Redispersible Polymer Powder Market Size, Share, Industry Growth, Future Demand and Trends and Forecast 2019-2023
redispersible polymer powder market has been analyzed in the key regions of Asia Pacific (APAC), Latin America, North America, Europe and the Middle-East and Africa.
Pune, India – August 20, 2019 /MarketersMedia/ —
Market Highlights:
According to the latest analysis conducted by Market Research Future (MRFR), the global redispersible polymer powder market is expected to reach the valuation of USD 2,378.2 million by 2023. Moreover, the market is exhibited to surge at a CAGR of 6.66% during the forecast period (2017-2023).
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Growth Drivers and Top Barriers
MRFR predicts that the global redispersible polymer powder market will have a significant growth during the conjectured time frame. The rising investment in commercial as well as residential infrastructure is contributing substantially to the growth of the redispersible polymer powder market. Thus, the elevated per capita income in the developing nations is expected to cement the position of the global market in the coming years. In addition, the augmented use of redispersible polymer powder in the flooring and tiles industry is anticipated to bring in excellent business for the market in the years ahead.
Redispersible polymer powders finds widespread applications in the construction industry including as construction and tile adhesives, screeds, external thermal insulation composite systems, plasters, repair mortars, grouts, cementitious sealing slurries and self-leveling flooring compounds. The demand for redispersible polymer is increasing at a consistent rate on account of its numerous benefits in the construction industry including improved water retention and workability, excellent strength development of the mortar, stronger flexural strength as well as flexibility, along with robust impact and abrasion resistance.
Growing disposable incomes have brought positive results for the demand for housing. Furthermore, commercialization in developing markets at a global level has led to an elevated investment in infrastructure as well as various other non-residential construction activities. Consequently, the demand for tile has risen in conjunction with the construction sector. on that note, redispersible polymers are used extensively in tiling, acting as a tiling adhesive. On the downside, the volatility of the prices of the raw materials could leave a negative effect on the growth of the market. Yet, the product demand is set to remain steady, with the presence of various opportunities for market development in the coming future.
Leading Vendors
The vendors that are currently leading the global redispersible polymer powder market include The Dow Chemicals Company, BASF SE, Divnova Specialities, Akzo Nobel N.V., Synthomer Plc Dairen Chemical Corporation, Acquos, Ashland Global Holding, Hexion Inc, Organic Kimya, Puyang Yintai Industrial, Wacker Chemie AG, Bosson Union Tech, Benson Polymers Limited, among others.
Latest News
May 2019
Aksa Akrilik along with Bossa, has developed a type of denim fabric which is made of acrylic redispersible polymer powder and makes use of Acare fibers derived from the Acryluna product which has been developed by Aksa Akrilik.
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Market Segmentation
The redispersible polymer powder market has been segmented on the basis of type, application and end-use industry.
Depending on the type, the redispersible polymer powder market has been considered for acrylic redispersible polymer powder, styrene butadiene redispersible polymer powder, verova redispersible polymer powder, vinyl acetate-ethylene redispersible polymer powder, and others. Among these, the acrylic redispersible polymer powder market will be controlling the maximum share as a result of its rising use in the production of grouts, joint fillers, as well as tile adhesives. Simultaneously, the vinyl acetate-ethylene redispersible polymer market will be noting a highly lucrative run in the global market, with the highest CAGR of 7.50% during the assessment period.
Application-wise, the market caters to tiling & flooring, plastering, mortars, insulation systems, and others. Out of these, the tile and flooring market has acquired more than one-third of the total market share, having reached the valuation of USD 533.8 million in the year 2016. Moreover, the segment is on track to attain a profitable run in the future at a growth rate of 7.24% over the review period owing to the surging use of redispersible polymer powders in tiling adhesives. On the other hand, the insulation system market is deemed to note the fastest growth in the coming years at a CAGR of 7.28% as a result of the increasing demand from the construction industry.
The end-use industry-based segments in the global market are residential construction, industrial construction, and non-residential construction.
Regional Outlook:
At a global platform, the worldwide redispersible polymer powder market has been analyzed in the key regions of Asia Pacific (APAC), Latin America, North America, Europe and the Middle-East and Africa.
At present, Asia Pacific has been established as the leading regional market, with predictions of it retaining its top position well into the forecast period. The market in the region is expected to expand at a CAGR of 7.59% during the review time frame. The region consists of several fast-developing small markets characterized by growing number of construction activities, residential, nonresidential as well as industrial. The rise in foreign investments has taken the region to a higher level in the global market, yielding profits for the market. The region is known for attracting the attention of a number of industry participants striving to raise their investments for meeting with the strong demand within the region, taking advantage of the availability of cheaper overhead costs. In the region, China is the leading country with the highest share, trailed by Japan which is set to observe a CAGR of over 6% in the near future.
The report acknowledges Europe as the second-leading region with 25% share of the total market. The regional market is set to be growing at a dynamic CAGR of 5.99% in the review period. Countries like Italy and Germany are the primary contributors, whereas Poland is bound to make its presence known in the region backed by the highest CAGR. The growth of the regional market has been apparent owing to the rising demand as well as focus on the construction of green buildings. On top of that, the construction industry in the region is thriving at a luxurious pace, posing as a significant factor responsible for the striking development of the redispersible polymer powder market in the region.
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