Future Market Insights
Growing population and economies are the two factors responsible for the growth of the construction industry globally. The construction industry is gaining traction. However, the still prevalent traditional methods are an impediment to the growth of the construction industry. To reduce the difficulties being faced by modern construction technologies, a new polymeric chemistry named organic binders has come into play. Organic binders are materials that mechanically and chemically hold another material to itself. Organic binders are basically polymers and derivatives of the cellulose family. Traditionally, almost all of the binders are naturally occurring materials obtained from plants and animal. Organic binders do not only save cost and time, they also reduce energy emission and thus, in turn, carbon footprint. Organic binders are known to offer unique properties like minimum change in slip viscosity, the ability of being mixed easily, etc. Their ductile components allow free movement. In the last couple of years, organic binders have become a key element of the construction industry. The fact that they do not only save cost but also energy and manyother factors have played out in their favour. It is expected that the organic binders market will show significant growth in coming future and is expected to grow with a significant CAGR over the forecast period. Increasing applications in end use industries as well as new technologies and inventions in the organic binders marketwill affect the market in a positive way.
Organic Binders Market: Dynamics
The global organic binder market is expected to witness double digit growth between 2016 and 2026. Growing urbanization and increasing infrastructure activities all over the world are expected to fuel the growth of the organic binder market in near future. The environment friendly nature, cost effectiveness and low energy consumption are some of the factors expected to work in the favour of organic binders over the forecast period. Regulations pertaining the use of organic binders in different regions of the world, requirement for construction technicalities and only locally available raw materials across the globe are some of the major factors estimated to restrict the growth of the organic binders market. Manufacturers are leaning towards introducing new products and high quality end use products. On the basis of geographical regions, Asia Pacific is estimated to gain maximum share in terms of value and volume, along with healthy CAGR growth over the forecast period.
Graphite Organic Binders: Segmentation
On the basis of form, the organic binders market can be segmented as follows:
On the basis of product type, the organic binders market can be segmented as follows:
On the basis of application, the organic binder market can be segmented as follows:
Graphite Organic Binders Market: Regional Outlook
Globally, the market for organic binders is expected to grow at a healthy CAGR during the forecast period. People in North America and Europe maintain high standards of living with luxurious lifestyles and have high disposable incomes and thus, can easily afford high quality products manufactured with the use of organic binders. Economies in the Asia pacific region, especially India and China, will play a significant role in the growth of the organic binders market over the forecast period. Globally, the Indian organic binder market is expected to witness double digit growth during the forecast period.
Owing to the increasing adoption of sustainable technology in production globally, the organic binder market is projected to grow at a significantly high CAGR over the forecast period. Furthermore, new technologies and inventions in organic binders will foster growth in the global market.
Graphite Filled Polymer Composites Market: Market Participants
Examples of some of the prominent market participants in the organic binders market are as follows:
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