Report Predicts Architectural Coatings Demand to Drive Market for Polymer Binders
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.