Market Insights:
Redispersible
polymer has various applications which ensure its markets growth as the demand
growing in various industry verticals. Market Research Future (MRFR) has
released an exhaustive report on the global redispersible polymer powder market
which reveals that the global market is expected to witness healthy growth at a
CAGR of 6.66% during the forecast period of 2017 to 2023. Market growth is
primarily expected to be influenced by exponential growth in construction
activities, which is expected to grow to reach an estimated evaluation of USD
2,378.2 million by 2023.
The
construction sector is witnessing a boom, particularly in fast emerging
markets. The rapid urbanization in emerging markets has resulted in increased
construction of housing complexes and other residential construction. Rising
disposable incomes has further increased demand for housing. Moreover,
commercialization in these emerging markets, and on a global scale has resulted
in increased investments in infrastructure and other non-residential
construction activities. Subsequently, the demand for tile has also grown along
with the construction sector. Redispersible polymers are extensively applied in
tiling as a tiling adhesive. However, the volatility of raw material prices is
expected to hinder market growth. Despite this, the demand is likely to keep
steady and perpetuate growth via various opportunities for market expansion.
Market Segmentation
MRFR's
segmental analysis has been performed on the basis of type, application,
end-use industry, and region. By type, the market is segmented into acrylic
redispersible polymer powder, styrene butadiene redispersible polymer powder,
verova redispersible polymer powder, vinyl acetate-ethylene redispersible
polymer powder, and others. Acrylic redispersible polymer powder market
dominates the market with the largest share due to its extensive use in the
production of joint fillers, grouts, and tile adhesives. Meanwhile, the vinyl
acetate-ethylene redispersible polymer segment is set to witness the highest
growth at a CAGR of 7.50%.
By
application, the market is segmented to include tiling & flooring,
plastering, mortars, insulation systems, and others. The tile and flooring
segment possessed over one-third of the market share and was valued at USD 533.8
million in 2016. The segment is expected to witness a CAGR of 7.24% during the
assessment period due to the extensive use of redipersible polymer powders in
tiling adhesives. The insulation system segment is expected to witness the
fastest growth during the forecast period at a CAGR of 7.28% due to the rising
demand from the construction sector.
Based on
end-use industry, the market is categorized into residential construction,
industrial construction, and non-residential construction.
Globally,
the market has been reviewed by North America, Asia-Pacific (APAC), Latin
America, Europe, and the Middle-East and Africa.
Key Players
ü BASF SE
ü Acquos
ü The Dow Chemicals Company
ü Bosson Union Tech
ü Akzo Nobel N.V.
ü Dairen Chemical Corporation
ü Divnova Specialities
ü Organic Kimya
ü Puyang Yintai Industrial
ü Wacker Chemie AG
ü Ashland Global Holding
ü Hexion Inc, Benson Polymers
Limited
ü Synthomer Plc
Latest Industry News
Organik
Kimya has announced its planned investment in a second spray dryer to increase
its production capacity of redispersible polymer powder. The production
capacity is expected to double and will be operational by 2020.
Regional Analysis
Asia
Pacific leads the market and is likely to remain a key region in the global
redispersible polymer powder market during the assessment period and is
expected to witness a CAGR of 7.59% during the assessment period. The region
has several fast emerging markets with high construction activities, both
residential, nonresidential, and industrial. Growing foreign investments have
put the region in the spotlight and fueled its growth. APAC has attracted the
attention of several market players who are increasing investments there to
meet the high demand in the region and leverage the availability of reduced
overhead costs. China leads the region with the largest regional market share
and is followed by Japan which is expected to experience a CAGR of more than 6%
during the review period.
Europe
accounts for the second largest market with a 25% share of the global market
and a dynamic CAGR of 5.99% over the assessment period. Germany and Italy lead
market growth for the region while Poland is expected to grow at the highest
CAGR. The region's growth is primarily owing to the increasing demand and
inclination toward the construction of green buildings. Moreover, the regions
construction industry is recovering rapidly and is a significant factor
influencing the increase in demand.
COVID-19 Impact Analysis on Aluminum Extruded Products
Market@ https://www.marketresearchfuture.com/report/covid-19-impact-aluminum-extruded-products-marketCOVID-19 Impact Analysis on Artificial or Synthetic Leather Market@ https://www.marketresearchfuture.com/report/covid-19-impact-artificial-synthetic-leather-market
COVID-19 Impact Analysis on Bio-Based Chemicals Market@ https://www.marketresearchfuture.com/report/covid-19-impact-bio-based-chemicals-market
COVID-19 Impact Analysis on Surfactant Market@ https://www.marketresearchfuture.com/report/covid-19-impact-surfactant-market
No comments:
Post a Comment