Organic Binder Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2027: Harmony Additive Pvt. Ltd. and Technofink are key players.

Organic Binder Market is expected to grow at a CAGR of 4.26% to reach a market size worth US$9,637.225 million by 2027.

The prime factors propelling the growth of the organic binder market will grow due to increasing opportunities in construction, paint & coating applications, demand for UV protection, and heat and weather resistance.

As per the report, the Organic Binder Market is expected to grow at a steady pace over the forecast period.

Organic binders are derived from polymers or members of the cellulose family. They now play a far more prominent role in the construction sector, with industry participants adopting them to enhance the ecological sustainability of structures. Due in large part to the usage of conventional building materials, building development has significantly negatively influenced natural ecosystems during the past few decades. In addition, these materials have been discovered to increase carbon emissions, lowering the industry's overall environmental sustainability score. Demands are also being strengthened by the industry's rising focus on reducing pollutant output.

The main factors driving this market are the need for smooth riding surfaces in the road construction sector and an increase in the need for UV protection or heat and weather resistance. Therefore, the development of thin-bed technology for the construction sector is one of the emerging developments that directly affect the dynamics of the industry.

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The global organic binder market has been categorized based on binder type, application, and geography.

Based on the binder type, the classification has been done into resins, wax, gums, and shellac.
By application, the market has been classified into Paints & Coatings, Construction, Food & Agriculture, Pharmaceutical, Printing & Packaging, and Others. The organic binders demand will probably benefit from growth in the construction industry. During the next several years, it is projected that the emergence of numerous paint and coating applications will fuel demand for organic binders in the construction sector.

By region, throughout the projection period, Asia-Pacific is anticipated to lead all other regions in terms of market size and rate of growth for organic binders. The primary element promoting the development of this regional market is the rising urbanization, industrialization, and technical improvements in the industrial sector. In addition, the region's developing nations' expanding building activity will also increase demand for the goods in the upcoming years. Also, it is anticipated that the explosive growth of the electrical and automotive industries will be the main drivers of the regional market's expansion in the coming years.

The major players covered in the Organic Binder Market study are BASF SE, DuPont de Nemours, Inc., Harmony Additive Pvt. Ltd., Technofink, ENDURA IPNR, keramicalia, Empower Materials Inc., Ashland, and Vesuvius.

This Organic Binder Market has been analyzed into the following segments:

• By Binder Type

o Resins
o Wax
o Gums
o Shellac

• By Application

o Paints & Coatings
o Construction
o Food & Agriculture
o Pharmaceutical
o Printing & Packaging
o Others

• By Geography

o North America

• USA
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• UK
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.

This release was published on openPR.