Fior Markets launched a study titled “Global Polymer Binders Market by Type (Acrylic, Vinyl Acetate, Latex, Others), Form (Liquid, Powder, High Solids), Application, Region, Global Industry Analysis, Market Size, Share, Growth, Trends)” and Global Forecast 2018-2025.
The global polymer binders market is expected to grow from USD 22.2 Billion in 2017 to USD 44.9 Billion by 2025 at a CAGR of 9.2% during the forecast period from 2018-2025. Increase in demand from technical textile, rising per capita of paint consumption andadvancement of the global construction industryis propelling the growth of the market.
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The acrylic segmentis dominating the market with the highest share of39.80% in 2017
The type segment is classified into acrylic, vinyl acetate, latex and others. The acrylic segment is dominating the polymer binders market in 2017. As the acrylic polymer binders exhibits good performance, comparatively low cost than vinyl acetate ethylene and latex and excellent alkali resistance and abrasion resistance properties, the demand for acrylic binders is rising.
The high solids segment valued around USD 10.36 Billion in 2017
Form segment includes liquid, powder and high solids. The high solids segment is dominating the market in 2017. The binders commonly occur in a solid or liquid state which undergoes a chemical process to be used as a binding agent like glue, adhesive, and thickeners, therefore there is a substantial shift towards high solids binders.
Food and packaging segment is growing with the highest CAGR of 11.6% in the forecast period
The application segment includes architectural coatings, adhesives & sealants, textile & carpets, paper & board, construction additives and others. The construction additives segment is rapidly growing with the highest CAGR in the forecast period. The growth of this segment can be attributed to polymer binders due to rising use for the tiling & flooring, mortar modification, plastering, and insulation system applications.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific held the largest market share of approximately39.70% in 2017.The Asia Pacific region is expanding in terms of share as the Asian countries are rapidly going through infrastructural development to meet public and private infrastructural needs due to which the demand for polymer binders in these countries is high.
The major players ofmarketinclude BASF SE , WackerChemie AG, Celanese Corporation, Arkema, Dairen Chemical Corporation,Chemrez Technologies, Inc., OMNOVA Solutions Inc., Toagosei Co., Ltd., Visen Industries Limited, and shandonghearst building materials co., ltd., among others.
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