Redispersible Powder Market By Type (Vinyl acetate-ethylene copolymer, Vinyl ester of versatic Acid copolymer, Acrylic, Styrene butadiene) By Application (Tiling, Flooring, Repair, Gypsum Plaster, Waterproofing, ETICs) and Region - Global Forecast to 2026
28 May 2018
The global redispersible powder market is estimated to value US$ 2.3 Bn in 2017, and is projected to register a CAGR of 4.8% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the global redispersible powder market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report includes PEST analysis, Porter’s Five Forces analysis, and opportunity map analysis for in-depth understanding of the market. The report offers insightful and detailed information regarding the various key players operating in the global redispersible powder market, their financials, technological innovations, key developments, apart from future strategies, SWOT analysis, acquisitions & mergers, and market footprint. The global redispersible powder market is segmented on the basis of product, application, and region/country.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analysed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Redispersible powders are polymer emulsions that have been converted to powdered thermoplastic resin materials by a series of processes such as high temperatures and pressures, spray drying, and surface treatment. When mixed with water, these powdered organic binders can re-disperse in water back into new emulsions with essentially identical properties to the original copolymer emulsions. Addition of redispersible polymer powders can increase cohesiveness, cohesion, and flexibility of mortar.
Global Redispersible Powder Market Dynamics:
Primary factor driving growth of the global redispersible powder market is rising demand from various end use sectors such as residential, commercial, industrial, and construction. Hazards related with handling and storage of redispersible powers is a primary factor expected to hamper growth of the global redispersible powder market to a certain extent.
Various advantages offered by redispersible powders and increasing preference for the same as compared to that of liquid, water-dispersed, synthetic, and natural polymers are other factors expected to boost growth of the global redispersible powder market over the forecast period.
Development of redispersible powders with reduced or negligible dust cloud formation can offer lucrative opportunities for market players to expand their revenue share and presence.
Adoption of redispersible latex powder in construction applications is an ongoing trend observed in the redispersible powder market which is expected to have a positive impact on the overall redispersible powder value chain.
Market Analysis by Product Type:
Among all type segments, VAE type segment in the global redispersible powder market is estimated to register a CAGR of over 4.5% over the forecast period. This can be attributed to growing acceptance of redispersible powder products owing to its excellent properties such as improving adhesion, abrasion resistance, and flexural strength. The VAE type segment has been estimated to account for highest share in the global market in 2017, and is projected to continue its dominance with highest revenue share over the forecast period.
The VeoVA type segment in the global redispersible powder market is estimated to account for second-highest revenue share, owing to its ability to greatly improve hydrolytic stability, adhesion, and UV resistance.
The styrene/butadiene type segment is estimated to account for a CAGR of around 3% over the forecast period. This is attributed to various advantages of styrene/butadiene such as high flexibility, high adhesion to polar substrates, and high adaptability, owing to which demand is gradually rising from the construction industry.
Market Analysis by Application:
On the basis of application segments, the tiling segment is projected to register highest CAGR of over 5%. Revenue share of this segment is expected to be over 20%, which is the highest among the application segments, as there is wide scale adoption of redispersible powders in tiling applications. This is due to its properties such as increased flexibility, sag resistance, and bond strength.
Revenue Y-o-Y growth of the tiling segment is expected to increase at a moderate rate between 2017 and 2026.
The flooring segment is estimated to account for second-highest revenue share in 2017, and is expected to register a CAGR of over 5% over the forecast period.
Market Analysis by Region/Country:
The market in Europe dominated the global redispersible powder market in revenue terms, and is estimated to account for largest market revenue share of US$ 886.4 million in 2017 as compared to that of markets in other regions. It is further expected to maintain its dominant revenue contribution in the global redispersible powder market over the forecast period. This can be attributed to increasing construction activities and rise in government initiatives for development of existing infrastructure in countries the region.
The US market for redispersible powder market is expected to account for second-highest revenue share in the global market, and is projected to register a CAGR of over 4%. This is attributed to high demand for redispersible powder from various sectors, especially from the construction sector in the country.
The market in China is projected to register highest CAGR of around 5%, which is relatively higher than that of markets in other regions. Increasing investments into construction in public and private sectors in the country coupled with increasing government initiatives for providing affordable housing to its citizens is another major factor fuelling growth of the China market over the forecast period.
Moreover, markets in Japan and Southeast Asia are also projected to witness moderate growth over the forecast period due to increasing construction activities and rising demand for redispersible powder.
Furthermore, increasing foreign investments in Indonesia by countries such as Japan, Singapore, China etc. is expected to boost growth of the construction industry in the country, which in turn is expected to fuel growth of the target market.
Global Redispersible Powder Market Segmentation:
- Segmentation by Product Type:
- Vinyl acetate-ethylene copolymer
- Vinyl ester of versatic Acid copolymer
- Styrene butadiene
Segmentation by Application:
- Gypsum Plaster
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- BASF SE
- AkzoNobel N.V.
- DowDuPont Inc.
- Ashland Global Holdings Inc.
- Hexion Inc.
- Organik Kimya San. ve Tic. A.S.
- Bosson Union Tech (Beijing) Co., Ltd.
- The Nippon Synthetic Chemical Industry Co., Ltd.
- Wacker Chemie AG
- Acquos Pty Ltd.
- Dairen Chemical Corporation
- VINAVIL S.p.A
- Shanxi Sanwei Group Co., Ltd.
- Puyang Yintai New Building Materials Co., Ltd.
- Shandong Micron Chemical Co., Ltd.
- Guangzhou Yuanye Industrial Co., Ltd.
- Shaanxi Xutai Technology Co. Ltd.
- Jiangsu Zhaojia Materials Technology Co., Ltd.
- 1 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Product
- 2.2.2 Market Snapshot, By Application
- 2.0.3 Market Snapshot, By Region
- 2.0.4 Prudour Opportunity Map Analysis
- 3.0.1 Global Redispersible Powder Market Dynamics
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