Organic Binders Market: Organic Binders Exhibit Adhesion and Cohesion
- Organic binder is an organic ingredient used to bind together two or more materials in mixtures. Adhesion and cohesion are the primary characteristics of organic binders.
- Organic binders are polymers or derivatives of the cellulose family that hold other materials chemically and mechanically in the mixture. These binders help to save costs and protect the environment by reducing the carbon footprints.
- Organic binders are largely used in construction activities owing to their physical and chemical attributes such as environment friendliness and easy mixing. As a result, growth in constructional activities across the globe significantly influences the organic binders market.
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Key Drivers of Global Organic Binders Market
- The global organic binders market is expected to expand at a significant pace owing to the increase in infrastructure activities and rise in urbanization. Features of organic binders such as environment friendliness, cost effectiveness, and low energy consumption are expected to boost its demand in various applications.
- Growth in end-use industries such as construction, electrical & electronics, and automotive is anticipated to act as a major factor driving the demand for organic binders in the next few years. Favorable properties offered by organic binders make them a preferred choice for usage in a variety of applications such as paints & coatings and adhesives.
- The global organic binders market is estimated to experience significant investments in new product development and innovations in the near future, as manufacturers are focusing on developing customized formulations
Building & Construction Segment to Dominate Global Organic Binders Market
- Significant expansion in the paints & coatings industry owing to the rise in demand for decorative paints is projected to propel the demand for organic binders in the near future. High growth rate of the paints & coatings sector is primarily ascribed to the expansion in the construction sector across the globe.
- Growth in the architecture sector is likely to positively impact the organic binders market. Emergence of various applications of paints and coatings is anticipated to propel the demand for organic binders in construction and automotive industries over the next few years.
Limited Availability of Raw Materials to Hamper Market
Limited availability and volatility in prices of raw materials are expected to hamper the market during the forecast period.
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Asia Pacific to Hold Significant Share of Global Organic Binders Market
- In terms of region, the global organic binders market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- In terms of consumption, Asia Pacific is projected to dominate the global organic binders market during the forecast period. China, ASEAN, and India are expected to emerge as major markets in the region in the next few years. The organic binders market in Asia Pacific is expected to expand at a significant pace from 2019 to 2027, owing to growth in end-use industries such as construction and automotive in countries such as China, Japan, and Australia.
- North America is estimated to follow Asia Pacific in the next few years, owing to the presence of well-established paints & coatings and adhesives industries in the region.
- Furthermore, new construction and renovation activities in the region are expected to fuel the demand for organic binders in Europe during the forecast period. Presence of well-established automotive sector in countries in Europe is anticipated to boost the demand for organic binders in the region from 2019 to 2027.
- In terms of consumption, the construction industry is likely to account for large share of the market in Middle East & Africa during the forecast period. The region is expected to witness significant increase in demand for organic binders during the forecast period. In terms of demand, the organic binders market in Latin America is projected to expand significantly during the forecast period.
Key Players in Organic Binders Market
The global organic binders market is consolidated, with the presence of large-sized international players. However, presence of a small- and medium-sized domestic players makes the market highly competitive. Key players operating in the global organic binders market are:
- Wacker Chemie AG
- OILEX GmbH
- ENDURA IPNR
Global Organic Binders Market: Research Scope
Global Organic Binders Market, by Polymer Type
- Polyvinyl Acetate
- Polyvinyl Chloride
Global Organic Binders Market, by End-use Industry
- Electrical & Electronics
Global Organic Binders Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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