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Global Textile Binder Market Insight July 21, 2022 Comments

The Textile Binder is forecast to grow gradually over the next few years. According to the WK-chem Research “Global Textile Binder Professional Survey Report 2022, Forecast to 2027”, This growth can be attributed to factors such as an increase in disposable incomes, changing lifestyles, and increased production capacity for textiles globally. The demand for textile binders is expected to increase due to their end-user application in various areas like fabric coating & printing, flocking, discharge printing, and others. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.88% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

Innovation has always been an essential element in the development of the Textile Binder industry. Continuous innovation promotes the diffusion and application of generic technologies in small and middle-sized enterprises. said Amy, Senior analyst, Chemical & Material Market Research Center in WK-chem Research. At the same time, combining the forces of the government, industry associations and enterprises to innovate can solve the bottleneck problem of common technologies and improve product quality for the Textile Binder market, thereby promoting the development of the market.

Market insight:

As investigated, China and Southeast Asia are main regions for textile industry. They have large demand on binders. The mentioned regions are featured with cheap labor force and strong manufacturing industry. They are main exporting countries for textile and fabric. As forecasted, Post Covid-19 since 2022 will bring an economic rebound for global macroeconomics, supply and demand will welcome an increase. Textile binders will then welcome its opportunity in Asia.
Green and sustainable development is the current focus of global attention. It is not only suitable for energy, mining and other industries, but also points out the direction for the future transformation and development of textile industry. Under the guidance of the concept of green and sustainable development, Textile Binder industry is paying more and more attention to the safety and environmental protection of products. At the same time, new and higher requirements are put forward to Textile Binder, which makes Textile Binder have more product types. At present, in addition to the commonly used acrylic, polyvinyl acetate and VAE emulsions, the research and development of polyurethane emulsions has also made progress, and is considered to be one of the most promising type. According to market needs, the development of high-quality, high-performance adhesives drives the R&D and production of modified acrylate adhesives, polyurethane adhesives, epoxy adhesives and silicones.
With the improvement of global environmental protection regulations and the improvement of people’s own health awareness, People are pursuing safe and harmless products. Environmentally friendly Textile Binder with good quality, no pollution and in line with international standards is gradually becoming a trend of Textile Binder among users.

Competition Landscape:

This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Textile Binder companies that include NANPAO RESINS CHEMICAL GROUP, Covestro AG, Archroma, Scott Bader Company, Jesons, Synthomer, Betapol, Organic Dyes and Pigments, ADPL Group, Vijet Products, Indofil Industries, National Adhesives and Polymers, Gunjan Paints.

Segmentation of Textile Binder Market:

Based on type, textile binder can be subdivided into acrylic copolymer, polyvinyl acetate, vinyl-acrylate/acrylic, styrene-acrylate, polyurethane, others. Currently Acrylic Copolymer is becoming a common type of Textile Binder. It has excellent properties such as high gloss, water resistance, weather resistance, alkali resistance, good adhesion, good processability, good dispersibility, and low odor. It does not contain alkylphenol ethoxylates (APEO). The popularity of textile binders with functional effects has increased the demand for printing and finishing agents as they provide excellent functional enhancements to textile materials. Hence, the acrylic copolymer segment is expected to remain highly attractive over the forecast period. Followed by Polyurethane, Vinyl-Acrylate/Acrylic, Styrene-Acrylate, Polyvinyl Acetate and Others. Polyurethane type binder is the most expensive type, which is influenced by production process and the cost of raw material.
From the perspective of application areas, the market is mainly divided into flocking, fabric coating & printing, lamination and others. Fabric Coating & Printing application dominated the market and will continue to dominate during the forecast period. Coated Fabrics are widely used for sportswear, down jacket, waterproof parker, coat, tent, shoes and socks, curtains, bags and cloths with advanced waterproof permeability function. Around 50% of casual wear is made of coated fabrics in the fashion market. Furthermore, in order to mostly fulfil consumers’ reference for style, design of clothing, fabric coatings and printing is commonly used. Following Fabric Coating and Printing, Lamination and Flocking come to the second place.

Textile Binder Market: Regional Analysis

In terms of geography, the global Textile Binder market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia Pacific region dominates the market, with the largest revenue share of more than half in 2020, followed by Europe, America and so on. Due less initial investment funds of textile industry and larger cheap labor force, Asia has produced a large volume of clothing for the world. As one of important raw material to produce clothing, textile binder market in Asia is also very large. It is expected that in the forecast years, Asia Pacific region will still dominate the whole market.

 

Cagr: 4.88%
Largest share area:Asia Pacific
Largest share country:China
Product Type:Acrylic Copolymer, Polyvinyl Acetate, Vinyl-Acrylate/Acrylic, Styrene-Acrylate, Polyurethane, Others
Application:Flocking, Fabric Coating & Printing, Lamination, Others
Leading Company:NANPAO RESINS CHEMICAL GROUP, Covestro AG, Archroma, Scott Bader Company, Jesons