The Global Redispersible Polymer Powder Market accounted for US$2.11 bln in 2016 and isprojected to grow at a CAGR of 5.3% from 2017 to 2024, as per Data Bridge Market Research. The market is expected to grow rapidly over the planned period. The number of users is increasing every day, with increasing values for sales, imports, exports, income and CAGR.
A redispersible powder is by definition a polymer in a powdered form that can be redispersed by adding water to it. The resulting emulsion will fulfill the functionality of a polymeric dispersion binder, normally within a cementitious or gypsum based system. Redispersible polymer powders are polymer emulsions which have been converted by a series of process such as high temperatures and pressures, spray drying and surface treatment to powdered thermoplastic resin materials. When mixed with water, these powdered organic binders can redisperse in water back into new emulsions with essentially identical properties to the original copolymer emulsions. It has its wide application in tiling & flooring, mortars, plastering, insulation systems. Growing demand from construction end-use industry, and increase in residential housing projects may act as the major driver in the growth of redispersible polymer powders. On the other side, higher risks associated with spray drying production process may hamper the market.
Major market drivers and restraints include:
Growing demand from construction end-use industry
Increase in residential housing projects
Increased spending on repair and maintenance
Higher risks associated with spray drying production process
Some of the major players in global Redispersible polymer powder market include Wacker Chemie AG, The Dow Chemical Company, Akzo Nobel N.V., BASF SE, Acquos, Ashland, yintai-cn, Bosson Union Tech(Beijing) Co.,Ltd, synthomer plc, Hexion, The Nippon Synthetic Chemical Industry Co., Ltd., Benson Polymers Limited, DCC, Organik Kimya, Divnova Specialties Pvt. Ltd., and others. The Global Redispersible Polymer Powder Market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Segmentation on the basis of type: Acrylic redispersible polymer powder, vae redispersible polymer powders, veova redispersible polymer powder, and sb redispersible polymer powder. The acrylic redispersible polymer powder segment is sub segmented into styrene acrylic redispersible polymer powder.
Segmentation on the basis of application: Tiling & flooring, mortars, plastering, insulation systems, and others. The tiling & flooring segment is sub segmented into tile grouts, tile adhesives, and self-levelling.
The mortars segment is sub segmented into repair mortars, decorative mortars, skim coats, and waterproofing mortars. The plastering segment is sub segmented into sodium perborate, and sodium percarbonate. The organic derivatives segment is sub segmented into wall putty, gypsum, cement, and lime plasters, and screeds. The insulation system segment is sub segmented into Thermal Insulation Systems, and EIFS Systems. The others segment is sub segmented into Paints, and sealing Slurries.
On the basis of end-user: Residential construction, commercial construction, and industrial construction. The residential construction segment is sub segmented into light residential sector, and heavy residential sector. The commercial construction segment is sub segmented into retail buildings, office buildings, and others. The industrial construction segment is sub segmented into industrial buildings, and industrial infrastructure.