Global Redispersible Polymer Powder Market was valued US$ 1.423 Bn. in 2019 and is estimated to grow at CAGR of 6.17 %, to reach US$ 2.297 Bn. during the forecast period from 2020 to 2027.
Global Redispersible Polymer Powder Market
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Redispersible Polymer Powder is polymer emulsions white or light yellow in color, dispersible in water, and exhibit good saponification resistance. Produce by spray drying or surface treatment of a wide range of monomers such as vinyl versatate, vinyl acetate, acrylate, styrene-butadiene, and ethylene.
Growing demand for residential housing and increasing construction product by the end-use industry for Residential & Commercial building is the major factor driving the growth of redispersible polymer powders. The product helps in enhancing the physical characteristics required for buildings infrastructure and helps in improving the surface abrasion resistance. The Demand for redispersible polymer powder is estimated to rise significantly due to the flourishing building & construction industry, rapid industrialization & urbanization in developing countries such as India, China, and Vietnam. The global construction expenditure in 2019 was US$ XX Tn and is likely to surpass US$ XX Tn by 2027. Besides being used in construction Redispersible polymer powder is also used in mortar mixtures to increase flexibility, cohesiveness, and cohesion property.
On the contrary, fluctuating prices of raw materials and risk associated with the production of spray drying likely to restraint the market growth. For instance, ethylene is a naphtha derivative and its price variations directly affect the product price which in turn hampers the growth of the global Redispersible Polymer Powder market.
Global Redispersible Polymer Powder Market: Market Segmentation
The report covers competitive analysis of the Redispersible Polymer Powder Market in each of the geographical segments, thereby providing insight into a market share of the countries.
Acrylic Redispersible Polymer Powder is the largest redispersible polymer powder market
Based on type, Acrylic redispersible polymer powder is the largest segment offering excellent property such as flexibility, good cohesion, hydrophobic, and waterproofing. Acrylic redispersible polymer powder is widely adopted for cement-based products use, due to its excellent hydrolysis resistance, exterior durability, and properties such as clarity, flexibility, chemical stability, rheology, versatility, and resistance to UV degradation. Acrylics can also withstand hot and dry climatic conditions where usually; mortars and plasters are liable to cracks.
Residential construction by end-use industry is likely to have the largest market share
Based on end-use industry residential construction is thriving due to expanding population globally, the overall population has risen from XX Bn in 2016 to XX Bn in 2019 across the globe. The rising demand for housing infrastructures, growing investments for reasonable housing and renovation of old buildings & monuments, in turn, propel the demand and growth of the redispersible polymer powders market in the residential segment.
Global Redispersible Polymer Powder Market1
Global Redispersible Polymer Powder Market: Geographical Analysis
The Asia-Pacific is the leading market that dominate the Global Redispersible Polymer Powder due to growing infrastructural & increasing investment in developing countries such as India, China, and Japan. The growth is also attributed due to the increasing use of redispersible polymer powders in commercial & residential construction, flourishing due to growing requirement for residential housing, office buildings, and shopping complexes to meet the need of expanding populations in these countries.
North America is also the significant regional market driven by Mexico, Canada, and the U.S. owing to rising construction expenditures. U.S spends up to 900 Bn in 2018 on private construction and is estimated to cross US$ 1 Tn by 2022. Redispersible Polymer Powder is extensively used as an additive in cement mortar, resins, plasters, coating, and impregnation composites.
Competitive Analysis: Global Redispersible Polymer Powder Market:
Wacker Chemie is a prominent player in the global redispersible polymer powder market. The industry invests massively in R&D activities to promote product innovation. The company is also extending its production capacity in Asia to reach the mounting regional product demand. DowDupont Inc is also a well-recognised competitor with a strong global presence. The company strive to take strategic initiatives to strengthen its distribution network.
As per the report, some major prominent players in Redispersible Polymer Powder Market are Artcraft Plating & Finishing, BIA Kunststoff- und Galvanotechnik (BIA), Bolta Werke GmbH.
The objective of the report is to present a comprehensive analysis of the Global Redispersible Polymer Powder Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
• In March 2019, Nouryon at European Coatings Show in Germany introduced Ethylan EF-60, a redispersible polymer powder. The powder produces dry-mix mortars for the construction with sustainability requirements and the latest quality.
• In May 2018, “Elotex” redispersible polymer powders produced by Akzo Nobel was awarded by the energy manager and environmental leader for ‘Product of the Year.’ The product enhances in reducing the total volatile organic compound which boosts energy management.
• In May 2017, Archroma introduced Mowilith POWDER 2702 for employment with 1K premium execution waterproofing mortars.
The report also helps in understanding Global Redispersible Polymer Powder Market dynamics, structure by analyzing the market segments and projects the Global Redispersible Polymer Powder Market size. Clear representation of competitive analysis of key players by Pathogen Type, price, financial position, Application portfolio, growth strategies, and regional presence in the Global Redispersible Polymer Powder Market make the report investor’s guide.
Scope of the Global Redispersible Polymer Powder Market:
Global Redispersible Polymer Powder Market, By Type
• Acrylic Redispersible Polymer Powder
• VAE Redispersible Polymer Powder
• VeoVa Redispersible Polymer Powder
• SB Redispersible Polymer Powder
Global Redispersible Polymer Powder Market, By Application
• Tiling & Flooring
• Insulation System
Global Redispersible Polymer Powder Market, By End-User
• Residential Construction
• Commercial Construction
• Industrial Construction
Global Redispersible Polymer Powder Market, By Region
• North America
• Asia Pacific
• The Middle East and Africa
• Latin America
Global Redispersible Polymer Powder Market, By key Players
• BASF SE (Germany)
• Clariant AG (U.S.)
• The DOW Chemical Company (U.S.)
• Akzo Nobel N.V (The Netherlands)
• Arkema S.A (France)
• Celanese Corporation (U.S.)
• OBNOVA Solutions Inc. (U.S.)
• Wacker Chemie AG (Germany)
• Hexion Inc. (U.S.)
• Synthomer plc. (U.K.)
• Ashland Global Holdings Inc. (U.S.)
• Puyang Yintai Industrial Trading Company Ltd. (China),
• Shandong Xindadi Industrial Group Co., Ltd. (China)
• Univar (U.S)
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