In the modern era, the industry of chemicals are very
much developed and innovative with the introduction of new and advanced
technologies in the premises for the gaining the effective growth across the
globe. Whereas, the redispersible polymer powder are the polymer mixtures which
have been transformed by an array of process such as
spray drying, high temperatures and pressures and surface treatment to powdered
thermoplastic resin materials. Moreover, the product is widely used in the
construction industry for improving key properties of cement-based
formulations. The key players of the redispersible polymer powder market around
the globe are doing effective development in making the product for attaining
the highest market growth. Whereas, boom in residential construction activity,
growing non-residential construction activity and growing tile market are the
major key drivers of the market which will lead to an effective growth around
the globe in the coming years more significantly.
According to the report analysis, ‘Global
Redispersible Polymer Powder Market Research Report - Forecast to 2023’
states that some of the major companies which are currently functioning in this
market more actively for gaining the huge market share around the globe by
develop the applications of the products in the near future includesWackerChemie
AG (Germany), The Dow Chemical Company (US), Acquos (Australia), Akzo Nobel NV
(Netherland), Ashland Global Holding (US), HexionInc (US), SynthomerPlc (UK), Bosson
Union Tech (China), BASF SE (Germany), PuyangYintai Industrial (China), Benson
Polymers Limited (India), Dairen Chemical Corporation (China), Organic Kimya
(Turkey)and DivnovaSpecialities (India). Despite the major drivers of the
market, some restraints are also present which widely hinder the market growth
such as the volatility of the raw material prices and challenges in the spray
drying. For instance, on the basis of application, in 2016 the tiling and
flooring sector held the highest market share and is projected that to pursue
its dominance in the coming years. In
2016, the tiling and flooring sector was worth at USD 533.8 million and is
anticipated to account a CAGR of 7.2% in the valuation period.
In 2016, the sector of the mortars held the second
highest market share. Meanwhile, the insulation system sector is anticipated to
rise at an effective CAGR of 7.3%. Moreover, on the basis of type, the vinyl
acetate-ethylene sector is forecasted to observe an effective growth at a CAGR
of 7.5% whereas, the acrylic sector is anticipated to be the leading sector
across the globe in the market of redispersible polymer powder.
Based on the geography, the market of the
redispersible polymer powder is spread around the globe more significantly
which majorly includes highly reputed and developed regions such as North
America, Europe, Asia-Pacific region, Latin America, Middle East and Africa and
rest of the world. While in 2016, the region of Asia Pacific held the market
share and is forecasted to increase at a CAGR of 7.6%. China was the highest
regional market and registered for the market volume of 80.88 kilotons in the
same years. It is expected that in the coming years the market of re-dispersible
polymer powder across the globe will grow more significantly over the decades
with the effective support of the new entrants financially.
For more information on the research
report, refer to below link:-
