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Growing adoption of acrylic in the construction sector to favor Redispersible Polymer Powder Market outlook until 2026

05-25-2021 01:13 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Redispersible Polymer Powder Market

Redispersible Polymer Powder Market

Increasing popularity of green buildings is expected to have a significant influence on redispersible polymer powder market size. The construction sector is witnessing robust demand for cementitious mortars, plasters, and renders modified with polymers. Strict government regulations to curb VOC emission levels in the sector is likely to push contractors and builders to adopt eco-friendly materials. A substantial rise in LEED certified green building projects throughout the world could spur RDP demand.

Redispersible polymer powder is obtained by combining several processes like surface treatment and spray drying. It is added to mortars for improving the bonding strength, flexibility, and cohesiveness. It enhances water retention of the mortar and also forms a film to decrease evaporation of water. Redispersible polymer powder applications include use in the modern construction sector as it meets the productivity and technical requirements. Polymer-modified mortars improve flexibility, workability, provides exceptional water retention, good adhesion and flexural strength to many substrates.

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Several new and renovation construction projects are likely to utilize polymer-modified mortars as they offer better operating and are easy to work with. Redispersible polymer powder manufacturers are developing new technologies and products. For example, in 2018, Synthomer discussed its novel high-performance RDP technology for one component waterproofing cementitious materials.

According to Global Market Insights, Inc., the redispersible polymer powder market may register USD 2 billion by 2026. The acrylic redispersible polymer powder market is likely to record around 10% share over the forecast period owing to its wide usage in ceramic tile mortars & grouts, cement coatings, stuccos, and self-leveling underlayment.

Acrylic can be mixed with aggregate cement and other formulation aids to get better exterior durability, adhesion, abrasion resistance, and flexural strength. It requires less water and provides great resistance to UV degradation.

Firms major in acrylic RDP are expanding their production capacity. In 2021, German multinational chemical company, BASF commenced its new acrylic dispersions production line in Malaysia, doubling its capacity for serving the coatings, adhesives, construction, and packaging industries in Asia Pacific.

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In terms of application, the insulation system category could record over 5% CAGR on account of rising demand for different commercial spaces including malls, hospitals, offices, and retail stores. This system is used in external thermal insulation composite system mortars, given its superior water retention properties, open time, and workability.

Geographically, the Europe redispersible polymer powder market is expected to surpass USD 700 million over the stipulated timeframe owing to government-proposed construction initiatives and strong economic conditions. The regional construction industry witnessed a large number of migrants in the past few years. Additionally, the growing population migration is projected to create a tremendous demand for non-residential and residential structures.

On a global scale, companies present in the redispersible polymer powder business are focused on production capacity expansion, competitive pricing, diversification of distribution networks & sales, and mergers & acquisitions to boost their market position. In 2019, Wacker Chemie AG announced the commissioning of a new spray dryer for the making of dispersible polymer powders in South Korea, in an effort to drive the firm’s production capacity in Asia.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/redispersible-polymer-powder-market

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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