Lucintel Forecasts the Global Organic Binder Market to Reach $23 Billion by 2030
Lucintel Forecasts the Global Organic Binder Market to Reach $23 Billion by 2030
Blog Article
According to the recent study the global Organic Binder Market is projected to reach an estimated $23 billion by 2030 from $19 billion in 2023 at a CAGR of 3% from 2023 to 2030. Growth in this market is primarily 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.
Browse 107 figures/charts and 68 tables in this 205-page report to understand trends, opportunities and forecast in global 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).
Lucintel forecasts that 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. It is also expected to witness 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 highest growth over the forecast period.
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.
BASF, DuPont, Wacker Chemie, Harmony Additive, OILEX, Endura IPNR, Keramicalia, Empower Materials are the major supplier in the organic binder market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056