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Europe Redispersible Polymer Powder Market Is Projected To Witness Significant Gains During 2019–2025

Author : Rahul Varpe | Published Date : 2019-09-20 

The Redispersible Polymer Powder Market study by Global Market Insights, Inc., is a collation of valuable insights related to market size, market share, profitability margin, growth dynamics and regional proliferation of this business vertical. The study further includes a detailed analysis pertaining to key challenges, growth opportunities and application segments of the market.

Europe will 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. Asia Pacific will also have significant growth rate in redispersible polymer powder industry 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.

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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.

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.

Redispersible Polymer Powder Market by Application

  • Tiling & flooring
  • Mortar & cement
  • Insulation system
  • Plastering & gypsum
  • Other applications

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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.

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.

Read more news @ https://www.marketwatch.com/press-release/nanosilver-market-by-end-user-analysis-and-regional-trends-to-2024-2019-09-20

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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