The [report 123 Pages] "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", 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.

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By type, the acrylic segment is expected to be the largest contributor, in terms of volume, in the polymer binders market during the forecast period.

The acrylic segment is estimated to account for the largest share of the polymer binders market during the forecast period. The high market share is due to acrylic polymer binders good performance and low cost as compared to vinyl acetate ethylene and latex. It has excellent alkali resistance, water resistance, abrasion resistance, and good pigment binding capacity, make acrylic polymer binders an ideal for the low-cost architectural coatings and other applications.

By application, construction additives is expected to be the fastest-growing segment, in terms of volume, in the polymer binders market during the forecast period.

Construction additives is projected to be the fastest-growing application during the forecast period. The growth of this segment can be attributed to polymer binders’ increasing use for the tiling & flooring, mortar modification, plastering, and insulation system applications. Polymer binders used in these applications improves the performance of mortars by increasing durability, tensile strength, compressive strength, and flexural strength.

APAC is projected to be the largest market, in terms of value, during the forecast period

APAC has the largest populous countries such as China and India. These countries are rapidly going through infrastructural development to meet public and private infrastructural needs, owing to which the demand for polymer binders in these countries is high. The presence of rapidly growing economies along with growing per capita paint consumption across the region is driving the polymer binders market. In addition, the presence of largest textile producing countries, such as India, China, and South Korea, is also favourable for the growth of the polymer binders market. China is the world’s largest consumer of adhesives & sealants, making China a favourable polymer binders market.

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.

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