Parameters have zero bearing on whether you should dynamically construct SQL strings. If parameters can solve all of your problems, you don't have a dynamic SQL query, you have user-submitted values in a WHERE clause.
What can be parameterized depends wildly on the SQL database in question. I haven't used one that could parameterize table names (for use in dynamic JOINs or CTEs) and many cannot parameterize values outside of a WHERE clause. Dynamically selecting which function to call, clauses to add or subtract, and sort orders are just a slice of places parameters don't help.
In short, parameters alone do no eliminate the need for a query builder. A good query builder should appropriately parameterize values as the underlying database supports and hopefully uses a type system or validation to constrict the domain of values it uses to construct parts of the expression that cannot be parameterized.
Parameters.
A couple of examples:
https://www.psycopg.org/docs/usage.html#passing-parameters-t...
https://www.php.net/manual/en/mysqli.quickstart.prepared-sta...