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The redispersible polymer powder market size is estimated to grow by USD 677.5 million at a CAGR of 5.6% between 2023 and 2028. The market's growth depends on several factors, including the swift escalation in road and bridge construction, heightened research and development efforts to enhance product lines, and the increasing adoption of green building materials. These factors collectively drive market expansion, reflecting a shift towards sustainable construction practices and innovative product development. The rapid increase in road and bridge construction underscores the demand for durable and environmentally friendly materials, stimulating market growth. Additionally, the focus on research and development to improve product lines indicates a commitment to innovation and meeting evolving industry standards. These trends highlight the market's responsiveness to environmental concerns and the growing need for sustainable construction solutions. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 to 2022.
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The market share growth of the residential segment will be significant during the forecast period. Redispersible polymer powder is used more frequently in the residential sector due to its adaptability and the rising demand for construction and renovation projects. Moreover, due to the growing demand for building materials that are both affordable and environmentally friendly, the market is predicted to grow during the forecast period.
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The residential segment was valued at USD 949.20 million in 2018. The use of redispersible polymer powder in the residential sector is anticipated to increase significantly during the forecast period due to rising demand for affordable and environmentally friendly building materials. This will present a wide range of opportunities for re-dispersible polymer powder manufacturers, suppliers, and distributors, which, in turn, will drive the growth of the market during the forecast period.
The tilling and flooring segment held the largest market share. Due to the softness and flexibility of powdered thermoplastic resins, such as redispersible polymer powder resins with relatively high ethylene contents, these materials are frequently used in flooring and tiling applications. Additionally, the product helps with surface leveling, abrasion resistance, flexural and tensile bonding strength, wet strength values, plastic behavior, sag resistance, and other factors. Such factors are expected to drive the growth of the tilling and flooring segment.
APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavioâs analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Due to factors such as population growth, urbanization, and economic development, APAC is anticipated to be one of the fastest-growing markets for re-dispersible polymer powder in the coming years. Redispersible polymer powder is frequently used in many different applications, such as tile adhesives, flooring compounds, and wall putties, and is favored for its adaptability and affordability. The redispersible polymer powder market in APAC is expected to grow during the forecast period, owing to increasing demand from industries such as building and construction. In APAC, countries such as India, Vietnam, Thailand, and Malaysia are emerging as low-cost countries, which are propelling the growth of the construction industry because of the lack of regulations and low-cost labor.
The market is influenced by various factors, including the formation of a dust cloud during handling, which can pose health hazards and lead to spontaneous combustion reactions at high temperatures, potentially causing hazardous explosions. Additionally, decomposition reactions can occur, releasing smoke, carbon monoxide, carbon dioxide, and particulate matter, leading to irritation and difficulties in breathing, particularly affecting lung functioning and exacerbating conditions like asthma and cardiovascular diseases. Despite these risks, there is an opportunity for growth in the market, driven by the rising demand for green buildings, driven by factors such as energy costs, environmental regulations, and the need for energy-efficient and cost-efficient buildings. Redispersible polymers powder offer benefits such as moisture resistance, durability, and suitability for various indoor applications, including kitchens, bathrooms, laundry rooms, tiling, flooring, and decorative applications, making them relevant for both the commercial and industrial segments.
The rapid increase in road and bridge construction is driving the market growth. Redispersible polymer powders are in high demand for the construction of roads and bridges, with increased global government funding and support for infrastructure activities. For example, the Indian government has allocated USD 15 billion in 2021-2022 to construct national highways, roads, and bridges.
Thus, such investments are expected to drive the demand for construction materials, including redispersible polymer powder. The construction of 13 bridges in Dubai and various road projects in the US further exemplify the increasing demand for this product. Hence, the demand is expected to rise gradually in line with the growth in road and bridge construction during the forecast period.
Fluctuating prices of raw materials are a major factor hindering market growth. The market growth of redispersible polymer powder may face limitations due to the volatility of its raw material prices. Ethylene, a byproduct of naphtha, is a primary raw material for manufacturing redispersible powder. If the price of naphtha increases due to fluctuation in crude oil prices, the cost of the product will also increase. Recent trends have shown a rise in prices of other raw materials such as acrylic resin, acetic acid, and vinyl acetate monomer, which may further increase production costs.
As a result, consumer demand for redispersible polymer powder may decline. Analysts predict that crude oil prices may reach USD 82.85/BBL by Q3 2023, adding to the pricing challenges. These unstable market conditions are likely to be a significant obstacle to the redispersible polymer powder market during the forecast period.
Increasing residential and commercial construction activities is a trend driving market growth. In developing countries such as India, there is growing urbanization and new developmental projects, including new residential projects. The rising economy in India has led to the development of smart cities. Investments of USD 31,650 billion have been proposed by 100 cities in India under their smart cities plan. A few large upcoming residential construction projects in the US include the next-generation New York City housing apartments in Manhattan, Valco Town Center SB 35 project in California, the mixed-use building at Tenth Avenue in New York, and Dallas Midtown mixed-use development in North Texas, and Dominion Square in Virginia.
In addition, the region is involved in the development of major transportation terminal construction projects, such as the Huston bullet-train station in Texas, the Subway project in New York, and the New Port Authority bus terminal in New York and New Jersey. The gross output of the construction industry in the US was around USD 1,894 billion in Q2 2021.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The report includes the adoption lifecycle of the market, from the innovatorâs stage to the laggardâs stage. Market forecasting focuses on adoption rates in different regions based on market penetration. Furthermore, the market forecast report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market is influenced by various factors, including the risk of spontaneous combustion reactions leading to hazardous explosions and causing difficulty in breathing, emphasizing the need for precautions during handling. Despite these risks, there is a rising demand for green buildings and energy-efficient HVAC and buildings, driving the use of redispersible polymer powder in applications such as tiling & flooring in both the commercial segments and industrial segments. Furthermore, these powders offer low maintenance properties and are used in various construction chemicals, including tiling adhesives, gypsum, grouts, and renders. They also help meet VOC pollution thresholds and are used in waterproofing materials, contributing to eco-friendly building materials for initiatives like smart city development and affordable home rental facilities. However, challenges such as price volatility in raw materials and manufacturing costs need to be addressed to maintain the tensile strength, toughness, stability, and impact tolerance of these powders, which are essential for applications like plasters, architectural paints, and insulating systems, ultimately impacting construction costs and the development of cost-effective homes.
The Redispersible Polymer Powder (RDP) market is witnessing significant growth due to its increasing usage in energy-efficient renovation projects and infrastructure developments. RDP, a type of redispersible powder, is made from vinyl acetate ethylene (VAE), styrene butadiene (SBR), and vinyl ester of versatic acid (VEVA), among other polymers. These polymers offer excellent water retention, impact resistance, and cohesion properties, making them ideal for self-leveling compounds, tile cement, gypsum plaster, and mortar applications.
The market for RDP is driven by the demand for VAE, which is widely used in VAEEVA and acrylic powder for VOC emissions reduction and high flexibility. The market is also growing due to the increasing investment in infrastructure projects in emerging economies and the need for waterproofing properties in construction applications.
The RDP market is segmented into various polymer types, including VAE, SBR, VEVA, and copolymer emulsions. The market is also witnessing strategic developments, such as the drying process innovation by companies like VAEVEOVA, which reduces energy consumption and improves product quality. The historical demand for RDP was primarily driven by the construction industry, with a focus on mortar strength development and plasticity adhesion. However, the market is forecast to grow at a CAGR of over 5% due to the increasing demand for waterproofing properties, high flexibility, and impact resistance in various applications. The RDP market is a niche market with significant potential for growth in the areas of cement structures, waterproofing, and bond strength. The market is also expected to witness increased demand in regions affected by natural calamities due to its ability to improve the mechanical properties of building materials, such as transversal deformation, flexural strength, and compressive strength. In conclusion, the Redispersible Polymer Powder market is a growing and dynamic industry, driven by the need for energy-efficient renovation, infrastructure development, and construction applications. The market is expected to continue growing due to the increasing demand for high-performance building materials and the strategic developments by key players.
Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.6% |
Market growth 2024-2028 |
USD 677.5 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.22 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, Germany, India, and Indonesia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amit Group, APL, Arkema SA, BASF SE, Celanese Corp., CH Polymers Oy, Chang Chun Group, D and L Industries Inc., Dow Inc., LABDHI CHEMICALS, Mayfair Biotech Pvt. Ltd., MSA Cellulose Products, Nordmann Rassmann GmbH, Sakshi Chem Sciences, Shandong Hearst Building Material Co. Ltd., Sidley Chemical Co. Ltd., Stahl Holdings B.V., Synthomer Plc, Visen Industries Ltd., and Wacker Chemie AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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