Redispersible Polymer Powder Market Analysis, Size, Share, Growth, Trends and Forecast | Top Companies, Trends, Growth Factors Details for Business Development

Redispersible Polymer Powder Market Highlights till 2023

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.

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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 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.

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 global redispersible polymer powder market is a mature market, which is comprises of a significant number of tier 1 manufactures. Most of the market participants are holding sizeable share of this market. Yet, the majority of the market share is held and dominated by the leading six companies namely Wacker Chemie AG, Akzo Nobel N.V., Dairen Chemical Corporation, Bosson Union Tech (Beijing) Co.,Ltd., Organic Kimya, and Puyang Yintai Industrial TradingCompany Ltd. The leading companies are primarily adopting the various strategic measures such as capacity expansion, selling off the facilities, supply agreements, merger & acquisition, new product development, and increasing their annual production capacity.

These measures are being undertaken by the aforementioned firms to match the ongoing and anticipated rise in the demand for the product, attain targeted revenue and gain a considerable share of this market. As per our analysis, the global redispersible powder market is steadily moving towards growth consolidation, which is mainly contributed to the vast growth potential exhibited by the major regions such as Asia Pacific on the backdrop of numerous key end users present in this region.

Other important players operating in this market are The Dow Chemical Company, Acquos, Ashland Global Holdings Inc., Hexion Inc., Synthomer Plc, BASF SE, Benson Polymers Limited, and Divnova Specialties Pvt. Ltd. None of these leading players are concentrated in one particular geographic region but are dispersed in all the five key regions namely, Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America. However, Europe and North America have more number of leading market players.

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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This release was published on openPR.