Growing Construction Industry to Drive Polymer Binders Market
The global construction output is projected to grow by 85% to reach $15.5 trillion by 2030.
The polymer binders market is estimated to be $24.1 billion in 2018 and is projected to reach $35 billion by 2023, at a compound annual growth rate (CAGR) of 7.8%. Majority of polymer binders' applications, such as architectural coatings, adhesives and sealants, and construction additives, are related to the construction industry. The growth in the construction industry is expected to have a favorable impact on the growth of the polymer binders market.