Global Polymer binders market was valued at US$22.04 bln in 2017, and is estimated to reach US$38.67 bln by 2026 growing at a CAGR of 7.28% as per maximizemarketresearch.
Polymer binders have revolutionized the construction and paint industry. Polymer binders enhance two critical characteristics of all mortars and coatings that is adhesion and flexibility. Polymer binders ensure the quality of buildings and prolong their life expectancy while reducing material consumption. Rising consumption leads to the growth in the construction activities. In addition, demand for polymer binders is mainly driven by the advent of technical textiles and automotion. Polymer binders are mostly used as mortar additives for the performance modifications. Collaborative approach plays vital role in the new product development while building and differentiating technologies. Strong manufacturing grid, R&D centers, and application facilities in Europe, Asia Pacific, and the Americas further propels the market growth.
Polymer Binders are used in paint & coating formulations. Construction industry drives the demand for architectural coatings and additives. Thus have a co-relational positive impact on the growth of the polymer binders market. Diverse classes of polymers have been developed for binder applications in order to meet the dual objectives of insensitivity and high performance. An Aqueous Inorganic Polymer Binder for High Performance Lithium−Sulfur Batteries with Flame-Retardant Properties, Skim coat/ wall putty, tile grouts, renders and plasters, tile adhesives, self-leveling systems, waterproofing membranes, cement admixtures and etc.
Vinyl acetate is projected to be the fastest-growing type segment of the polymer binders market. Vinyl acetate offers an excellent pigment binding capacity and excellent oil & grease and dust resistance. Vinyl acetate coating binders has a positive impact in a cost and quality sensitive marketplace. Paper coating binders including vinyl acetate are used extensively in North America for their brightness, opacity, porosity, and stiffness. Acrylic uses highly functional technologies. Acrylic binders is suitable for a wide range of applications, including non-woven fabric processing, textile processing, leather processing, paper processing, use in inks, etc. Latex binders are majorly used for pigment coating of paper and board.
Asia Pacific is the fastest-growing polymer binders market. Thanks to the rapid industrialization and urbanization in Asia pacific region led by emerging countries like India, China, and South Korea. Infrastructure development such as construction of building, roadways, pipes and bridges in the Middle East and Africa uses a polymer binder on a large scale. Upcoming constructions and infrastructure projects including new roads, dams, upgrading of sewerage system in the countries of Latin America and China will considerably use polymer binder. Resulting in the surge of this particular industry.