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Redispersible Polymer Powder Market Size
Redispersible Polymer Powder Market size was USD 1.49 billion in 2019 and will grow at a CAGR of 6.1% between 2020 to 2026. Stringent government regulations associated with the use of eco-friendly construction materials will benefit the industry expansion.
Green buildings are a sustainable way of constructing buildings and structures by using eco-friendly procedures and chemicals, thereby minimizing the negative impact on the environment. Emerging environmental regulations are resulting in various changes in the construction sector. Regulations regarding the emissions of Volatile Organic Compounds (VOC) in construction chemicals & materials have led to a gradual replacement of solvent-based chemicals with water-based or environment-friendly products.
Smart city development and increasing construction of affordable housing facilities for urban population will drive redispersible polymer powder market growth. Urbanization, rising population, and high disposable income levels will positively influence the residential construction projects in future.
| Report Attributes | Details |
|---|---|
| Base Year: | 2019 |
| Market Size in 2019: | 1,494.0 Million (USD) |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 6.1% |
| 2026 Value Projection: | 2,023.4 Million (USD) |
| Historical Data for: | 2016 to 2019 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 429 |
| Segments covered: | Polymer, Application and End-user |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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In Indonesia for example, the Savasa housing project, which is scheduled to be completed by 2021 will be developed in three stages on a total area of 37 hectares. The first phase of the project includes construction of 33 shophouses and 811 houses. The houses will incorporate environment-friendly materials and smart-living technology. The project aims to achieve sustainable urban development and provide high-quality housing clusters for the population.
Price fluctuations associated with raw materials will limit the business growth. Ethylene is a major raw material used for producing redispersible powder, which is a by-product of naphtha. Rise in the naphtha prices will directly increase the prices of the product. Other raw materials, such as acrylic resin, acetic acid, and vinyl acetate monomer, have also witnessed surge in prices over the recent years. Constantly changing pricing dynamics will affect the production costs and is likely to hamper the redispersible polymer powder market demand.
Proper handling & storage measures should be implemented during the use of redispersible polymer powder to avoid any possible accidental mishaps. Fine dust particles of the product possess the danger of fire & explosion and can form weakly explosive mixtures with air. Proper precautionary steps must be taken to avoid accumulation of static charge and avoid explosive conditions. If these dust particles come in contact with a person’s eyes or skin, it would create excessive irritation. Such associated hazards may limit the redispersible polymer powder market sales over forecast period.
Redispersible Polymer Powder Market Analysis
Vinyl acetate ethylene (VAE) will account for over 45% share in the redispersible polymer powder market by 2026 owing to economical cost and superior properties. VAE can meet rheological properties required in mortar and has low volatile organic compound and minimum irritancy odor. It is known for excellent UV resistance, good thermal resistance, and long-term stability.
Vinyl acetate vinegar and ethylene copolymer resin have the widest range of glass transition temperatures. Redispersible polymer powders of different glass transition temperatures should be selected according to the need, environment properties, and characteristics of base mortar material during the preparation of dry mixed mortar.
Tiling & flooring applications will witness over 6.5% CAGR with utilization of redispersible polymer powders for residential & industrial flooring, cement based self-levelling compounds & screeds, pumpable hand applied compounds, floor & wall tiling, etc. High quality & flexible redispersible polymer powder with excellent workability & water resistance is recommended for high-quality tile adhesives, large tiles, and outdoor applications.
The product aids in improving surface aesthetics, levelling, abrasion resistance, and flexural & tensile bonding strength. Additionally, it improves wet strength values, plastic behavior, and sag resistance.
Redispersible polymer powder market share from industrial sector will witness over 4.5% CAGR with ongoing industrial development across the globe. Changing paradigm of the manufacturing sector backed by huge financial investments will trigger the construction of production plants, warehouses, and other industrial structures.
The industrial plants and warehouses are exposed to a high level of shock and tremor. Such extreme environments reduce the quality of these structures. The usages of redispersible powder are suitable to enhance the strength of these buildings by improving the chemical properties of mortars and other dry mix products.
In 2019, North America accounted for around 19% share in redispersible polymer powder market. Favorable trends associated with North America’s construction sector will support the product demand. In the U.S., the construction spending increased over 70% from 2011 to 2019, whereas in Canada, construction spending increased by more than 30% within the same period. Such high investments coupled with rising emphasis on the use of eco-friendly construction materials by builders & contractors will support the regional expansion.
Coronavirus pandemic has changed the North America construction industry rapidly over past few months due to government restrictions, changing job safety protocols, and supply chain uncertainties. Construction output is expected to fall with rapid decline in the demand of new projects and safety regulations associated with COVID-19 pandemic. North America’s construction output is expected to fall by more than 6% in 2020. Many construction projects in North America are carrying operations however future proposals are being cancelled due to uncertain economic conditions.
Redispersible Polymer Powder Market Share
The key redispersible polymer powder industry participants include
- Wacker Chemie AG
- Celanese Corpoartion
- BASF SE
- Dow
- Synthomer plc
- Organik Kimya
- VINAVIL S.p.A.
- Dairen Chemical Corporation
The top three players collectively account for over 50% market share. These players are focusing on new product development to strengthen their market presence. In February 2019, Wacker Chemie AG launched VINNAPAS 7150E for applications in high-performance waterproofing membranes.
The redispersible polymer powder market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2016 to 2026, for the following segments:
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By Polymer
- Acrylic
- Vinyl Acetate Ethylene (VAE)
- Vinyl Esther of Versatic Acid (VeoVA)
- Others
By Application
- Tiling & flooring
- Mortar & cement
- Insulation system
- Plastering & gypsum
- Others
By End-user
- Residential
- Commercial
- Industrial
- Institutional
The above information is provided on a regional and country basis for the following:
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Taiwan
- South Korea
- LATAM
- Brazil
- Mexico
- MEA
- South Africa
- South Arabia
- UAE
- Kuwait
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