Mar 04, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Redispersible Polymer Powder Market.
It was estimated prior to this unanticipated outbreak that the Redispersible Polymer Powder Market is likely to witness an impressive CAGR of 6.2% during the forecast period. The rising demand for redispersible polymer powder from various end-use industries, such as residential sector, commercial sector, and industrial sector is driving the market globally.
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Redispersible Polymer Powder is mainly polymer emulsion which is converted into the thermoplastic resin of powdered nature through processes such as spray drying, surface treatment, high pressure, and high temperatures. Redispersible polymer powder is added to mortar to increase the cohesion, flexibility, and cohesiveness of the mortar.
Redispersible Polymer Powder is used in a number of mortars and similar materials. The powder is used in a number of areas such as tiling, flooring, mortars, plastering, insulation systems, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the type, the market is segmented as acrylic redispersible polymer powder, VAE redispersible polymer powder, VEOVA redispersible polymer powder, and SB redispersible polymer powder. Acrylic is estimated to be the largest segment in the coming five years. The growth is attributed to its prime characteristics, such as sturdiness, aqueous resistance, elevated functionality, and suppleness. The VAE redispersible polymer powder segment is expected to be the fastest-growing type during the forecast period, in terms of value and volume, owing to its exceptional properties, such as viable cost, its growing usage in various indoor engagements in the construction sector.
Based on the application type, the market is segmented as tiling & flooring, mortars, plastering, insulation systems, and others. Tiling & flooring is estimated to be the largest as well as fastest-growing application segment in terms of value and volume during the forecast period. The growth is attributed to the growing adoption of redispersible polymer powders in artistically mesmerizing tiles, upkeep of tiling & flooring, and revamp of projects.
Based on the end-use industry type, the market is segmented as residential construction, commercial construction, and industrial construction. The residential construction segment is estimated to be the largest during the forecast period. The growth is attributed to the expansion in the construction of housing building projects to keep pace with the accommodation facilities of the increasing population. On the other hand, the industrial construction segment is expected to be the fastest-growing segment during the forecast period, owing to its usage in engineering plant construction, power plant erection, and further buildings.
In terms of regions, Asia-Pacific is leading the redispersible polymer powder market, followed by North America and Europe. The region is also expected to maintain its dominance in the coming five years. China and India are the growth engines of the region. The market is driven by the development of infrastructural ventures along with the growing industrialization in the region.
Key players operating in the global Redispersible Polymer Powder market are-
- Wacker Chemie AG
- The DOW Chemical Company
- Akzonobel N.V.
- BASF SE
- Ashland Global Holdings Inc.
- Hexion Inc.
- Synthomer PLC
- The Nippon Synthetic Chemical Industry Co., Ltd.
- Acquos Pty Ltd.
- Bosson (Beijing) Chemical Co., Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Redispersible Polymer Powder analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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