Coating Binders Market Report

The demand for coating binders is being stimulated by emerging nations' rapid urbanization and infrastructure development. Epoxy resins are widely used in the construction and infrastructure industries as coating binders. Because of the significant increase in the infrastructure sector in China and India, the Asia Pacific region has tremendous potential prospects for manufacturers of coating binders. Furthermore, the popularity of DIY projects has significantly increased the use of paints and coatings, which has increased the demand for coating binders.

The coatings sector is seeing a rise in the use of water-borne materials. Water-borne emulsions using acrylic polymers as binders are often used in paintings. These water-borne emulsion paints are widely utilized as ornamental paints for both the outside and inside of buildings. The amount of construction production is predicted to increase by 85% globally by 2030, with India, China, and the United States being the main drivers of this growth, according to research by an expert team from Global Construction Perspectives and Oxford Economics.

The manufacturing of coating binders is predicted to increase over the next decade, particularly in areas like China and India, due to the rising demand for chemicals that can retain gloss, color, and resistance to blistering, cracking, and flaking. Globally, more individuals live in urban areas than in rural regions, with 54% of the world's population living in urban areas as of 2014. This is according to the UN's World Urbanization Prospects. In 1950, 30% of the world's population lived in urban areas; by 2050, 66% of all people are expected to live in urban centers. By 2050, an additional 2.5 Bn people are expected to live in urban areas throughout the world as a result of population growth and urbanization, with Asia and Africa accounting for over 90% of this expansion. India, China, and Nigeria are just three of the nations that are expected to make up 37% of the projected increase in the global urban population between 2014 and 2050.

According to projections, Nigeria, China, and India will each add 212 Mn urban residents. Additionally, Asia will account for almost 60% of the global rise in urban population, with China and India playing a significant role. This sharp increase in urban population will boost housing demand, which is expected to fuel the region's paints and coatings industry. Additionally, as coating binders are a necessary component for ensuring adhesion and delivering a glossing appearance to the inside and outside of the walls, a rise in housing activities will directly influence the growth of binder consumption.

• Sustainable formulations for eco-friendly coatings.
• Rising demand for water-based binders over solvent-based alternatives.
• Emphasis on nano-coating binders for enhanced durability.

Environmental regulation is emerging as a significant driver of industry shifts toward water-borne coating technologies. National, state, and municipal governments throughout the world are regulating volatile organic compounds by restricting the quantity of VOCs that businesses can release in a certain time period. Companies are also using water-based coating technology to reduce VOC emissions because it contains no or minimal solvents. The use of water-based coatings in interior house paint and heavy-duty protective coatings results in fewer odors, which may be both unpleasant and dangerous to one's health.

One of the primary reasons for the increased usage of water-based coatings is this. In recent years, there has been an upsurge in demand for structural steel. As a result, water-based intumescent coatings that respond to fire are being developed. Furthermore, due to its low cost and self-charring capability, vinyl acetate is used in the great majority of water-borne intumescent coatings. Water-borne coatings have become more popular in regions with strict VOC emission rules. Water-based paints account for over 80% of residential paint sales.

Strict environmental regulations and increased consumer health awareness are boosting demand for water-based coatings rather than solvent-based coating binders. To restrict the impact of VOCs on the environment and human health, governments and regulatory agencies throughout the world are imposing rigorous controls on the paints and coatings sector. Paint manufacturers throughout the world are also shifting away from solvent-based coating binders and toward water-based coating binders. China, Latin America, and other emerging areas are also going to implement VOC-in-paint rules. Despite current VOC rules in the paints and coatings sector in the United States and Europe, both areas aim to implement further VOC regulations in the next two decades. Restrictive policies are exerting pressure on solvent manufacturers to find alternative solutions with equivalent performance. This also opens up new opportunities for alternative solvents with lower toxicological and ecological profiles.

December 2, 2022: - AkzoNobel has completed the acquisition of Lankwitzer Lackfabrik GmbH's wheel liquid coatings business, which strengthens the company's performance coatings portfolio. In Jan 2022: - Apollo, the UK's biggest independent maker of liquid adhesives, coatings, and primers for the roofing, industrial, and construction sectors, has been acquired by H.B. Fuller Company.

Shin-Etsu Chemical has created a clear, water-resistant covering substance that will encourage the cyclical use of paper products.

Evonik Industries AG, Akzonobel, H.B. Fuller Company, Koninklijke DSM N.V., Shin-Etsu Chemical Co., Ltd., Stephan company, Synthomer plc, Arkema sa, ASHLAND GLOBAL HOLDINGS, INC, BASF SE, The Dow chemical company, THE Lubrizol corporation, The Sherwin-Williams Co., Toray Industries, Inc. are some of the prominent market players operating in the global coating binders market.

Due to factors such as high demand in the automobile industry and significant investment from key companies such as PPG Industries, the North American area is one of the largest markets for coating binders. These factors have resulted in a considerable growth rate in recent years. This region includes the United States, Canada, and Mexico, with Europe being its closest competitor.  Countries across Europe, such as Germany, have been identified as having a high demand for European coatings binders due to their automotive industry, which is one of the largest in the world, as well as other factors such as research and development on advanced technologies, making it an appealing destination for manufacturers from both the Asia Pacific and Latin America regions.

The Asia Pacific area is one of the fastest expanding markets in coatings binders, with important participants including China, Japan, and India. Asia Pacific accounts for over 3/5th of global paint manufacturing, making it a highly appealing market. Experts have also remarked that Middle Eastern nations such as Saudi Arabia have a rising demand for high-quality paint products as a result of factors such as industrialization, which has led to greater expenditures in residential infrastructure development projects. 

The report provides a detailed overview of the coating binders market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for the coating binders market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the coating binders market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which are anticipated to have a substantial impact on the growth of the coating binders market. Some key countries and region included in the coating binders market report are as follows:

• Coating binders market detailed segments and segment-wise market breakdown
• Coating binders market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in coating binders industry)
• Current, historical, and forthcoming 10 years market valuation in terms of coating binders market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
• Coating binders market demand analysis
• Coating binders market pricing analysis over the  forecast period (by key segment and by region)
• Coating binders market regional insights with a region-wise market breakdown
• Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
• Latest developments and innovations in the coating binders market
• Regulatory landscape by key regions and key countries
• Supply chain and value chain analysis in the coating binders market
• Coating binders market sales and distribution strategies
• A comprehensive overview of the parent market
• A detailed viewpoint on the coating binders market forecast by countries
• Mergers and acquisitions in the coating binders market
• Essential information to enhance market position
• Robust research methodology