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Redispersible Polymer Powder Market
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Redispersible Polymer Powder Market Size 2021 Industrial Trends, Future Developments, Regional Outlook and Forecast 2026 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Global Market Scenario of Redispersible Polymer Powder Industry • According to the report by GMI, Asia Pacific will have significant growth rate in redispersible polymer powder market due to high growth in the construction sector. Increasing construction activities for development of residential building & structures in the major countries including India, Indonesia, China, etc. are likely to drive the product demand in Asia Pacific. • Europe will also hold significant share in the industry due to presence of key industry players. The region has reported significant increase in the number of construction activities. Rising construction industry in Italy, France and Spain will propel the regional redispersible polymer powder demand by 2026. • Growing construction sector across the world will drive the redispersible polymer powder industry demand by 2026. The product is extensively used in a variety of construction chemicals including gypsum, grouts, mortars, renders, tiling adhesives etc. to enhance the physical properties of the modern structures and buildings. The product enhances the levelling, abrasion resistance, and aesthetic properties of these construction chemicals. Increasing expenditure in the construction sector will further propel the redispersible polymer powder demand by 2026. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Continue:- • Another key growth enabling factor is increasing residential projects in the Asia Pacific, which will drive the product demand by 2025. This is due to population increase in the region, which has grown to around 4 billion people in 2018. Increasing migration from rural areas to urban cities will further drive the demand for more residential buildings in the near future, which will enhance the redispersible polymer powder market demand by 2026. • According to polymers, the industry has been segregated into vinyl ester of versatic acid (VeoVA), vinyl acetate ethylene (VAE), acrylic and other polymers. VeoVA product segment will grow at a CAGR of approximately 7% in the near future due to growing product demand in the applications of plasters and mortars. Redispersible polymer powder enhances key properties such as flexural strength and adhesion properties of these construction chemicals. • Application segment of the redispersible polymer powder industry includes, mortar & cement, tiling & flooring, plastering & gypsum, insulation system and other applications. Mortar & cement will account for approximately 30% share of overall industry in next few years. Increasing usage of redispersible polymer powder in enhancing chemical properties of the mortars is responsible for the segment’s growth. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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360° Industry Analysis • On the basis of end-user industry, the industry has been categorized into commercial, residential, institutional and industrial. Commercial segment will grow at an approximately 7% CAGR in next few years. Growing product demand in the construction of office building and shopping complexes will drive the segment’s growth. • Institutional application section will hold around 20% share of the overall industry. This is attributed to the increasing product demand in the construction of colleges, schools, institutional buildings, etc. Request for customization:https://www.gminsights.com/roc/4060 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Competitive Analysis: • Redispersible polymer powder industry share is extremely competitive, with numerous players. The main players include DowDupont, Bosson Union Tech, Dairen Chemical, Synthomer, OrganikKimya San. Tic. A.S. and Shanxi Sanwei. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Latest Research Report On Redispersible Polymer Powder Market@ https://www.gminsights.com/industry-analysis/redispersible-polymer-powder-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/4060 Request for customization: https://www.gminsights.com/roc/4060 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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