Redispersible Polymer Powder Market Research Report – Forecast to 2030

Redispersible Polymer Powder Market Information: By Type (Styrene Butadiene Dispersible), By Application (Tiles and Flooring, Insulation System), By End-Use (Residential Construction) - Global Forecast till 2030

ID: MRFR/CnM/3836-CR | May 2018 | Region: Global | 138 pages

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Redispersible Polymer Powder Market Overview

In 2020, the global redispersible polymer powder market value is registered as USD 1.52 billion and is expected to exhibit a significant CAGR of 5.77% with a redispersible market size of USD 2.39 billion during the forecast period (2021-2028).


The name Redispersible Polymer Powder represents free-flowing. The white powder is produced by applying high temperatures and pressures, spray drying, and surface treatment to powdered thermoplastic resin materials. By the method like atomizing the aqueous polymer dispersions into a stream of hot air to form free-flowing powders, polymer emulsions are processed and delivered into redispersible polymer powder.


COVID-19 Analysis:


Due to the COVID-19 outbreak, most of the business sectors are drastically impacted. The corona cases were increasing day-by-day all over the world which makes the people decline physically, mentally, and financially. To curb the spread of the virus, most of the emerging countries are implementing strict regulations like lockdown, transportation bans, manufacturing sector off, public services shut down, and many more. Travel and transport restrictions decreased the use of refrigerants in automobiles along with fewer automobile sales over the period.


This market is also brutally impacted by the pandemic. Due to the lockdown, the redispersible polymer powder market manufacturers are facing challenges like supply chain disruptions, lack of raw materials, and shortage of manpower which leads to a halt the production. Hence due to temporary lockdown there was a decline in the demand. Various prominent companies are trying to bolster their supply chains and escalate the operations to control future losses. Moreover, by lifting the lockdown across countries and the corona cases under control, the global market rapidly boosts the demand for their products.


Market Dynamics:


Opportunities:


A growing number of green building applications including mortars, plasters, architectural paints, and insulating systems which help in accelerating tensile strength, durability, flexibility, and impact resistance. This polymer powder decreases the cost of maintenance and provides cost-efficient buildings. Hence these factors make the strong appeal of redispersible powder in green building construction.


Challenges:


Stringent regulations and environmental policies are imposed by the emerging countries government bodies on VOC like Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), European Union (EU), Globally Harmonized System(GHS), and Environmental Protection Agency (EPA) apply significant challenges to the market.


Study Objectives -



  • To provide detailed information about the redispersible polymer powder market structure along with various forecast segments and subsegments for the next 10 years.

  • To provide the factors that are affecting the growth of the redispersible polymer powder market value.

  • To analyze the redispersible polymer powder market industry analysis based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.

  • To provide history and forecast revenue segments and sub-segments of the redispersible polymer powder market revenue for the main geographies.

  • To provide the country-level analysis of the current redispersible polymer powder market size and future prospective.

  • To provide country-level analysis of the redispersible polymer powder market growth by region, form, and application.

  • To provide a strategic profile of the prominent key players in the market, analyze their core competencies, and draw a global redispersible polymer powder market growth landscape.

  • To track and analyze new product developments, strategic alliances, and global redispersible polymer powder market research.


Segment Overview:


This global market has been divided into segments based on type, application, end-use industry, and region.


Based on Type


The global redispersible polymer powder market based on the type is classified into four types as acrylic redispersible polymer powder, vinyl acetate-ethylene redispersible polymer powder, Veova redispersible polymer powder, styrene-butadiene redispersible polymer powder, and others. Out of these types, acrylic redispersible polymer powder is leading the market for its extensive applications in the production of joint filters, cementitious tile adhesives, and grouts. This type has superior benefits like high hydrolysis resistance, significant chemical stability, and enhanced water resistance. Moreover, vinyl acetate-ethylene redispersible polymer powder is securing the fastest growth rate of over 7.50%. 


Based on Application


By application, the global market is categorized into four types of applications like tilling & flooring, plastering, mortars, insulation systems. Since 2016, the tiling and flooring segment is leading the market and is expected to continue its dominance in the future too. In 2016, the tile & flooring segment market value is registered as USD 533.8 million and is predicted to grow at a CAGR of 7.24% during the forecast period. The mortars segment is holding the second leading application and the insulation system is expected to gain the fastest rate of more than 7.28% in the review period.


Based on End-use Industry


The global market by end-use industry is trifurcated into residential construction, non-residential construction, and industrial construction. Out of these industries, the residential segment is dominating the market for the growing urbanization rate across emerging countries. The rise in residential construction leads to propel the growth avenues of the roofing market that extensively uses redispersible polymer powder. Additionally, government bodies are supporting construction activities that grant tax benefits and subsidies is boosting the growth of the residential construction segment.


Based on Region


Region-wise, globally, this market is divided into five main geographies like Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. Among these regions, the Asia-Pacific region is leading the market and is expected to exhibit a significant rate of 7.59% during the assessment period. This growth is attributed due to the rising foreign direct investments and the fast rate of urbanization. 


Regional Analysis -


Geographically, this market is analyzed into five major regions like North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. Out of these regions, the Asia-Pacific region is dominating the highest redispersible polymer powder market share of 7.59% during the review period. China is the leading position for huge investments in the residential and commercial sector. The growing foreign direct investments and the fast rate of urbanization are boosting the market in this region. Apart, Japan emerges as the second-largest market in this region for an increasing number of manufacturers striving to solidify their distribution channels and presence in the country.


Europe is expected to grow as the second-largest lucrative market value at USD 381 million with a growth rate of 5.9% CAGR with the presence of Germany and Italy. Due to the rising focus on green buildings and the thriving construction industry, Poland is predicted to capture the highest growth rate. The surge in the tile adhesive sector, growing spending on renovation, and repair and new construction projects are escalating the global market in this region.


Competitive Landscape


The prominent key players in this market outlook are the following:



  • Divnova Specialities (India)

  • Akzo Nobel N.V (Netherlands)

  • Ashland Global Holding (U.S)

  • Hexicon Inc (U.S)

  • Synthomer Plc (UK)

  • Wacker Chemie AG (Germany)

  • Puyang


Recent Developments



  • In April 2020, the highly populated Celanese Corporation decided to acquire Elotex’s range of redispersible polymer powder which improves the sustainability quotient of the building materials. Celanese got success in owning the worldwide production units for these polymer powders across Asia and Europe coupled with every product under Elotex’s portfolio along with its commercial facilities, technology, and customer agreements.

  • In June 2020, one of the leading enterprises, Celanese Corporation introduces the advanced Elotex range, Elotex FX 1000. This latest powder is based on vinyl versatile and copolymer vinyl acetate and helps in boosting the performance and quality of flexible, high-class, cementitious tile adhesives. This Elotex FX1000 also exhibits impressive eco-friendliness by helping the end-use industries to design the tile adhesives according to the strict environmental regulations about dry mortars.


Report Overview:


This global market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the market drivers, restraints, challenges, and opportunities. The market forecast is segmented based upon the end-use industry, type, region, and applications. The detailed analysis provided in this report gives in-depth market insights to everyone willing to know about such details.


Segmentation Table


The market trends have been segmented globally based on the type, application, end-use industry, and region.


By Type


Acrylic redispersible polymer powder, vinyl acetate-ethylene redispersible polymer powder, Veova redispersible polymer powder, styrene-butadiene redispersible polymer powder, and others.


By Application


Tilling & flooring, plastering, mortars, insulation systems


By End-use Industry


Residential construction, non-residential construction, and industrial construction.


By Region


Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in this market.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2023: USD 2,378.2 Million
  • 2030: Significant Value
  •   CAGR   6.66% (2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, Application and End-Use
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Divnova Specialities (India), Akzo Nobel N.V.(Netherland), Ashland Global Holding (U.S.), Hexion Inc (U.S.), Synthomer Plc (U.K), Wacker Chemie AG (Germany), Puyang Yintai Industrial (China), Acquos (Australia), The Dow Chemicals Company (U.S.), Benson Polymers Limited (India), BASF SE (Germany), Dairen Chemical Corporation (Taiwan), Organic Kimya (Turkey), Bosson Union Tech (China)
      Key Market Opportunities   Rising Popularity of Green Buildings to Offer Remarkable Opportunities
      Key Market Drivers   Soaring Construction Projects to be a key Growth Inducing Factor


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    Frequently Asked Questions (FAQ) :

    The global redispersible polymer powder market is expected to grow to more than USD 2.3 billion by 2023.

    The market is expected to exhibit a strong 6.66% CAGR over the forecast period from 2017 to 2023.

    Growing use of redispersable polymer powder in tile and flooring applications is the major driver for the market.

    Asia Pacific is the largest regional market due to the growing construction industry in the region.

    Leading players in the global redispersible polymer powder market include Acquos, Wacker Chemie, and Dow, among others.