Redispersible Polymer Powder Market to experience an impressive growth of 6.2 % during 2020-2025
February 03, 2020
Redispersible polymer powder market is likely to witness an impressive CAGR of 6.2% during the forecast period. The rising demand for redispersible polymer powder from various end-use industries, such as residential sector, commercial sector, and industrial sector is driving the market globally.
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Redispersible Polymer Powder Market Segment Insights:
By Type:
Based on the type, the market is segmented as 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, its growing usage in various indoor engagements in the construction sector.
By Application Type
Based on the application type, the market is segmented as 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 revamp of projects.
By End-Use Industry Type
Based on the end-use industry type, the market is segmented as 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.
By Region:
In terms of regions, 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.
By Key Players:
Some of the major players in the redispersible polymer powder market are 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., and Bosson (Beijing) Chemical Co., Ltd.
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- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
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- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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