Global Polymer Binder Market to Grow at a CAGR of 7.9% During 2024-2032, Aided by the Growing Demand for Paints and Coatings

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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Market Analysis by Form, Type, Application, and Region:

• The market, on the basis of form, can be divided into liquid, powder, and high solids.

• Based on type, the market can be divided into acrylic, latex, and vinyl acetate, among others.

• The different applications for polymer binder include architectural coatings, adhesives and sealants, construction additives, paper and board, and textile and carpets, among others.

• The major regional markets for polymer binder include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global polymer binder market expansion is being driven by the expanding construction and infrastructure sector.

• The introduction of government initiatives for the development of residential and commercial construction sectors is contributing to an increased demand for architectural coatings, further supporting the market growth.

• The market is being aided by the rising demand for water-based polymer binders from various end-user sectors.

• Increasing research and development activities and a rising number of product launches by the key players are further supporting the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global polymer binder market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the forms, types, applications, and major regions of polymer binder.

• It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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.

Key Highlights of the Report

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