Market Overview In 2022, the global textile binder market was valued at USD 3.45 Billion and is projected to reach USD 5.13 Billion by 2032, with a rapid revenue compound annual growth rate (CAGR) of 4.5% during the forecast period. The escalating demand for textile binders across diverse end-use sectors such as textile, healthcare, automotive, construction, and packaging serves as a primary catalyst propelling market expansion.
The rising need for sophisticated textile binders arises from the increasing requirement for durable and effective fabrics, especially in industries such as automotive and healthcare. Additionally, there is a noticeable uptick in the market for eco-friendly and biodegradable textile binders, which is fueling revenue expansion. These binders play a crucial role in providing fabrics and textiles with diverse attributes such as bonding, stiffening, and shaping.
Get a sample copy of the Textile Binder Market report: https://www.reportsanddata.com/download-free-sample/8048
Additionally, there is a rising requirement for textile binders with enhanced performance characteristics such as increased strength, adhesion, and resistance to heat and chemicals, further boosting market revenue. Customers’ increasing environmental awareness and preference for biodegradable and non-toxic textile binders also contribute to market growth. These binders, offering defense against bacteria and viruses, find applications in medical textiles like surgical gowns, masks, and drapes.
Despite these growth drivers, factors such as the high cost of modern textile binders and the availability of cheaper alternatives may restrain market revenue growth.
Government Regulations: Regulatory bodies like the European Chemicals Agency (ECHA), the United States Environmental Protection Agency (EPA), the American Apparel and Footwear Association (AAFA), the European Commission, and the U.S. Department of Commerce have implemented regulations and standards concerning the use of textile binders. These regulations encompass restrictions on chemical concentrations, limits on volatile organic compound (VOC) emissions, industry standards, safe product use, and regulatory reporting requirements.
Key Insights: Type Overview: The global textile binder market is segmented into several categories including acrylic, styrene-butadiene latex, vinyl acetate ethylene, and others. Acrylic binders dominated the market in 2022, owing to their exceptional binding capacity, high resilience, and tolerance to heat and chemicals. The expansion of the acrylic segment is driven by the escalating demand for high-quality textiles across various industries.
The technical textiles segment is expected to witness substantial expansion during the forecast period, propelled by the escalating need for high-performance textiles across diverse industries such as automotive, healthcare, and construction.
Regional Outlook: The Asia Pacific region dominated the global textile binder market in 2022, attributed to the presence of major textile-producing countries like China and India. The region’s rapid industrialization, coupled with increased disposable income and population, drives market growth. Additionally, the expansion of e-commerce platforms has further boosted textile product sales in the region.
North America is anticipated to register the fastest revenue CAGR, driven by the rising demand for technical textiles across industries such as construction, automotive, and healthcare. Moreover, the adoption of sustainable manufacturing practices and consumers’ increasing awareness of eco-friendly products contribute to market growth.
Europe is expected to witness steady growth during the forecast period, supported by the demand for textile binders in various applications and the region’s focus on environmentally friendly production techniques.
Competitive Landscape: Key players in the global textile binder market include Clariant AG, BASF SE, Akzo Nobel N.V., Arkema S.A., Dow Inc., Eastman Chemical Company, Stahl Holdings B.V., Evonik Industries AG, Wacker Chemie AG, and OMNOVA Solutions Inc. These companies are engaged in strategic developments such as expansions, acquisitions, and new product launches to strengthen their market position.
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/8048
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blogs | Press Release | Industry News | Our competencies
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
Browse More Latest Reports @ https://www.reportsanddata.com/report
Browse Latest Blogs: https://www.reportsanddata.com/blogs
Browse Latest Press Release: https://www.reportsanddata.com/press-release