Global Polymer Binders Market Forecast to 2023: Opportunities in Increased Demand for Water-Based Polymer Binders in Emerging Markets

DUBLIN, Dec. 5, 2018 /PRNewswire/ --

The "Polymer Binders Market by Type (Acrylic, Vinyl Acetate, Latex), Form (Liquid, Powder, High Solids), Application (Architectural Coatings, Adhesives, Sealants, Textile, Carpets, Paper, Board, Construction Additives), Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The polymer binders market is estimated to be USD 24,067.0 million in 2018 and is projected to reach USD 35,039.4 million by 2023, at a CAGR of 7.8% between 2018 and 2023.

Polymer binders have high potential to bind pigments in paints. They are also used in various applications, such as adhesive & sealants, textile & carpets, construction additives, and paper & board, due to their excellent durability, flexibility, and gloss. The other applications, such as footwear, industrial coatings, nonwovens, sports surfaces, wax & polishes, printing inks, and woodcoating, have also generated lucrative opportunities for manufacturers of polymer binders.

The polymer binders market is witnessing significant growth because of the increasing demand in various applications and technological advancements. Moreover, the growing construction industry and increasing disposable income level have contributed to the growth of the polymer binders market.

The increasing demand from developing economies, such as China and India, because of urbanization, increasing construction activities, and growing production of textiles & carpets are likely to drive the demand for polymer binders, globally. However, the decreasing demand for paper products and higher risks associated with the spray-drying production process are inhibiting the growth of the market. The market in Europe and North America have stringent laws regarding the use of polymer binders with high VOC. Therefore, the major challenge for manufacturers is to produce polymer binders that are low on VOC content and environmentally friendly.

The polymer binders market is diversified and competitive with a large number of global as well as regional and local players. The key players in this market are BASF SE (Germany), Celanese Corporation (US), Wacker Chemie AG (Germany), DowDuPont (US), Arkema Group (France), Trinseo (US), Synthomer Plc (UK), Dairen Chemical Corporation (Taiwan), and OMNOVA Solutions Inc. (US). These players adopted various organic and inorganic strategies between 2015 and 2018.

New product launch was the key strategy adopted by players in the polymer binders market to increase their product portfolio. Expansion was the second most adopted strategy by key players, as the rise in demand for polymer binders in various applications has increased investments by companies to expand in different regions, enhancing their R&D operations and creating a better distribution network.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Polymer Binders Market
4.2 Polymer Binders Market, By Type
4.3 Polymer Binders Market, By Form
4.4 Polymer Binders Market, By Application
4.5 APAC Polymer Binders Market, By Application and Country
4.6 Polymer Binders Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in the Global Construction Industry
5.2.1.2 Increasing Demand From Technical Textile
5.2.1.3 Rising Per Capita Paint Consumption
5.2.2 Restraints
5.2.2.1 Diminishing Demand for Paper Products and Carpets
5.2.2.2 Risks Associated With Spray Drying in the Production of Powdered Polymer Binder
5.2.3 Opportunities
5.2.3.1 Increased Demand for Water-Based Polymer Binders in Emerging Markets
5.2.4 Challenges
5.2.4.1 Manufacturing Low-Voc Polymer Binders
5.3 Porter's Five Forces Analysis

6 Polymer Binders Market, By Form
6.1 Introduction
6.2 Liquid
6.2.1 Liquid Polymer Binders, Used in All Major Applications, is Expected to Dominate the Market During the Forecast Period
6.3 Powder
6.3.1 High Adhesive Strength, Flexibility, and High Sag Resistance of Powdered Polymer Binders are Increasing Their Demand in the Construction Additives Application
6.4 High Solids
6.4.1 The High Solids Segment to Register the Highest CAGR in the Polymer Binders Market During the Forecast Period

7 Polymer Binders Market, By Type
7.1 Introduction
7.2 Acrylic
7.2.1 Pure Acrylic
7.2.1.1 Cost-Effective Pure Acrylic has High Demand in the Architectural Coatings Application
7.2.2 Styrene Acrylic
7.2.2.1 Styrene Acrylic has Low Voc Content, and Hence has High Demand in Various Applications
7.2.3 Vinyl Acrylic
7.2.3.1 Vinyl Acrylic is Extensively Used in Wide Application Areas, as It Improves Performance Without Adding Plasticizers
7.3 Vinyl Acetate
7.3.1 Polyvinyl Acetate
7.3.1.1 Polyvinyl Acetate Exhibits High Electrolyte Tolerance Which Makes It Suitable for the Adhesives & Sealants Application
7.3.2 Vinyl Acetate Ethylene
7.3.2.1 Higher Efficiency and Performance of Vinyl Acetate Ethylene Increases Its Demand
7.3.3 Ethylene Vinyl Acetate
7.3.3.1 Ethylene Vinyl Acetate Have High Demand in the Architectural Coatings Application Due to Its Excellent Water & Oil Resistance Property
7.4 Latex
7.4.1 Styrene Butadiene Copolymer
7.4.1.1 High Elasticity and Adhesive Strength of Latex to Drive Its Demand in the Carpet, Textile, and Paints Applications
7.4.2 Styrene Butadiene Rubber
7.4.2.1 High Aging Resistance to Fuel the Demand for Styrene Butadiene Rubber in the Sports Surface Coating Application
7.5 Others

8 Polymer Binders Market, By Application
8.1 Introduction
8.2 Architectural Coatings
8.2.1 Architectural Coatings is the Largest Application of Polymer Binders Market in 2017
8.3 Adhesives & Sealants
8.3.1 Fast Curing Time and Excellent Oxidation Resistance of Polymer Binders Make Them Suitable for Use in Adhesives & Sealants
8.4 Textile & Carpets
8.4.1 Textile Coating
8.4.1.1 Polymer Binders' Excellent Abrasion and Oil Resistance Properties to Boost Their Demand in the Textile Coating Application
8.4.2 Carpet Backing
8.4.2.1 Polymer Binders Have Excellent Adhesion to Fabric and is Water Resistant, Making It Suitable for Carpet Backing Application
8.5 Construction Additives
8.5.1 Tiling & Flooring
8.5.1.1 Polymer Binders Have Excellent Adhesion Strength for Use in the Tiling & Flooring Application
8.5.2 Mortar Mix
8.5.2.1 Mortar Modification is Expected to Generate Huge Demand for Polymer Binders
8.5.3 Plastering
8.5.3.1 Increased Adoption of Polymer Binders in Plastering Owing to Its Excellent Bonding Property
8.5.4 Insulation Systems
8.5.4.1 Polymer Binders' High Flexibility, Bonding Strength, and Durability to Boost Their Demand in Insulation Systems
8.6 Paper & Board
8.6.1 Excellent Pigment Binding Property of Polymer Binders to Drive Their Demand for Coating in the Paper & Board Application
8.7 Others

9 Polymer Binders Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 The US Accounts for the Largest Market Share Owing to the Presence of the Region's Largest Construction Industry
9.2.2 Canada
9.2.2.1 Increased Consumption of Architectural Coatings Owing to the Growing Number of Construction Projects to Drive the Demand for Polymer Binders
9.2.3 Mexico
9.2.3.1 Mexico is Expected to Witness the Highest Growth Rate During the Forecast Period Owing to Its Rapidly Growing Economy
9.3 APAC
9.3.1 China
9.3.1.1 China Accounted for the Largest Market Share in APAC Owing to the Presence of the Biggest Textile, Adhesive & Sealants, and Architectural Coatings Markets
9.3.2 India
9.3.2.1 India to Witness the Highest Growth Rate in the Polymer Binders Market During the Forecast Period Owing to the Rapidly Growing Construction and Textile Industries
9.3.3 Japan
9.3.3.1 Increased Adoption of Polymer Binders as Construction Additives in Mortar Modification Drive the Market
9.3.4 South Korea
9.3.4.1 The Architectural Coatings Application to Lead the Polymer Binders Market Owing to High Demand in the Paints & Coating Formulations
9.3.5 Rest of APAC
9.4 Europe
9.4.1 Germany
9.4.1.1 Germany to Lead the Polymer Binders Market in Europe With the Largest Share
9.4.2 UK
9.4.2.1 Moderate Recovery in the Construction Sector to Drive the Polymer Binders Market During the Forecast Period
9.4.3 France
9.4.3.1 Growth in the Number of Construction Projects Along With Growing Adhesives & Sealants Consumption is Fueling the Market Growth
9.4.4 Italy
9.4.4.1 The Architectural Coatings Application to Dominate the Polymer Binders Market During the Forecast Period
9.4.5 Spain
9.4.5.1 Spain to Witness the Highest Growth in the Polymer Binders Market During the Forecast Period in Europe Owing to the Growing Textile Production and Increasing Demand for Decorative Paints
9.4.6 Rest of Europe
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.1.1 Saudi Arabia Dominates the Polymer Binders Market in the Middle East & Africa
9.5.2 South Africa
9.5.2.1 Increased Adoption of Polymer Binders as Construction Additives to Boost the Demand for Polymer Binders
9.5.3 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.1.1 The Presence of the Largest Construction Industry in the Region to Positively Influence the Growth of the Polymer Binders Market
9.6.2 Rest of South America

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking of Key Players
10.2.1 BASF SE
10.2.2 Dowdupont
10.2.3 Wacker Chemie Ag
10.2.4 Celanese Corporation
10.2.5 Arkema
10.3 Competitive Scenario
10.3.1 New Product Launch
10.3.2 Expansion
10.3.3 Acquisition

11 Company Profiles
11.1 BASF SE
11.2 Dowdupont
11.3 Wacker Chemie
11.4 Celanese Corporation
11.5 Arkema
11.6 Trinseo
11.7 Omnova Solutions
11.8 Dairen Chemical Corporation
11.9 Toagosei Co., Ltd.
11.10 Synthomer PLC
11.11 Other Key Companies
11.11.1 Chemrez Technologies
11.11.2 Shandong Hearst Building Material
11.11.3 Zydex
11.11.4 Visen Industries
11.11.5 Jesons
11.11.6 Acquos
11.11.7 Organik Kimya
11.11.8 Puyang Yintai Industrial Trading
11.11.9 Bosson Union Tech(Beijing)
11.11.10 Adpl Group
11.11.11 Sakshi Chem Sciences

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