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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.
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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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