Global Redispersible Polymer Powder market expected to grow at 2,378.2 million in revenue by 2023 published by leading research firm
According to MRFR analysis, the global redispersible polymer powder market is projected to register a significant growth during the forecast period. The increasing investments in residential as well as commercial infrastructure are likely to favor the growth of the market. As a result, the rising per capita income in the emerging economies is expected to fuel the growth of the global market. Moreover, the growing demand for the product in tiling & flooring applications in the construction industry is further expected to propel the market growth during the review period.
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The global redispersible polymer powder market is projected to reach USD 2,378.2 million by the end of 2023 and is expected to register a CAGR of 6.66% during the review period.
FIGURE 1 Global Redispersible Polymer Powder Market, by Application 2016 (%)
The global redispersible polymer powder market has been studied with respect to five key regions?North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific held the market share in 2016 and is projected to grow at a CAGR of 7.59% during the review period. China was the largest regional market and accounted for the market volume of 80.88 kilotons in 2016. As per our analysis, the growing investment in the residential and commercial sector is the key factor driving the growth of the regional market.
Moreover, the increasing foreign direct investment coupled with rapid urbanization are the other factors propelling the growth of the Asia-Pacific market. Japan is expected to be the second largest market and is likely to register a CAGR of 6% during the forecast period. The European redispersible polymer powder market is projected to be the second largest regional market growing at a CAGR of 5.99% and market value of over USD 381 million by the end of 2023. Germany, Poland, and Italy are the major countries contributing to the growth of the European market. The rising inclination towards green building along with the growing construction industry are the major factors favoring the growth of the European market.
The redispersible polymer powder market is segmented on the basis of type, application, end-use industry, and region. By type, the market has been divided into acrylic redispersible polymer powder, vinyl acetate-ethylene redispersible polymer powder, veova redispersible polymer powder, styrene butadiene redispersible polymer powder, and others. Tiling & flooring, plastering, mortars, and insulation systems, among others, are the major application segments of the global redispersible polymer powder market. Based on the end-use industry, the market has been categorized into residential construction, non-residential construction, and industrial construction. On the basis of the region, the global market has been studied with respect to North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Some of the key players operating in the global redispersible polymer powder market are Wacker Chemie AG (Germany), The Dow Chemical Company (US), Acquos (Australia), Akzo Nobel NV (Netherland), Ashland Global Holding (US), Hexion Inc (US), Synthomer Plc (UK), Bosson Union Tech (China), BASF SE (Germany), Puyang Yintai Industrial (China), Benson Polymers Limited (India), Dairen Chemical Corporation (China), Organic Kimya (Turkey), and Divnova Specialities (India).
The report covers a brief analysis of geographical region such as:
> North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
> Latin America
o Rest of Latin America
> Middle East & Africa
o Saudi Arabia
o Rest of the Middle East & Africa
> Global redispersible polymer powder market is expected to reach USD 2,378.2 million by the of 2023 at a CAGR of 6.66%.
> The European market accounted for second largest market share of 25% in 2016 and is projected to grow at a CAGR of 5.99% during the forecast period.
> Country-wise, China was the largest market which registered the volume of 80.88 kilotons in 2016.
> Based on application, tiling & flooring segment held the largest market share in 2016 and the insulation system segment is set to expand at the highest CAGR.
> Asia-Pacific is expected to be the highly focused market for key industry participants over the assessment years. Increasing industrial investments, growing construction industry, and rapid industrialization in the region is likely to provide lucrative opportunities in the redispersible polymer powder market.
> Redispersible polymer powder manufacturers
> Traders and distributors of redispersible polymer powder
> Production process industries
> Potential investors
> Raw material suppliers
> calcium carbonate powder
> redispersible powder
> super absorbent polymer
> poly aluminum chloride
> polyethylene wax
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Table of Content
1 Report Prologue
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Impact Analysis
4.1.1 Boom in residential construction activity
4.1.2 Increasing non-residential construction activity
4.1.3 Growing tile market
4.2.1 Volatility of raw material prices & challenges in spray drying
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.1.1 Polymer Dispersion Suppliers
5.1.2 Redispersible Polymer Powder Manufacturer
5.1.3 Redispersible Polymer Powder Distributors
5.1.4 Redispersible Polymer Powder End-Users
5.2 Porter’s Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Threat of Rivalry
5.2.3 Threat of Substitute
5.2.4 Bargaining Power of Supplier
5.2.5 Bargaining Power of Buyer
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