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Redispersible Polymer Powder Market by Key Vendors, Demand, Development Strategy Demographic, Geographic Segment by 2030

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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 2022 to 2030 (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.

Key Vendors

Divnova Specialities (India), Akzo Nobel N.V.(Netherland), Ashland Global Holding (U.S.), Hexion Inc (U.S.), Synthomer Plc (U.K), Wacker Chemie AG (Germany), Puyang Yintai Industrial (China), Acquos (Australia), The Dow Chemicals Company (U.S.), Benson Polymers Limited (India), BASF SE (Germany), Dairen Chemical Corporation (Taiwan), Organic Kimya (Turkey), Bosson Union Tech (China)

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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.

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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.

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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 2022. 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.

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The Europe redispersible polymer powder market valuation can expand to USD 381 million by 2030 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.

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