Global Redispersible Polymers Market – Synopsis
Redispersible Polymers are added to mortars to enhance its durability, cohesion (bond strength), flexibility and water retention property by forming a film to reduce evaporation of water. Thus, these polymers modify cement mortars to meet the modern construction requirement aptly. Hence, they are increasingly used in renders or plastering works like tiling, plastering, crack fillers, cement based wall putties and as adhesives for wallpapers & tiles. Its augmented adoption worldwide is fuelling the Redispersible Polymers Market.
Considering the rapid expansion and the potential this market holds to grow further, Market Research Future (MRFR) recently published a study report, giving out a complete market insight for the period 2017 – 2023. In its analysis MRFR asserts that the Global Redispersible Polymers Market is forecasted to grow exponentially, registering a phenomenal the review period.
Burgeoning building & construction sector drives this market predominantly. In addition, other factors contributing to the market growth include increasing population & urbanization across the world. Improving economic conditions across the globe, are providing impetus to the market growth, enhancing consumers’ purchasing power.
Increasing investments transpired into R&D activities by the market players are paying off well, bringing about more innovations & betterment in the products. This, in turn, helps to foster the market growth to an extent. Initiatives taken by the government bodies for infrastructural development and increased emphasis on quality is positively influencing the market growth, especially in the developing regions.
On the other hand, volatility of prices & supply of feedstock hampers the growth of Redispersible Polymers Market to a great deal. While the increasing interest from government & Private sectors and investment funding for the development of the product along with the related technology is creating a larger revenue pocket in the market.
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Global Redispersible Polymers Market – Competitive Landscape
The Global Redispersible Polymers Market appears to be fiercely competitive and fragmented with many well-established players having the global presence. Brand reinforcement, mergers & acquisitions, and innovation remain the popular trends for the key players in the market.
Industry/ Innovation/ Related News:
January 25, 2018 – Organik Kimya San. Tic. A.S. (Turkey), a leading global solution provider for the applications in the construction chemicals industry, announced its plans & investment to increase the production capacity for Redispersible Powder Polymers. As the line of action, the company is investing to a spray dryer in addition to the existing one. The company has taken this decision in response to the increased market demand for the product.
March 22, 2018 – BASF (Germany) a chemical giant announced increment in the prices for polymer dispersions by up to 80 euros/metric ton and redispersible powders by up to 140 euros/metric ton especially in EMEA region — Europe, Middle East, and Africa. The changes took place from March 26, 2018, and as existing contracts allow. The company says the price increase is in response to the continued rise of raw material costs and general expenses including freight costs, etc.
Global Redispersible Polymers Market – Segmentations
For an easy grasp and enhanced understanding, MRFR has segmented the analysis into 4 Key dynamics.
By Types: Comprises – Acrylic, Versatic Acid Redispersible Polymer Powder, and Vinyl Acetate Ethylene among others.
By Applications: Tiling & Flooring, Insulation Systems, Mortars, and Plastering, among others.
By End-Uses: Residential Commercial, and Industrial Construction
By Regions: North America, Europe, APAC and Rest of the World.
Global Redispersible Polymers Market – Geographical Analysis
Globally, Asia Pacific is the largest market for Redispersible Polymers followed by the North America and Europe markets respectively. The APAC market is growing constantly owing to the presence of several notable manufacturers of Redispersible Polymers coupled with the growing demand for the product for tiles & flooring industry, and others in the region. The largest producer and consumer of Redispersible Polymers Asia Pacific region is estimated to register the highest CAGR during the review period. Continuing with the same growth trends such as the emphasis on process and product development coupled with the growing application industries in this region, APAC is likely to retain its dominance in the global Redispersible Polymers market.
The North America market stands the second largest market for Redispersible Polymers owing to the presence of leading manufacturers in the region with the superior product offering. Owing to the increasing use of the product in mortars such as decorative mortars, repair mortars, and skim coats, backed by the consumers’ high per capita income & high standard of living mainly in the US, and Canada, the region is estimated to be the major revenue pocket for the global Redispersible Polymers market by 2023.
The Europe market of Redispersible Polymers is rapidly expanding in the global market. Augmented demand for the product, backed by the growing investments in the end-use industries and the growing consumption of redispersible polymer powder in wall putty, gypsum, cement, and others in some of the European countries like Germany, Italy, France and the UK drives the growth of the regional market. Simultaneously, owing to the stringent rules and regulations implemented by regulatory bodies to follow eco-friendly products in end-uses due to the harmful impact created by spray drying process are encouraging the manufacturers to shift their focus to produce the solvent-free powder. These growing innovations and technological advancements are expected to propel the regional growth during the forecast period.
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