DCC, Dow, OMNOVA Solutions Inc., Synthomer PLC, Toagosei Co., Ltd., Trinseo, Wacker Chemie AG, and Zydex Group

Polymer Binders Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 300
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