Market Size of Polymer Binder Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polymer Binder Market Analysis
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.
