North America dominates the Redispersible Polymer Powder Market Due to rise in the Demand for Green Buildings

The building, as well as construction sector, is booming in both developed as well as developing economy. For the development of the economy, government is incurring massive fund in order to maximize the economy scale. Due, to the growth of the building and construction industry, the requirement of the paints and coating is also increasing. The paints and coatings sector is also getting a large scale of prevalence in the economy. The growing infrastructure has enhanced the demand for various other products used in construction activities.         

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Global redispersible polymer powder market is expected to reach USD 95,411.25 thousand by 2027 from USD 37,025.72 thousand in 2019, at a CAGR of 14.0% in the forecast period of 2020 to 2027. The rising research and development activities in the market and rise in the demand in green buildings will further create new opportunities for the redispersible polymer powder market in the forecast period.          

Increasing number of buildings and construction activities across the world will drive the market's growth rate

Growing population in some parts of the word is the vital factor escalating the market growth, also rise in the demand for green buildings, rise in the residential projects in Asia-Pacific, rise in the residential construction sector and increase in usage of the product in construction chemicals such as mortars, tiling adhesives, gypsum, grouts, renders are the major factors among others driving the redispersible polymer powder market.

Report Scope and Market Segmentation

Segment Analysis:

The global redispersible polymer powder market is segmented into six notable segments which are by type, polymerization method, drying method, grade, application and end-user.

• On the basis of type, the market is segmented into acrylic redispersible polymer powder (styrene acrylic redispersible polymer powder), vinyl acetate (VAE) redispersible polymer powders, vinyl versatate (VEOVA) redispersible polymer powder, styrene butadiene (SB) redispersible polymer powder, ethylene redispersible polymer powder and others. In 2020, vinyl acetate (VAE) redispersible polymer powder segment is expected to dominate global redispersible polymer powder market with 32.12% market share as product give strength, have more application in construction and is easily soluble in water as compared to other products.
• On the basis of polymerization method, the market is segmented into continuous, semi continuous and seed pattern. In 2020, continuous segment is expected to dominate global redispersible polymer powder market with 53.07% market share as easy method for the manufacture to produce larger quantity of redispersible polymer powder in the market.
• On the basis of drying method, the market is segmented into spray drying, reduced pressure drying and freeze drying. In 2020, spray drying segment is expected to dominate global redispersible polymer powder market with 53.07% market share as it is a cost effective method for the production of the redispersible polymer powder.
• On the basis of grade, the market is segmented into industrial grade, reagent grade, analytical grade and bio-tech grade. In 2020, industrial grade segment is expected to dominate global redispersible polymer powder market with 32.96% market share due to increasing demand of the high strength mortars in construction of industry.
• On the basis of application, the market is segmented into tiling & flooring, mortars, plastering, insulation systems and others. In 2020, tiling & flooring segment is expected to dominate global redispersible polymer powder market with 12.85% market share due to increasing demand of the tile adhesives in residential construction. In Asia-Pacific region, the tiling & flooring segment is dominating in the market due to increasing application of the waterproof flooring in the region.

The tiling & flooring segment will dominate the application segment of the redispersible polymer powder market

The tiling & flooring segment will emerge as the dominating segment under paints with approximately 13.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the chemicals and materials industry all around the globe will further bolster the growth of this segment.

• On the basis of end-user, the market is segmented into residential construction, commercial construction, industrial construction, paint and others. In 2020, residential construction segment is expected to dominate global redispersible polymer powder market with 41.05% market share as demand of the redispersible polymer powder is increasing in the decorative façade.

The residential construction segment will dominate the end-user segment of the redispersible polymer powder market

The residential construction segment will emerge as the dominating segment end-user segment. This is because of the growing number of buildings and construction activities in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

Major Players

Data Bridge Market Research recognizes the following companies as the market players in market: Ashland (U.S.), Croda International Plc (U.K.), En-Tech Polymer. Co., Ltd (South Korea), GUANGZHOU JUNNENG CHEMICALS CO., LTD. (China), Organik Kimya (Turkey)., Dow (U.S.), Visen Industries Limited (India), Wacker Chemie AG (Germany), Akzo Nobel N.V. (Netherlands), BASF SE (Germany), PPG Industries, Inc. (U.S.), DuPont (U.S.), Evonik Industries AG (Germany), Sherwin-Williams Company (U.S.), Zhejiang NetSun Co., Ltd. (China).

Market Development

• In 2020, synthomer plcsynthomer plc have completed the acquisition of OMNOVA Solutions to increase the water-based polymer solutions production with greater customer reach and strong operational capabilities that help enhance business. This development will help the company to increase the revenue in near future.
• In 2019, Ashland introduced a new product named Strodex PK-86NV specialty phosphate ester surfactant used for performance enhancing additive for products such as waterborne architectural coatings and other coating products. This development has helped the company to increase its product portfolio.

Regional Analysis

Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in redispersible polymer powder market during the forecast period 2020 - 2027

North America dominates the redispersible polymer powder market due to rise in the demand for green buildings, rise in the growth in the demand from construction end-use industry and increasing research and development activities in this region.

Asia-Pacific is estimated to be the fastest growing region in redispersible polymer powder market the forecast period 2020 - 2027

Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the growth and expansion of chemicals and materials industry in the region in this region.

COVID-19 Impact

The epidemic has a terrible effect on this sector as well. Redispersible polymer powder manufacturers are experiencing difficulties as a result of the shutdown, including supply chain interruptions, a scarcity of raw materials, and a labour shortage, which causes a halt in production. Therefore, there was a decrease in demand as a result of the brief lockout. To prevent further losses, a number of well-known corporations are working to strengthen their supply chains and expand their operations. Furthermore, the global market quickly increases demand for their products by lifting the lockdown in all nations and bringing the Corona instances under control.

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