22-Dec-16 The redispersible polymer powder market is projected to reach US$2.61 bln by 2026, at a CAGR of 4.9% from 2016 to 2026, as per Research and Markets. The redispersible polymer powder market has witnessed high growth in the recent years, and this growth is projected to persist in the near future owing to increased repair, maintenance, and renovation activities in the residential, commercial and industrial construction end-use industries.
Acrylic is the largest type segment of redispersible polymer powders due to its properties such as, water repellence, high workability, durability, and flexibility. The VAE chemistry type is the fastest-growing segment of the redispersible polymer powder market, in terms of volume owing to its affordable price and its increasing use in indoor construction applications in the construction industry.
The varied applications of redispersible polymer powders include tiling & flooring, mortars, plastering, insulation systems, and other applications such as, paints & sealing slurries. Tiling & flooring is the largest and fastest-growing application segment in the redispersible polymer powder market, in terms of value and volume, owing to the increasing consumption of redispersible polymer powders in aesthetically attractive tiles, renovation projects, and the maintenance of tiling & flooring.
On the basis of end-use industry, the redispersible polymer powder market has been segmented into, residential construction, commercial construction, and industrial construction end-use industries. The residential construction end-use industry is the largest owing to the increasing residential building projects being constructed to meet the housing needs of the population. Industrial construction is the fastest growing end-use industry due to the increasing use of redispersible polymer powders in power plant construction, manufacturing plant construction, and other industrial buildings.
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