Redispersible Polymer Powder Market Size, Trends, Forecast to 2029 | Key Players –Hexion Inc, Acquos, Wacker Chemie AG, Bosson Union Tech, Ashland Global Holding
Redispersible polymer powders are emulsions converted to thermoplastic resin materials by a variety of processes such as spray drying, surface treatment, and high temperatures and pressures. These emulsions can function as additives when added to new mixtures. The global redispersible polymer powder market report compiled by analysts at Market Research Future (MRFR) contains a list of drivers, challenges, and opportunities.
Market Outlook
The global redispersible polymer powder market is poised to reach a stellar size of USD 2,378.2 million by 2023. It can exhibit a CAGR of 6.6% from 2018 to 2023 (forecast period). The investment in residential and commercial infrastructural projects is one of the most pertinent growth drivers of the market. Smart city initiatives by developing economies and the resurgence of the real estate sector in developed economies are likely to augur favorably for the market.
The growing per capita income of consumers as well as the application of redispersible polymer powder in tiling & floorings can inflate the market valuation by a considerable extent. But volatile raw material prices and challenges in spray treatment can pose a challenge to the market growth.
Segmentation Analysis
The global redispersible polymer powder market is segmented by type, application, and end-use industry.
By type, it is segmented into VeoVa redispersible polymer powder, acrylic redispersible polymer powder, styrene butadiene redispersible polymer powder, vinyl acetate-ethylene redispersible polymer powder, and others. The acrylic redispersible polymer powder segment can dominate till the end of the forecast period due to its inclusion in the formulation of high-performance dry-mix finishings. The powder offers UV stability and water resistance to the finished coats. In addition, it can be used in the production of tile adhesives, joint fillers, and grouts. On the other hand, the vinyl-acetate-ethylene redispersible polymer powder segment can display growth at 7.50% CAGR over the assessment period.
Sample link — https://www.marketresearchfuture.com/sample_request/5274
Competitive Analysis
Major industry participants in the global redispersible polymer powder market include Divnova Specialities, Hexion Inc, Acquos, Wacker Chemie AG, Bosson Union Tech, Ashland Global Holding, Organic Kimya, BASF SE, Puyang Yintai Industrial, Benson Polymers Limited, Akzo Nobel N.V., The Dow Chemicals Company, Synthomer Plc, and Dairen Chemical Corporation.
By application, it is segmented into insulation systems, tiling & flooring, mortars, plastering, and others. The tiling & flooring segment accounted for 35% market share in 2016 with a value of USD 538 million followed by the mortars segment. It is touted to generate revenue for the global redispersible polymer powder market at a CAGR of 7.24% during the forecast period. However, the insulation systems segment can display a CAGR of 7.28% during the aforementioned period.
By end-use industry, it is segmented into industrial construction, residential construction, and non-residential construction.
Speak to Analys — https://www.marketresearchfuture.com/ask_for_schedule_call/5274
Regional Analysis
Asia Pacific (APAC), North America, Latin America, Europe, and the Middle East & Africa (MEA) are regions taken into consideration in the compilation of the global redispersible polymer powder market report.
The APAC region had a large market share in 2016 and may exhibit a CAGR of 7.59% during the forecast period. China is expected to be the biggest contributor of the region and had generated a demand of 80.88 kilotons in 2016. The rise in foreign direct investment (FDI) and rapid urbanization in developing economies are two of the biggest drivers of the region. Japan can generate demand at 6% CAGR during the assessment period.
Request for Customization https://www.marketresearchfuture.com/ask_for_customize/5274
The Europe redispersible polymer powder market valuation can expand to USD 381 million by 2023 by exhibiting a CAGR of 5.99% during the assessment period. Germany and Italy can contribute the maximum to the market, while Poland has high market potential. Massive demand for tile adhesives can drive the regional market size.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Comments
Post a Comment