The global Latex Polymer Binders Market is expected to reach USD 50.51 Billion by 2028, according to a new report by Reports and Data. Growing global construction industry is a major factor affecting the demand for polymer binders. Based on statistics, by 2030, the volume of construction output is projected to grow by 85% to USD 15.5 trillion. China, U.S. and India are anticipated to be the major contributors and are likely to account for 57% of the global growth. Growing global technical textile industry is also likely to influence market growth. Increasing demand of technical textile from end-use industries such as automobile, healthcare, construction, and geotextile among others are expected to drive market demand.

Polymer binders are generally used as mortars and are being increasingly used in buildings and other structures. They are generally used as protective coatings on concrete, reinforced concrete and sometimes on steel. Increasing global construction activities is expected to lead to an increase in the demand for architectural coatings and mortar. This is likely to immense potential for polymer binders over the forecast period.

Top Companies Operating in the Global Latex Polymer Binders Market:

BASF. DowDuPont, Celanese Corporation, Arkema, Wacker, Taogosei, Synthomer, Dairen Chemical, and OMNOVA. OMNOVA

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Further key findings from the report suggest

·                     Vinyl Acetate is expected to account for a major share of the overall industry in the forecast period owing to increasing adoption in various end-use industries. For instance: The paper & board industry mainly in North America makes extensive use of vinyl acetate on account of benefits associated with the product such as a better brightness, and improved opacity, porosity, and stiffness. Apart from that, other benefits such as excellent pigment binding capacity and superior dust and oil & grease resistance is expected to foster the growth of the product.

·                     North America is projected to grow at a CAGR of 7.8% in the forecast period. Increasing demand of medical textiles in the region is a key factor affecting market growth. Key manufacturers in the region are keen on innovating and bringing out new products in the market. For instance: In 2018, Siren, a San Francisco-based health technology company unveiled developing Neurofabric. The Neurofabric is the first textile which has microsensors embedded directly into the fabric. For instance: he Siren Diabetic Sock and Foot Monitoring System would help in monitoring foot temperature so that diabetic patients can detect signs of inflammation, the precursor to diabetic foot ulcers.

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Latex Polymer Binders Market Segmentation

Type Outlook (Revenue, USD Million, 2018-2028)

  • Acrylic
  • Vinyl Acetate
  • Latex
  • Others

Form Outlook (Revenue, USD Million, 2018-2028)

  • Liquid
  • Powder
  • High Solids

Application Outlook (Revenue, USD Million, 2018-2028)

  • Architectural Coatings
  • Adhesives & Sealants
  • Textile & Carpets
  • Paper & Board
  • Construction Additives
  • Others

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The Latex Polymer Binders Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Latex Polymer Binders Market.

The global Latex Polymer Binders Market is segmented into:

·         North America (U.S.A., Canada, Mexico)

·         Europe (Italy, U.K., Germany, France, Rest of Europe)

·         Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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