Global Redispersible Polymer Powder Market by Type (Acrylic Redispersible Polymer Powder, Vae Redispersible Polymer Powders, Veova Redispersible Polymer Powder, SB Redispersible Polymer Powder); Application; End-Use Industry; Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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The Global Redispersible Polymer Powder Market accounted for USD 2.11 billion in 2016 and projected to grow at a CAGR of 5.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The Global Redispersible Polymer Powder Market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Top Competitors:-
- Wacker Chemie AG,
- The Dow Chemical Company,
- Akzo Nobel N.V.,
- BASF SE,
- Acquos,
- Ashland,
- yintai-cn,
- Bosson Union Tech(Beijing) Co.,Ltd,
- synthomer plc,
- Hexion,
- The Nippon Synthetic Chemical Industry Co., Ltd.,
- Benson Polymers Limited,
- DCC,
- Organik Kimya,
- Divnova Specialties Pvt. Ltd.,
- Others.
Market Definition:
Redispersible polymer powders are polymer emulsions which have been converted by a series of process such as high temperatures and pressures, spray drying and surface treatment to powdered thermoplastic resin materials. When mixed with water, these powdered organic binders can redisperse in water back into new emulsions with essentially identical properties to the original copolymer emulsions. It has its wide application in tiling & flooring, mortars, plastering, insulation systems. Growing demand from construction end-use industry, and increase in residential housing projects may act as the major driver in the growth of redispersible polymer powders. On the other side, higher risks associated with spray drying production process may hamper the market.
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Major market drivers and restraints:
- Growing demand from construction end-use industry
- Increase in residential housing projects
- Increased spending on repair and maintenance
- Higher risks associated with spray drying production process
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