Press Release / Business / Organic Binders Market Estimated to Paint a Colourful Growth by 2027

Organic Binders Market Estimated to Paint a Colourful Growth by 2027

Binder or binding agents are any material that physical holds different materials together. The binders can either be a solid or a liquid substance hardened by a chemical process and used in binding fibers, as a filler powder and other particles added into it. In market, there can be a can be the natural or synthetic binders based upon their origin. Some of the synthetic binders are cement, gypsum, lime, and those manufactured by mixing various synthetic polymers, resins, and oils. On the other hand, the organic or organic-based includes bitumen, animal and plant glues or latex, organic polymers, and PVA, among others. The significant physical properties conferred by the organic binders to the substrate includes an excellent binding ability, high strength and durability, and relative inertness towards various chemicals. In the market, organic binders mainly occur in the powder, granular, or dispersed liquid form. The major consumers of the product are paint and coatings, construction, electronics, and automotive industry.
Based on form the global organic binders market has been segmented into powder, granulates, dispersions, and solid resin. Powder segment held the largest market share in 2017 on account of its easy process ability relative to other forms. Yet, the dispersion form is gaining popularity and is likely to register the highest CAGR during the forecast period (2018–2023) owing to the ease with which the binder can be applied onto the substrate.
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By product, the market is categorized into acrylic, latex, polyvinyl chloride (PVC), poly vinyl acetate (PVA), and others. Among them, acrylic accounted to the largest share of the market in 2017. This mainly due to vast use of these type of organic binders in paints and coatings industry for longevity of the paint. The product is primarily used in manufacturing the various castings and paints. Additionally, it also finds application in the automotive components for effective bonding of the parts. This is expected to fuel demand for the product during the forecast period.
On the basis of application, the global organic binders market has been categorized into paints & coatings, construction, electronics, automotive, and others. The paints and coatings industry held the major market share in 2017, which mainly attributed to the surging demand in the emerging economies. The automotive and construction industries are also significant consumers of the organic binders. Competitive Analysis: The leading players in the global Organic Binders Market are BASF SE (Germany), Wacker Chemie AG (Germany), Oilex International GmbH (Germany), ENDURA IPNR (India), Keramicalia (South Africa), Empower Materials (US), KYOEISHA CHEMICAL Co.,LTD (Japan), Stover Seed company (US), and Others.
Market Segmentation: The global organic binders market has been segmented on the basis of form, product, application, and region.
Based on form, the global organic binders market has been segregated into powder, granulates, dispersions, and solid resin.
By product, the market has been categorized into acrylic, latex, polyvinyl chloride (PVC), poly vinyl acetate (PVA), and others.
On the basis of application, the market has been divided into paints & coatings, construction, electronics, automotive, and others.
The global organic binders market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Regional Analysis: The global organic binders market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific is anticipated to grow at a high CAGR owing to the rising product demand in the construction, automotive, and electronics industries. North America is expected to witness significant growth during the forest period. This is mainly due to the growing demand for the product in various the reconstruction activities in this region.
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