Redispersible Polymer Powder Market Strong Development By Major Eminent Players, Technology and Forecasts to 2023

Market Scenario:

The global redispersible polymer powder market is presumed to garner USD 2,378.2 million during the forecast period (2015-2023) owing to the increasing use of redispersible polymer powder in the flooring industry, asserts Market Research Future (MRFR). A form of copolymer emulsion, redispersible polymer powder is obtained through spray drying of copolymer emulsions. Polymer powder is used in several applications such as insulating systems, tile adhesives, mortars, and others.

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Drivers and Constraints Impacting the Market:

With the increasing investment in commercial and residential infrastructure, the global redispersible polymer powder market is likely to stimulate during the assessment period. The rising per capita income in the emerging economies is presumed to augment the market growth globally. Also, with the increasing use of redispersible polymer powder in the flooring and tiles industry, the global market for redispersible polymer powder is considered to expand at a rapid pace. Redispersible polymer powder is extensively used in construction chemical application such as grouts, screeds, cementitious sealing slurries, external thermal insulation composite systems, construction and tile adhesives, plasters, repair mortars, and self-leveling flooring compounds. Demand for redispersible polymer is rising at a rapid pace owing to its benefits in the construction industry such as abrasion resistance and strong impact, workability and better water retention, strong strength development of the mortar, and higher flexibility and flexural strength.

On the flip side, volatility of raw material prices is considered to impede the market growth during the assessment period.

Global Redispersible Polymer Powder Market: Segmental Analysis:

The global redispersible polymer powder market has been segmented on the basis of application, type, end-use industry, and region.

By mode of type, the global redispersible polymer powder market has been segmented into vinyl acetate-ethylene redispersible polymer powder, acrylic redispersible polymer powder, veova redispersible polymer powder, styrene butadiene redispersible polymer powder, and others. Among these, the acrylic redispersible polymer powder is the presumed to be the largest segment owing to the properties offered such as abrasion resistance, high adhesion, good workability, flexural strength, exterior durability, and resistance to UV degradation.

By mode of application, the global redispersible polymer powder market has been segmented into plastering, tiling & flooring, insulation systems, mortars, and others. Among these, the tiling & flooring segment is predicted to be the largest and the fastest growing application segment. The growth is attributed to the increased renovation activities which are likely to trigger the use of redispersible polymer powders in this application. Moreover, rising disposable income of customers is resulting in high expenditure on decorative applications such as aesthetically improved flooring and attractive tiles.

By mode of end-use industry, the global redispersible polymer powder market has been segmented into nonresidential construction, residential construction, and industrial construction. Among these, the residential construction segment is likely to dominate the global market during the assessment period. The growth is attributed to the growing investments in new high-end construction projects, affordable housing schemes, and the renovation of old buildings.

Competitive Dashboard:

·         BASF SE

·         The Dow Chemicals Company

·         Akzo Nobel N.V.

·         Dairen Chemical Corporation

·         Ashland Global Holding

·         Acquos

·         Hexion Inc

·         Puyang Yintai Industrial

·         Synthomer Plc

·         Benson Polymers Limited

·         Wacker Chemie AG

·         Organic Kimya

·         Bosson Union Tech

·         Divnova Specialities

Industry Updates:

January 25, 2018: A worldwide solution provider in the construction chemicals industry, Organik Kimya is responding to the growing market demand by the expansion of the capacity of its redispersible powder polymers production. The investment comprises an addition of a second spray dryer to its Tuzla based Orgachem plant which is estimated to double the production capacity.

Regional Insights:

Geographically, the redispersible polymer powder market span across five major regions namely, Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America.

Among all the regions, Asia Pacific is estimated to be the largest region in terms of market share. The region is presumed to register 7.59 % CAGR owing to the presence of China which leads the regional market. The growth is attributed to the increased investment in the construction and residential sector. Also, rapid urbanization coupled with increasing foreign direct investment are fostering the market growth during the review period.

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