Textile Binder Market [2021-2031] - Size, Share, and Analysis
The Textile Binder Market is expected to register a CAGR of 4% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report presents analysis based on material (acrylic copolymers, styrene acrylic copolymers, poly vinyl acetate polymers, vinyl acrylic copolymers, and others). The report is segmented by application (pigment printing, coating and backcoating, flocking, and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Textile Binder Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Textile Binder Market Segmentation
Material- Acrylic Copolymers
- Styrene Acrylic Copolymers
- Poly Vinyl Acetate Polymers
- Vinyl Acrylic Copolymers
- Pigment Printing
- Coating and Backcoating
- Flocking
Strategic Insights
Textile Binder Market Growth Drivers- Increasing Demand for Functional Fabrics : Growth in demand for functional fabrics is a prime cause of market growth in textile binders. The differential properties such as moisture-wicking, anti-microbial, and UV protection are all responsible for requiring special binders to maintain these properties within the final product. The growth in consumer interest in high-performance textiles is thus directly reflected in the demand for binders for these functionalities.
- Rise of Activewear and Sportswear: Additionally, the growing demand for activewear and sportswear also increases functional fabric demand. Binders are essential in the production of such clothing as they maintain the form, texture, and function-enabling properties. This performance apparel trend propels the textile binder market as the producers look forward to having more efficient binders for these applications.
- Smart Textiles and Technological Advancements: The growing interest in smart textiles, with technology like sensors and conductive materials integrated into these fabrics, has driven demand upward. These advanced fabrics are in significant demand for binders that can support and not interfere with new high-tech manufacturing methods for embedded electronics. Continued innovation in such smart textiles is driving this market to new heights.
- Rising Demand for Sustainable Textile Binders: Increased demand for sustainable textile production is also a strong propeller in the textile binders market. Increased attention has garnered from manufacturers as end users are becoming ultra-green in most textile products around the world. That's because using biodegradable or renewable-based sustainable binders reduces environmental burden during fabric production and, at the same time, keeps pace with consumers' demand for greener textiles.
- Increased Interest in Waterless and Low-Impact Textile Production: Textile manufacturers increasingly show interest in sustainable processes such as waterless dyes through fewer chemicals. In other words, it is a fact that the requirement for binders is going to increase since these are integrated into complementary processing. Sustainable binders are likely to be in more demand because they are better suited to low-impact production processes. Thus, such binders would especially be chosen by customers as they meet preferred compliance with standards and objectives such as environment.
- Circular Economy Trends: The shift from the previous disposition to the use of sustainable binders for textiles is the rise in circular economy models. Those would be types of binders that will facilitate recycling recovery and reuse of fabrics in the emerging closed-loop system. Given that sustainability is and will be ever on the rise among brands and consumers, so will it, with textile binders speaking the language of circularity.
- Automation Driving Growth: Advancements in the automation of textile manufacturing have opened opportunities for growth in the textile binder market. As automation technology improves and optimizes textile manufacturing processes, it generates a need for efficient binders that can function in high-speed and high-volume production lines. Added performance and systemic compatibility thereby drive potential demand in the textile binder market.
- Improved Accuracy and Efficiency in Textile Production: Automation increases uniformity in binder application, for example, in the textile production process, which improves the accuracy in the production of textiles. This remains a parameter that helps in the control of the final fabric properties, including durability, texture, and colorfastness. The high-performance binders that support these improvements in efficiency and quality in the manufacturing processes have greater demands, hence boosting the market.
- Economic Pressures Fueling Development of High-Performance Binders: New binder developments from the economic pressures of automated textile manufacturing processes. Greater use of easy applications with maintained performance and efficacy in such environments gives rise to a need. High demand from making the binders be developed to complete the tasks of simply integrating into automated production lines without loss of functionality further expands the opportunity.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Textile Binder Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Textile Binder Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Sustainable textile manufacturing is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the textile binder market, as the countries like China, India, and Bangladesh are major global textile hubs, driving significant demand for textile binders in processes such as dyeing, printing, and finishing. The region’s strong manufacturing infrastructure and low labor costs make it an attractive center for textile production.
Based on material, the acrylic copolymers segment is expected to witness the fastest growth during the forecast period
The growing demand for functional fabrics is driving the market growth.
Dow; Wacker Chemie AG; Arkema; Pioneer Chemicals; NANPAO RESINS CHEMICAL GROUP; CHT Group; Trinseo; Covestro AG; Scott Bader Company Ltd.; and Kemiteks are some of textile binder market
The Textile Binder Market is estimated to witness a CAGR of 4% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Textile Binder Market - By Material
1.3.2 Textile Binder Market - By Application
1.3.3 Textile Binder Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TEXTILE BINDER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. TEXTILE BINDER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. TEXTILE BINDER MARKET - GLOBAL MARKET ANALYSIS
6.1. TEXTILE BINDER - GLOBAL MARKET OVERVIEW
6.2. TEXTILE BINDER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TEXTILE BINDER MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. ACRYLIC COPOLYMER
7.3.1. Overview
7.3.2. Acrylic Copolymer Market Forecast and Analysis
7.4. STYRENE ACRYLATE COPOLYMER
7.4.1. Overview
7.4.2. Styrene Acrylate Copolymer Market Forecast and Analysis
7.5. VINYL ACRYLATE COPOLYMER
7.5.1. Overview
7.5.2. Vinyl Acrylate Copolymer Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. TEXTILE BINDER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FLOCKING
8.3.1. Overview
8.3.2. Flocking Market Forecast and Analysis
8.4. FABRIC COATING AND PRINTING
8.4.1. Overview
8.4.2. Fabric Coating and Printing Market Forecast and Analysis
8.5. LAMINATION
8.5.1. Overview
8.5.2. Lamination Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. TEXTILE BINDER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Textile Binder Market Overview
9.1.2 North America Textile Binder Market Forecasts and Analysis
9.1.3 North America Textile Binder Market Forecasts and Analysis - By Material
9.1.4 North America Textile Binder Market Forecasts and Analysis - By Application
9.1.5 North America Textile Binder Market Forecasts and Analysis - By Countries
9.1.5.1 United States Textile Binder Market
9.1.5.1.1 United States Textile Binder Market by Material
9.1.5.1.2 United States Textile Binder Market by Application
9.1.5.2 Canada Textile Binder Market
9.1.5.2.1 Canada Textile Binder Market by Material
9.1.5.2.2 Canada Textile Binder Market by Application
9.1.5.3 Mexico Textile Binder Market
9.1.5.3.1 Mexico Textile Binder Market by Material
9.1.5.3.2 Mexico Textile Binder Market by Application
9.2. EUROPE
9.2.1 Europe Textile Binder Market Overview
9.2.2 Europe Textile Binder Market Forecasts and Analysis
9.2.3 Europe Textile Binder Market Forecasts and Analysis - By Material
9.2.4 Europe Textile Binder Market Forecasts and Analysis - By Application
9.2.5 Europe Textile Binder Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Textile Binder Market
9.2.5.1.1 Germany Textile Binder Market by Material
9.2.5.1.2 Germany Textile Binder Market by Application
9.2.5.2 France Textile Binder Market
9.2.5.2.1 France Textile Binder Market by Material
9.2.5.2.2 France Textile Binder Market by Application
9.2.5.3 Italy Textile Binder Market
9.2.5.3.1 Italy Textile Binder Market by Material
9.2.5.3.2 Italy Textile Binder Market by Application
9.2.5.4 United Kingdom Textile Binder Market
9.2.5.4.1 United Kingdom Textile Binder Market by Material
9.2.5.4.2 United Kingdom Textile Binder Market by Application
9.2.5.5 Russia Textile Binder Market
9.2.5.5.1 Russia Textile Binder Market by Material
9.2.5.5.2 Russia Textile Binder Market by Application
9.2.5.6 Rest of Europe Textile Binder Market
9.2.5.6.1 Rest of Europe Textile Binder Market by Material
9.2.5.6.2 Rest of Europe Textile Binder Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Textile Binder Market Overview
9.3.2 Asia-Pacific Textile Binder Market Forecasts and Analysis
9.3.3 Asia-Pacific Textile Binder Market Forecasts and Analysis - By Material
9.3.4 Asia-Pacific Textile Binder Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Textile Binder Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Textile Binder Market
9.3.5.1.1 Australia Textile Binder Market by Material
9.3.5.1.2 Australia Textile Binder Market by Application
9.3.5.2 China Textile Binder Market
9.3.5.2.1 China Textile Binder Market by Material
9.3.5.2.2 China Textile Binder Market by Application
9.3.5.3 Japan Textile Binder Market
9.3.5.3.1 Japan Textile Binder Market by Material
9.3.5.3.2 Japan Textile Binder Market by Application
9.3.5.4 South Korea Textile Binder Market
9.3.5.4.1 South Korea Textile Binder Market by Material
9.3.5.4.2 South Korea Textile Binder Market by Application
9.3.5.5 Rest of Asia-Pacific Textile Binder Market
9.3.5.5.1 Rest of Asia-Pacific Textile Binder Market by Material
9.3.5.5.2 Rest of Asia-Pacific Textile Binder Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Textile Binder Market Overview
9.4.2 Middle East and Africa Textile Binder Market Forecasts and Analysis
9.4.3 Middle East and Africa Textile Binder Market Forecasts and Analysis - By Material
9.4.4 Middle East and Africa Textile Binder Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Textile Binder Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Textile Binder Market
9.4.5.1.1 South Africa Textile Binder Market by Material
9.4.5.1.2 South Africa Textile Binder Market by Application
9.4.5.2 Saudi Arabia Textile Binder Market
9.4.5.2.1 Saudi Arabia Textile Binder Market by Material
9.4.5.2.2 Saudi Arabia Textile Binder Market by Application
9.4.5.3 U.A.E Textile Binder Market
9.4.5.3.1 U.A.E Textile Binder Market by Material
9.4.5.3.2 U.A.E Textile Binder Market by Application
9.4.5.4 Rest of Middle East and Africa Textile Binder Market
9.4.5.4.1 Rest of Middle East and Africa Textile Binder Market by Material
9.4.5.4.2 Rest of Middle East and Africa Textile Binder Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Textile Binder Market Overview
9.5.2 South and Central America Textile Binder Market Forecasts and Analysis
9.5.3 South and Central America Textile Binder Market Forecasts and Analysis - By Material
9.5.4 South and Central America Textile Binder Market Forecasts and Analysis - By Application
9.5.5 South and Central America Textile Binder Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Textile Binder Market
9.5.5.1.1 Brazil Textile Binder Market by Material
9.5.5.1.2 Brazil Textile Binder Market by Application
9.5.5.2 Argentina Textile Binder Market
9.5.5.2.1 Argentina Textile Binder Market by Material
9.5.5.2.2 Argentina Textile Binder Market by Application
9.5.5.3 Rest of South and Central America Textile Binder Market
9.5.5.3.1 Rest of South and Central America Textile Binder Market by Material
9.5.5.3.2 Rest of South and Central America Textile Binder Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TEXTILE BINDER MARKET, KEY COMPANY PROFILES
11.1. 3J CHEMICALS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ARCHROMA
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ARKEMA S.A.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CAMEX LIMITED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DOW
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. FCL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HEMANJALI POLYMERS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OMNOVA SOLUTIONS INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PIONEER CHEMICAL, INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SCOTT BADER COMPANY LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. 3J Chemicals
2. Archroma
3. Arkema S.A.
4. Camex limited
5. Dow
6. FCL
7. Hemanjali Polymers
8. OMNOVA Solutions Inc.
9. Pioneer Chemical, Inc
10. Scott Bader Company Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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