The company has a group of cooperation teams engaged in the redispersible polymer powder manufacturers industry for many years, with dedication, innovation spirit and service awareness, and has established a sound quality control and management system to ensure product quality.
The redispersible polymer powder market is projected to reach USD 2.8 billion by 2025, at a CAGR of 6.8%. The redispersible polymer powder market growth is estimated to be majorly driven by growing economies of Asia Pacific region. Increasing demand from the construction industries of China, India, and Japan is majorly driving the redispersible polymer powder market in the Asia Pacific region.
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The pandemic is estimated to have a huge impact on various factors of the value chain of redispersible polymer powder market, which is expected to reflect during the forecast period, especially in the year 2020. The various impact of COVID-19 are as follows:
Mortar is a significant application of redispersible polymer powder. This powder is also used in repair mortars. Increasing spending on repair and maintenance of structures in the construction industry provides growth opportunities to the redispersible polymer powder market. The poor quality of buildings and infrastructure, in terms of reliability, safety, and workability, fuels the need for repair and maintenance. Owing to significant energy usage and high emissions from the European residential building sector, the European Commission has prioritized the energy-efficient renovation of existing residential buildings in Europe. Keeping energy conservation in mind, the European Union (EU) has launched a number of schemes, providing grants for households for the energy-efficient upgrade of their homes. In addition to this, the home renovation incentive (HRI), a tax credit on expenses for repair and renovation work, has been provided by the EU. Such governmental schemes are promoting repair and maintenance activities in the European construction industry, which, in turn, is anticipated to fuel the demand for redispersible polymer powder in Europe during the forecast period. Natural calamities also lead to the need for maintenance and repair in the construction industry. In the Asia Pacific region, Australia, India, China, Sri Lanka, and the Philippines experience frequent droughts and floods. These natural disasters have led to increased spending on infrastructure repair and maintenance, thereby increasing the use of redispersible polymer powder in the construction industry.
Redispersible polymer powder is produced by spray-drying an aqueous mixture of stabilizers and polymers. During the spray drying process, dust particles are exposed to high temperatures, resulting in the formation of a dust cloud. A spontaneous combustion reaction occurs on the exposure of the dust cloud to high temperatures. This can result in a hazardous explosion accompanied by decomposition reactions, causing serious health hazards. During this explosion, if the amount of oxygen available is less, incomplete combustion of mixtures may occur, giving rise to smoke. The smoke is a mixture of carbon monoxide, carbon dioxide, and particulate matter. Exposure to such smoke can cause irritation to the eyes, nose, and throat; difficulty in breathing; problems in lung functioning; asthma; and other cardiovascular diseases. Proper precautions need to be followed to reduce these risks, which cannot be, however, eliminated completely. Hence, these health hazards associated with the redispersible polymer powder production process restrain the market's growth.
Rising energy costs and changing environmental regulations related to construction have created a high demand for energy-efficient and cost-efficient buildings. Green building technology uses environment-friendly resources in the entire life cycle of buildings, making them cost-efficient due to the optimum utilization of resources. Redispersible polymer powder is widely used in various green building applications, such as mortars, plasters, insulating systems, and architectural paints, to increase durability, tensile strength, impact resistance, and flexibility. It also contributes to the minimization of maintenance costs, resulting in cost-efficient buildings. These factors have increased the appeal of eco-friendly redispersible polymer powder with negligible VOC emissions, especially for use in green building construction.
Awareness about environmental pollution is increasing. Hence, various regulatory authorities, such as Hazardous to Health (COSHH); European Union (EU); Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH); Globally Harmonized System (GHS); and Environmental Protection Agency (EPA) in Europe and North America have imposed restrictions on VOC-based products. Stringent environmental regulations, such as the Joint Regional Air Quality Management Plan in Hong Kong and Clean Air Act (US), have increased the need for redispersible polymer powders with no VOC content. These stringent regulations have compelled the key players of the redispersible polymer powder market to focus their research efforts on developing no VOC products. Growing concerns about the adverse effects of formaldehyde on human health have led to the development and use of formaldehyde-free technology to manufacture redispersible polymer powder. Thus, stringent environmental regulations imposed by different governmental bodies on VOC contents act as a major challenge for the growth of the redispersible polymer powder market.
VAE (vinyl acetate ethylene) is estimated to be the largest segment in redispersible polymer powder market in 2020, in terms of value and volume. It is majorly due to the excellent properties offered by the VAE-based redispersible polymer powder products. VAE redispersible polymer powder offers excellent moisture resistance, durability, and affordability. These properties make the VAE redispersible polymer powder preferable for use in indoor applications, such as kitchens, bathrooms, and laundry rooms.
Tiling & flooring application segment is projected to register the highest CAGR, in terms of volume and value, during the forecast period owing to increasing renovation projects and growth in decorative applications in the construction industry. Quality flooring is an essential factor in the residential, commercial, and industrial construction market where redispersible polymer powder plays an important role because of its strength, durability, moisture resistance, and low maintenance properties.
Residential segment is estimated to hold the largest market share in 2020Residential is expected to hold the largest market share in 2020. The rapidly growing population and rising economy of countries, such as China and India, are expected to fuel residential construction activities, subsequently driving the demand for redispersible polymer powder in residential construction.
Asia Pacific is the largest and the fastest-growing region in the redispersible polymer powder market owing to the increasing investments and infrastructural projects undertaken by the region’s emerging economies, such as China and India. India and China are likely to increase their construction spending during the forecast period, further driving the Asia Pacific market. Countries such as Indonesia and Vietnam are continuously investing in the residential, commercial, and industrial construction end-use industries for developing roads, bridges, residential buildings, affordable housing, water supply networks, and pipelines. The private sector has also witnessed heavy investments in these countries, resulting in the growth of the construction end-use industry, which would further benefit the redispersible polymer powder market.
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Wacker Chemie AG (Germany), Dow Inc. (US), BASF SE (Germany), Celanese Corporation (US), Acquos Pty Ltd (Australia), Synthomer plc (UK), Ashland Global Holdings Inc. (US), Japan Coating Resin Corporation (Japan), Bosson (Beijing) Chemical Co., Ltd. (China), Dairen Chemical Corporation (Taiwan), and Organik Kimya (Turkey) are among the key players leading the redispersible polymer powder market. Other market players include Puyang Yintai New Building Materials Company Ltd. (China), Divnova Specialties Pvt. Ltd. (India), Sidley Chemical Co., Ltd. (China), Vinavil S.p.A. (Italy), Shanxi Sanwei Group Co., Ltd. (China), Archroma (Switzerland), Guangzhou Yuanye Industrial Co., Ltd. (China), Anhui Wanwei Group Co., Ltd. (China), and Quanzhou Sailun Building Materials Technology Co., Ltd. (China).
Report Metric
Details
Market Size Available for Years
2018–2025
Base Year Considered
2019
Forecast Period
2020–2025
Forecast Units
Value (USD Million and USD Billion) and Volume (Kilotons)
Segments Covered
Type, Application, End-use Industry, and Region
Geographies Covered
Asia Pacific, North America, Europe, Middle East & Africa, and South America
Companies Covered
Wacker Chemie AG (Germany), Dow Inc. (US), BASF SE (Germany), Celanese Corporation (US), Acquos Pty Ltd (Australia), Synthomer plc (UK), Ashland Global Holdings Inc. (US), Japan Coating Resin Corporation (Japan), Bosson (Beijing) Chemical Co., Ltd. (China), Dairen Chemical Corporation (Taiwan), Organik Kimya (Turkey), Puyang Yintai New Building Materials Company Ltd. (China), Divnova Specialties Pvt. Ltd. (India), Sidley Chemical Co., Ltd. (China), Vinavil S.p.A. (Italy), Shanxi Sanwei Group Co., Ltd. (China), Archroma (Switzerland), Guangzhou Yuanye Industrial Co., Ltd. (China), Anhui Wanwei Group Co., Ltd. (China), and Quanzhou Sailun Building Materials Technology Co., Ltd. (China), are some of the key players in the redispersible polymer powder market (Total of 20 companies)
This research report categorizes the redispersible polymer powder market based on type, application, end-use industry and region.
What is the current size of the global Redispersible Polymer Powdermarket?
The redispersible polymer powder market is projected to grow from USD 2.0 billion in 2020 to USD 2.8 billion by 2025, at a CAGR of 6.8% from 2020 to 2025.
Who are the star in the global Redispersible Polymer Powdermarket?
The star companies in the redispersible polymer powder market include Wacker Chemie AG (Germany), Dow Inc. (US), BASF SE (Germany), Celanese Corporation (US), Dairen Chemical Corporation (Taiwan), and Ashland Global Holdings Inc. (US).
What is the COVID-19 impact on redispersible polymer powders in 2020?
COVID-19 outbreak is expected to have significant impact on the global demand for redispersible polymer powders in the construction industry in 2020. The outbreak and the spread of the COVID-19 led to major impacts on construction industry across the world, thereby resulting in lower demand for redispersible polymer powders in 2020 when compared to 2019. .
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