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Polymer Binder Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 120 Pages
  • January 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 5025891
UP TO OFF until Mar 31st 2024

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.

Key Highlights

  • 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.

Key Market Trends

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.

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.

Competitive Landscape

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.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

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Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
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
5.1 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 China India Japan South Korea Rest of Asia-Pacific
5.4.2 North America United States Canada Mexico
5.4.3 Europe Germany United Kingdom France Italy Rest of Europe
5.4.4 South America Brazil Argentina Rest of South America
5.4.5 Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa
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
7.1 Growing Demand for Water-based Polymer Binders from End-user Applications
7.2 Other Opportunities

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Dow
  • Celanese Corporation
  • Arkema
  • Wacker Chemie AG
  • Trinseo
  • OMNOVA Solutions Inc.
  • DCC
  • Toagosei Co. Ltd
  • Synthomer PLC
  • Trinseo
  • Dairen Chemical Corporation