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:-
Ankur Gupta, Head Marketing