Coating Binders Market Trends and Forecast
The future of the global coating binders market looks promising with opportunities in the automotive coating, architectural coating, marine coating, and aerospace coating markets. The global coating binders market is expected to reach an estimated $12.7 billion by 2030 with a CAGR of 8.7% from 2024 to 2030. The major drivers for this market are growing construction and infrastructure development, rising focus towards eco-friendly and sustainable products, and technological advancements in coating formulations.
• Lucintel forecasts that natural coating binder is expected to witness higher growth over the forecast period.
• Within this market, automotive coating is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Coating Binders Market
• United States: Several major coating binder manufacturers, including Dow Chemicals and BASF, have announced new sustainable product lines aimed at reducing carbon footprint, aligned with government targets for environmental sustainability.
• China: Government initiatives promoting eco-friendly coatings have spurred companies like Wacker Chemie and Arkema to expand production capacities for low-VOC binders to meet rising domestic demand.
• Germany: BASF has launched a new bio-based coating binder in collaboration with local research institutions, supported by government funding to enhance competitiveness in sustainable coatings.
• India: Asian Paints has announced plans to invest in advanced manufacturing facilities for water-based binders, reflecting the governmentÄX%$%Xs emphasis on reducing hazardous air pollutants from coating processes.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Coating Binders Market by Segment
The study includes a forecast for the global coating binders market by type, application, and region.
Coating Binders Market by Type [Value from 2018 to 2030]:
• Natural Coating Binders
• Synthetic Coating Binders
Coating Binders Market by Application [Value from 2018 to 2030]:
• Automotive Coating
• Architectural Coating
• Marine Coating
• Aerospace Coating
• Others
Coating Binders Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Coating Binders Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies coating binders companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the coating binders companies profiled in this report include-
• Dowdupont
• Arkema
• Solvay
• DSM
• Lubrizol
• Synthomer
• Huntsman
Recent Development in the Coating Binders Market
• BASF SE: BASF announced a breakthrough in sustainable binders with the launch of a new bio-based coating binder, aimed at reducing environmental impact without compromising performance. This innovation aligns with their commitment to sustainability and green chemistry practices.
• Akzo Nobel N.V.: Akzo Nobel introduced a series of next-generation acrylic binders designed for low-VOC formulations, catering to the growing demand for eco-friendly coatings. This move underscores their focus on innovation and meeting stringent regulatory standards.
• Arkema S.A.: Arkema expanded its portfolio with the acquisition of a specialty binder manufacturer, enhancing their capabilities in high-performance coatings. This strategic acquisition aims to strengthen their market position and broaden their product offerings.
• DIC Corporation: DIC Corporation launched a novel waterborne binder solution optimized for automotive coatings, emphasizing superior durability and scratch resistance. This development addresses industry trends towards higher performance and sustainability in automotive applications.
• Wacker Chemie AG: Wacker Chemie unveiled a breakthrough in silicone-based binders for architectural coatings, promising enhanced weather resistance and longer-lasting protection. This advancement highlights their commitment to technological leadership and customer-centric solutions in the coatings market.
Features of the Global Coating Binders Market
Market Size Estimates: Coating binders market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Coating binders market size by type, application, and region in terms of value ($B).
Regional Analysis: Coating binders market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the coating binders market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the coating binders market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the coating binders market size?
Answer: The global coating binders market is expected to reach an estimated $12.7 billion by 2030.
Q2. What is the growth forecast for coating binders market?
Answer: The global coating binders market is expected to grow with a CAGR of 8.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the coating binders market?
Answer: The major drivers for this market are growing construction and infrastructure development, rising focus towards eco-friendly and sustainable products, and technological advancements in coating formulations.
Q4. What are the major segments for coating binders market?
Answer: The future of the global coating binders market looks promising with opportunities in the automotive coating, architectural coating, marine coating, and aerospace coating markets.
Q5. Who are the key coating binders market companies?
Answer: Some of the key coating binders companies are as follows:
• Dowdupont
• Arkema
• Solvay
• DSM
• Lubrizol
• Synthomer
• Huntsman
Q6. Which coating binders market segment will be the largest in future?
Answer: Lucintel forecasts that natural coating binder is expected to witness higher growth over the forecast period.
Q7. In coating binders market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the coating binders market by type (natural coating binders and synthetic coating binders), application (automotive coating, architectural coating, marine coating, aerospace coating, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Coating Binders Market Market, Coating Binders Market Market Size, Coating Binders Market Market Growth, Coating Binders Market Market Analysis, Coating Binders Market Market Report, Coating Binders Market Market Share, Coating Binders Market Market Trends, Coating Binders Market Market Forecast, Coating Binders Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.