According to a new report by Expert Market Research titled, “Global Polymer Binder Market Share, Size, Report and Forecast 2024-2032″, the global polymer binder market size reached a value of USD 30.33 billion in 2023. Aided by the expanding construction industry and rapid urbanisation, the market is projected to further grow at a CAGR of 7.90% between 2024 and 2032 to reach a value of USD 47.82 billion by 2032.
Polymer binders, often categorised under the spectrum of architectural coatings, are essentially compounds that enhance the integrity and cohesion of other substances they are combined with. A quintessential component in the realm of paints, coatings, and construction materials, polymer binders play a pivotal role in ensuring adhesion, enhancing durability, and providing an immaculate finish to surfaces. Their intrinsic properties, such as resistance to moisture, flexibility, and enhanced toughness, make them invaluable in various sectors.
Surge in the demand for binders from the construction industry is a major factor contributing to the polymer binder market size. As urbanisation sprawls and infrastructure development initiatives gain momentum worldwide, the need for materials ensuring durability and aesthetic appeal has risen. Polymer binders, act as an important component in paints and mortars, cater to this burgeoning demand, ensuring structures remain robust and visually appealing for extended durations.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/polymer-binder-market/requestsample
Furthermore, increasing application in coatings further boosts the polymer binder market growth. The automotive and electronic sectors, constantly evolving with technological advancements, have been allowing polymer binders to grow rapidly. In the automotive sector, these binders are essential in formulating paints that are resistant to scratches, environmental factors, and general wear and tear. Simultaneously, in electronics, they ensure that devices are durable and resistant to conditions like humidity.
The polymer binder market analysis reveals that the textile industry presents itself as another significant demand generator. With the relentless pursuit of enhancing fabric qualities, ensuring longevity, and providing resistance to factors like abrasion and washing, polymer binders have emerged as an essential component.
The trend of sustainable construction and the increasing preference for eco-friendly products have further bolstered the polymer binder market demand. The development of green and sustainable polymer binders, derived from renewable resources, has been instrumental in driving this market. These eco-centric binders, whilst ensuring reduced environmental impact, deliver better performance than their traditional counterparts.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/polymer-binder-market
Market Segmentation
The market can be divided based on form, type, application, and region.
Market Breakup by Form
• Liquid
• Powder
• High Solids
Market Breakup by Type
• Acrylic
• Latex
• Vinyl Acetate
• Others
Market Breakup by Application
• Architectural Coatings
• Adhesives and Sealants
• Construction Additives
• Paper and Board
• Textile and Carpets
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global polymer binder market. Some of the major players explored in the report by Expert Market Research are as follows:
• The Dow Chemical Company
• Wacker Chemie AG
• Celanese Corporation
• Arkema
• Trinseo S.A.
• BASF SE
• Others
Related Reports:
Middle East and Africa Stevia Market: https://www.expertmarketresearch.com/reports/middle-east-and-africa-stevia-market
Indian Feed Additives Market: https://www.expertmarketresearch.com/reports/indian-feed-additives-market
LED Panel Light Market: https://www.expertmarketresearch.com/reports/led-panel-light-market
Glycol Ethers Market: https://www.expertmarketresearch.com/reports/glycol-ethers-market
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact:
Company Name: Claight Corporation
Contact Person: John Walker, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
