Market
Highlights
Redispersible polymer has various
applications which ensure its markets growth as the demand growing in various
industry verticals. Market Research Future (MRFR) has released an exhaustive
report on the global redispersible polymer powder market which reveals that the
global market is expected to witness healthy growth at a CAGR of 6.66% during
the forecast period of 2017 to 2023. Market growth is primarily expected to be
influenced by exponential growth in construction activities, which is expected
to grow to reach an estimated evaluation of USD 2,378.2 million by 2023.
The construction sector is witnessing
a boom, particularly in fast emerging markets. The rapid urbanization in
emerging markets has resulted in increased construction of housing complexes
and other residential construction. Rising disposable incomes has further
increased demand for housing. Moreover, commercialization in these emerging
markets, and on a global scale has resulted in increased investments in
infrastructure and other non-residential construction activities. Subsequently,
the demand for tile has also grown along with the construction sector.
Redispersible polymers are extensively applied in tiling as a tiling adhesive.
However, the volatility of raw material prices is expected to hinder market
growth. Despite this, the demand is likely to keep steady and perpetuate growth
via various opportunities for market expansion.
Leading
Vendors
Ø The Dow Chemicals Company
Ø BASF SE
Ø Divnova Specialities
Ø Akzo Nobel N.V.
Ø Synthomer Plc Dairen
Chemical Corporation
Ø Acquos
Ø Ashland Global Holding
Ø Hexion Inc,
Ø Organic Kimya
Ø Puyang Yintai Industrial
Ø Wacker Chemie AG
Ø Bosson Union Tech
Ø Benson Polymers Limited
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.
Growth
Drivers and Top Barriers
MRFR predicts that the global Redispersible
Polymer Powder Market Size 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.
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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