According to the new market research "Polymer Binders Market by Type (Acrylic, Vinyl Acetate, and Latex), Form (Liquid, Powder, and High Solids), Application (Architectural Coatings, Adhesives & Sealants, Textile & Carpets, Paper & Board, and Construction Additives), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Polymer Binders Market is projected to grow from USD 24.1 billion in 2018 to USD 35.0 billion by 2023, at a CAGR of 7.8% during the forecast period. The growth of the polymer binders market can be attributed to the rising per capita paint consumption in APAC and the global growth in the construction industry. In addition, the increased demand for technical textiles is expected to drive the demand for polymer binders, globally.

Download PDF brochure of the report for more industry insights: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=80334872

The growing construction industry globally to drive the polymer binders market during the forecast period.

Polymer binders are mainly used as mortar additives for the performance modifications of mortars. It is also used in paint & coating formulations. Growth in the construction industry drives the demand for architectural coatings and mortar which will have a positive impact on the growth of the polymer binders market. The global construction output will grow by 85% to reach USD 15.5 trillion by 2030. China, the US, and India, three major countries, are expected to contribute more than 50% to the overall growth of the construction industry due to economic growth in these economies. According to the Asian Development Bank (ADB), based on the current growth rate of APAC, the region requires an investment of USD 1.7 trillion till 2030 for its infrastructure. This scenario is favorable for the growth of the polymer binders market.

Vinyl acetate is projected to be the fastest-growing type segment of the polymer binders market.

The vinyl acetate type segment of the polymer binders market is projected to register a higher CAGR between 2018 and 2023. The growth of the vinyl acetate segment can be attributed to its excellent pigment binding capacity and excellent oil & grease and dust resistance. This polymer binder is efficient in terms of performance as compared to acrylic, owing to which vinyl acetate has high demand in the adhesives & sealants, carpet backing, and paper binding applications. Apart from these applications, it is also used in the architectural coatings, paper & board, and construction additives applications.

APAC to be the fastest-growing regional segment of the polymer binders market.

APAC is projected to be the fastest-growing polymer binders market. The growth of the APAC polymer binders market can be attributed to the presence of the largest textile producing countries, such as India, China, and South Korea. Additionally, the increasing demand for architectural coatings from the rapidly growing construction industry is expected to drive the APAC polymer binders market during the forecast period.

BASF (Germany), DowDuPont (US), Celanese Corporation (US), Arkema (France), and Wacker (Germany) are the key players operating in the polymer binders market. These companies have adopted various organic as well as inorganic growth strategies between 2015 and 2018 to strengthen their position in the market. New product launch and expansion was among the key growth strategies adopted by these leading players to enhance their product offering and regional presence and meet the growing demand for polymer binders from emerging economies.

BASF (Germany), DowDuPont (US), Celanese Corporation (US), Arkema (France), Wacker (Germany), Trinseo (US), Taogosei (Japan), Synthomer (UK), Dairen Chemical (Taiwan), and OMNOVA (US) are the leading players operating in the polymer binders market.

Early buyers will receive 10% customization on this report.

Don't miss out on business opportunities in Polymer Binders Market.

Read More @ https://www.prnewswire.com/news-releases/polymer-binders-market-worth-35-0-billion-by-2023-exclusive-report-by-marketsandmarkets-tm--898661186.html

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: 1-888-600-6441 
[email protected]