Redispersible Polymer Powder Market Size to Expand Significantly by the End of 2028 [news]
Stratview Research has published a new report titled “Redispersible Polymer Powder Market” which is segmented by Type (Acrylic Redispersible Polymer Powder, VAE Redispersible Polymer Powder, VEOVA Redispersible Polymer Powder, and SB Redispersible Polymer Powder), by Application Type (Tiling & Flooring, Mortars, Plastering, Insulation Systems, and Others), by End-Use Industry Type (Residential Construction, Commercial Construction, and Industrial Construction), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market was expected to rich USD 3.52 Billion by 2028 from USD 2.22 Billion in 2021 at a CAGR of 6.74% during the forecast period (2022-2028).
Redispersible polymer powder is mainly a polymer emulsion that is converted into a thermoplastic resin of powdered nature through processes such as spray drying, surface treatment, high pressure, and high temperatures. Redispersible polymer powder is added to the mortar to increase cohesion, flexibility, and cohesiveness of the mortar.
Redispersible polymer powder is used in several mortars and similar materials. The powder is used in several areas such as tiling, flooring, mortars, plastering, insulation systems, and others.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Type Trends
The market is segmented into 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, and its growing usage in various indoor engagements in the construction sector.
Application Trends
The market is segmented into 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 revamping of projects.
End-Use Industry Trends
The market is segmented into 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.
Which Region is expected to remain the largest market?
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.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Redispersible Polymer Powder Market:
• 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.
Key questions answered by the report.
• What is the projected CAGR for revenue from the Redispersible Polymer Powder Market during the forecast period?
• What would the market be valued at by 2028?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Redispersible Polymer Powder Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
As per the study, the market was expected to rich USD 3.52 Billion by 2028 from USD 2.22 Billion in 2021 at a CAGR of 6.74% during the forecast period (2022-2028).
Redispersible polymer powder is mainly a polymer emulsion that is converted into a thermoplastic resin of powdered nature through processes such as spray drying, surface treatment, high pressure, and high temperatures. Redispersible polymer powder is added to the mortar to increase cohesion, flexibility, and cohesiveness of the mortar.
Redispersible polymer powder is used in several mortars and similar materials. The powder is used in several areas such as tiling, flooring, mortars, plastering, insulation systems, and others.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Type Trends
The market is segmented into 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, and its growing usage in various indoor engagements in the construction sector.
Application Trends
The market is segmented into 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 revamping of projects.
End-Use Industry Trends
The market is segmented into 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.
Which Region is expected to remain the largest market?
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.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Redispersible Polymer Powder Market:
• 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.
Key questions answered by the report.
• What is the projected CAGR for revenue from the Redispersible Polymer Powder Market during the forecast period?
• What would the market be valued at by 2028?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Redispersible Polymer Powder Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
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