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Global Redispersible Polymer Powder Market Size, Forecast: By Type: Vinyl Acetate Ethylene (VAE), Vinyl Ester of Versatic Acid (VeoVa), Acrylic Powder, Styrene Butadiene, Others; By Application: Mortars and Cement, Insulation and Finish Systems, Tile Adhesives and Grouts, Others; By End User; Regional Analysis; Competitive Landscape; 2024-2032
Global Redispersible Polymer Powder Market Outlook
The global redispersible polymer powder market size reached USD 2.02 billion in 2023. The market is expected to grow at a CAGR of 5.7% between 2024 and 2032, reaching almost USD 3.33 billion by 2032.
Key Takeaways:
- Data from the U.S. Census Bureau and Housing Department suggests growth in U.S. residential construction, with 1,416,000 housing units completed in January 2024, boosting the global redispersible polymer powder market growth.
- India's construction industry ranks as the second-largest employer and sixth-largest FDI recipient in 2022, poised to become the world's third-largest market by 2025, boosting polymer powder demand globally.
- Redispersible polymer powder offers numerous benefits in construction such as improved adhesion, flexibility, waterproofing, workability, durability, shrinkage reduction, controlled setting, and versatile applications.
Redispersible polymer powder is a white, flowable powder derived from different synthetic polymer emulsions. When combined with water, it creates a protective film that withstands weather, water, and chemical exposure. Widely employed in construction, it serves as a vital additive in mortar, cement, and tile adhesives.
As per the global redispersible polymer powder market report, it presents multiple advantages in construction, including enhanced adhesion to various substrates, increased flexibility to minimize cracks, waterproofing capabilities, improved workability, greater durability, reduced shrinkage, controlled setting time, and versatility in applications.
According to the National Investment Promotion and Facilitation Agency, India's construction sector stands as the second-largest employer and the sixth-largest recipient of foreign direct investment (FDI) in 2022. It is anticipated to become the third-largest construction market globally by 2025, thus driving the global redispersible polymer powder market growth.
Key Trends and Developments
The expansion of the global redispersible polymer powder market is driven by the growth in the construction sector, rising demand from the non-residential segment, advancements in technology, and the development of sustainable formulations.
December 2023
Braskem, a major polyolefins producer in the Americas and global biopolymer leader, along with Advanced Laser Materials (ALM), introduced polypropylene (PP) powder for industrial 3D printing using selective laser sintering (SLS).
October 2022
The board of the polymer emulsions manufacturer announced a capacity expansion for a new product, "RDP (re-dispersible polymer powder)," at the Dahej plant in Gujarat after March 2023, targeting domestic construction chemicals.
June 2020
Celanese Corporation introduced Elotex FX1000, a new addition to its Elotex series. The newly introduced redispersible polymer powder was based on a copolymer of vinyl acetate and vinyl versatate.
March 2020
Wacker Chemie AG unveiled its inaugural dispersible polymer powder derived from renewable sources for construction uses. The new line of polymeric binders, featuring bio-based acetic acid, was introduced as VINNECO.
Growing construction sector
As per the global redispersible polymer powder market analysis, urbanization and growth in residential and commercial construction drive the industry. It is a vital additive in construction, improving material performance and lifespan, serving as binders, thickeners, and film formers in products like mortar and adhesives, they enhance adhesion, flexibility, and durability.
Non-residential sector demand
The global redispersible polymer powder market development is attributed to the surge in non-residential construction, spanning commercial, industrial, and infrastructure sectors. It plays a crucial role in creating durable, energy-efficient structures, and meeting diverse project needs from offices to industrial complexes and public infrastructure ventures.
Technological advancements
The market is boosted by demand for tailored construction solutions, leading to advancements in redispersible polymer powders for better compatibility. Industry leaders offer powders that blend seamlessly with various materials, aiding designers, and builders. Eco-friendly options with reduced VOC emissions and green standards adherence are prioritized, while improved production and quality control deliver reliable powders meeting high-performance standards.
Sustainable Formulations
The rising need for environmentally friendly construction materials drives the evolution of RPP, incorporating sustainable and biodegradable elements to adhere to green building norms and environmental laws, thus uplifting the global redispersible polymer powder market share.
Global Redispersible Polymer Powder Market Trends
The wider adoption of RPP in creative applications like 3D printing, self-repairing materials, and intelligent coatings highlights its versatility and suitability for contemporary construction demands.
Manufacturers now offer custom RPP formulations, catering to precise project needs, and presenting contractors and builders with various choices for enhanced performance.
Market Segmentation
Global Redispersible Polymer Powder Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Vinyl Acetate Ethylene (VAE)
- Vinyl Ester of Versatic Acid (VeoVa)
- Acrylic Powder
- Styrene Butadiene
- Others
Market Breakup by Application
- Mortars and Cement
- Insulation and Finish Systems
- Tile Adhesives and Grouts
- Self-Leveling Underlayment
- Plasters
- Others
Market Breakup by End User
- Residential
- Non-residential
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Vinyl acetate-ethylene (VAE) boosts the global redispersible polymer powder market due to its versatility and extensive use across various applications within the construction sector
VAE polymers display excellent adhesive properties, flexibility, and resistance to water, making them well-suited for diverse construction materials such as tile adhesives, grouts, and cementitious mortars.
VeoVa-based redispersible polymer powders are esteemed for their distinctive attributes, providing outstanding adhesion to various substrates, particularly in demanding outdoor environments. These powders are utilized in applications such as exterior insulation finishing systems (EIFS), plaster, and coatings.
Based on application, the global redispersible polymer powder market share is led by tile adhesive and grout since these powders play a crucial role in enhancing tile adhesion, durability, and flexibility across residential and commercial construction projects
Redispersible polymer powders enhance the bonding strength of tile adhesives, ensuring tiles remain securely in place while allowing for minor movements. In grouts, they reinforce resistance against cracking and staining, improving the durability and appearance of tiled surfaces.
In mortars and cement applications, these powders serve as vital additives to enhance adhesive properties, flexibility, and durability. They strengthen the bond of mortars and cement, playing a crucial role in construction activities like wall plastering and concrete repair.
Competitive Landscape
The global redispersible polymer powder market is being propelled by market players which specialize in producing speciality materials and chemical products.
BASF SE, a global leader in chemicals and materials headquartered in Germany, was established in 1865. It offers a diverse range of products for industries such as automotive, construction, agriculture, and consumer goods.
Celanese Corporation, a leading global producer of speciality materials and chemical products, was established in 1918 and is headquartered in Texas. It serves industries such as automotive, electronics, consumer goods, and healthcare with innovative solutions.
Dairen Chemical Corporation, a major producer of petrochemicals, plastics, and speciality chemicals, was founded in 1949 and is based in Taiwan. It supplies various industries such as automotive, electronics, packaging, and construction with high-quality materials and solutions.
Other key players in the global redispersible polymer powder are The Dow Chemical Company, Jinan Maissen New Material Co., Ltd, Wacker Chemie AG, WOTAI, and Sumitomo Chemical Co. Ltd among others.
Global Redispersible Polymer Powder Market Analysis by Region
Based on region, the global redispersible polymer powder market share is led by Asia Pacific, particularly in countries such as China and India, is experiencing a construction and infrastructure boom. This surge in construction projects has led to a significant need for redispersible polymer powders, intended to improve the effectiveness of construction materials.
In North America, the increasing demand for superior construction materials, coupled with a focus on sustainability and infrastructure development, is fuelling the need for redispersible polymer powders.
According to information from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, the construction of residential buildings is increasing. Data shows that in January 2024, the United States saw a total of 1,416,000 completed housing units.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Redispersible Polymer Powder Market Analysis
8.1 Key Industry Highlights
8.2 Global Redispersible Polymer Powder Historical Market (2018-2023)
8.3 Global Redispersible Polymer Powder Market Forecast (2024-2032)
8.4 Global Redispersible Polymer Powder Market by Type
8.4.1 Vinyl Acetate Ethylene (VAE)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Vinyl Ester of Versatic Acid (VeoVa)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Acrylic Powder
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Styrene Butadiene
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Redispersible Polymer Powder Market by Application
8.5.1 Mortars and Cement
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Insulation and Finish Systems
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Tile Adhesives and Grouts
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Self-Leveling Underlayment
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Plasters
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Redispersible Polymer Powder Market by End User
8.6.1 Residential
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Non-residential
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Redispersible Polymer Powder Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Redispersible Polymer Powder Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Redispersible Polymer Powder Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Redispersible Polymer Powder Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Redispersible Polymer Powder Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Redispersible Polymer Powder Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 BASF SE
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Jinan Maissen New Material Co., Ltd
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Celanese Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Dairen Chemical Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 The Dow Chemical Company
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Wacker Chemie AG
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 WOTAI
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Sumitomo Chemical Co., Ltd
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Redispersible Polymer Powder Market: Key Industry Highlights, 2018 and 2032
2. Global Redispersible Polymer Powder Historical Market: Breakup by Polymer Type (USD Billion), 2018-2023
3. Global Redispersible Polymer Powder Market Forecast: Breakup by Polymer Type (USD Billion), 2024-2032
4. Global Redispersible Polymer Powder Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Redispersible Polymer Powder Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Redispersible Polymer Powder Historical Market: Breakup by End User (USD Billion), 2018-2023
7. Global Redispersible Polymer Powder Market Forecast: Breakup by End User (USD Billion), 2024-2032
8. Global Redispersible Polymer Powder Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Redispersible Polymer Powder Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Redispersible Polymer Powder Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Redispersible Polymer Powder Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Redispersible Polymer Powder Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Redispersible Polymer Powder Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Redispersible Polymer Powder Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Redispersible Polymer Powder Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Redispersible Polymer Powder Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Redispersible Polymer Powder Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Redispersible Polymer Powder Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Redispersible Polymer Powder Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Redispersible Polymer Powder Market Structure
Key Questions Answered in the Report
The market was estimated to be valued at USD 2.02 billion in 2023.
The market is projected to grow at a CAGR of 5.7% between 2024 and 2032.
The revenue generated from the redispersible polymer powder market is expected to reach USD 3.33 billion in 2032.
The expansion of the global redispersible polymer powder market is driven by the growth in the construction sector, rising demand from the non-residential segment, advancements in technology, and the development of sustainable formulations.
The redispersible polymer powder market is categorised according to its type, which includes vinyl acetate ethylene (VAE), vinyl ester of versatic acid (VeoVa), acrylic powder, and styrene butadiene.
The major players in the industry are BASF SE, Celanese Corporation, Dairen Chemical Corporation, The Dow Chemical Company, Jinan Maissen New Material Co., Ltd, Wacker Chemie AG, WOTAI, and Sumitomo Chemical Co. Ltd among others.
Based on the application, the redispersible polymer powder market is divided into mortars and cement, insulation and finish systems, tile adhesives and grouts, self-leveling underlayment, and plasters, among others.
The major areas include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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