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Global Redispersible Polymer Powder Market Outlook
The global redispersible polymer powder market stood at a value of more than USD 1.8 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 5.9% to reach a value of over USD 2.5 billion by 2027.
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Residential Segment to Exhibit a Significant Growth in the Forecast Period
Based on end user, the residential segment is predicted to witness a significant growth in the forecast period. The rapidly increasing population, urbanisation, and rising disposable income levels are projected to boost the residential construction activities, driving the demand for redispersible polymer powder in residential construction.
The Asia Pacific Region is Expected to Attain a Significant Growth in the Forecast Period
Geographically, the Asia Pacific redispersible polymer powder industry is expected to attain a significant growth in the forecast period owing to the rapid urbanisation and industrialisation in developing economies such as India, China, and others. Moreover, the increasing population, improvements in living standards, and growing residential and commercial construction activities are expected to propel the growth of the redispersible polymer powder industry in the Asia Pacific region in the forecast period.
Redispersible Polymer Powder: Market Segmentation
Redispersible polymer powder is a free-flowing, white powder polymer emulsion obtained after a series of processes such as spray drying (atomising the aqueous polymer dispersions in a stream of hot air), high temperatures and pressures, and surface treatment to powdered thermoplastic resin materials. When blended with water, these powders can redisperse in water back into new emulsions with essentially identical properties to the original copolymer emulsions.
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Based on type, the industry can be categorised into:
On the basis of application, the industry can be segmented into:
Based on end user, the industry can be divided into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Application of Redispersible Polymer Powder in the Construction Sector to Bolster the Growth of the Global Redispersible Polymer Powder Industry
The global market for the redispersible polymer powder has been growing considerably for the last few years owing to the burgeoning construction sector, consisting of commercial establishments and public infrastructure and utilities. The rise in residential projects across the globe and an increase in the usage of redispersible polymer powder in construction chemicals such as tiling adhesives, mortars gypsum, grouts, and renders, among others are supporting the market growth. The industrial plants are exposed to a high level of shock and tremor. The application of redispersible powder is mandatory to enhance the strength of these buildings by improving the chemical properties of mortars and other dry mix products. Additionally, the rising research and development activities and a rise in demand for the product in green buildings are also contributing positively to the growth of the market. Furthermore, redispersible polymer powder improves tensile strength, stability, toughness, and impact tolerance. Moreover, the increasing population and the rapid industrialisation and urbanisation are expected to significantly contribute to the growth of the market.
Key Industry Players in the Global Redispersible Polymer Powder Market
The report gives a detailed analysis of the following key players in the global redispersible polymer powder market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES DETAILS Base Year 2022 Historical Period 2018-2022 Forecast Period 2023-2028 Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, End User, Region Breakup by Type Vinyl Acetate Ethylene (VAE), Vinyl Ester of Versatic Acid (VeoVa), Acrylic Powder, Styrene Butadiene, Others Breakup by Application Mortars and Cement, Insulation and Finish Systems, Tile Adhesives and Grouts, Self-Leveling Underlayment, Plasters, Others Breakup by End User Residential, Non-residential Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications Companies Covered BASF SE, Hexion Inc., Celanese Corporation, Dairen Chemical Corporation, The Dow Chemical Company, Others Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs. Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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