The global demand for Paper Coating Binders Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Paper coating binders are spherical-shaped particles that binds the pigments and other components of paper coating that are applied on the surface of the paper. The binders enhance the quality of the paper in terms of adhesion, smoothness, surface gloss, strength and durability. It improves the water retention capabilities of the paper and its functionality by reducing ink absorbency. It is an important ingredient in paper coatings. In paper coatings, both natural binder such as starch and protein and synthetic binders such as latex are used. However, with synthetic binders the biodegradability and recyclability of paper is negatively affected. Styrene maleic anhydride copolymer is one of the most common binders used in paper coatings.
Market Dynamics
The global paper coating binder market is predicted to witness significant growth during the forecast period. The key factor driving the market is the increasing usage of coated paper in numerous applications such as packaging, labels, printing and business communication. The market is also driven by the fact that paper coating manufacturers are using different types of raw materials to improve quality and reduce cost. Furthermore, increasing research activities in order to introduce new binders with improved strength and unique characteristics will propel market growth. However, reduced paper usage due to widespread digitization may restrict the growth of the paper coating binder market in the near future.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of paper coating binders. The growth and trends of paper coating binders industry provide a holistic approach to this study.
Market Segmentation
This section of the paper coating binders market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Petroleum-Based Paper Coating Binders
- Bio-Based Paper Coating Binders
By Application
- Paper
- Textile
- Construction
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Paper Coating Binders market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Paper Coating Binders Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the paper coating binders market include BASF SE, The Dow Chemical Company, Trinseo, Bercen, Thermax, OMNOVA Solutions, Orient Packagings Ltd, Hansol Chemical, Celanese Corporation, EcoSynthetix Inc., 3J Chemicals, Mayfair Biotech Pvt. Ltd, Raj Chemicals Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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