HYDERABAD, India — Market research firm Mordor Intelligence is offering a study of the global market for polymer binders, Polymer Binder Market — Growth, Trends, COVID-19 Impact, and Forecasts (2021-2026). According the company, the market for polymer binders is expected to see a compound annual growth rate of over 7% during the forecast period of 2021 to 2026. The decreasing demand for these binders in the paper and carpet industries is presented as a possible hindrance to growth.
Mordor Intelligence reports that the demand for architectural coatings is driving growth in the polymer binders market. The company predicts that the architectural coatings sector will dominate the market from 2021 to 2026. Polymer binders are an important component of paints and coatings, helping to provide adhesion, flexibility, gloss and the binding of pigment particles. They are used in both interior and exterior architectural coatings. With the advancement of acrylic formulations they help to provide weatherproofing.
Regarding regional use, Mordor Intelligence predicts that Asia-Pacific will account for the largest amount of consumption of polymer binders during the forecast period. The growing construction industries in countries such as China and India are expected to drive demand, as well as demand in developing countries in the region. Infrastructure development in Asia-Pacific has also become a major focus area for governments, which will spur demand. Specifically, the company points to the government of India’s focus on infrastructure projects, with a goal to boost construction in the country by providing a "single window clearance facility" to facilitate fast approvals for construction projects. Additionally, China’s government is focusing on the development of its rail and road infrastructure — to support the country's growing industrial and service industries — and this will boost demand in China. The maturing of the Japanese architectural and infrastructure industries will also account for demand in the paints and coatings market, according to Mordor Intelligence.
The report segments the polymer binders market by type (vinyl acetate, acrylic, styrene acrylic and latex), by form (powder, liquid and high solids), by application (coatings, adhesives, textiles, inks, metals and other applications) and by region (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). It also gives an overview of the global competitive market for polymer binders and lists the major players in this market, which include BASF SE, Dow, Celanese, Arkema, and Wacker Chemie AG.
For additional information about this report, visit https://www.mordorintelligence.com/industry-reports/polymer-binder-market.