Polymer Binders Market | Exactitude Consultancy Reports
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Polymer Binders Market by Type (Acrylic, Vinyl Acetate, Latex, Others), Form (Liquid, Powder, High Solids), Application (Architectural Coatings, Adhesives & Sealants, Paints & Coatings, Textile & Carpets, Paper & Board, Construction Additives, Others), Industry Vertical (Chemical and Petrochemical, Oil and gas, Energy and Power, Automotive, Food and Beverage, Healthcare, Construction, Others) and Region, Global trends and forecast from 2022 to 2029
The polymer binders market is expected to grow at 8.48% CAGR from 2022 to 2029. It is expected to reach above USD 72.37 billion by 2029 from USD 32.91 billion in 2020.
Polymer binders are basic materials utilized in the building and coatings industries that have great flexural strength, comprehensive strength, and durability. They are the priceless raw materials that are utilized, among other things, in mortar waterproofing, decoration, and restoration. Excellent bonding strength, alkali and abrasion resistance, and pigment binding capabilities are all displayed by polymer binders. Other industries that use polymer binders include the paper industry, laminating, and sealants.
Segment Analysis
Over the projected period, the acrylic segment is anticipated to hold the largest market share for polymer binders. Due to their superior performance and lower price when compared to latex, vinyl acetate, and ethylene, acrylic polymer binders have a large market share. Acrylic polymer binders are perfect for low-cost architectural coatings and other applications due to their great alkali resistance, water resistance, abrasion resistance, and strong pigment binding capability. Due to their strong adhesive qualities and capabilities, acrylic polymer binders are also used in the construction and automotive industries. These binders easily bond with a variety of materials, including non-plastic polymers that are either thermosetting or thermoplastic.
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