A Redispersible Polymer Powder Market Forecasts to 2028 – Global Analysis By Type (Vinyl Acetate Ethylene (VAE), Vinayl Ester of Versatic Acid

Redispersible Polymer Powder Market Forecasts to 2028 – Global Analysis By Type (Vinyl Acetate Ethylene (VAE), Vinayl Ester of Versatic Acid , Acrylic , Veova and Styrene Butadiene), Application (Plasters and Gypsum, Tiling and Flooring, Grouts, Mortars and Cements and Insulation and Finish Systems), End Users(Residential, Non-Residential and Commercial) and By Geography

According to Stratistics MRC, the Global Redispersible Polymer Powder Market is accounted for $1.88 billion in 2022 and is expected to reach $3.00 billion by 2028 growing at a CAGR of 8.1% during the forecast period. The redispersible polymer powder is widely used in the residential and commercial construction industries because it enhances the water retention of dry-mix mortar and creates a film to lessen water evaporation. These powdered organic binders can create new emulsions with nearly identical properties to the original copolymer emulsions when combined with water.

According to, BP Statistical Review of World Energy, in the recent year there is been an augment in the cost volatility of crude oil, such as the cost fell from $98.95 in 2014 to $52.39 in 2015 and then augmented from $43.73 in 2016 to $71.31 in 2018.

Market Dynamics:

Driver:

The expansion of government initiatives supporting the construction industry

Government spending on building and construction industry expansion has led to a boom in the sector across a number of geographic areas. The Singaporean government spends at least S$2 billion on public infrastructure each month, according to the Australian Trade and Investment Commission. The Netherlands' construction industry is also flourishing thanks to the government's program for a circular economy, which aims to create a circular economy in the nation by 2050. Additionally, due to various government initiatives like foreign direct investment (FDI), the building and construction industries are expanding as well. The chemical properties of dry-mix mortar and other dry-mix products are improved by redispersible polymer powders, which are widely used in the construction industry to increase the strength of these buildings. Therefore, such government investments and initiatives in the construction sector serve as a market driver.

Restraint:

Price fluctuations for raw materials

The price swings related to redispersible polymer powder's raw materials will restrain market expansion. The primary raw material used to create redispersible powder is ethylene, a byproduct of naphtha. The price of the product will directly increase if the price of naphtha rises as a result of the fluctuation in the price of crude oil. The price volatility of crude oil has increased recently, as evidenced by the fact that it dropped from $98.95 in 2014 to $52.39 in 2015 and then increased from $43.73 in 2016 to $71.31 in 2018. This is according to the BP Statistical Review of World Energy. Other raw materials have also seen price increases in recent years, including acrylic resin, acetic acid, and vinyl acetate monomer. The production costs will be impacted by the pricing dynamics, which are also likely to reduce consumer demand for redispersible polymer powder. Consequently, a significant obstacle to the stability of the redispersible polymer powder market is the volatile raw material market.

Opportunity:

Numerous features of redispersible polymer powder

One of the main factors propelling the growth of the global redispersible polymer powder market is the extensive characteristics of redispersible polymer powder when used in construction mixtures. Construction engineers strongly favor powdered thermoplastic resin materials like redispersible polymer powder for the enhancement of bonding strength, counter-bending and tensile strength, impact resistance, wear resistance, durability, and freeze-thawing stability. These powdered organic binders can be mixed with water to create brand-new emulsions with essentially the same properties. As a result, the use of redispersible polymer powder is now essential in the modern construction sector. Due to this, its sales have significantly increased, which has positively impacted the growth of redispersible polymer powder as a whole.

Threat:

Environmental policies and strict regulations

The global Redispersible Polymer Powder market expected to hamper growth during the forecast period. The Environmental Protection Agency (EPA), the European Union (EU), the Globally Harmonized System (GHS), and the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) are just a few of the emerging nations' governments' strict environmental policies and regulations that place a significant burden on the market.

Covid-19 Impact:

The COVID-19 outbreak has had a significant negative impact on most business sectors. Corona cases were growing daily throughout the world, which caused people's physical, mental, and financial health to deteriorate. Most emerging nations are enforcing stringent laws like lockdowns, transportation bans, manufacturing sector shutdowns, public service shutdowns, and others to stop the spread of the virus. Restrictions on travel and transportation led to a decline in automobile sales as well as a reduction in refrigerant use.

The vinyl acetate-ethylene segment is expected to be the largest during the forecast period

In 2020, the vinyl acetate-ethylene (VAE) market held the largest share in the redispersible polymer powder market due to its low price and exceptional qualities. Redispersable powders (RDPs) made from VAE are simple to handle, store (with excellent storage stability), ship, and more. The powdered vinyl acetate homopolymer is widely used in manufacturing dry-mix mortar, tile adhesives, grouts, finishing plasters, troweling compounds, sealing slurries, and grouts. The redispersible powders with a vinyl acetate-ethylene (VAE) base are especially suggested for use in conjunction with inorganic binders like cement, gypsum, and hydrated lime or as the only binder in the production of construction adhesives. As a result, the primary driver of market growth during the forecast period is the wide range of applications and properties of redispersible polymer powder based on vinyl acetate ethylene (VAE).

The industrial segment is expected to have the highest cagr during the forecast period

The industrial segment is anticipated to witness the fastest CAGR growth during the forecast period, Due to the significant investment required for the construction of industrial buildings, which are significantly impacted by urbanization, the industrial construction segment currently holds a monopoly on the market. Due to significant financial investments made in the building of manufacturing facilities, warehouses, and other industrial structures, the market is expected to grow quickly and maintain its dominance.

Region with highest share:

In the global market, Europe is the dominant continent. Due to its significant financial investments in the development of both residential and non-residential infrastructure, the European subcontinent is the market leader for RDP, or redispersible powder. The European Commission has mandated the use of energy-efficient renovation and eco-friendly materials for existing residential areas in Europe as a result of the residential building sector's stringent regulations regarding energy usage and rising emissions of toxic chemicals during construction work. The European Union (EU), which places a high priority on energy conservation, has introduced a number of programs that offer grants to homeowners for making their homes more energy-efficient. The demand for RDP powder is being driven by the expanding government initiatives that are promoting repair and maintenance activities in the European subcontinent.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, due to its expanding industrialization, urbanization, and infrastructure development efforts, the Asia Pacific region is anticipated to have the fastest rate of growth. The region's developing nations are investing in brand-new construction initiatives. Regional growth is being aided by the presence of important suppliers like Japan Coating Resin Corporation, Materials Company Ltd., Bosson, and Sidley Chemical.

Key players in the market

Some of the key players in Redispersible Polymer Powder market include Acquos, AkzoNobel Functional Chemicals, Arkema, Ashland Global Holding , Benson Polymers, Clariant, Dairen Chemical Corporation, Divnova Specialities , Dongxing Chemical, Dow Chemical Company, Henan Botai Chemical Building Materials Co.,Ltd, Hexicon Inc , Joyforce Chemical Industrial Co., Ltd, Kima Chemical Co.,Ltd, Madhur Construction Chemical, Nouryon, Organik Holding, Polymers International (pvt.)Ltd, Puyang, Sidley Chemical Co., LTD., Synthomer Plc and Wacker Chemie AG

Key Developments:

In June 2020, one of the leading enterprises, Celanese Corporation introduces the advanced Elotex range, Elotex FX 1000. This latest powder is based on vinyl versatile and copolymer vinyl acetate and helps in boosting the performance and quality of flexible, high-class, cementitious tile adhesives. This Elotex FX1000 also exhibits impressive eco-friendliness by helping the end-use industries to design the tile adhesives according to the strict environmental regulations about dry mortars.

In April 2020, Celanese Corporation acquired Nouryon’s redispersible polymer powders business offered under the Elotex brand. As part of the acquisition, Celanese has acquired all of Nouryon's global redispersible polymer powder production facilities across Europe and Asia.

Types Covered:
• Vinyl Acetate Ethylene (VAE)
• Vinayl Ester of Versatic Acid
• Acrylic
• Veova
• Styrene Butadiene
• Ethylene Vinyl Acetate
• Dispersible
• Other Types

Applications Covered:
• Plasters and Gypsum
• Tiling and Flooring
• Grouts
• Mortars and Cements
• Insulation and Finish Systems
• Self-Leveling Underlayment
• Organic Derivatives
• Renders
• Other Applications

End Users Covered:
• Residential
• Non-Residential
• Commercial
• Industrial/Institutional
• Infrastructure
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements