Reports And Data

Growing global construction industry coupled with increasing per capita paint consumption in APAC is expected to stimulate market growth.

NEW YORK CITY, NEW YORK, UNITED STATES, May 17, 2022 /EINPresswire.com/ -- The global polymer binders market is expected to reach USD 50.51 Billion by 2028, 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.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1049  

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.
Key participants include BASF. DowDuPont, Celanese Corporation, Arkema, Wacker, Taogosei, Synthomer, Dairen Chemical, and OMNOVA. OMNOVA is a key supplier of binders globally. The binders offered by the company enable packaging, moist wipes and textiles to maintain their integrity and allow carpets to remain attached to its backing. The company has manufacturing facilities located across the U.S., Europe, China and Thailand. As of 2017, the company’s Performance Materials segment which deals in binders accounted for around 44 percent of the revenue of the company. Wacker and BASF are other prominent companies with a presence in the leading markets of the world including China, the U.S. and Europe.

Gain a better understanding of what more we have to offer:- @  https://www.reportsanddata.com/download-summary-form/1049

Type Outlook (Revenue, USD Million, 2018-2028)

Acrylic
Vinyl Acetate
Latex
Others

Form Outlook (Revenue, USD Million, 2018-2028)

Liquid
Powder
High Solids

Application Outlook (Revenue, USD Million, 2018-2028)

Architectural Coatings
Adhesives & Sealants
Textile & Carpets
Paper & Board
Construction Additives
Others

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The Polymer Binders market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Polymer Binders market.

To read more about the report @ https://www.reportsanddata.com/report-detail/polymer-binders-market    

The global Polymer Binders market is segmented into:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

What are the dominating factors that are influencing the growth of the industry?
In the forecast period, which market segment is expected to rise the most?
What are the risks and challenges that the industry is facing?
In the coming years, which area is projected to dominate the market?
Who are the major players in the market? What kind of strategic business plans have they made?

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/1049    

Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

Textile Chemicals Market: https://www.prnewswire.com/news-releases/textile-chemicals-market-size-to-reach-usd-38-66-billion-in-2030--rapid-urbanization-and-industrialization-around-the-globe-are-key-factors-driving-market-revenue-growth-says-reports-and-data-301509949.html

Automotive Silicone Market:https://www.prnewswire.com/news-releases/automotive-silicone-market-size-to-reach-usd-15-90-bn-in-2030-due-to-high-growth-application-areas-such-as-electrical-components-and-interior--exterior-parts-used-in-vehicle-industry-and-huge-growth-in-automobile-industry-says--301517743.html

DNA Polymerase Market: https://www.prnewswire.com/news-releases/dna-polymerase-market-size-to-reach-usd-568-3-million-in-2030--rising-demand-for-customized-dna-polymerase-and-next-generation-dna-sequencing-are-some-of-the-key-factors-driving-market-revenue-growth-says-reports-and-data-301523937.html                        

Aminoethylethanolamine Market: https://www.reportsanddata.com/report-detail/aminoethylethanolamine-market

Nickel Sulfate Market: https://www.reportsanddata.com/report-detail/nickel-sulfate-market  

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Tushar Rajput
Reports and Data
+1 212-710-1370
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.