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Global Polymer Binders Market is expected to grow at a CAGR of 9.2% during the forecast period from 2019-2025
Global Polymer Binders Market 2019, Global Polymer Binders Market Growth, Global Polymer Binders Market , Polymer Binders Market
Global Polymer Binders Market by Type (Acrylic, Vinyl Acetate, Latex, Others), Form (Liquid, Powder, High Solids), Application, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
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Prominent companies in the industry include BASF SE, WackerChemie AG, Celanese Corporation, Arkema, Dairen Chemical Corporation among others. The growing economies are providing greater opportunities and leaders are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in March 2018, BASF (Germany) extended the production of its JONCRYL brand of emulsions from the Netherlands production site to cater to the increasing demand from the inks and paper & board applications in Europe.
The type segment is classified into acrylic, vinyl acetate, latex and others. The acrylic segment is dominating the Polymer Binders market with USD 8.83 Billion in 2017. As the acrylic polymer binders exhibits good performance, comparatively low cost than vinyl acetate ethylene and latex and excellent alkali resistance and abrasion resistance properties, the demand for acrylic binders is rising. Form segment includes liquid, powder and high solids. The high solids segment is dominating the market with the highest share 46.70% in 2017. The binders commonly occur in a solid or liquid state which undergoes a chemical process to be used as a binding agent like glue, adhesive, and thickeners, therefore there is a substantial shift towards high solids binders. The application segment includes architectural coatings, adhesives & sealants, textile & carpets, paper & board, construction additives and others. The construction additives segment is rapidly growing with the highest CAGR of 11.6% in the forecast period. The growth of this segment can be attributed to polymer binders due to rising use for the tiling & flooring, mortar modification, plastering, and insulation system applications.
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Growing demand for both private and public construction projects and rising usage of polymer binders in the flooring and tiling, plastering, mortar mix and insulation systems is a major factor driving the market. In addition, rise in demand from technical textile and increasing per capita of paint consumption are fuelling the growth of market.Declining demand for paper products and carpets may hamper the growth of market. However, increase in demand for water-based polymer binders in emerging markets may boost the market in coming years.
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