Report Id: SNS/C&M/1483 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Latex Binders Market Size was valued at USD 6.6 billion in 2021 and is expected to reach USD 10.18 billion by 2028, and grow at a CAGR of 6.4% over the forecast period 2022-2028. Polymer binders are used to join multiple types of materials in a structure, giving the whole thing more strength. Binders are solid or liquid substances that act as binding agents when subjected to a chemical reaction. Binding agents include thickeners, adhesives, and glues. Polymer binders are used in a variety of industries, including construction, textiles, paints, pharmaceuticals, and paper. Polymer binders can be solvent-borne or water-borne, depending on the solvent used.
When polymer binders are put on a substrate, they bind very well, giving the substrate increased strength and longevity. The substrates do not easily wear out since the binders do not react chemically with other compounds. Cement, gypsum, and lime are some of the most commonly used synthetic binders, particularly in the building industry. Organic-based polymeric binders include bitumen, latex or plant glues, and PVA.
Increase in infrastructural development across the globe.
Increase per capita paint consumption.
Slow growth in the paper and board sector.
Increase demand in Textile, Construction, Paint and Paper.
Slow growth in the paper and board sector in forecast periods.
Impact of covid-19:
Production of various types of latex binders, such as SA, SB, and others, was regular until mid-March, but with the COVID-19 pandemic, the situation drastically worsened for the following reasons.
Latex binders are in short supply in the building industry. Workforce availability has decreased. Government rules forced the plant's closure. The production facility's operating capacity has been reduced. Foam supply chain disruption from raw material sourcing to final products
Paints and coatings, automotive, textile & carpet, adhesive & sealant, building & construction, automobile, and electronics have all been affected by the closure of international borders for shipmentCOVID-19. The demand for latex binders has dropped dramatically as a result of the disturbance. Government rules force manufacturing plants to close, or they close voluntarily.
Chemrez Technologies Inc., OMNOVA Solutions Inc., Celanese Corporation, Arkema, Toagosei Co. Ltd., BASF SE, Wacker Chemie AG, Dairen Chemical Corporation, VISEN Industries Limited, Shandong Hearst building materials co. ltd., and Others.
The market for polymer binders is segmented by type, application, form, and region. This segmentation aids in comprehending the various features of the enormous Polymer Binders Market Size, as well as its current and future trends.
Based on the form, the polymer binders market is split into powder, liquid, high-solid, and others.
The Polymer Binders Market is segmented into latex, acrylic, vinyl acetate, polyester, polyurethane, and others based on type.
The market for polymer binders is segmented into construction, pharmaceuticals, paints & coatings, textiles & carpets, paper & boards, and other applications.
Polymer binders are classified as natural or synthetic depending on their origin.
Paints & coatings
Paper & boards
The Asia Pacific region holds the greatest Polymer Binders Market Share, and it is expected to rise gradually throughout the forecast period. The rise of the vehicle sector in this region is the most important element driving this market boom. Continuous construction activity in nations across the region, such as Malaysia, Myanmar, India, and Thailand, will aid in the region's Polymer Binders Market expansion. China, being the world's largest user of sealants and adhesives, is a promising market for polymer binders. The market for polymer binders is expected to rise in the Asia Pacific Region because of the rapid growth of the textile sector.
In Europe and North America, the Polymer Binders Market is expected to rise significantly. The expansion of the automobile sector, massive technological breakthroughs, and rising industrialization are all key market drivers.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 6.6 Billion|
|Market Size by 2028||US$ 10.18 Billion|
|CAGR||CAGR of 6.4% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Application (Pharmaceuticals, Construction, Textiles, Paints & coatings, Paper & boards )
• By Form (Powder, Liquid, High-solid)
• By Type (Polyurethane, Polyester, Vinyl acetate, Latex, Acrylic)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Chemrez Technologies Inc., OMNOVA Solutions Inc., Celanese Corporation, Arkema, Toagosei Co. Ltd., BASF SE, Wacker Chemie AG, Dairen Chemical Corporation, VISEN Industries Limited, Shandong Hearst building materials co. ltd., and Others.|
|DRIVERS||• Increase in infrastructural development across the globe.
• Increase per capita paint consumption.
|Restraints||• Slow growth in the paper and board sector.|
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Chemrez Technologies Inc. (Philippines), OMNOVA Solutions Inc. (US), Celanese Corporation (US), Arkema (France), Toagosei Co. Ltd. (Japan), BASF SE (Germany), Wacker Chemie AG (Germany), Dairen Chemical Corporation (Taiwan), VISEN Industries Limited (India), Shandong Hearst building materials co. ltd. (China) are the major key players in Latex Binders Market.
Ans: Latex binders are in short supply in the building industry. Workforce availability has decreased. Government rules forced the plant's closure. The production facility's operating capacity has been reduced. Foam supply chain disruption from raw material sourcing to final products Paints and coatings, automotive, textile & carpet, adhesive & sealant, building & construction, automobile, and electronics have all been affected by the closure of international borders for shipmentCOVID-19. The demand for latex binders has dropped dramatically as a result of the disturbance. Government rules force manufacturing plants to close, or they close voluntarily.
Ans: Increase in infrastructural development across the globel and Increase per capita paint consumption are the drivers for Latex Binders Market.
Ans: Latex Binders Market Size was valued at USD 6.6 billion in 2021, and expected to reach USD 10.18 billion by 2028, and grow at a CAGR of 6.4% over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Latex Binders Market Segment, By Application
8.4 Paints & coatings
8.5 Paper & boards
9. Global Latex Binders Market Segment, By Form
10. Global Latex Binders Market Segment, By Type
10.3 Vinyl acetate
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Chemrez Technologies Inc.
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 OMNOVA Solutions Inc.
12.3 Celanese Corporation
12.5 BASF SE
12.6 Wacker Chemie AG
12.7 Dairen Chemical Corporation
12.8 VISEN Industries Limited
12.9 Shandong Hearst building materials co. ltd.,
12.10 Toagosei Co. Ltd.
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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