Latex Binder Market Size, Share, Opportunities, And Trends By Type (Polyurethane, Polyester, Vinyl Acetate, Latex, Acrylic), By Form (Powder, Liquid, High-solid), By Application (Pharmaceuticals, Construction, Textiles, Paints & Coatings, Paper & Boards), And By Geography - Forecasts From 2024 To 2029

  • Published : Jan 2024
  • Report Code : KSI061616554
  • Pages : 144

The latex binder market is anticipated to show steady growth during the forecast period.

Latex binders are a type of emulsion polymers primarily used in the production of paints and coatings as they act as a film-forming agent, ensuring adhesion, durability, and flexibility. They are also used in the manufacture of adhesives and sealants, where they provide bonding strength while also improving moisture and chemical resistance. These binders are used in numerous sectors such as pharmaceuticals, construction, textiles, paints & coatings, and paper & boards. Booming building construction activities coupled with growing demand for adhesives and sealants are contributing to the latex binder market growth.

Market Drivers

  • Growing construction activities drive the latex binder market growth.

Latex binders are widely used in a variety of construction applications, such as concrete and mortar mixtures and architectural coatings, to improve performance, durability, and adhesion properties. The primary goal of these binders is to improve the overall performance and longevity of these materials, resulting in the mixture becoming crack-resistant and less permeable to water and moisture. The construction activities are expanding rapidly owing to increased urbanization and infrastructure development, which is driving up demand for latex binders. For instance, according to the U.S. Census Bureau data, the total value of residential constructions increased from 874,829 million to 907,395 million in 2023, an increase of 3.7%.

  • Growing demands for adhesives and sealants accelerated the latex binder market growth

Latex binders are typically utilized in the production of adhesives and sealants due to their excellent bonding and water resistance properties. They serve as a key component in holding various materials together providing a strong bond and improving the durability of adhesive/sealant products. The construction and infrastructure sectors are expanding, increasing demand for adhesives and sealants to aid in building, renovation, and repair projects. Additionally, to fulfill the growing demand for adhesives and sealants numerous key players are expanding their manufacturing facilities. For instance, in December 2021, Sika established a new technology center and manufacturing plant in Pune to produce high-quality adhesives and sealants.

The shift towards water-based coatings contributed to the latex binder market growth.

Latex binders are the primary film-forming component in water-based coatings. When a coating is applied, the latex particles combine to form a continuous and uniform film on the substrate surface, creating a protective and decorative coating. The growing preference for eco-friendly and sustainable products drives up demand for water-based coatings, as they reduce VOC (volatile organic compounds) emissions and improve environmental compatibility. These factors and the shift in water-based coatings are anticipated to positively impact the latex binder market growth.

Asia Pacific is projected to grow significantly.

Asia Pacific is expected to account for a significant share of the latex binder market fuelled by the increasing building construction and new establishments in the major countries in the region. For instance, according to the Council on Tall Buildings and Urban Habitat, there are 4,533 buildings in China, of which 3,272 have a height of 150 meters plus, whereas 117 have a height of 300 meters plus. Moreover, in September 2023, DuPont officially opened its new adhesives manufacturing facility in Zhangjiagang, East China to fulfil the market demand for adhesives.

Market Development

  • December 2023- Trinseo, a speciality materials solutions provider, launched LIGOS BH 7340 SCE Latex Binder, a compostable bio-hybrid binder for coated paper board products. It is employed to replace a significant amount of the synthetic binder in coatings, resulting in performance characteristics comparable to traditional paper or paperboard coatings with synthetic binders.
  • February 2023- Trinseo launched LIGOS™ C 9375, its first all-acrylic latex binder for building and construction applications, in North America. It is suitable for a wide range of applications, including hydraulic concrete mixtures, exterior insulation and finishing systems, cementitious maintenance, decorative layers, tile grouting, and sprayable and patching mortars.

Company products

  • Chemigum Latex 6387- Omnova Solutions (Synthomer) produces Chemigum Latex 6387, a copolymer of butadiene and acrylonitrile. It is designed to be easily and uniformly flocculated by salts during the beater addition process. It serves as the primary binder for fiber gaskets and has good resistance to heat aging, hydrocarbons, and oils.
  • NEOCAR LATEX 2300- NEOCAR latexes 2300, offered by Arkema, are latex polymers made from vinyl acetate or acrylic monomers and enhanced with vinyl versatate. It exhibits excellent hydrolytic stability, water resistance, and binding efficiency. The polymer is especially well suited for use in coatings for cement-based surfaces, as it has excellent durability and can be formulated into coatings with VOC levels ranging from 250 to 50 g/L.
  • APEX- BASF offers APEX next-generation latex binder that provides lower high shear rheology, high binding durability, and long runnability without coating buildup when applied to blades or rods. It allows manufacturers of coated paper and boards to formulate with less binder while maintaining performance.
  • DA-1141- Dairen Chemical Corporation provides DA-1141, which is ideal for modifying self-leveling flooring compounds. It is fully compatible with all commonly used superplasticizers and is compatible with common inorganic binders including Portland cement, high-alumina cement, anhydrite, gypsum, lime, and mixtures.


  • By Type
    • Polyurethane
    • Polyester
    • Vinyl acetate
    • Latex
    • Acrylic
  • By Form
    • Powder
    • Liquid
    • High-solid
  • By Application
    • Pharmaceuticals
    • Construction
    • Textiles
    • Paints & coatings
    • Paper & boards
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East And Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Taiwan
      • Others


1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline


2.1. Research Design

2.2. Research Data

2.3. Validation


3.1. Key Findings


4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis


5.1. Introduction

5.2. Polyurethane

5.3. Polyester

5.4. Vinyl acetate

5.5. Latex

5.6. Acrylic


6.1. Introduction

6.2. Powder

6.3. Liquid

6.4. High-solid


7.1. Introduction

7.2. Pharmaceuticals

7.3. Construction

7.4. Textiles

7.5. Paints & coatings

7.6. Paper & boards


8.1. Introduction 

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. France

8.4.3. United Kingdom

8.4.4. Spain

8.4.5. Others

8.5. Middle East And Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. India

8.6.4. South Korea

8.6.5. Indonesia

8.6.6. Taiwan

8.6.7. Others


9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisition, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix


10.1. Chemrez Technologies Inc.

10.2. SpecialChem SA

10.3. Celanese Corporation

10.4. Arkema

10.5. Toagosei Co. Ltd.

10.6. BASF SE

10.7. Wacker Chemie AG

10.8. Dairen Chemical Corporation

10.9. VISEN Industries Limited

10.10. Shandong Hearst building materials co. ltd.

Chemrez Technologies Inc.

SpecialChem SA

Celanese Corporation


Toagosei Co. Ltd.


Wacker Chemie AG

Dairen Chemical Corporation

VISEN Industries Limited


Shandong Hearst Building Materials Co. Ltd.

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