Polymer Binders Market Share, Key Vendors, Key Business Insights, Business Standards & Development Trends Forecast to 2023
Market Overview:
Binder or a binding agent is a material that holds different materials together in order to provide a strong cohesion or adhesion to the whole structure. The binders commonly occur in a solid or liquid state which undergoes a chemical process to be used as a binding agent. The polymeric binders are both waterborne and solvent borne depending upon the type of solvent used.
The important physical properties conferred by the polymer binders to the substrate are the excellent binding, high strength and durability, and relative inertness towards various chemicals. In the market, polymer binders mainly occur in the form of liquid, powder and high solids. The major applications of the polymer binders are paints & coatings, construction, textiles & carpets, paper & boards, and pharmaceuticals, among others.
Competitive Dashboard:
BASF SE (Germany), Wacker Chemie AG (Germany), Celanese Corporation (US), Arkema (France), Dairen Chemical Corporation (Taiwan), Chemrez Technologies, Inc. (Philippines), OMNOVA Solutions Inc. (US), Toagosei Co., Ltd. (Japan), Visen Industries Limited (India), and shandong hearst building materials co., ltd. (China)
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Segmentations:
The global Polymer Binders market has been segmented on the basis of form, type, application, and region.
Based on form, the global polymer binders market has been segregated into liquid, powder, high solids, and others.
By type, the market has been categorized into acrylic, latex, vinyl acetate, polyurethane (PU), polyester (PE), and others.
On the basis of application, the market has been divided into paints & coatings, construction, textiles & carpets, paper & boards, and pharmaceuticals, among others.
The global polymer binders market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Regional Analysis:
Based on region, the global organic binders market has been segmented into Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest market share in 2017.
It is projected to grow at the highest CAGR during the forecast period. The major contributors to the growth of the market this region are China, Japan, South Korea, and India. China is the largest consumer as well as producer of the product in the globe.
This is mainly attributed to the vast production capacity and significant presence of the major end-use industries such as paints & coatings, automotive, and textiles. India is set to grow at the highest CAGR during the review period owing to the rapid industrialization and expanding production capacity for the product.
Moreover, favorable government policies for industrialization, rapid growth of the textiles industry, and widening scope of applications for the polymeric binders are the primary factors driving growth of this regional market during the forecast period.
The increasing demand for the product in the reconstruction activities and automotive industry is likely to propel the market growth in North America and Europe. US, Germany and UK are the major markets in these regions.
The market in the Middle East & Africa is expected to grow at healthy CAGR in the coming years. South Africa, Turkey, Egypt, and Israel are expected to be the major countries contributing to market growth in the region.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Factor Analysis
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End Users
4.2 Porter’s Five Forces Model
4.2.1 Threat Of New Entrants
4.2.2 Threat Of Rivalry
4.2.3 Threat Of Substitutes
4.2.4 Bargaining Power Of Suppliers
4.2.5 Bargaining Power Of Buyers
5 Market Dynamics Of Global Polymer Binders Market
Continued…
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