Global Polymer Binders Market Size study, by Form, by Type, by Application and Regional Forecasts 2022-2032

PUBLISHED: August 5, 2024

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Description

The Global Polymer Binders Market was valued at USD 27.48 billion in 2022 and is projected to grow at a CAGR of 8.2% during the forecast period 2023-2024. Polymer binders serve as crucial raw materials, especially in the paint and construction industries. The transition towards environmentally friendly alternatives, such as powder coatings and UV/EB treatment systems, replacing solvent-based coatings, drives the demand for polymer binders. These binders, especially in water-based polymer dispersions, are pivotal in ensuring high adhesion and durability in paints and coatings, making them indispensable in modern industrial applications.

The market's expansion is significantly propelled by the robust demand from major end-use sectors like construction, paints and coatings, textiles, and paper. The paints and coatings industry remains the largest consumer of polymer binders due to the superior adhesion and longevity these materials provide. Emerging economies in Asia-Pacific, the Middle East & Africa, and Latin America are expected to support market growth, driven by rising disposable incomes and increased investments in infrastructure. However, the market faces challenges such as the handling and processing difficulties associated with certain types of polymer binders and the brittleness of fluorescent polymers at higher temperatures. Despite these challenges, the market is expected to recover and grow post-COVID-19, driven by sustained demand across various industries. Major market players are focusing on strategic initiatives, including product innovation and expansions, to maintain a competitive edge in the evolving market landscape.

The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East. Rapid industrialization and urbanization in Asia-Pacific position it as the dominant and fastest-growing region in the polymer binders market. The growth in construction activities, coupled with advancements in the automotive industry, are key factors bolstering demand in this region. North America and Europe also represent significant markets, fueled by the automotive sector's need for polymer binders and ongoing reconstruction activities.

Major market players included in this report are:

BASF SE
Wacker Chemie AG
Celanese Corporation
Arkema
Dairen Chemical Corporation
Chemrez Technologies, Inc.
OMNOVA Solutions Inc.
Toagosei Co., Ltd.
Visen Industries Limited
Shandong Hearst building materials co., ltd.
Ashland Global Holdings Inc.
The Dow Chemical Company
Synthomer Plc
Eastman Chemical Company
Acquos Advisors

The detailed segments and sub-segment of the market are explained below:

By Form:

Liquid
Powder
High Solids

By Type:

Acrylic
Latex
Vinyl Acetate
Others

By Application:

Architectural Coatings
Adhesives and Sealants
Construction Additives
Paper and Board
Textile and Carpets
Others

By Region:

North America
United States
Canada
Europe
United Kingdom
Germany
Italy
France
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Polymer Binders Market Executive Summary

1.1. Global Polymer Binders Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Form
- 1.3.2. By Type
- 1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Polymer Binders Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Polymer Binders Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand in Paints and Coatings Industry
- 3.1.2. Rapid Industrialization and Urbanization in Emerging Economies
3.2. Market Challenges
- 3.2.1. Handling and Processing Difficulties
- 3.2.2. Brittleness of Certain Polymer Binders
3.3. Market Opportunities
- 3.3.1. Technological Advancements in Polymer Binders
- 3.3.2. Expansion in Emerging Markets

Chapter 4. Global Polymer Binders Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Polymer Binders Market Size & Forecasts by Form 2022-2032

5.1. Segment Dashboard
5.2. Global Polymer Binders Market: Form Revenue Trend Analysis, 2022 & 2032(USD Billion)
- 5.2.1. Liquid
- 5.2.2. Powder
- 5.2.3. High Solids

Chapter 6. Global Polymer Binders Market Size & Forecasts by Type 2022-2032

6.1. Segment Dashboard
6.2. Global Polymer Binders Market: Type Revenue Trend Analysis, 2022 & 2032(USD Billion)
- 6.2.1. Acrylic
- 6.2.2. Latex
- 6.2.3. Vinyl Acetate
- 6.2.4. Others

Chapter 7. Global Polymer Binders Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Polymer Binders Market: Application Revenue Trend Analysis, 2022 & 2032(USD Billion)
- 7.2.1. Architectural Coatings
- 7.2.2. Adhesives and Sealants
- 7.2.3. Construction Additives
- 7.2.4. Paper and Board
- 7.2.5. Textile and Carpets
- 7.2.6. Others

Chapter 8. Global Polymer Binders Market Size & Forecasts by Region 2022-2032

8.1. North America Polymer Binders Market
- 8.1.1. U.S. Polymer Binders Market
  - 8.1.1.1. Form breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Type breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Application breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Polymer Binders Market
  - 8.1.2.1. Form breakdown size & forecasts, 2022-2032
  - 8.1.2.2. Type breakdown size & forecasts, 2022-2032
  - 8.1.2.3. Application breakdown size & forecasts, 2022-2032
- 8.1.3. Mexico Polymer Binders Market
8.2. Europe Polymer Binders Market
- 8.2.1. U.K. Polymer Binders Market
- 8.2.2. Germany Polymer Binders Market
- 8.2.3. France Polymer Binders Market
- 8.2.4. Italy Polymer Binders Market
8.3. Asia-Pacific Polymer Binders Market
- 8.3.1. China Polymer Binders Market
- 8.3.2. India Polymer Binders Market
- 8.3.3. Japan Polymer Binders Market
- 8.3.4. Australia Polymer Binders Market
- 8.3.5. South Korea Polymer Binders Market
- 8.3.6. Rest of Asia Pacific Polymer Binders Market
8.4. Latin America Polymer Binders Market
- 8.4.1. Brazil Polymer Binders Market
- 8.4.2. Mexico Polymer Binders Market
- 8.4.3. Rest of Latin America Polymer Binders Market
8.5. Middle East & Africa Polymer Binders Market
- 8.5.1. Saudi Arabia Polymer Binders Market
- 8.5.2. South Africa Polymer Binders Market
- 8.5.3. Rest of Middle East & Africa Polymer Binders Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. BASF SE
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Wacker Chemie AG
- 9.3.3. Celanese Corporation
- 9.3.4. Arkema
- 9.3.5. Dairen Chemical Corporation
- 9.3.6. Chemrez Technologies, Inc.
- 9.3.7. OMNOVA Solutions Inc.
- 9.3.8. Toagosei Co., Ltd.
- 9.3.9. Visen Industries Limited
- 9.3.10. Shandong Hearst building materials co., ltd.
- 9.3.11. Ashland Global Holdings Inc.
- 9.3.12. The Dow Chemical Company
- 9.3.13. Synthomer Plc
- 9.3.14. Eastman Chemical Company
- 9.3.15. Acquos Advisors

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes