Polymer Binders Market

A polymer is a substance that is made entirely of homogeneous units that are bonded together to form a molecular structure. Polymers have a wide range of properties. Polymers, both natural and synthetic, play an important role in everyday life. The process of polymerization of several tiny molecules known as monomers produces these polymers. Binders, also known as binding agents, are materials that use cohesion to keep other parts together to create a cohesive whole. Polymer binders are basic materials used in the building and coating industries. These binders have great adherence to solid substances and have great tensile and flexural strength. They also have the advantages of low water permeability, resistance to freezing and thawing, and chemical resistance.

COVID-19 Impact analysis

• Major countries throughout the world have enacted foot restrictions and work stoppage orders as a result of the COVID-19 outbreak. Most businesses, with the exception of medical supplies and life support products, have been severely disrupted, including the Polymer Binders industry, altering market dynamics and trends.
• The global health crisis has had a significant impact on the polymer binders’ sector, generating supply chain disruptions and price and demand volatility. Industry analysts, on the other hand, believe that the global polymer binders’ market would hold it footing in the post-COVID scenario.

Top Impacting Factors

The polymer binder market is growing due to increased use of polymer binders in flooring, tiling, plastering, mortar mix, and insulation systems. The market is also growing due to an increase in per capita paint usage and demand for technical fabrics. There are various dangers involved with spray dying that are preventing the growth of the polymer binder’s industry. The use of polymer binders in the form of powder coatings, aqueous dispersion, and UV curing systems is projected to propel the worldwide polymer binder market in the future, as many industries adopt environmentally friendly approaches. The global polymer binders’ market is expected to benefit from a recent trend of employing high-performing, low-cost architectural coatings.

Market Trends

• BASF (Germany) has increased production of its JONCRYL brand of emulsions at its Netherlands facility to meet growing demand in Europe for inks and paper & board applications.
• For the paper and board industry, DowDuPont introduced fluorocarbon-free binders. RHOBARR is the brand name for the product. It can be used to improve the oil and grease resistance of paper-packaging barrier coatings. The company's polymer binders product line will be strengthened as a result of this advancement.
• Wacker's VAE dispersion production capacity was increased at its Ulsan factory in South Korea. The increased demand for polymer binders in the region has led to this expansion. The plant's total yearly capacity will increase by 80 kilotons. This will enable the company to meet the region's expanding need for polymer binders.
• SYNAQUA emulsion production capacity has been increased at Arkema's Michigan location in the United States. This expansion is in response to North America's increased demand for polymer binders.
• Synthomer has expanded its manufacturing operations in acrylic, vinyl emulsions, and specialty polymers by opening a new plant in Stanburg.
• BASF has formed a joint venture with Adani to produce propane dehydrogenation, the oxo C4 complex, glacial acrylic acid, butyl acrylate, and maybe other downstream products.

Key Benefits of the Report

• This study presents the analytical depiction of the Polymer binders’ industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Polymer binders market share.
• The current market is quantitatively analyzed to highlight the Polymer binders market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed Polymer binders market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Polymer binders Report

• Who are the leading market players active in the Polymer binders’ market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?
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 Polymer Binders Market Report Highlights