Global Organic Binder Market Expected To Expand At A CAGR Of Around 4.8% During 2020–2026

As per the researchers at Zion Market Research, the valuation of the global organic binder market is projected to attain about $21.06 billion by 2026, expanding at a CAGR of around 4.8% during the forecast period. The global organic binders market with the existence of large-sized international players is consolidated. Nevertheless, the existence of medium- and small-sized domestic players has made the market extremely cutthroat. The prominent players in the global organic binders market consist of BASF, Wacker Chemie AG, ENDURA IPNR, OILEX GmbH, and Keramicalia.

Rise In Infrastructure Activities To Drive The Growth Of The Global Market

The global organic binders market is anticipated to grow at a considerable rate on account of growing in urbanization and intensifying infrastructure activities. Characteristics of organic binders like cost-effectiveness, environment friendliness, and low consumption of energy are projected to drive the demand of organic binders in a number of applications. Further, the flourishing end-use industries like electrical & electronics, automotive, and construction is also expected to propel the growth of the global organic binders market in the near future. Additionally, constructive properties presented by the organic binders make them an ideal option for use in several applications like adhesives and paints & coatings. The global organic binders market is projected to witness considerable spending in new innovations and product development in the years to come, as makers are concentrating on developing tailored formulations.

Paints & Coatings Segment, Based On End-Use, To Capture Maximum Market Share

Based on the end-use segment, the paints & coatings segment is anticipated to capture the maximum share of the global market on account of the increase in requirement for decorative paints. Further, the remarkable pace of growth of the paints & coatings sector can be attributed to the flourishing construction sector around the world. Development in the architecture sector is also projected to drive the demand for organic binders market in the coming period. Moreover, rising applications of paints & coatings are expected to drive the need for organic binders in the automotive and construction industries during the forecast period.

Asia Pacific Projected To Maintain Its Dominance Over Global Market During The Forecast Period

The global organic binders market is projected to be governed by the Asia Pacific, in terms of consumption during the forecast period. In the coming few years, India, China, and ASEAN are anticipated to surface as the key markets in this region. The growth of the Asia Pacific organic binders market can be attributed to the expansion of end-use industries like automotive and construction in nations like Japan, Australia, and China. Asia Pacific is expected to be followed by North America on account of the existence of entrenched adhesives and paints & coatings industries in this region. Additionally, in Europe, new renovation and construction activities are also projected to drive the organic binder demand during the forecast period.

Browse the full “Global Organic Binder Market - By Form (Dispersion, Dispersible Powder, And Solid Resin), By End-Use (Paint & Coating, Construction, And Others), By Product (EVA, Acrylic, Epoxy, Alkyd, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/organic-binders-market

The global organic binder market is segmented as follows:

By End-Use

• Construction
• Paint and Coating
• Others

By Resin Type

• Acrylic
• EVA
• Alkyd
• Epoxy
• Others

By Form

• Dispersible Powder
• Dispersion
• Solid Resin

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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