Paper Coatings for Packaging Application to Create Significant Opportunities for Styrene Butadiene Binders Market
The Styrene Butadiene Binders market is expected to witness steady growth, expanding at a CAGR of 3.4% in the forecast period of 2021 to 2031. Styrene Butadiene Binders market in the forecast period will be driven by the rise in the levels of demand from the automotive and construction industry.
Furthermore, the rise in the need for paper across packaging and other applications is further propelling the growth of the Styrene Butadiene Binders market.
Moreover, the increase in the development in the carpet industry is further estimated to supplement the growth of the Styrene Butadiene Binders market. Carpet industry is an important end-user in Styrene Butadiene Binders market. The carpet industry is likely to witness tremendous growth over the forecast timeframe.
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What is Driving Demand for Styrene Butadiene Binders?
Emulsion polymers such as SB Binders are increasingly being used in various applications such as paints and coatings, adhesives and sealants, and paper and paperboard manufacturing. This is due to the low VOC emission and absence of flammable constituents. The growing demand for high-quality coated paper, paperboards, and fabrics has increased the use of SB Binders emulsion polymers.
Market is driven by extensive adoption in diverse industries, such as paper, adhesive, and sealants, paints and coatings, rubber, etc., Styrene Butadiene Binders market has witnessed a widespread commercialization portfolio over the recent years.
Paper Industry and Carpet Industry are Expected to Drive the Consumption of Styrene Butadiene Binders
In paper coatings applications, SB Binders has better properties than other materials, especially for wet applications such as paper drink carriers. But in other applications, SB Binders has competition from butyl acrylate–based systems, and also from the increasing starch content in more conventional paper grades. Bio-based Binders has shown only small penetration so far, and is not expected to have a significant impact.
A majority of SB Binders binders are used on coated printing papers such as magazines, annual reports, label stock, advertising flyers, and catalogs. The remainder is used for coating paperboard products (commercially produced coated paperboard) such as folding cartons for food packaging uses.
SB Binders improves brightness uniformity as well as print performance. In addition, it optimizes glueability, stiffness, and scoring, and enhances ink and varnish performance.
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The other major use for SB Binders is in back coatings for tufted carpets. Binders back coatings hold the tufts in place, anchoring the pile fibers, providing improved stability and resistance to fraying or tuft loss at the cut edges of the carpets.
The Binders functions as the laminating adhesive for a secondary backing (primarily polypropylene), but it can also function as the actual backing on some carpets (so-called unitary back carpets). The styrene content in SB Binders varies depending on the physical features desired in the final product.
Asia-Pacific of Styrene Butadiene Binders Market Outlook
Adhesives industry is a key user of styrene butadiene market. Asia Pacific led the global adhesives production, with production capacity of approximately 8 million tons and will subsequently propel the SB binder market size. China, Japan. are major carpet producers and account for more than 40% of total carpet production across the globe.
Paper industry is growing significantly in Asia pacific region which is driving the market. Asia Pacific is a leading carpet and paper producer and an enormous market for the paper based and textile & garments industry. Both, carpet and paper industries in Asia Pacific are growing at prominent rates, which clearly indicates new growth avenues for product demand in the next few years.
North America Styrene Butadiene Binders Market Outlook
Paper processing segment accounted for a major share of overall styrene butadiene latex market. North American paper industry is growing tremendously from past few years. The low VOC emission and absence of flammable constituents. The growing demand for high-quality coated paper, paperboards, and fabrics has increased the use of SB Binders emulsion polymers.
Increasing focus on sustainable paper packaging solutions in the region in expected to further propel market growth.
Who are the Key Manufacturers and Suppliers of Styrene Butadiene Binders
Some of the leading manufacturers and suppliers of Styrene Butadiene Binders include
- Trinseo
- BASF
- Asahi Kasei
- Synthomer
- Dow
- Mallard Creek Polymers
- Ultrapave Latex Polymers
- Euclid Chemical Company
- U.S. Adhesive
- LG Chem.
Key players are investing considerable efforts to advance the quality of their products. As the quality of the product is the major factor for increasing share in the market.
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