Redispersible Polymer Powder Market Trends & Forecast | 2022-2028

Market Insights

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.

Wish to Get a Free Sample? Register Here.

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.

Key Players

Some of the major players in the 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.
• Bosson (Beijing) Chemical Co., Ltd.

Market Drivers

A few other factors are bolstering the demand for redispersible polymer powder. They are -

• The increasing demand for green building applications, such as mortars, plasters, paints, insulation systems, etc., has led to a growing need for re-dispersible polymer powder, which can improve tensile strength, durability, flexibility, and impact resistance.
• By decreasing maintenance costs and providing cost-efficient buildings, this polymer powder has become a vital element in green building construction.

Want to have a closer look at this report. Register Here.

Segments Analysis

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.  

To know which region offers the best growth opportunities, Click Here.

The market is segmented into the following categories. 

By Type

• Acrylic Redispersible Polymer Powder 
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Type Analysis: Styrene Acrylic Redispersible Polymer Powder
• VAE Redispersible Polymer Powder
• VEOVA Redispersible Polymer Powder
• SB Redispersible Polymer Powder

By Application Type

• Tiling & Flooring
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Application Type Analysis: Tile Grouts, Tile Adhesives, and Tile Self-Levelling
• Mortars
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Application Type Analysis: Repair Mortars, Decorative Mortars, Skim Coats, and Waterproofing Mortars
• Plastering
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Application Type Analysis: Wall Putty, Gypsum, Cement, and Lime Plasters, Screeds
• Insulation Systems
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Application Type Analysis: Thermal Insulation Systems and EIFS Systems
• Others
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Application Type Analysis: Paints and Sealing Slurries

By End-Use Industry Type

• Residential Construction
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • End-Use Industry Type Analysis: Light Residential Sector and Heavy Residential Sector
• Commercial Construction
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • End-Use Industry Type Analysis: Retail Buildings, Office Buildings, and Others
• Industrial Construction
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • End-Use Industry Type Analysis: Industrial Buildings and Industrial Infrastructure

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

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.

Report Features

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.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: 

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.