NON-CONVERTIBLE BINDERS MARKET ANALYSIS

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NON-CONVERTIBLE BINDERS MARKET ANALYSIS

• Non-convertible Binders Market, By Product Type
  (Acrylic, PVC (Polyvinyl Chloride), PVA (Poly
  Vinyl Acetate), Latex, and Others), By Form
  (Liquid, Powder, and High Solids), By Application
  (Construction, Automotive, Electrical
  Electronics, and Others), and By Region (North
  America, South America, Europe, Asia Pacific, and
  Middle East Africa) - Size, Share, Outlook, and
  Opportunity Analysis, 2019 - 2027

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• Non-convertible binders are binders, which are
  composed of organic materials such as varnishes,
  resins containing fatty acids from natural oils,
  and other synthetic polymers. The non-convertible
  binders do not depend on chemical reactions for
  formation of films. The most common process
  adopted for film formation is the solvent
  evaporation.
• Market Dynamics
• The non-convertible binders market is expected to
  witness significant growth over the forecast
  period, owing to growth of the global
  construction industry. According to the Global
  Construction Perspectives and Oxford Economics,
  the global construction industry is expected to
  reach US 17.5 trillion by 2030, which is a US 8
  trillion rise from 2015. Non-convertible binders
  also have advanced features such as
  cost-effectiveness, environment friendliness, and
  lower energy consumption, which are expected to
  drive end-use industries such as construction,
  automotive, and others towards the use of such
  materials. There is also an upsurge in demand of
  non-convertible binders from automotive industry,
  owing to increasing preference towards
  lightweight components due to changing dynamics
  towards e-vehicles, emission regulations, and
  automotive light weighting. All these factors are
  expected to drive growth of the non-convertible
  binders market over the forecast period.
• However, growth of this market is expected to be
  restrained by the limited availability of raw
  materials required in the manufacturing of
  non-convertible binders along with fluctuations
  in the prices of raw materials.

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• Market Outlook
• On the basis of application, the construction
  segment is expected to hold a dominant position
  in the global non-convertible binders market,
  owing to increasing construction activities for
  both residential and commercial buildings. For
  instance, as per the U.S. Department of Housing
  and Urban Development, in May 2019, the total
  number of new residential housing completions was
  1,213,000, and 1,294,000 building permits were
  sanctioned.
• On the basis of region, the market is segmented
  into North America, South America, Europe, Asia
  Pacific, and Middle East Africa. Among regions,
  Asia Pacific region is projected to witness
  significant growth due to increasing construction
  activities in the region. There are numerous new
  constructions along with remodeling activities in
  the region, which is expected to drive demand for
  non-convertible binders over the forecast period.
  The North America region is also expected to hold
  a significant position in the market, owing to
  the presence of several well-established paint
  and coating, and adhesives industries in the
  region.
• Key players
• Key players operating in the global
  non-convertible binders market include Wacker
  Chemie AG, BASF, OILEX GmbH, ENDURA IPNR, and
  Keramicalia among others.

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• Market Taxonomy
• On the basis of product type, the global
  non-convertible binders market is segmented into
• Acrylic
• PVC (Polyvinyl Chloride)
• PVA (Poly Vinyl Acetate)
• Latex
• Others
• On the basis of form, the global non-convertible
  binders market is segmented into
• Liquid
• Powder
• High Solids
• On the basis of application, the global
  non-convertible binders market is segmented into
• Construction
• Automotive
• Electrical Electronics
• Others

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On the basis of region, the global
non-convertible binders market is segmented
into North America U.S. Canada Mexico South
America Brazil Argentina Rest of South
America Europe U.K. Germany Italy France Spain Rus
sia Rest of Europe
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Asia Pacific China India Japan South
Korea ASEAN Australia Rest of Asia Pacific Middle
East Africa Middle East Africa
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