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Global Redispersible Polymer Powder Market to Grow at a CAGR of 5.9% During 2022-2027, Driven by the Growing Industrialisation

According to a new report by EMR titled, ‘Global Redispersible Polymer Powder Market Report and Forecast 2022-2027’, the market attained a value of over USD 1.8 billion in 2021. The industry is further expected to grow at a CAGR of 5.9% in the forecast period of 2022-2027 to reach a value of more than USD 2.5 billion by 2027.

The redispersible polymer powder industry is being driven by the burgeoning construction sector, consisting of commercial establishments and public infrastructure and utilities. A surge in residential construction projects across the globe and an increase in usage of redispersible polymer powder in construction chemicals such as tiling adhesives, mortars gypsum, grouts, and renders are the major factors driving the market growth. Additionally, rising research and development activities in the industry and the increasing investments by the key players are also contributing to the growth of the market. Redispersible polymer powder improves tensile strength, stability, toughness, and impact tolerance. The increasing population, and rapid industrialisation and urbanisation are expected to significantly contribute to the growth of the market. The industrial plants are exposed to a high level of shock and tremor. The application of redispersible powder is mandatory to enhance the strength of these buildings by improving the chemical properties of mortars and other dry mix products. Rise in the demand of redispersible polymer powder in green buildings is likely to be another key trend bolstering the market growth in the forecast period.

In January 2020, Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, and Nouryon had announced that both the companies had signed an agreement for Celanese to acquire Nouryon’s redispersible polymer powders business offered under the Elotex® brand. By acquiring Elotex, the company will have direct access to rapidly growing customer base of redispersible polymer powders industry.

Market Analysis by Type, Application, End User, and Region:

  • The market on the basis of type can be divided into vinyl acetate ethylene (VAE), vinyl ester of versatic acid (VeoVa), acrylic powder, and styrene butadiene, among others.
  • Based on application, the industry can be divided into mortars and cement, insulation and finish systems, tile adhesives and grouts, self-leveling underlayment, and plasters, among others.
  • Based on end user, the industry can be divided into residential, and non- residential.
  • The regional markets for redispersible polymer powder include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for redispersible polymer powder is being driven by the rising residential projects in the developing countries.
  • The industry is receiving a further impetus with the rapid development of the construction sector.
  • The rise in demand for green buildings is expected to further propel the market growth.
  • The rising research and development activities have significantly contributed to the market expansion.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for redispersible polymer powder for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the types, applications, end users, and regions of redispersible polymer powder.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global redispersible polymer powder market are BASF SE, Hexion Inc., Celanese Corporation, Dairen Chemical Corporation, and The Dow Chemical Company, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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