Polymer Binder Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Polymer Binder Market is segmented by Type (Vinyl Acetate, Acrylic, Styrene Acrylic, and Latex), Form (Powder, Liquid, and High Solids), Application (Coatings, Adhesives, Textiles, Inks, Metals, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

Polymer Binder Market Overview
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %
Polymer Binder Market Major Players

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Market Overview

The polymer binder market is expected to register a CAGR of over 7% during the forecast period. One of the main factors driving the market is the growing demand for polymer binders from architectural coatings. However, the decreasing demand for polymer binders for use in paper and carpet products is expected to hinder the growth of the market studied.

  • By application, the increasing demand for polymer binders from architectural coatings is expected to dominate the market over the forecast period.
  • Growing demand for water-based polymer binders from end-user applications is likely to act as an opportunity for the market studied in the coming years.
  • The Asia-Pacific region is expected to dominate the market with the largest consumption from countries, such as China and India.

Scope of the Report

The polymer binder market report includes:

Vinyl Acetate
Styrene Acrylic
High Solids
Other Applications
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Growing Demand for Polymer Binders from Architectural Coatings

  • Polymeric binders are valuable raw materials or substances that hold or draw other materials together to form a cohesive whole mechanically, chemically, by adhesion or cohesion.
  • Polymer binder is an important ingredient in coatings as it is used to impart adhesion, gloss, and flexibility to the dried film, as well as binds the pigment particles together.
  • Paints and coatings made from polymer binders are extensively used in the architectural sector, for both exterior and interior applications. Modern advances in paint technology, specifically in acrylic formulations, have offered a wide range of weatherproof coatings.
  • Hence, owing to the above-mentioned factors, the application of polymer binders in architectural coatings is likely to dominate the market during the forecast period.
Polymer Binder Market Trends

The Asia-Pacific Region is Expected to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market for polymer binders during the forecast period. The rising demand for polymer binders from architectural coatings, with the growing construction industries in developing countries, like China and India, is expected to drive the overall demand for polymer binders in this region.
  • The largest producers of polymer binders are in the Asia-Pacific region. Some of the leading companies in the production of polymer binders are BASF SE, Dow, Celanese Corporation, Arkema, and Wacker Chemie AG, among others.
  • In India, the infrastructure sector has become one of the major focus areas for the government. The government aims to boost the construction of buildings in the country and has decided to come up with a single window clearance facility, to provide speedy approvals of the construction projects.
  • Despite the volatile growth in the real estate sector, the significant development of rail and road infrastructure by the Chinese government, to withstand the expanding industrial and service sectors, resulted in a significant growth of the Chinese construction industry in the recent years.
  • Japan’s architectural and infrastructural industry has matured enough in recent years, thus making it a prospective country for paints and coatings.
  • Owing to the above-mentioned factors, the market for polymer binders in the Asia-Pacific region is projected to grow significantly during the study period.
Polymer Binder Market Growth

Competitive Landscape

The global polymer binder market is partially consolidated in nature with only few major players dominating the market. Some of the major companies are BASF SE, Dow, Celanese Corporation, Arkema, and Wacker Chemie AG, among others.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Demand for Polymer Binders from Architectural Coatings

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Decreasing Demand for Polymer Binders from Paper and Carpet Products

      2. 4.2.2 Government Regulations on Production of Powdered Polymer Binders

      3. 4.2.3 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition


    1. 5.1 Type

      1. 5.1.1 Vinyl Acetate

      2. 5.1.2 Acrylic

      3. 5.1.3 Styrene Acrylic

      4. 5.1.4 Latex

    2. 5.2 Form

      1. 5.2.1 Powder

      2. 5.2.2 Liquid

      3. 5.2.3 High Solids

    3. 5.3 Application

      1. 5.3.1 Coatings

      2. 5.3.2 Adhesives

      3. 5.3.3 Textiles

      4. 5.3.4 Inks

      5. 5.3.5 Metals

      6. 5.3.6 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 Dow

      3. 6.4.3 Celanese Corporation

      4. 6.4.4 Arkema

      5. 6.4.5 Wacker Chemie AG

      6. 6.4.6 Trinseo

      7. 6.4.7 OMNOVA Solutions Inc.

      8. 6.4.8 DCC

      9. 6.4.9 Toagosei Co. Ltd

      10. 6.4.10 Synthomer PLC

      11. 6.4.11 Trinseo

      12. 6.4.12 Dairen Chemical Corporation

    5. *List Not Exhaustive

    1. 7.1 Growing Demand for Water-based Polymer Binders from End-user Applications

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Polymer Binder Market market is studied from 2016 - 2026.

The Polymer Binder Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

BASF SE, Dow, Celanese Corporation, Arkema, Wacker Chemie AG are the major companies operating in Polymer Binder Market.

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