Lucintel Forecasts Organic Binder Market to Reach $24.1 Billion by 2028

According to the recent study the Organic Binder Market is projected to reach an estimated $24.1 billion by 2028 from $20.5 billion in 2022, at a CAGR of 2.7% from 2022 to 2028. 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 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).
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“Construction market is expected to remain the largest segment during the forecast period.”
Based on application, the organic binder market is segmented into construction, paint and coating, and others. Lucintel forecasts that the construction market is expected to remain the largest segment due to increase in road construction and infrastructure development, making organic binder more active in this industry.
“Within the organic binder market, the acrylic segment is expected to remain the largest product”
Based on product the acrylic segment is expected to witness the highest growth over the forecast period due to increasing demand in water based paint and coating market.
“Europe will dominate the organic binder market in near future”
Europe will remain the largest region by value due to the growth in construction and paint and coating industries.
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Major players of organic binder market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnersh