Polymer Binders Market Trends, Analysis Review, Overview, Growth Forecast, Demand and Development Research Report to 2027
Market Overview
Binder or a binding agent is a material that holds different
materials together in order to provide a strong cohesion or adhesion to the
whole structure. The binders commonly occur in a solid or liquid state which
undergoes a chemical process to be used as a binding agent. The polymeric
binders are both waterborne and solvent borne depending upon the type of
solvent used. The important physical properties conferred by the polymer
binders to the substrate are the excellent binding, high strength and
durability, and relative inertness towards various chemicals. In the market,
polymer binders mainly occur in the form of liquid, powder and high solids. The
major applications of the polymer binders are paints & coatings,
construction, textiles & carpets, paper & boards, and pharmaceuticals,
among others.
Based on form the global polymer binders market has been
segmented into liquid, powder, high solids, and others. Liquid segment held the
largest market share in 2017 on account of its easy process ability and
preferability in paints and coatings applications. Powder form is also growing
at a healthy CAGR during the forecast period.
By type, the market is categorized into acrylic, vinyl acetate,
polyurethane (PU), polyester (PE), and other. Among them, acrylic accounted to
the largest share of the market in 2017. This mainly due to wider scope of
application of these type of polymer binders in paints and coatings industry
for longevity of the paint. The product is primarily used in manufacturing the
various coatings and paints. Moreover, it also used in the automotive
components for effective bonding of the parts. This is anticipated to fuel
demand for the product during the review period.
On the basis of application, the global polymer binders market
has been categorized into paints & coatings, construction, textiles &
carpets, paper & boards, and pharmaceuticals, among others. The paints and
coatings industry held the major market share in 2017, which mainly attributed
to the surging demand in the emerging economies. The textiles industry is also
a significant consumers of the polymer binders.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The
Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Markets Structure
3 Market Research
Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Factor
Analysis
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3
Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End Users
4.2 Porter’s Five Forces Model
4.2.1 Threat Of New Entrants
4.2.2 Threat Of Rivalry
4.2.3 Threat Of Substitutes
4.2.4 Bargaining Power Of
Suppliers
4.2.5 Bargaining Power Of
Buyers
5 Market Dynamics
Of Global Polymer Binders Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
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Market
Segmentation
The global Polymer Binders market has been segmented on the
basis of form, type, application, and region.
Based on form, the global polymer binders market has been
segregated into liquid, powder, high solids, and others.
By type, the market has been categorized into acrylic, latex,
vinyl acetate, polyurethane (PU), polyester (PE), and others.
On the basis of application, the market has been divided into
paints & coatings, construction, textiles & carpets, paper & boards,
and pharmaceuticals, among others.
The global polymer binders market has been studied with
respect to five regions—Asia-Pacific, North America, Europe, Latin America, and
the Middle East & Africa.
Regional
Analysis
The global polymer binders market has been studied with
respect to five regions—Asia-Pacific, North America, Europe, Latin America, and
the Middle East & Africa. The market in Asia-Pacific is anticipated to grow
at a high CAGR due to the increasing demand for the product in the construction,
textiles, and paper industries. North America is expected to witness
considerable growth during the forest period. This is due to the growing demand
for the product in various the reconstruction activities in this region.
Competitive
Analysis
The leading players in the global polymer binders market
are BASF SE (Germany), Wacker Chemie AG (Germany), Celanese Corporation (US),
Arkema (France), Dairen Chemical Corporation (Taiwan), Chemrez Technologies,
Inc. (Philippines), OMNOVA Solutions Inc. (US), Toagosei Co., Ltd. (Japan),
Visen Industries Limited (India), and shandong hearst building materials co.,
ltd. (China), among others.
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