Latex Binders Market by Type (Styrene Acrylic, Styrene Butadiene), End-use Industry (Paints & Coating, Adhesive & Sealant, Paper & Paperboard, Textile & Carpet, Construction & Fiber Bonding Materials), and Region – Global Forecast to 2026

2021-08-02
Price :
Published : Aug-2021
No. of Pages : 248
Inquire before Buying request discount

The global latex binders market is projected to register a CAGR of 6.5% between 2021 and 2026, in terms of value.

The global latex binders market size is projected to grow from USD 6.6 billion in 2021 to USD 9.0 billion by 2026, at a CAGR of 6.5% between 2021 and 2026. . The increasing demand from technical textiles, increase in demand for protective coatings for roofs and floors in industrial and commercial facilities, increasing demand from emerging economies, and rising per capita consumption of paints is driving the market for latex binders. However, volatility in raw material prices is expected to restrain this market. Increased demand for water-based acrylic latex binders in emerging markets, increase in industrial and commercial construction and increase in population and rapid urbanization leading to large number of construction projects are expected to offer significant growth opportunities to manufacturers of latex binders. The major challenges faced by players are the manufacture of low-VOC latex binders and rise in demand for bio-based latex binders in Europe.

In terms of value, the styrene-butadiene segment is projected to account for the largest share of the latex binders market, by type, during the forecast period.

Styrene-butadiene is projected to be the largest type segment in latex binders market. Styrene-butadiene latex is classified into styrene-butadiene rubber and styrene-butadiene copolymer. These binders have good handling property, ease of application, and high bonding strength. Low-cost medium is used to formulate latex, making latex comparatively inexpensive. Latex is widely used in applications such as construction additives, paints & coating, adhesive & sealant, paper & paperboard, textile & carpet, and sports surfaces.

Paints & coating is projected to register the highest CAGR during the forecast period.

Paints & coating is the leading segment of the latex binders market. The latex binder is used to manufacture polymer emulsions for architectural paints. Latex polymer emulsions are majorly used to decorate and protect new constructions as well as to maintain existing structures including residential homes and apartments, public buildings, and plants & factories. When used for the end-use industries mentioned above, they are referred to as architectural or decorative paints & coating. Another use of the latex binder in paints & coating is that of decorating/protecting industrial products and construction spaces. Other miscellaneous end uses include traffic paints, vehicle refinishing, high-performance coatings for industrial plants and equipment, and the protection of marine structures and vessels. The latex binder is used for the manufacture of these emulsions for paints & coating.

The APAC region leads the latex binders market in terms of value.

APAC is the fastest-growing region for latex binders market. The growth in demand for latex binders in the region can be largely attributed to factors such as high population, increasing industrial growth, and stringent environmental norms. Moreover, the rising number of end-use industries in the region is also leading to innovations and developments in the field of latex binders, thereby fueling the growth of the APAC latex binders market.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the latex binders market, and information was gathered from secondary research to determine and verify the market size of several segments.

  • By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
  • By Designation: C Level Executives– 35%, Directors – 40%, and Others – 25%
  • By Region: APAC – 40%, Europe – 10%, North America – 25%, the Middle East & Africa – 15%, and South America- 10%

Major players operating in the global latex binders market include Trinseo (US), BASF SE (Germany), Wacker Chemie (Germany), Arkema (France), Synthomer Plc (UK), Celanese Corporation (US), Omnova Solutions (US), Dairen Chemical (Taiwan), Arlanxeo (Netherlands), Kalpana Polymers (India), Shandong Hearst Building Material (China), Visen Industries (India), Jesons (India), Acquos (Australia), Organik Kimya (Turkey), Puyang Yintai Industrial Trading (China), Bosson Union Tech (China), ADPL Group (India), Sakshi Chem Sciences (India), Apcotex (India), Bangkok Synthetics (Bangkok), Goodyear Chemical (US), Jubilant Agri & Consumer Products (India), Kumho Petrochemical (South Korea), Lion Elastomers (US), Lubrizol (US), Shanghai Baolijia (China), Shanxi Sanwei (China), Sibur (Russia), and Sumitomo Chemical (Japan).

Research Coverage:

This report provides detailed segmentation of the latex binders market based on type and end-use industry. Based on type, the latex binders market has been segmented into styrene acrylic, styrene-butadiene, and others. Based on the end-use industry, the latex binders market has been segmented into paints & coating, adhesive & sealant, paper & paperboard, textile & carpet, construction & fiber bonding materials, and others.

Key Benefits of Buying the Report

From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share ranking of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the latex binders market; high growth regions; and market drivers, restraints, opportunities, and challenges.

Filed in: Chemicals
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Water Blocking Tapes Market by Conductive Type (Conductive, Semi-conductive, Non-conductive), Application (Optical Fiber cable, Submarine cable, Power cable Communication cable) and Region (North America, Europe, APAC, RoW) – Global Forecast to 2027

“The water blocking tapes market is projected to register a CAGR of 5.5% during the forecast period.” The water blocking tapes market is estimated to be USD 378 million in 2022 and is projected to reach USD 495 million by 2027, at a CAGR of 5.5% between 2022 and 2027. The increasing demand for water blocking tapes in power and telecommunication projects is one of the most significant factors projected to drive the growth of the water blocking tapes market. However, the negative impact of the COVID-19 pandemic across all the end-users has affected the water blocking tapes market adversely. “Non-conductive water blocking tapes leads the market.” The water blocking tapes market is segmented into three different types, namely, conductive, semi-conductive, and non-conductive ta......
 $4950

Corrosion Protection Coating Market by Resin Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc, Chlorinated Rubber), Technology (Solvent, Water, Powder), End-Use Industry (Marine, Oil & Gas, Petrochemical, Infrastructure) & Region – Global Forecast to 2027

The corrosion protection coatings market is projected to register a CAGR of 4.1%, in terms of value, between 2022 and 2027. The corrosion protection coatings market is projected to grow from USD 10.1 billion in 2022 to USD 12.3 billion by 2027, at a CAGR of 4.1%, between 2022 and 2027. Corrosion protection coatings are used in almost all heavy industries, and different types of corrosion protection coatings cater demand from various industries as per their requirements. The corrosion protection coatings market has been segmented based on end-use industry into marine, oil & gas, petrochemical, infrastructure, power generation, water treatment, and others (defense & space, primary metals & mining operations, cargo containers, pulp & paper mills, and other processes includi......
 $4950

Tab Leads and Tab Seal Film Market by Material (Aluminum, Copper, Nickel, Polyamide, End User (Consumer Electronics, Electric Vehicles, Military, Industrial) and Region (North America, Europe, APAC, Rest of World) – Global Forecast to 2027

The market size of tab leads and tab seal film is projected to grow from USD 318 million in 2022 to USD 600 million by 2027, at a CAGR of 13.6% during the forecast period. The tab leads and tab seal film market growth is estimated to be majorly driven by growing economies of Asia Pacific region. “Nickel segment is expected to be the second-largest raw material in the tab leads and tab seal film market, in terms of value in 2022” Nickel is used to manufacture pouch batteries and their parts as nickel enhances the energy density of a battery. Nickel is one of the essential materials in making tab leads. Hence, the growing demand for pouch batteries in this application will drive the demand for nickel in the production of tab leads. “Industrial segment is expected to be the sec......
 $4950

EPDM Market by application (Automotive, Building & Construction, Plastic Modification, Tires & Tubes, Wires & Cables and Lubricant Additives), Manufacturing Process, Region (North America, Europe, APAC, MEA, and South America) – Global Forecast to 2027

“Steady recovery of global automotive sector to drive the EPDM market  ”         The global Polymethyl Methacrylate (EPDM) market is projected to grow from USD 3.6 Billion in 2022 to USD 4.8 Billion by 2027, at a CAGR of 5.9% during the forecast period The recovery of automotive sector in the APAC region is driving the EPDM market during the forecast period. Moreover, the development of eco-friendly technologies for production of EPDM and growing demand for electric & hybrid vehicles are new opportunities in EPDM market. “Automotive is projected to be the fastest-growing segment by application in EPDM market” Based on application, automotive is estimated to be the fastest-growing segment of EPDM during the forecast period. . China, India, Japan, and other Sout......
 $4950

Energy Recovery Ventilator Core Market by Material Type (Engineered Resin, Fibrous Paper), Shape (Square, Diamond, Hexagon, Wheel), Flow Type (Counter-flow and Crossflow) and Region – Global Forecast to 2027

“The energy recovery ventilator core market is projected to grow at a CAGR of 7.5% from 2022 to 2027, in terms of value.” The energy recovery ventilator core market is projected to grow from USD 947 million in 2022 to USD 1,360 million by 2027, at a CAGR of 7.5% from 2022 to 2027.The global market for energy recovery ventilator core are driven by factors such as rise in residential and commercial construction projects in many developing countries, regulations and energy efficient standards by different government organizations, necessity to improve indoor air quality in air-tight buildings and changing climate conditions. “By material type, the engineered resin segment is estimated to be the fastest-growing segment of energy recovery ventilator core market during 2022 to 2027�......
 $4950

Piperidine Market by Type (99% Purity and 98% Purity), End Use Industry (Pharmaceutical, Agrochemicals, Rubber, and Others), Region (Asia Pacific, Europe, North America, Middle East & Africa and South America) – Global Forecast to 2027

The market size for global piperidine market is projected to grow from USD 64 million in 2022 to USD 86 million by 2027, at a CAGR of 5.9% from 2022 to 2027.The growth of the piperidine market is attributed to their high demand as solvents, base and catalyst in pharmaceutical, agrochemical and others industries. “99% purity segment to be the largest type of piperidine” Piperidine with 99% purity and above is the purest form of piperidine available. The pharmaceutical end-use industry is boosting the demand for piperidine with 99% purity. Some piperidine derivatives, namely, N-Methyl, N-Benzyl piperidone derivatives, are extremely useful and versatile API intermediates in organic synthesis. “Agrochemicals to be the second-largest segment during the forecast period.” Agro......
 $4950

Automotive Silicone Market by Type (Elastomers, Gels, Resins, Fluids), Application (Interior & Exterior, Engines, Electrical, Tires), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) – Global Forecasts to 2027

The global automotive silicone market is projected to register a CAGR of 7.1% between 2022 and 2027, in terms of value. The global automotive silicone market size is projected to grow from USD 2.2 billion in 2022 to USD 3.1 billion by 2027, at a CAGR of 7.1% between 2022 and 2027. Rising demand from emerging markets and growth of transportation industry globally are expected to offer significant growth opportunities to manufacturers of automotive silicone. “Electrical segment accounted for the second largest share in the automotive silicone market in terms of value.” The electrical segment had a share of 27.7% in the overall automotive silicone market, in terms of value, in 2021. Silicones are used in ignition cables, also known as “spark plug wires” which are a part of th......
 $4950

Pyridine & Pyridine Derivatives Market by Type (Epoxy, Acrylic, Silicone), End-Use Industry (Oil & Gas, and Petrochemical; Marine; Energy & Power) & Region (North America, Europe, APAC, MEA, South America) – Global Forecast to 2027

“The pyridine & pyridine derivatives market is projected to register a CAGR of 6.1%, in terms of value, between 2022 and 2027” The Pyridine & pyridine derivatives market is expected to grow from USD 701 million in 2022 to USD 940 million by 2027, at a CAGR of 6.1%, between 2022 and 2027. The Pyridine & pyridine derivatives market depends heavily on the performance of Agrochemicals, pharmaceuticals, latex, food, electronics, and other industries. “Pyridine accounted for the maximum share of pyridine and pyridine derivatives market” The pyridine segment has been estimated to drive the market over the forecast period. Pyridine can be manufactured through two methods, the natural method and through the fusion of chemicals. It is largely used in the pharmaceutical a......
 $4950

Agricultural Adjuvants Market by Function (Activator Adjuvants & Utility Adjuvants), Application (Insecticides, Fungicides, Herbicides), Adoption Stage (Tank-mix & In-formulation), Formulation, Crop Type and Region – Global Forecast to 2027

“The agricultural adjuvants market is projected to grow at a CAGR of 5.2% during the forecast period.” According to MarketsandMarkets, the agricultural adjuvants market size is estimated to be valued at USD 3.7 Billion in 2022 and is projected to reach USD 4.7 Billion by 2027, recording a CAGR of 5.2% during the forecast period in terms of value. Agricultural adjuvants are additives added to agricultural chemical products to alter their physicochemical properties and improve their efficacy. Depending on their functional properties, agricultural adjuvants fall into two main categories—activator and utility adjuvants. Surfactants are the most widely used activator adjuvants that are formulated for crop protection solutions. They can either be ionic, nonionic, or amphoteric. The a......
 $4950

Textile Dyes Market by Dye Type (Direct, Reactive, VAT, Basic, Acid, Disperse), Type (Cellulose, Protein, Synthetic), Fiber Type (Wool, Nylon, Cotton, Viscose, Polyester, Acrylic) and Region (APAC, North America, Europe) – Global Forecast to 2027

The global textile dyes market size was USD 11.1 billion in 2022 and is projected to reach USD 14.0 billion by 2027, at a CAGR of 4.6%, between 2022 and 2027. The driving factors for this market are increased demand in garment industry, Increasing demand for dyes for cellulose fiber, etc. “Reactive dye segment is estimated to grow at the highest CAGR during the forecast period.” Reactive dyes are the most technically advanced segment in dyeing industry. Reactive dyes have had consistent growth. These dyes reduce the water consumption and hence are better for the environment. Common fabrics for this type of dye include rayon, cotton, and some nylons. The major drivers for the segment are better environmental performance, low cost, and improved technical properties such as good was......
 $4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy