Booming Growth Projected for Polymer Binders Market: Construction and Automotive Industries Drive Expansion | 2030

The global polymer binders market, which achieved a value of USD 25.5 billion in 2021, is poised to flourish at an impressive Compound Annual Growth Rate (CAGR) of 7.5 percent during the forecast period. Polymer binders, such as vinyl acetate, acrylonitrile copolymer, polyurethane, and styrene acrylic, are pivotal in coatings and raw materials across the construction, electrical, and electronics sectors. These binders enhance materials toughness, workability, tensile strength, bending strength, and bonding strength. Through the sintering process, these binders are reinforced, leading to superior particle cohesion.

For More Industry Insights Read:

Key advantages of polymer binders, including excellent water resistance, alkaline abrasion resistance, and strong pigment binding ability, set them apart from alternative materials. The growing construction sector, particularly in emerging economies experiencing rapid urbanization and modernization, is driving the polymer binders markets expansion. Moreover, the market benefits from being a more viable alternative to traditional resins. Asias burgeoning industrialization, especially in the Pacific region, is further propelling market growth, although high investment costs remain a challenge.

Polymer binders play a pivotal role in diverse applications, notably as mortars in buildings and construction. They also serve as protective coatings on concrete, reinforced concrete, and occasionally steel structures. With the surge in global construction activities, demand for architectural coatings and mortars is expected to climb. Polymer binders possess significant untapped potential, evidenced by innovations like WACKERs renewable resource-based polymer binders introduced in 2021. These products offer superior moisture protection and lower emissions, catering to interior paints and plasters needs.

The polymer binders market witnessed the strategic partnership between BASF and Adani Group in 2021, marking a considerable joint investment in the acrylics value chain. This initiative showcases BASFs significant commitment to the Indian market.

Polymers Binder Market: COVID-19 Impact

The COVID-19 pandemic caused substantial disruptions in end-use sectors reliant on polymer binders, such as construction, electronics, and automotive industries. The automotive sector experienced a significant production drop, particularly in top-producing countries like the United States and China. Despite these challenges, the EV sector remained resilient, and the global electric car sales witnessed a year-over-year growth of 40 percent. While the pandemic temporarily affected the market, recovery is anticipated as industries gradually stabilize.

Polymers Binder Market: Drivers

Rise of Electric Cars Spurs Market Expansion

The increasing adoption of polymer binders in automotive parts, particularly electric vehicles (EVs), has been a driving force. Polymer binders offer cost-effectiveness, ease of manufacturing, lightweight properties, and reduced fuel consumption in EVs. Despite global crises, EV sales and stock demonstrated remarkable resilience, sustaining demand for polymer binders.

Global Infrastructure Development Fuels Market Growth

Infrastructure development is integral to economic growth, especially in emerging economies. Polymer binders play a pivotal role in coatings for roads, bridges, buildings, and more. The rapid urbanization plans in developing nations bolster infrastructure development, indirectly propelling the polymer binders market. For example, the Indian governments significant allocation for infrastructure in the Union Budget 2021 demonstrates the sectors growth potential.

Polymers Binder Market: Restraints

Quality Control Challenges in Emerging Markets

Quality control issues in emerging markets pose a significant market constraint. Lack of adherence to quality standards, often due to fluctuations in raw material prices, jeopardizes the performance of polymer binders. The use of lower-grade raw materials to cut costs can compromise quality, potentially prompting consumers to explore alternatives. High investment costs also hinder market expansion.

Polymers Binder Market: Segment Overview

Acrylics Lead the Market due to Cost-Effectiveness and Performance

The acrylics segment holds the largest market share in the polymer binders market, attributed to their superior performance, affordability, and expanding applications. Acrylic polymer binders offer remarkable properties like alkali and water resistance, abrasion resistance, and efficient pigment binding. The segments growth is propelled by technological advancements, research, and development efforts, fostering innovation and widespread adoption.

Coatings Sector Dominates Due to Technical Advancements

Among applications, the coatings sector claims the largest market share, projected to grow at a CAGR of 7.8 percent from 2022 to 2027. Polymer binders play a crucial role in coatings by binding pigment particles and providing adhesion, gloss, and flexibility in dry films. The sectors expansion is driven by increasing technological advancements in paint and coatings, especially in acrylic formulations.

Polymers Binder Market: Regional Landscape

Asia Pacific Region Leads due to Urbanization and Industrialization

Asia Pacific dominates the polymer binders market, driven by the rising automotive and construction sectors. Countries like China and India, experiencing rapid urbanization and industrialization, contribute significantly to market growth. Latin American and Chinese nations also hold potential, driven by infrastructure projects.

Global Polymers Binder Market: Competitive Landscape

In 2018, Arkema expanded its production capacity in North America to meet growing regional demand.

Key players in the polymer binders market include BASF SE, Dowdupont, Wacker Chemie, Celanese Corporation, Arkema, Trinseo, Omnova Solutions, Dairen Chemical Corporation, Toagosei Co., Ltd., Synthomer PLC, and more.

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Similar Reports:

3D Printing Polymer Material Market

Natural Polymer Market

Pharmaceutical Polymers Market

About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.


Fairfield Market Research

London, UK

UK +44 (0)20 30025888

USA (Toll-free) +1 (844) 3829746



LinkedIn | Twitter

This press release first seen on Brilad

comtex tracking


About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Florida Times Daily journalist was involved in the writing and production of this article.