Redispersible Polymer Powder Market Business Opportunities, Size, Share, Scope & Forecast to 2028
The new report by Expert Market Research titled, ‘Global Redispersible Polymer Powder Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global redispersible polymer powder market, assessing the market based on its segments like types, applications, end users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2021): USD 1.8 Billion
- Forecast CAGR (2023-2028): 5.9%
- Forecast Market Size (2027): USD 2.5 Billion
The developing construction sector owing to industrialisation and urbanisation is driving the growth of the redispersible polymer powder industry. The inflating disposable income and the poor-quality buildings are resulting in extensive scale maintenance activities, which is bolstering the redispersible polymer powder industry. Moreover, the growing adoption of redispersible polymer powder in construction sites due to the numerous advantages, such as low cost, water resistance, non-toxicity, high bond strength, and convenience in usage is leading to the expansion of the market. The redispersible polymer powders are also environmentally friendly. The Elotex products by Akzo Nobel enable customers to reduce volatile organic compound (VOC) emissions in their formulations and provide indoor air quality. All these factors play a crucial role in the steady growth of the redispersible polymer powder industry.
Redispersible Polymer Powder Industry Definition and Major Segments
The redispersible polymer powder is a fine-grained, thermoplastic, and hygroscopic material that is used for blending inorganic binders, such as cement, in construction activities and is also used to manufacture construction adhesives. It is manufactured by the processes of emulsion polymerisation and spray drying.
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The redispersible polymer powder industry, by type, is segmented into:
- Vinyl Acetate Ethylene (VAE)
- Vinyl Ester of Versatic Acid (VeoVa)
- Acrylic Powder
- Styrene Butadiene
- Others
Based on application, the market is classified into:
- Mortars and Cement
- Insulation and Finish Systems
- Tile Adhesives and Grouts
- Self-Leveling Underlayment
- Plasters
- Others
On the basis of end user, the market is divided into:
- Residential
- Non-residential
The regional markets of redispersible polymer powder include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Redispersible Polymer Powder Market Trends
The government initiatives to construct more green buildings due to its environmental benefits are contributing to the incremental development of the market as redispersible polymer powders as they are widely used in the construction of these buildings. In addition, the increasing investments made by leading industry players to manufacture redispersible polymer powders that are of superior quality is further invigorating the market. For instance: BASF SE offers Acronal acrylic Polymers that are environmentally friendly and meets the end-user requirements. This product promotes superior flexibility, yields low water to reduce sticking, and possess high performance. Such innovative products and the rising research activities are also expected to augment the redispersible polymer powder industry in the forecast period.
Key Market Players
The major players in the market are BASF SE, Hexion Inc., Celanese Corporation, Dairen Chemical Corporation, The Dow Chemical Company, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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