Market Overview:
The global solvent binders market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for paints and coatings, medical applications, and chemical industry applications. In terms of type, acrylic polymers resins are expected to dominate the market during the forecast period owing to their properties such as toughness, flexibility, and resistance against chemicals. In terms of application, paints and coatings are expected to account for the largest share in the global solvent binders market during the forecast period owing to their growing demand from end-use industries such as automotive and construction.
Product Definition:
A solvent binder is a material that is used to bind two or more other materials together. The solvent binder can be a liquid or a solid, and it will dissolve in the other materials that it is binding together. This dissolution will create a bond between the materials, which will hold them together.
Acrylic Polymers Resins:
Acrylic polymers resins is a group of synthetic organic compounds, which are manufactured by the polymerization of acrylic acid. The product has high molecular weight and is soluble in water, alcohols and ether. It also exhibits good heat resistance along with excellent weather stability. Acrylic polymers resins find application in paints & coatings, printing inks, adhesives & sealants as well as other industries including construction chemicals and automotive OEM (Original Equipment Manufacturers).
Alkyd Polymers Resins:
Alkyd Polymers Resins and it's usage in Solvent Binders is a new segment of market which has been experiencing brisk growth during the last few years. The major reason for this growth is increasing demand from paints & coatings industry. Alkyd polymers resins are used to bind various substances such as epoxy, alkyd, acrylics and other types of paints together. These products have high solid content ranging from 40% to 60%.
Application Insights:
Paints and coatings emerged as the largest application segment with a volume share of over 40.0% in 2017. Increasing construction activities in emerging economies including China, India, and Brazil are expected to drive product demand for solvent binders over the forecast period. In addition, increasing investments by foreign players in the Indian market is likely to complement industry growth during the estimated period.
The chemical industry was another significant segment accounting for a volume share of 29% in 2017 owing to rising demand from various end-use industries including paints and coatings automotive industrial applications such as metal coating machine oil emulsions printing inkjet papers laminating resins water-based polymers cement manufacturing among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising construction activities, coupled with growing automotive industry. In addition, increasing foreign investments in countries such as China and India are anticipated to drive regional growth over the next eight years.
The demand for solvent binders in Europe is expected to grow at a moderate pace owing to stringent environmental regulations by various regulatory bodies such as ECHA, EPA, etc., which has forced companies operating within this region limits on production volumes and product types they may use. However, shifting consumer focus towards bio-based solvents will provide some relief for manufacturers across Europe who are seeking alternatives for their current chemical counterparts; however it’s too early tell how these new materials will fair against each other once introduced into the marketplace.
Growth Factors:
- Increasing demand for adhesives and sealants in end-use industries such as construction, automotive, and packaging
- Rising demand from emerging economies
- Growing use of solvent binders in waterborne coatings
- Technological advancements that have led to the development of new and improved products
- Stringent environmental regulations governing VOC emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Solvent Binders Market Research Report
By Type
Acrylic Polymers Resins, Alkyd Polymers Resins, Epoxy Polymers Resins, Others
By Application
Paints and Coatings, Medical, Chemical Industry, Others
By Companies
The Dow Chemical Company, Arkema SA, AkzoNobel, Nippon Shokubai, BASF SE, Evonik Industries, LG Chem Ltd., Momentive Specialty Chemicals, Mitsubishi Chemical Holdings Corporation, OJSC Sibur Holding
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Solvent Binders Market Report Segments:
The global Solvent Binders market is segmented on the basis of:
Types
Acrylic Polymers Resins, Alkyd Polymers Resins, Epoxy Polymers Resins, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Paints and Coatings, Medical, Chemical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- The Dow Chemical Company
- Arkema SA
- AkzoNobel
- Nippon Shokubai
- BASF SE
- Evonik Industries
- LG Chem Ltd.
- Momentive Specialty Chemicals
- Mitsubishi Chemical Holdings Corporation
- OJSC Sibur Holding
Highlights of The Solvent Binders Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Acrylic Polymers Resins
- Alkyd Polymers Resins
- Epoxy Polymers Resins
- Others
- By Application:
- Paints and Coatings
- Medical
- Chemical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solvent Binders Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Solvent binders are a type of adhesive that is used to attach two or more pieces of paper together. They are often used in printing and publishing, as they help to prevent the pages from sticking together.
Some of the major companies in the solvent binders market are The Dow Chemical Company, Arkema SA, AkzoNobel, Nippon Shokubai, BASF SE, Evonik Industries, LG Chem Ltd., Momentive Specialty Chemicals, Mitsubishi Chemical Holdings Corporation, OJSC Sibur Holding.
The solvent binders market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solvent Binders Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Solvent Binders Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Solvent Binders Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Solvent Binders Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Solvent Binders Market Size & Forecast, 2018-2028 4.5.1 Solvent Binders Market Size and Y-o-Y Growth 4.5.2 Solvent Binders Market Absolute $ Opportunity
Chapter 5 Global Solvent Binders Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Solvent Binders Market Size Forecast by Type
5.2.1 Acrylic Polymers Resins
5.2.2 Alkyd Polymers Resins
5.2.3 Epoxy Polymers Resins
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Solvent Binders Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Solvent Binders Market Size Forecast by Applications
6.2.1 Paints and Coatings
6.2.2 Medical
6.2.3 Chemical Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solvent Binders Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Solvent Binders Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Solvent Binders Analysis and Forecast
9.1 Introduction
9.2 North America Solvent Binders Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Solvent Binders Market Size Forecast by Type
9.6.1 Acrylic Polymers Resins
9.6.2 Alkyd Polymers Resins
9.6.3 Epoxy Polymers Resins
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Solvent Binders Market Size Forecast by Applications
9.10.1 Paints and Coatings
9.10.2 Medical
9.10.3 Chemical Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Solvent Binders Analysis and Forecast
10.1 Introduction
10.2 Europe Solvent Binders Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Solvent Binders Market Size Forecast by Type
10.6.1 Acrylic Polymers Resins
10.6.2 Alkyd Polymers Resins
10.6.3 Epoxy Polymers Resins
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Solvent Binders Market Size Forecast by Applications
10.10.1 Paints and Coatings
10.10.2 Medical
10.10.3 Chemical Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Solvent Binders Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solvent Binders Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Solvent Binders Market Size Forecast by Type
11.6.1 Acrylic Polymers Resins
11.6.2 Alkyd Polymers Resins
11.6.3 Epoxy Polymers Resins
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Solvent Binders Market Size Forecast by Applications
11.10.1 Paints and Coatings
11.10.2 Medical
11.10.3 Chemical Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Solvent Binders Analysis and Forecast
12.1 Introduction
12.2 Latin America Solvent Binders Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Solvent Binders Market Size Forecast by Type
12.6.1 Acrylic Polymers Resins
12.6.2 Alkyd Polymers Resins
12.6.3 Epoxy Polymers Resins
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Solvent Binders Market Size Forecast by Applications
12.10.1 Paints and Coatings
12.10.2 Medical
12.10.3 Chemical Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Solvent Binders Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solvent Binders Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Solvent Binders Market Size Forecast by Type
13.6.1 Acrylic Polymers Resins
13.6.2 Alkyd Polymers Resins
13.6.3 Epoxy Polymers Resins
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Solvent Binders Market Size Forecast by Applications
13.10.1 Paints and Coatings
13.10.2 Medical
13.10.3 Chemical Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Solvent Binders Market: Competitive Dashboard
14.2 Global Solvent Binders Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 The Dow Chemical Company
14.3.2 Arkema SA
14.3.3 AkzoNobel
14.3.4 Nippon Shokubai
14.3.5 BASF SE
14.3.6 Evonik Industries
14.3.7 LG Chem Ltd.
14.3.8 Momentive Specialty Chemicals
14.3.9 Mitsubishi Chemical Holdings Corporation
14.3.10 OJSC Sibur Holding