Rising Need for Eco-Friendly and Durable Construction Materials Augments the Demand for Polymer Binders

The market for polymer binders is majorly driven by the increasing demand from both private and public construction projects. The increasing application of polymer binders in tiling and flooring, plastering, and mortar mix and insulation systems further fuel the market growth. Polymer binders are extensively used as a replacement of the traditional resins in solvent-borne coatings. Due to their eco-friendly characteristics, powder coatings, polymer dispersion, and UV/EB curing systems are used in several industry verticals. This is anticipated to further drive the growth of the Polymer Binders Market. An emerging trend of incorporating good performing and cost-effective coating in the architectural sector is further anticipated to boost polymer binders' demand in the future. 

Polymer Binders Market


The expansion of the construction and textile industry and the increasing support of the government to these industries in countries such as China and India are expected to create lucrative opportunities for the market's growth. Since the onset of the COVID-19 pandemic outbreak, there has been a substantial rise in the need for sterilization, sanitation, and protection against viruses and bacteria. It has created an unprecedented need and opportunity for the medical textile industry. The extensive application of polymer binders in the technical textile industry, such as agro textiles and medical textiles, is anticipated to boost the market growth. 

Furthermore, the market's key players are undertaking extensive research and development activities to enhance their product portfolio and develop advanced polymer binders. The polymer binders market's major companies are BASF, DowDuPont, Celanese Corporation, Arkema, Wacker, Taogosei, Synthomer, Dairen Chemical, and OMNOVA. In October 2020, Wacker Chemie AG announced the expansion of its Chinese polymer activities by building two new production plants at its Nanjing site through an investment of USD 100 million. The production sites will now have a reactor for the manufacturing of vinyl-acetate-ethylene copolymer dispersion and a spray dryer for VAE dispersible polymer powders. On completion, the two plants are expected to be the largest polymer plants in the world. 

In November 2020, Wacker Chemie AG further announced the construction of a new production line at its site in Germany. This production line will be for silane-terminated polymers used as binders to develop high-quality sealants and adhesives, liquid waterproofing systems, and eco-friendly wood flooring adhesives. The production line is set to go onstream in 2022.

Location: New York, NY, USA

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