PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1490225
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1490225
Redispersible Polymer Powder Market size was valued at USD 2,390.81 Million in 2023, expanding at a CAGR of 5.94% from 2024 to 2032.
Redispersible polymer powder (RDP) is a versatile additive used in various industries, including construction, paints and coatings, and adhesives. RPP is commonly used in tile adhesives and grouts to improve adhesion, water resistance, and flexibility. RPP can be used in paper coating formulations to enhance strength, water resistance, and printability. While RPP offers a wide range of benefits, its compatibility with other components in formulations, such as cement, polymers, and additives, needs to be carefully considered to avoid any adverse effects on performance.
Redispersible Polymer Powder Market- Market Dynamics
Rapid urbanization and increasing construction propelling market growth
As urban populations grow rapidly, there's a corresponding demand for infrastructure development, including residential, commercial, and industrial buildings, as well as transportation networks. RPPs play a crucial role in meeting these requirements by improving the properties of construction materials. Additionally, RPPs contribute to the development of eco-friendly construction solutions by reducing the environmental impact of buildings through improved energy efficiency and sustainability. Two "Elotex" re-dispersible polymer powders from Akzo Nobel Specialty Chemicals have been recognized for their environmental benefits for flooring additives sector clients by Environmental Leader and Energy Manager Today with a Top Product of the Year Award. Redispersible polymer powder is a high-quality, multipurpose, environmentally friendly, and building energy-saving powder that is also a crucial functional addition to dry-mix mortar.
Redispersible Polymer Powder Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.94% over the forecast period (2024-2032)
Based on product type segmentation, Vinyl Acetate Ethylene (VAE) was predicted to show maximum market share in the year 2023
Based on end-user segmentation, Residential was the leading type in 2023
based on region, Asia Pacific was the leading revenue generator in 2023
The Global Redispersible Polymer Powder Market is segmented on the basis of Product Type, Application, End User, and Region.
The market is divided into four categories based on product type: vinyl acetate-ethylene, Veova, styrene-butadiene, and others, etc. With its wide range of uses in the manufacturing of joint filters, cementitious tile adhesives, and grouts, acrylic re-dispersible polymer powder is now dominating the market among these varieties. Acrylic re-dispersible polymer is a type of polymer often used in construction materials like mortars, tile adhesives, grouts, and cement-based products. It's typically a powdered form of an acrylic polymer that is added to these materials to improve their performance and properties.
The market is divided into three categories based on end-use industry: Residential, Commercial, and Industrial. The demand for re-dispersible polymer powder in residential buildings is expected to increase because of the rapidly growing population and the economies of nations like China and India. Redispersible polymer powders are often added to tile adhesives to enhance their bonding strength, flexibility, and water resistance. This ensures that tiles remain firmly attached to walls or floors in residential settings, even in high-moisture areas like bathrooms and kitchens.
Redispersible Polymer Powder Market- Geographical Insights
The Redispersible Polymer Powder market is anticipated to be dominated by the Asia Pacific region. This is due to rising building and construction expenditures, which have increased cement consumption and the amount of construction chemicals added to cement and concrete for a variety of uses. Regarding significant investments in the commercial and residential sectors, China holds the top spot. This region is experiencing rapid urbanization and rising foreign direct investment, which are driving up market prices. However, with more and more manufacturers looking to establish their distribution networks and foothold in the nation, Japan has become the second-biggest market in this area. The market for re-dispersible polymer powder will be dominated by North America because of the region's growing R&D activity, growing end-user demand from the construction industry, and growing desire for green buildings.
Major players in re-dispersible polymer powder are Synthomer, Benson Polymers, AkzoNobel, DowDuPont, Organik Kimya, Clariant, Wacker Chemie, Dongxing Chemical, Arkema, and Dairen Chemical Corporation. BASF is one of the leading players in the global RPP market. It offers a wide range of RPP products catering to various applications such as construction, paints & coatings, and adhesives. BASF's strong R&D capabilities and global presence give it a competitive edge. Moreover, Dow is a key player in the RPP market, offering a diverse portfolio of products for applications in construction, pharmaceuticals, and textiles. The company's focus on sustainability and customer-centric innovation helps it stay competitive in the market. For instance, the new re-dispersible polymer powder is mainly suitable for producing construction materials, such as waterproofing membranes or dry-mix mortars. This is an ecological and sustainable building construction that plays a key role in global efforts to reduce CO2 emissions
In October 2023, The industry pioneer Mallard Creek Polymers (MCP), which focuses on artificial water-based emulsions for various applications and markets, announced a substantial increase in the range of products it offers. The company is expanding its product line to accommodate the increasing demand for these necessary components by introducing a range of re-dispersible powders and vinyl acetate-ethylene (VAE) emulsions.
In March 2021, Akzo Nobel N.V. completed the acquisition of 100% of the shares of Industrias Titan S.A.U. strengthening its paints business and footprint in Spain.
GLOBAL REDISPERSIBLE POLYMER POWDER MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Nouryon
Dairen Chemical Corporation
BASF SE
Wacker Chemie AG
Dow
Divnova Specialities
Akzo Nobel N.V
Hexicon Inc
Synthomer Plc
Puyang
Acquos
Kyban Polymer
Others