Redispersible Polymer Powder Market to offer a healthy CAGR of 6.2% during 2020-25
February 17, 2020
Redispersible Polymer Powder Market Overview:
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.
Report Overview:
This new report from Stratview Research analyses the Redispersible Polymer Powder Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Redispersible Polymer Powder Market Segment Insights:
Type: acrylic redispersible polymer powder, VAE redispersible polymer powder and others
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.
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Application Type: tiling & flooring, mortars and others
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.
End-Use Industry Type: residential construction, commercial construction, and industrial construction
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.
A highly/moderately/fragment consolidated Market
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.
Region: Asia-Pacific is leading the redispersible polymer powder market
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.
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