Latex Binders Market Research Report (2021 to 2031) – By Product, Distribution Channel, Application and Region

Latex binders are man-made and essential materials used in various end-use industries to enhance the physical and mechanical properties of products. Major raw materials used in the manufacture of latex binders are petroleum compounds, styrene, and butadiene. Latex binders possess low viscosity. Therefore, it is easy to apply them. These binders provide toughness, improve adhesion, increase bonding, and reduce cracking.

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Key Drivers and Restraints of Latex Binders Market

Increasing demand for technical textiles is boosting the demand for latex binders. Technical textiles is one of the most innovative product segments in the global textile industry due to its increasing attractiveness and adaptability in nonwoven fabrics. Continuous growth of the automotive industry is fueling the demand for technical textiles. However, volatility in raw material prices and the cost of energy used in manufacturing latex binders are some of the major factors that are adversely affecting the latex binders market.

Latex Binders Market: Type Segment

* Based on type, the latex binders market can be segmented into styrene acrylic, styrene-butadiene, and others

* The styrene-butadiene segment is projected to dominate the global latex binders market during the forecast period

* Demand for styrene-butadiene binders is high demand among latex binder manufacturers for applications in various end-use industries

* Styrene-butadiene is classified into styrene-butadiene rubber and styrene-butadiene copolymer. Some of the primary advantages of styrene-butadiene binders are good handling properties, ease of application, and high bonding strength. The styrene-butadiene segment is projected to dominate the market in the near future.

* Styrene-butadiene binders are widely used in applications such as construction additives, paints & coatings, adhesives & sealants, paper & paperboard, textile & carpet, and sports surfaces

Latex Binders Market: End-use Industry Segment

* Based on end-use industry, the latex binders market can be divided into paints & coatings, adhesives & sealants, paper & paperboard, textile & carpet, construction & fiber bonding materials, and others

* The paints & coatings segment is projected to dominate the global latex binders market during the forecast period

* Latex binders are used as emulsion in architectural paints. The primary function of the latex binder in the paints & coatings segment is to decorate and protect new construction as well as maintenance of existing structures. Other miscellaneous applications of latex binders in this segment include traffic paints, vehicle refinishing, high-performance coatings for industrial plants and equipment, and protection of marine structures and vessels.

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Key Manufacturers Operating in Global Latex Binders Market

The global latex binders market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the latex binders market include:

1. DIC Corporation
2. ARKEMA S.A.
3. BASF SE
4. Bridgewater
5. N.J.
6. Dow
7. Trinseo
8. OMNOVA
9. Mallard Creek Polymers
10. Wires and Fabriks (S.A.) Ltd.
11. Wacker Chemie AG

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