Materials and Chemicals Polymer Binders Market Strategy, Main Top Players, | Page 2

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Polymer Binders Market To Reach USD 43.3 Billion By 2026
Growing global construction industry coupled with increasing per capita paint consumption in APAC is
expected to stimulate market growth.
Market Size – USD 23.93 billion in 2018, Market Growth - CAGR of 7.7%, Market Trends – Increased
demand for technical textiles
The global polymer binders market is expected to reach USD 43.3 billion by 2026, 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.
North America is estimated to grow at a CAGR of 7.8 percent in the forecast period. Increasing
construction activities in the U.S. is expected to stimulate the demand for polymer binders. The non-
residential construction is expected to witness a significant increase in investment under the Fixing
America’s Surface Transportation. Apart from this, the technical textile industry in the region is also
anticipated to witness a boost. Healthcare and automobile industry are a major consumer of technical
textiles in the U.S. Increasing healthcare expenditure coupled with growing medical technology in fields
such as implantable devices, bandaging and other medical devices would foster demand for the product
in the coming years.
To identify the key trends in the industry, click on the link below:
https://www.reportsanddata.com/report-detail/polymer-binders-market
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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