Overview:
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 2022 to 2025. The redispersible polymer powder market growth is estimated to be majorly driven by the growing economies of the 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.
The production of tiles adhesives, mortars, insulating systems, and others would boost the expansion of the redispersible polymer powder market. This is getting bolstered by urbanization and rising disposable income, which have triggered growth in residential and non-residential constructions. The insulation segment may register a 7.28% CAGR during the forecast period.
Segmentation:
The report on the redispersible polymer powder market can be studied on the basis of a segmentation that relies on type, application, and end-user industry. These segments include details about various steps of the market, which would help in a better understanding of the market.
By type, the report in the redispersible polymer powder market includes vinyl acetate-ethylene redispersible polymer powder, acrylic redispersible polymer powder, styrene-butadiene redispersible polymer powder, veova redispersible polymer powder, and others. The vinyl acetate-ethylene redispersible polymer powder would record 7.5% CAGR during the forecast period.
By application, the report on the redispersible polymer powder market can include plastering, mortars, insulation systems, tiling & flooring, and others. In tiling & flooring, the market is expected to gain substantial growth opportunities.
𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.marketresearchfuture.com/sample_request/5274
By end-user, the report on the redispersible polymer powder market can be segmented into nonresidential construction, residential construction, and industrial construction. The residential construction segment would boost the growth of the market.
Regional Analysis:
The global market for redispersible polymer powder would be guided ahead by Asia Pacific as per the predictions made by MRFR. This would be governed mainly by China. However, the recent outbreak of Coronavirus COVID 19 would hold back growth in the region as several provinces in the country have been locked down by authorities. In 2016, China had a production of 80.88 kilotons. This happened due to the growth in residential and commercial sector construction. Japan would register the fastest growth rate. It is predicted to exhibit a 6% CAGR during the forecast period.
Europe had a valuation of USD 381 million and would record growth by 5.99% during the forecast period. This growth would be backed by increasing demand for green buildings and tile adhesives. Poland could surpass other countries in terms of growth rate. The construction industry would trigger growth in the European market.
In North America, top-class industrial infrastructure in the US and Canada would generate demand for redispersible polymer powder. In certain sections, the real estate market is going down owing to which growth would be difficult.
𝐆𝐞𝐭 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐁𝐞𝐭𝐭𝐞𝐫 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 –
https://www.marketresearchfuture.com/reports/redispersible-polymer-powder-market-5274
Competitive Landscape:
The global market for redispersible polymer powder is expecting a boost from the strategic developments in various companies like The Dow Chemicals Company (U.S.), Wacker Chemie AG (Germany), Akzo Nobel N.V.(Netherland), Acquos (Australia), Hexion Inc (U.S.), Ashland Global Holding (U.S.), BASF SE (Germany), Synthomer Plc (U.K), Bosson Union Tech (China), Dairen Chemical Corporation (Taiwan), Benson Polymers Limited (India), Organic Kimya (Turkey), Puyang Yintai Industrial (China), and Divnova Specialities (India). These companies would take measured steps relying on various expenditures in research and development, acquisition, merger, and others.
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