Market Research Report
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
|Published by||MarketsandMarkets||Product code||752357|
|Published||Content info||124 Pages
Delivery time: 1-2 business days
|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|
|Published: November 28, 2018||Content info: 124 Pages||
"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%. 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 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 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.
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).
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.
The report is expected to help market leaders/new entrants in the following ways:
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MNM View)*
Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MNM View might not be captured in case of unlisted companies.