The Redispersible Polymer Powder Market is expected to rich USD 3.52 Billion by 2028 from USD 2.22 Billion in 2021 at a CAGR of 6.74% during the forecast period of 2022-2028.
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What is redispersible polymer powder?
Redispersible polymer powder is mainly a polymer emulsion that is converted into a thermoplastic resin of powdered nature through processes such as spray drying, surface treatment, high pressure, and high temperatures. Redispersible polymer powder is added to the mortar to increase cohesion, flexibility, and cohesiveness of the mortar.
Redispersible polymer powder is used in several mortars and similar materials. The powder is used in several areas such as tiling, flooring, mortars, plastering, insulation systems, and others.
Redispersible Polymer Powder Market Features
Market Size in 2021
US$ 2.22 Billion
Market Size in 2028
US$ 3.52 Billion
Market Growth by 2022-2028
CAGR of 6.74%
Base Year of Study
2021
Trend Period
2017-2020
Forecast Period
2022-2028
Dominant Region
Asia-Pacific is leading the market.
Segments Covered
By Type (Acrylic Redispersible Polymer Powder, VAE Redispersible Polymer Powder, VEOVA Redispersible Polymer Powder, and SB Redispersible Polymer Powder)
By Application Type (Tiling & Flooring, Mortars, Plastering, Insulation Systems, and Others)
By End-Use Industry Type (Residential Construction, Commercial Construction, and Industrial Construction)
By Region (North America, Europe, Asia-Pacific, and the Rest of the World).
Some of the major players in the market are-
A few other factors are bolstering the demand for redispersible polymer powder. They are -
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Type Trends
The market is segmented into 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, and its growing usage in various indoor engagements in the construction sector.
Application Trends
The market is segmented into 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 revamping of projects.
End-Use Industry Trends
The market is segmented into 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.
Regional Analysis
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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The market is segmented into the following categories.
By Type
By Application Type
By End-Use Industry Type
By Region
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Report – Features
Market Segmentation
04
Regions Covered
04
Countries/Sub-Regions Covered
14
No. of Figures & Tables
>120
Company Profiles
10
The following are the key features of the report:
The following is a list of the customers that the market aims to convert the most:
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