Redispersible Polymer Powder Market Strongly Growing in Asia Pacific Region | Projected to Boost at a CAGR of 7.59% during the Assessment Period 2017-2023

Redispersible Polymer Powder Market
Burgeoning building & construction sector drives Redispersible Polymer Powder 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.

Redispersible Polymer Powder Market Highlights till 2023      

The global redispersible polymer powder market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major portion of the global market and is anticipated to continue its dominance due to the rising demand for acrylic redispersible polymer powder in various applications. Countries such as China, Japan, and India are the major players in this region.

The growing residential and commercial infrastructure in the region is the key factor driving the global market. China is the most promising country in the market, which is closely followed by Japan and India. The market in China valued US$ 328.1 million in 2016 and is expected to grow at a CAGR of 8.47% during the forecast period. Whereas the Indian redispersible polymer powder market is expected to grow at a CAGR of 7.99 %. The developing construction industry in the region has fuelled the demand for tiling and flooring materials, which, in turn positively affecting the demand for redispersible polymer powder in the region.

The North America region is estimated to witness a higher growth in the U.S., Canada, and Mexico owing to the increasing demand for redispersible polymer powder in textiles, cement, and other sectors. The extensive use of redispersible polymer powder in adhesives, exterior, and interior renders has driven the manufacturers to use these materials in the end-use industries due to growing consumer preference and advantages offered by the product. Moreover, it is projected that the implementation of stringent rules and regulations in the major sectors has propelled European region to witness a stagnant growth in Germany, the U.K, and Italy.

 

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Some of the major players functioning in the global redispersible polymer powder  market are

  • Wacker Chemie AG (Germany),
  • The Dow Chemical Company (U.S.),
  • Acquos (Australia),
  • Akzo Nobel N.V. (the Netherlands),
  • Ashland Global Holdings Inc. (U.S.),
  • Hexion Inc. (U.S.),
  • synthomer plc (U.K.), 
  • The Nippon Synthetic Chemical Industry Co., Ltd.  (Japan),
  • Bosson Union Tech (Beijing)
  • BASF SE (Germany) among others.

There are three types of the product manufactured in the market and they are acrylic, vinyl acetate ethylene, versatic acid, and styrene butadiene redispersible powder segments. The rise in the constructional activities and growing demand for the product are the important factors influencing the market positively. Due to these factors, they are used in various applications such as tiles & flooring, mortars, plastering, insulation systems, and others.

Competitive Analysis

The emulsion based product manufactured by spray drying and surface treatment to develop thermosetting resin material is called redispersible polymer powder. This additive is utilized in various end-uses to impart aesthetic appearance, glossy finish, and others to the final product. Moreover, they also provide versatility and reliability to the product.

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Segmentation Analysis

The global redispersible polymer powder market is segregated into the type, application, and end-use. On the basis of the type, the market is further categorized into acrylic, vinyl acetate ethylene, versatic acid redispersible polymer powder, and styrene butadiene polymer powder segments. The acrylic polymer powder segment is most widely used due to its growing consumption in heavy end-use industries such as construction, cement, textiles, and others. Moreover, durability and reliable nature are the major factors behind the popularity of this segment. The increasing use of these materials in mortars, plastering, insulation systems, and others is estimated to drive the market during the assessment period.

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