The global organic binder market is projected to reach $24.1 billion by 2028, at a CAGR of 2.7% during 2022-2028. The growth of organic binder market is driven by 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. Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the organic binder market by application (construction, paint and coating, and others), product (acrylic, EVA, alkyd, epoxy, and others), form (dispersible powder, dispersion and solid resin), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the organic binder market?
Q.4 What are some changing demands of customers in the organic binder market?
Q.5 What are the new developments in the organic binder market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this organic binder area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this organic binder market?
Emerging trends, which have a direct impact on the dynamics of the industry, include development of thin-bed technology for the construction industry.
Market Segmentation: Based on application, the organic binder market is segmented into construction, paint and coating, and others. The construction segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to increase in road construction and infrastructure development, making organic binder more active in this industry. Europe will remain the largest region by value due to the growth in construction and paint and coating industries.
Key Players in the organic binder market are BASF, DuPont, Wacker Chemie, Harmony Additive, OILEX, Endura IPNR, Keramicalia, Empower Materials.
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