Spunbond Nonwoven Market To Observe Exponential Growth By 2021-2028 | Wacker Chemie AG (Germany), Akzo Nobel N.V.(Netherland), Acquos (Australia), Hexion Inc (U.S.)
Overview:
The redispersible
polymer powder market would reach a valuation of USD 2378.2 million during the
forecast period (2018-2023) with a 6.66% CAGR. Market Research Future (MRFR),
in their recent report on the same, revealed various opportunities that would
boost the market expansion.
The production of
tiles adhesives, mortars, insulating systems, and others would boost the
expansion of redispersible polymer powder market. This is getting bolstered by
the urbanization and rising disposable income, which have triggered growth in
residential and nonresidential constructions. The insulation segment may
register 7.28% CAGR during the forecast period.
Segmentation:
The global report
on the redispersible polymer powder market can be studied on the basis of a
segmentation that relies on type, application, and end user industry. These
segments include details about various steps of the market, which would help in
a better understanding of the market.
By type, the report
in the redispersible polymer powder market includes vinyl acetate-ethylene
redispersible polymer powder, acrylic redispersible polymer powder, styrene-butadiene
redispersible polymer powder, veova redispersible polymer powder, and others. The
vinyl acetate-ethylene redispersible polymer powder would record 7.5% CAGR
during the forecast period.
By application, the
report on the redispersible polymer powder market can include plastering,
mortars, insulation systems, tiling & flooring, and others. In tiling &
flooring, the market is expected to gain substantial growth opportunities.
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By end user, the
report on the redispersible polymer powder market can be segmented into nonresidential
construction, residential construction, and industrial construction. The
residential construction segment would boost the growth of the market.
Regional Analysis:
The global market
for redispersible polymer powder would be guided ahead by Asia Pacific as per
the predictions made by MRFR. This would be governed mainly by China. However, the
recent outbreak of Coronavirus COVID 19 would hold back growth in the region as
several provinces in the country have been locked down by authorities. In 2016,
China had a production of 80.88 kilotons. This happened due to the growth in
residential and commercial sector construction. Japan would register the
fastest growth rate. It is predicted to exhibit a 6% CAGR during the forecast
period.
Europe had a
valuation of USD 381 million and would record growth by 5.99% during the
forecast period. This growth would be backed by increasing demand for green
buildings and tile adhesives. Poland could surpass other countries in terms of
growth rate. The construction industry would trigger growth in the European
market.
In North America,
top-class industrial infrastructure in the US and Canada would generate demand
for redispersible polymer powder. In certain sections, the real estate market
is going down owing to which growth would be difficult.
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Competitive Landscape:
The global market
for redispersible polymer powder is expecting a boost from the strategic
developments in various companies like The Dow Chemicals Company (U.S.), Wacker
Chemie AG (Germany), Akzo Nobel N.V.(Netherland), Acquos (Australia), Hexion
Inc (U.S.), Ashland Global Holding (U.S.), BASF SE (Germany), Synthomer Plc
(U.K), Bosson Union Tech (China), Dairen Chemical Corporation (Taiwan), Benson
Polymers Limited (India), Organic Kimya (Turkey), Puyang Yintai Industrial
(China), and Divnova Specialities (India). These companies would take measured
steps relying on various expenditures in research and development, acquisition,
merger, and others.
Industry News:
In January 2020,
Celanese announced that they have agreed to take over Nouryon’s redispersible polymer
powder business that was doing the rounds in the market under the brand name of
Elotex. This would help the former to increase their reach in regions like
Europe and Asia. The expected time for the completion of this transaction is
the second quarter of 2020.
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