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Latex Binders Market

Latex Binders Market Size, Share & Segment By Application (Pharmaceuticals, Construction, Textiles, Paints & coatings, Paper & boards ), By Form (Powder, Liquid, High-solid), By Type (Polyurethane, Polyester, Vinyl acetate, Latex, Acrylic), and by Regions | Global Market Forecast 2022-2028

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.

Latex Binders Market Revenue Graph

Market Dynamics

Drivers

  • Increase in infrastructural development across the globe. 

  • Increase per capita paint consumption.

Restraints:

  • Slow growth in the paper and board sector.  

Opportunity:

  • Increase demand in Textile, Construction, Paint and Paper.

Challenges:

  • 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.

Key Players:

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.

Market Segmentation:

By Application:

  • Pharmaceuticals

  • Construction

  • Textiles

  • Paints & coatings

  • Paper & boards 

By Form:

  • Powder

  • Liquid

  • High-solid

By  Type:

  • Polyurethane

  • Polyester

  • Vinyl acetate

  • Latex

  • Acrylic

Latex Binders Market Segment Pie Chart

Regional Analysis:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

Latex Binders Market Report Scope:
Report Attributes Details
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
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

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

8.1 Pharmaceuticals

8.2 Construction

8.3 Textiles

8.4 Paints & coatings

8.5 Paper & boards 

 

9. Global Latex Binders Market Segment, By Form

9.1 Powder

9.2 Liquid

9.3 High-solid

 

10. Global Latex Binders Market Segment, By Type

10.1 Polyurethane

10.2 Polyester

10.3 Vinyl acetate

10.4 Latex

10.5 Acrylic

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2    Canada

11.2.3    Mexico

11.3 Europe

11.3.1    Germany

11.3.2    UK

11.3.3    France

11.3.4    Italy

11.3.5    Spain

11.3.6    The Netherlands

11.3.7    Rest of Europe

11.4 Asia-Pacific

11.4.1    Japan

11.4.2    South Korea

11.4.3    China

11.4.4    India

11.4.5    Australia

11.4.6    Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1    Israel

11.5.2    UAE

11.5.3    South Africa

11.5.4    Rest

11.6 Latin America

11.6.1    Brazil

11.6.2    Argentina

11.6.3    Rest of Latin America

 

12. Company Profiles

12.1 Chemrez Technologies Inc.

12.1.1 Financial

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

12.4 Arkema

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

 

14. Conclusion

 

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Secondary Research

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