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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

  • ID: 4702626
  • Report
  • Region: Global
  • 124 Pages
  • Markets and Markets
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The Growing Construction Industry Globally to Drive the Polymer Binders Market in the Architectural Coatings & Construction Additives Applications

FEATURED COMPANIES

  • Acquos
  • Arkema
  • Celanese Corporation
  • Dowdupont
  • Omnova Solutions
  • Sakshi Chem Sciences
  • MORE

The growing construction industry globally to drive the polymer binders market in the architectural coatings & construction additives applications.

The polymer binders market is estimated to be USD 24.1 billion in 2018 and is projected to reach USD 35.0 billion by 2023, at a CAGR of 7.8%. The majority of polymer binders’ applications, such as architectural coatings, adhesives & sealants, and construction additives, are related to the construction industry. The growth in the construction industry will have a favorable impact on the growth of the polymer binders market. In the construction industry, polymer binders are used in the tile adhesive, repair mortar, decorative mortar, waterproofing mortar, and skim coats applications to improve mortar properties such as workability, durability, and tensile strength. The global construction output will grow by 85% to reach USD 15.5 trillion by 2030. China, the US, and India, three major countries, are expected to contribute more than 50% to the overall growth of the construction industry due to economic growth in these economies. According to the Asian Development Bank (ADB), based on the current growth rate of APAC, the region requires an investment of USD 1.7 trillion till 2030 for its infrastructure.

The construction additives application segment is projected to register the highest CAGR during the forecast period.

The construction additives application segment is projected to register the highest CAGR between 2018 and 2023, owing to the increased demand for polymer binders in the tiling & flooring, mortar mix, plastering, and insulation systems applications. The excellent bonding strength of polymer binders makes them suitable for mortar modifications. In addition, the growing population creates demand for both public and private construction projects, which will increase the demand for polymer binders in the construction additives application.

APAC is the largest and the fastest-growing polymer binders market.

APAC is estimated to account for the largest share of the polymer binders market in 2018, owing to the rapidly growing construction industry which creates demand for polymer binders in the architectural coatings, construction additives, and adhesives & sealants applications. According to the Asian Development Bank (ADB), based on the current growth rate of APAC, the region requires an investment of USD 1.7 trillion till 2030 for its infrastructure development to meet the growing population’s infrastructure need. In APAC, China and India are the largest producer and consumer of textile products, globally. They are also the largest and third-largest textile industry, respectively, which is favorable for the growth of the polymer binders market in the textile & carpets application.
Extensive primary interviews were conducted in the process of determining and verifying sizes of several segments and subsegments of the polymer binders market gathered through secondary research.

The break-up of primary interviews has been given below.

  • By Company Type: Tier 1 – 40%, Tier 2 – 27%, Tier 3 – 33%
  • By Designation: C Level Executives – 29%, Director Level – 21%, Others – 50%
  • By Region: North America – 19%, Europe – 25%, APAC – 37%, South America – 13%, Middle East & Africa -- 6%

The key companies profiled in this report on the polymer binders market include BASF (Germany), DowDuPont (US), Wacker (Germany), Celanese (US), Arkema (France), Trinseo (US), Taogosei (Japan), Synthomer (UK), Dairen Chemical (Taiwan), and OMNOVA (US).

Research Coverage
The polymer binders market has been segmented based on type, form, application, and region. This report covers the polymer binders market and forecasts its market size till 2023. It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the polymer binders market.

Reasons to Buy the Report
The report is expected to help market leaders/new entrants in the following ways:
1. This report segments the polymer binders market and provides the closest approximations of revenue numbers for the overall market and its segments across different verticals and regions.
2. This report is expected to help stakeholders understand the pulse of the polymer binders market and provide information on key market drivers, restraints, challenges, and opportunities influencing the growth of the market.
3. This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the polymer binders market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies such as new product launch, expansion, and acquisition.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Acquos
  • Arkema
  • Celanese Corporation
  • Dowdupont
  • Omnova Solutions
  • Sakshi Chem Sciences
  • MORE

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

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Top-Down Approach
2.2.2 Bottom-Up Approach
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
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry

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

12 Appendix
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.5 Related Reports
12.6 Author Details

List of Tables
Table 1 Polymer Binders Market Size, By Form, 2016–2023 (Kiloton)
Table 2 Polymer Binders Market Size, By Form, 2016–2023 (USD Million)
Table 3 Polymer Binders Market Size, By Type, 2016–2023 (USD Million)
Table 4 Polymer Binders Market Size, By Type, 2016–2023 (Kiloton)
Table 5 Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 6 Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 7 Polymer Binders Market Size, By Region, 2016–2023 (Kiloton)
Table 8 Polymer Binders Market Size, By Region, 2016–2023 (USD Million)
Table 9 North America: Polymer Binders Market Size, By Country, 2016–2023 (Kiloton)
Table 10 North America: Polymer Binders Market Size, By Country, 2016–2023 (USD Million)
Table 11 North America: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 12 North America: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 13 US: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 14 US: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 15 Canada: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 16 Canada: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 17 Mexico: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 18 Mexico: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 19 APAC: Polymer Binders Market Size, By Country, 2016–2023 (Kiloton)
Table 20 APAC: Polymer Binders Market Size, By Country, 2016–2023 (USD Million)
Table 21 APAC: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 22 APAC: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 23 China: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 24 China: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 25 India: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 26 India: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 27 Japan: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 28 Japan: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 29 South Korea: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 30 South Korea: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 31 Rest of APAC: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 32 Rest of APAC: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 33 Europe: Polymer Binders Market Size, By Country, 2016–2023 (Kiloton)
Table 34 Europe: Polymer Binders Market Size, By Country, 2016–2023 (USD Million)
Table 35 Europe: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 36 Europe: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 37 Germany: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 38 Germany: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 39 UK: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 40 UK: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 41 France: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 42 France: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 43 Italy: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 44 Italy: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 45 Spain: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 46 Spain: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 47 Rest of Europe: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 48 Rest of Europe: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 49 Middle East & Africa: Polymer Binders Market Size, By Country, 2016–2023 (Kiloton)
Table 50 Middle East & Africa: Polymer Binders Market Size, By Country, 2016–2023 (USD Million)
Table 51 Middle East & Africa: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 52 Middle East & Africa: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 53 Saudi Arabia: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 54 Saudi Arabia: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 55 South Africa: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 56 South Africa: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 57 Rest of Middle East & Africa: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 58 Rest of Middle East & Africa: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 59 South America: Polymer Binders Market Size, By Country, 2016–2023 (USD Million)
Table 60 South America: Polymer Binders Market Size, By Country, 2016–2023 (USD Kiloton)
Table 61 South America: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 62 South America: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 63 Brazil: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 64 Brazil: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 65 Rest of South America: Polymer Binders Market Size, By Application, 2016–2023 (USD Million)
Table 66 Rest of South America: Polymer Binders Market Size, By Application, 2016–2023 (Kiloton)
Table 67 New Product Launch, 2015–2018
Table 68 Expansion, 2015–2018
Table 69 Acquisition, 2015–2018

List of Figures
Figure 1 Polymer Binders Market Segmentation
Figure 2 Polymer Binders Market: Research Design
Figure 3 Polymer Binders Market: Data Triangulation
Figure 4 Liquid Form to Dominate the Polymer Binders Market
Figure 5 Acrylic to Be the Largest Type of Polymer Binders
Figure 6 Construction Additives Segment to Register the Highest CAGR in the Market
Figure 7 APAC to Be the Largest and the Fastest-Growing Polymer Binders Market
Figure 8 Growth in the Construction Industry to Drive the Demand for Polymer Binders
Figure 9 Acrylic Segment to Account for the Largest Share of the Polymer Binders Market
Figure 10 Liquid Form to Capture the Highest Share of the Market
Figure 11 Architectural Coatings to Be the Largest Application of Polymer Binders
Figure 12 Architectural Coatings Segment Accounted for the Largest Share of the APAC Market in 2017
Figure 13 APAC to Register the Highest CAGR in the Market
Figure 14 Overview of Factors Governing the Polymer Binders Market
Figure 15 Porter’s Five Forces Analysis: Polymer Binders Market
Figure 16 Liquid Form to Be the Largest Segment of the Polymer Binders Market
Figure 17 Acrylic Segment to Lead the Polymer Binders Market
Figure 18 Architectural Coatings Application to Lead the Polymer Binders Market
Figure 19 India to Register the Highest CAGR in the Polymer Binders Market
Figure 20 North America: Polymer Binders Market Snapshot
Figure 21 APAC: Polymer Binders Market Snapshot
Figure 22 Europe: Polymer Binders Market Snapshot
Figure 23 Middle East & Africa: Polymer Binders Market Snapshot
Figure 24 South America: Polymer Binders Market Snapshot
Figure 25 Companies Adopted Expansion as the Key Growth Strategy Between 2015 and 2018
Figure 26 Ranking of Key Polymer Binder Manufacturers in 2017
Figure 27 BASF SE: Company Snapshot
Figure 28 BASF SE: SWOT Analysis
Figure 29 Dowdupont: Company Snapshot
Figure 30 Dowdupont: SWOT Analysis
Figure 31 Wacker Chemie: Company Snapshot
Figure 32 Wacker Chemie: SWOT Analysis
Figure 33 Celanese Corporation: Company Snapshot
Figure 34 Celanese Corporation: SWOT Analysis
Figure 35 Arkema: Company Snapshot
Figure 36 Arkema: SWOT Analysis
Figure 37 Trinseo: Company Snapshot
Figure 38 Trinseo: SWOT Analysis
Figure 39 Omnova Solutions: Company Snapshot
Figure 40 Toagosei Co., Ltd.: Company Snapshot
Figure 41 Synthomer PLC: Company Snapshot

Note: Product cover images may vary from those shown
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  • Acquos
  • Adpl Group
  • Arkema
  • BASF SE
  • Bosson Union Tech(Beijing)
  • Celanese Corporation
  • Chemrez Technologies
  • Dairen Chemical Corporation
  • Dowdupont
  • Jesons
  • Omnova Solutions
  • Organik Kimya
  • Puyang Yintai Industrial Trading
  • Sakshi Chem Sciences
  • Shandong Hearst Building Material
  • Synthomer PLC
  • Toagosei Co
  • Trinseo
  • Visen Industries
  • Wacker Chemie
  • Zydex
Note: Product cover images may vary from those shown
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