Base Year
Historical Year
Forecast Year
The global polymer binder market attained a value of USD 32.73 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.9% to reach USD 64.82 billion by 2032. The rising construction industry is primarily driving the market.
| Global Polymer Binder Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 32.73 |
| Market Size 2032 | USD Billion | 64.82 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 7.9% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 8.9% |
| CAGR 2024-2032 - Market by Country | India | 10.2% |
| CAGR 2024-2032 - Market by Country | China | 8.5% |
| CAGR 2024-2032 - Market by Type | Acrylic | 8.7% |
| CAGR 2024-2032 - Market by Application | Architectural Coatings | 9.0% |
| Market Share by Country 2023 | France | 3.7% |
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Polymer binder refer to valuable building and coating raw materials. They are mainly used to repair and improve mortar characteristics, skim coat applications, for decorative mortar and waterproofing applications. Polymer binder improve durability, workability, tensile strength and bending strength. The bonding power is outstanding, making it ideal for motor modifications. Polymer binder are used in areas like adhesives, sealants, architectural coatings, building additives, paints and laminates as well as in the paper industry. Polymer binder have outstanding resistance to water, alkaline and abrasion, and pigment binding capacity.
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Based on form, the polymer binder market can be divided into:
On the basis of type, the polymer binder market is segmented into:
| CAGR 2024-2032 - Market by | Type |
| Acrylic | 8.7% |
| Latex | 8.4% |
| Vinyl Acetate | XX% |
| Others | XX% |
The polymer binder market can be broadly categorised based on its applications into:
| CAGR 2024-2032 - Market by | Application |
| Architectural Coatings | 9.0% |
| Adhesives and Sealants | 8.5% |
| Construction Additives | 8.1% |
| Paper and Board | XX% |
| Textile and Carpets | XX% |
| Others | XX% |
The EMR report looks into the regional polymer binder markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 8.9% |
| Middle East and Africa | 8.4% |
| Latin America | 8.1% |
| North America | 8.1% |
| Europe | 7.8% |
| CAGR 2024-2032 - Market by | Country |
| India | 10.2% |
| China | 8.5% |
| UK | 8.3% |
| USA | 8.0% |
| Mexico | 7.9% |
| Canada | XX% |
| Germany | 7.5% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| 2023 Market Share by | Country |
| France | 3.7% |
| USA | XX% |
| Canada | XX% |
| UK | XX% |
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The growth of the residential and infrastructure sector would raise the demand for industrial coating. Polymer binder are more and more used for industrial and architectural coating applications as the waterborne coating formulation demonstrates superior adhesion and abrasion resistance. Furthermore, stringent legislations introduced by different countries to reduce emissions of VOCs will continue to increase the market for waterborne coatings with lower VOC emissions and lower health risks. Polymer binder are commonly used in the composition of coating to improve waterborne and solvent-based coating efficiency and durability. The EB curing system has high investment costs, which limits the growth of this sector.
The report presents a detailed analysis of the following key players in the global polymer binder market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Form |
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global polymer binder market attained a value of more than USD 32.73 billion.
The market is projected to grow at a CAGR of 7.90% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 64.82 billion by 2032.
The major drivers of the market include stringent legislations, increasing demand from architectural coatings, and rapid industrialisation and urbanisation.
Rising investments in residential and commercial construction projects, advent of technical textiles and automation, and development of rail and road infrastructure are key trends propelling the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The forms of polymer binders in the market are liquid, powder, and high solids.
Acrylic, latex, and vinyl acetate, among others, are the various types of polymer binders in the market.
The major applications of polymer binders are architectural coatings, adhesives and sealants, construction additives, paper and board, and textile and carpets, among others.
The major players in the global polymer binder market are The Dow Chemical Company, Wacker Chemie AG, Celanese Corporation, Arkema, Trinseo S.A., and BASF SE, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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