Organic binders Market OverviewBinder, also called binding agent is any material that hold various materials together in order to provide a strong cohesion or adhesion and strength to the whole structure. Generally, the binders are a solid or liquid substance which is hardened by a chemical process and used in binding fibers, as a filler powder and other particles added into it. Some of the common examples of the binders are adhesive, glue, and thickeners. Binders can be natural or synthetic 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 important physical properties exhibited and conferred by organic binders to the substrate are 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.
The primary factors favoring growth of the global organic binders market is the increasing demand for the product in the rapidly growing end-use industries such as construction, electrical and electronics, and automotive among others. The paints and coatings industry is the largest consumer of organic pigments. The global paints and coatings industry is highly mature and stable economy which is greatly integrated with the GDP and per capita income of the region or a country. Rapid growth of the emerging economies in the Asia-Pacific, Middle East and Africa, and Latin America is likely to favor growth of this market. Increasing disposable and per capita income of the people in these regions has incentivized them to spend significantly on the value addition to their residences. This is likely to fuel demand for the product in during the assessment period. The current dynamics in the automotive sector such as e-vehicles, fuel efficiency, automotive light weighting, and emission regulations are expected to boost demand for the organic binders to bind the light automotive components. This is expected to favor the market growth during the forecast period. However, the building and construction codes in developed regions, limited availability of required raw materials in some regions, and environmental regulations my hamper the market growth in coming years.
Regional AnalysisAsia-Pacific, North America, Europe, Latin America, and the Middle East & Africa are the five regions studied for the global organic binders market. Asia-Pacific is estimated to be the largest and fastest growing region in the global organic binders market during the forecast period. The rapid industrialization, urbanization and technological advancements in the industrial sector are the key factor favoring growth of this regional market. Additionally, increasing construction activities in the developing economies in this region are likely boost demand for the product in coming years. Moreover, rapid growth of the electrical and automotive industry is expected to be the key factors driving the regional market growth in the coming years.
North America and Europe are the other substantial markets for organic binders. The increasing demand for organic binders in the well-established automotive and electronics industries and reconstruction activities in these regions is expected to drive the regional market growth during the review period. Lastly, the market in the Middle East and Africa and Latin America are projected to witness a healthy growth during the forecast period on account of revival industries after the political and economic downfall in 2014 and 2015 and high investment potential.
Market SegmentationThe 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.
Key PlayersSome of the key 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.Industry/ Innovation/ Related News:August 29, 2019 -DIC Corporation, entered into a definitive agreement with BASF’s to acquire its global pigments business (BASF Colors & Effects). The acquisition is expected to enhance DIC’s portfolio of organic binders and pigments, used for cosmetics, coatings, and specialty applications.
|Market Size||2030 : Significant Value|
|CAGR||2030 : Substantial Value|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trend|
|Segments Covered||The basis of form, product, application, and region.|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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.|
|Key Market Opportunities||The fluctuations in the crude oil prices along with the increasing inclination towards green energy.|
|Key Market Drivers||
The global organic binders market would get dampened by factors like lack of resources, construction standards, and environmental regulations.
The Asia Pacific market would fetch the maximum market revenue for the global organic binders market.
Major participants like Wacker Chemie AG (Germany), BASF SE (Germany), ENDURA IPNR (India), Oilex International GmbH (Germany), Empower Materials (US), Stover Seed company (US), KYOEISHA CHEMICAL Co. LTD (Japan), Keramicalia (South Africa), and Others would ensure strong growth for the organic binders market.
Players taking care of the organic binders market would have strategies like effective agreement, better expansion plans, investments, product launches, joint ventures, mergers & acquisitions, and R&D.
Growing speed of urbanization, booming automotive sector, increasing electronics sector, various reconstruction activities, better investment schemes, and technological advancements are expected to ensure a better surge in the global organic binders market.