Paint Binders for Coating Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 8.1 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
The Paint Binders for Coating market has seen significant changes from 2018 to 2022, driven by evolving industry needs, technological advancements, and regulatory shifts. During this period, key drivers like increased demand for environmentally friendly products, the growth of the construction sector, and the rise in automotive production have fueled the market's growth. In 2021, the global market was valued at over $30 billion, and it demonstrated a steady compound annual growth rate (CAGR) of approximately 4% from 2018 to 2022. Key regions contributing to the market include North America, Europe, and Asia-Pacific, with Asia-Pacific leading due to its rapid industrialization and urbanization trends.
Looking ahead from 2023 to 2033, the market for Paint Binders for Coating is set to witness notable developments. The demand is expected to grow at a faster pace, driven by the continuous innovation in binder technologies, the increasing adoption of green coatings, and the booming demand from the construction, automotive, and industrial sectors. By 2025, the market size is predicted to exceed $45 billion, reflecting a CAGR of around 5% over the next decade. Technological advancements in water-based and high-performance binders will dominate, particularly in regions like North America and Europe, where stricter environmental regulations push the demand for eco-friendly alternatives.
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Coatings World
Neochem
European Coatings
Amtec
Covestro AG
Wiley Online Library
SAN NOPCO KOREA
BASF
Dow
Sabre
UTS Group
Teknos
Sidh Organics Private
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Paint Binders for Coating Market
Residential
Commercial Building
Factory
Other
Based on Types the Market is categorized into Below types that held the largest Paint Binders for Coating market share In 2023.
Acrylic Polymers (resins)
Alkyd Polymers (resins)
Epoxy Polymers (resins)
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Paint Binders for Coating Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Paint Binders for Coating Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Paint Binders for Coating Market, By Type
6. Global Paint Binders for Coating Market, By Application
7. Global Paint Binders for Coating Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Paint Binders for Coating Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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