Rising demand in green buildings is driving the Redispersible Polymer Powder Market
Search through 187 market data tables and 48 illustrations on 199 pages and a detailed table of contents on the topic of “Market for Redispersible Polymer Powders”.
Market for redispersible polymer powders by type (VAE, VeoVa, Acryl, SB), application (tiles and floor coverings, mortar, plaster, insulation systems), end-use industry (residential, commercial, industrial) and region
The market for redispersible polymer powders is projected to grow from $ 2.0 billion in 2020 to $ 2.8 billion in 2025, with an annual growth rate of 6.8% from 2020 to 2025. The market is growing due to Factors such as the increasing construction industries in emerging countries and the strict regulations on energy conservation in residential and commercial buildings around the world. The increased expenses for repair and maintenance in this industry are also driving the market. The recovering end-use industry in Europe and the increasing importance of environmentally friendly buildings are expected to offer high growth opportunities for the market for redispersible polymer powders during the forecast period.
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Rising energy costs and changing environmental regulations related to construction have resulted in a high demand for energy efficient and cost efficient buildings. The environmentally friendly building technology uses environmentally friendly resources in the entire life cycle of buildings and makes them cost-efficient due to the optimal use of resources. Redispersible polymer powder is widely used in various green building applications such as mortar, plaster, insulation systems and architectural paints to increase durability, tensile strength, impact resistance and flexibility. It also helps minimize maintenance costs, resulting in cost-effective buildings. These factors have increased the attractiveness of environmentally friendly redispersible polymer powder with negligible VOC emissions, especially for use in environmentally friendly construction.
Asia Pacific is the largest and fastest growing region in the redispersible polymer powder market
The Asia-Pacific region is the largest and fastest growing region in the redispersible polymer powder market due to increased investment and infrastructure projects from the region’s emerging economies such as China and India. India and China are likely to increase their construction spending over the forecast period, further fueling the Asia-Pacific market. Countries like Indonesia and Vietnam are continuously investing in the residential, commercial and industrial end-use industries to develop roads, bridges, residential buildings, affordable housing, water networks and pipelines. The private sector also saw high levels of investment in these countries, which led to growth in the end-use industry in construction, which would further benefit the market for redispersible polymer powders.
- In June 2020, Celanese Corporation introduced Elotex FX1000, a new addition to their Elotex series. The newly added redispersible polymer powder is based on a copolymer of vinyl acetate and vinyl versatate. It is used to enhance the performance of high quality, flexible cementitious tile adhesives. The new product has excellent environmental compatibility and enables the end user to formulate tile adhesives in accordance with the strict requirements for environmental labeling for dry mortar.
- In March 2020, Wacker Chemie AG launched its first dispersible polymer powder based on renewable energies for construction applications. Under the brand name VINNECO, the company’s portfolio for redispersible polymer powder products has been expanded to include a new product line of polymeric binders based on bio-based renewable raw materials such as acetic acid. The new redispersible polymer powder VINNECO 5044 N is mainly suitable for the production of building materials such as sealing sheets or dry mortar for external thermal insulation composite systems (ETICS). The product launch will help the company to meet the growing demand for sustainable and environmentally friendly products from the construction industry due to the increasing global trend in ecological and sustainable building.
Wacker Chemie AG (Germany), Dow Inc. (USA), BASF SE (Germany), Celanese Corporation (USA), Acquos Pty Ltd (Australia), Synthomer plc (Great Britain), Ashland Global Holdings Inc. (USA), Japan Coating Resin Corporation (Japan), Bosson (Beijing) Chemical Co., Ltd. (China), Dairen Chemical Corporation (Taiwan) and Organik Kimya (Turkey) are among the key players leading the redispersible polymer powder market through their enhanced innovative offerings, manufacturing capabilities and efficient distribution channels.
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