Market Research Report
Opportunities and Competitive Analysis of the Organic Binder Market
|Opportunities and Competitive Analysis of the Organic Binder Market|
Published: October 1, 2021
Content info: 163 Pages
Delivery time: 1-2 business days
The future of the organic binder market looks promising with opportunities in construction, and paint & coating applications. The global organic binder market declined in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $18.3 billion by 2026 with a CAGR of 4.1% from 2021 to 2026. The major drivers for this market are increasing demand for UV protection or heat and weather resistance, and a smooth ride surface in the road construction industry, accounts for a rise in the use of organic binder.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of thin-bed technology for the construction industry.
A total of 97 figures / charts and 70 tables are provided in this 163-page report to help in your business decisions.
By Application [$M shipment analysis from 2015 to 2026]:
By Product [$M shipment analysis from 2015 to 2026]:
By Form [$M shipment analysis from 2015 to 2026]:
By Region [$M shipment analysis from 2015 to 2026]:
In this market, acrylic, EVA(ethylene-vinyl acetate), alkyd, and epoxy are the major product form used for manufacturing organic binder. Lucintel forecasts that acrylic based organic binder will remain the largest segment by value and it is expected to witness the highest growth over the forecasted period due to increasing demand in water based paint and coating market.
Within the global organic binder market, construction will remain the largest end use industry by value due to an increase in road construction and infrastructure development, making organic binder more active in this industry. Paint and coating is expected to witness the highest growth over the forecast period.
Europe will remain the largest region by value due to the growth in construction and paint and coating industries. APAC is expected to witness the highest growth over the forecast period.
Some of the global organic binder manufacturers profiled in this report include. BASF, DowDupont, Wacker, Harmony Additive, OILEX, and Endura.