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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 2025.
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Some of The Redispersible Polymer Powder Market Growth Drivers:
1. Growing developments in the global construction industry
2. Rising demand for green buildings
3. Rising residential projects in Asia Pacific
Growing construction sector across the world will drive the redispersible polymer powder industry demand by 2025. 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 2025.
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 2025.
Browse key industry insights spread across 240 pages with 406 market data tables & 23 figures & charts from the report, “Redispersible Polymer Powder Market Size By Polymer (Acrylic, Vinyl Acetate Ethylene [VAE], Vinyl Esther of Versatic Acid [VeoVA]), By Application (Tiling & Flooring, Mortar & Cement, Insulation System, Plastering & Gypsum), By End-user (Residential, Commercial, Institutional, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/redispersible-polymer-powder-market
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.
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.
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Redispersible polymer powder industry share is extremely competitive, with numerous players. The main players include DowDupont, Bosson Union Tech, Dairen Chemical, Synthomer, Organik Kimya San. Tic. A.S. and Shanxi Sanwei.
Partial Chapter of the Table of Content
Chapter 5. Redispersible Polymer Powder Market, By Application
5.1.Global redispersible polymer powder market application insights
5.2.Tiling & flooring
5.2.1. Market estimates and forecast, 2014 – 2025
5.2.2. Market estimates and forecast, by region, 2014 – 2025
5.3.Mortar & cement
5.3.1. Market estimates and forecast, 2014 – 2025
5.3.2. Market estimates and forecast, by region, 2014 – 2025
5.4.Insulation system
5.4.1. Market estimates and forecast, 2014 – 2025
5.4.2. Market estimates and forecast, by region, 2014 – 2025
5.5.Plastering & gypsum
5.5.1. Market estimates and forecast, 2014 – 2025
5.5.2. Market estimates and forecast, by region, 2014 – 2025
5.6.Others
5.6.1. Market estimates and forecast, 2014 – 2025
5.6.2. Market estimates and forecast, by region, 2014 – 2025
Chapter 6. Redispersible Polymer Powder Market, By End-user
6.1.Global redispersible polymer powder market end-user insights
6.2.Residential
6.2.1. Market estimates and forecast, 2014 – 2025
6.2.2. Market estimates and forecast, by region, 2014 – 2025
6.3.Commercial
6.3.1. Market estimates and forecast, 2014 – 2025
6.3.2. Market estimates and forecast, by region, 2014 – 2025
6.4.Institutional
6.4.1. Market estimates and forecast, 2014 – 2025
6.4.2. Market estimates and forecast, by region, 2014 – 2025
6.5.Industrial
6.5.1. Market estimates and forecast, 2014 – 2025
6.5.2. Market estimates and forecast, by region, 2014 – 2025
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Website: https://www.gminsights.com/industry-analysis/redispersible-polymer-powder-market
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