Redispersible Polymer Powder Market to Reach US$ 2.65 Bn by 2026 – KSU
The global market for redispersible polymer powders is expected to see an upswing during the evaluation period due to the booming business in the construction industry. Due to the increased use of construction chemicals such as plaster, gypsum, adhesives, tiles, grout and mortar, redispersible polymer powder is likely to experience escalated demand in the forecast period. The product helps to improve the physical properties required for the construction of structures and buildings. It also helps in improving surface aesthetics along with abrasion resistance and increased leveling.
Henan Botai Chemical Building Materials Co., Ltd., Dow Chemical Company, Joyforce Chemical Industrial Co., Ltd., Polymers International (pvt.) Ltd., AkzoNobel Functional Chemicals and Wacker Chem dh AG are some of the most renowned companies in global redispersible polymer Powder market.
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A comprehensive report on the global Redispersible Polymer Powder Market has been prepared for the reporting period 2018 to 2026. The report estimates that the worldwide redispersible polymer powder market is expected to grow in importance and reach $ 2.65 billion by 2026.
North America will make up a large part of the market in the coming years
Due to the regional segmentation, North America is likely to account for a large portion of the global market for redispersible polymer powders during the evaluation period. The North American market for redispersible polymer powders is expected to be driven by the booming construction industry in the United States.
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The Asia-Pacific region is likely to account for a smaller share of the global market for redispersible polymer powders in the period from 2018 to 2026. Despite such a dire scenario in the Asia-Pacific region, India is likely due to the booming construction business in the country. In Europe, the UK is likely to outperform Germany in terms of its share of the global market for redispersible polymer powders.
Increased demand from various end uses to offer lucrative opportunities
Redispersible polymer powder refers to a type of polymer emulsions made by a number of processes such as spray drying and surface treatment of thermoplastic resin materials in powder form. These powders are able to redisperse in brand new emulsions that have properties similar to the original copolymer emulsions. This happens after the treatment with water.
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The global market for redispersible polymer powders is expected to derive significant benefits from its widespread use in mortar mixes. Redispersible polymer powder gives the mortar various useful properties such as cohesion, flexibility and increased cohesiveness. In addition, redispersible polymer powder can improve the water retention properties of mortar. It also helps in strengthening the adhesion of mortar. Redispersible polymer powder is not only used in mortar, but is also widely used in various other applications, for example as an agglutinating agent in white cement and talcum powder in the manufacture of interior or exterior wall putty. Such diverse applications are expected to offer the global market for redispersible polymer powders numerous growth opportunities in the coming years.
The information contained in this overview is based on a TMR report entitled “Redispersible Polymer Powder Market (Polymer – Acrylic, Vinyl Acetate Ethylene, Vinyl Ester with Versatic Acid and Styrene Butadiene; Application – Mortars and Cements, Tile Adhesives and Grout, Insulation and Surface Treatment Systems, Plaster and Self-Leveling Mat (End Use – Residential and Non-Residential Buildings) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 to 2026