Press Release
Press Release
The market for polymer binders is being aided by the growing application of the product in the construction and infrastructure sector. By 2030, it is anticipated that the global construction sector will double in size from 2020, driven by China, India, and the United States. The significant government funding, growing middle class, and increasing disposable incomes are contributing to the growth of the construction and infrastructure sector, hence fuelling the polymer binder market growth.
Polymer binders are widely used in the construction sector for architectural coatings and additives, among several others. They are also key components in coatings as they enable adhesion to the substrate and bind the pigments and additives. Hence, they exhibit key properties such as durability, flexibility, and hardness.
Globally, about 300 million tonnes of paper are produced per annum. The growing paper and board sector aided by the growing demand from end-use sectors such as packaging is contributing to the growth of the market for polymer binder.
Besides, increasing attempts to improve the sustainability profile of polymer binders are positively influencing the market growth. For instance, in December 2023, Trinseo S.A (NYSE: TSE), a globally renowned speciality materials solutions company, launched LIGOS™ BH 7340 SCE Binder for application in coated paper board products. Through the company’s first bio-hybrid binder, Trinseo aims to lower the environmental impact of waste resulting from the breakdown of paper products, further improving the sustainability of the overall paper board sector.
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The major players in the global polymer binder market are The Dow Chemical Company, Wacker Chemie AG, Celanese Corporation, Arkema, Trinseo S.A., and BASF SE, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Form |
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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