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Report Overview
The global redispersible polymer powder market was valued to reach a market size of USD 2.02 Billion in 2023. The industry is expected to grow at a CAGR of 5.70% during the forecast period of 2024-2032. The increasing demand for high performance construction materials, due to the increased residential and commercial construction, is driving the growth of the global redispersible polymer powder market, as it enhances adhesion, durability, and flexibility in various applications, thus aiding the market to attain a valuation of USD 3.33 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The U.S. Census Bureau and Housing Department said that 1,416,000 housing units were completed in January 2024, showing tremendous growth in U.S. residential construction. This growth increases the redispersible polymer powder required to enhance the bonding of construction materials, flexibility, and waterproofing. Its utilization ensures high-performance, strong structures, thus boosting the growth of the redispersible polymer powder market.
- India is the second-largest employer and sixth-largest FDI recipient in 2022, and its construction sector is expected to become the world's third-largest market by 2025. This industry fuels the global demand for redispersible polymer powder, which is essential for modern construction practices such as cement-based adhesives, exterior wall coatings, and waterproofing applications, ensuring sustainable infrastructure development.
- Redispersible polymer powder helps improve the adhesion, flexibility, waterproofing, and durability of construction materials. It decreases shrinkage, allows for controlled setting, and offers better workability. Redispersible polymer powder, therefore, is highly recommended in applications such as tile adhesives, plasters, and self-leveling compounds. Its properties fulfill the dynamic needs of constructions, making it increasingly required in residential, commercial, and infrastructure projects worldwide.
Competitive Landscape
Innovation, sustainability, and performance improvement are key thrust areas of the leading global redispersible polymer powder market players for capturing growing demand. Firms seek investments in greener formulations, thereby cutting down environmental footprint through added durability and functionality in end products. Further expansion into new markets that are emerging and triggered by increased construction activities is their goal. Redispersible polymer powder companies want to invest in the development of more environmentally friendly products through increasing the durability and functionality of the end products. Their objective is to push through expansion to other forthcoming markets that have been brought about by increased construction.
Key Market Players
Key industry leaders in this market are:
BASF SE, a global leader in chemicals and materials headquartered in Germany, was established in 1865. It offers a diverse range of products for industries such as automotive, construction, agriculture, and consumer goods.
Celanese Corporation, a leading global producer of specialty materials and chemical products, was established in 1918 and is headquartered in Texas. It serves industries such as automotive, electronics, consumer goods, and healthcare with innovative solutions.
Dairen Chemical Corporation, a major producer of petrochemicals, plastics, and specialty chemicals, was founded in 1949 and is based in Taiwan. It supplies various industries such as automotive, electronics, packaging, and construction with high-quality materials and solutions.
Other key players in the global redispersible polymer powder market are The Dow Chemical Company, Jinan Maissen New Material Co., Ltd, Wacker Chemie AG, WOTAI, and Sumitomo Chemical Co. Ltd among others.
Redispersible Polymer Powder Market Report Snapshots
Redispersible Polymer Powder Market Size
Redispersible Polymer Powder Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 2.02 Billion.
The redispersible polymer powder market is assessed to grow at a CAGR of 5.70% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 3.33 Billion by 2032.
The expansion of the global redispersible polymer powder market is driven by the growth in the construction sector, rising demand from the non-residential segment, advancements in technology, and the development of sustainable formulations.
The redispersible polymer powder market is categorised according to its type, which includes vinyl acetate ethylene (VAE), vinyl ester of versatic acid (VeoVa), acrylic powder, and styrene butadiene.
The major players in the industry are BASF SE, Celanese Corporation, Dairen Chemical Corporation, The Dow Chemical Company, Jinan Maissen New Material Co., Ltd, Wacker Chemie AG, WOTAI, and Sumitomo Chemical Co. Ltd among others.
Based on the application, the redispersible polymer powder market is divided into mortars and cement, insulation and finish systems, tile adhesives and grouts, self-leveling underlayment, and plasters, among others.
The major areas include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124