Redispersible Polymer Powder Market, Analysis Comprehensive Analysis Of The Current Trends And Inclinations

Market Highlights:

Global Redispersible polymer powder Market value is registered as USD 1.52 billion and is expected to exhibit a significant CAGR of 5.77% with a redispersible market size of USD 2.39 billion during the forecast period (2021-2028).

The growth is attributed to the rising construction expenditure across the globe. Regions such as Asia Pacific and Latin America are gaining major attention by the industry players due to the rising foreign direct investments in the construction sector. As per our analysis, Asia Pacific is considered to be the largest market due to the increasing investment in residential as well as commercial sector.

Segment Analysis

The redispersible polymer powder market Share is segmented on the basis of type, application, end-use industry, and region. On the basis of the type, the market is segmented into acrylic redispersible polymer powder, vinyl acetate-ethylene redispersible polymer powder, veova redispersible polymer powder, styrene butadiene redispersible polymer powder, and others. The market on the basis of the application is segmented into tiling flooring, plastering, mortars, insulation systems, and others. On the basis of the end-use industry, the market is further categorized into residential construction, nonresidential construction, and industrial construction. On the basis of the region, the global market is spanned across North America, Europe, Asia Pacific, Latin America, and the Middle East Africa. Tiling and flooring application segment emerged as the leading segment with over 35% of the global share in 2016. The growing demand for aesthetically improved flooring and lucrative tiles is further driving the consumption of redispersible polymer powder in tiling flooring applications. On the basis of the end-use industry residential construction is projected to show the highest growth during the forecast years. The residential construction segment is expected to reach a market value of USD 1308 million by 2023. The growing construction activities in the emerging economies are substantially contributing to the segment growth. According to the Statistica, the China State Construction Engineering Corporation generated a revenue of over USD 152 billion.

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Regional Analysis

The global redispersible polymer powder market is spanned across North America, Europe, Asia Pacific, Latin America, and the Middle East Africa. According to the MRFR analysis, Asia Pacific was the most promising region both in terms of market volume as well as market value as of 2016 and is anticipated to show the same trend during the forecast period. The region is expected to witness a growth at a CAGR of 8.20% in terms of volume during the forecast period.

Key Players:

Some of the key players in the global Wacker Chemie AG (Germany), The Dow Chemicals Company (U.S.), Acquos (Australia), Akzo Nobel N.V.(Netherland), Ashland Global Holding (U.S.), Hexion Inc (U.S.), Synthomer Plc (U.K), Bosson Union Tech (China), BASF SE (Germany), Puyang Yintai Industrial (China), Benson Polymers Limited ( India), Dairen Chemical Corporation ( Taiwan), Organic Kimya (Turkey), and Divnova Specialities (India).

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