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Report Overview
The global redispersible polymer powder market size reached USD 2.02 billion in 2023. The market is expected to grow at a CAGR of 5.7% between 2024 and 2032, reaching almost USD 3.33 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- Data from the U.S. Census Bureau and Housing Department suggests growth in U.S. residential construction, with 1,416,000 housing units completed in January 2024, boosting the global redispersible polymer powder market growth.
- India's construction industry ranks as the second-largest employer and sixth-largest FDI recipient in 2022, poised to become the world's third-largest market by 2025, boosting polymer powder demand globally.
- Redispersible polymer powder offers numerous benefits in construction such as improved adhesion, flexibility, waterproofing, workability, durability, shrinkage reduction, controlled setting, and versatile applications.
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
The market was estimated to be valued at USD 2.02 billion in 2023.
The market is projected to grow at a CAGR of 5.7% between 2024 and 2032.
The revenue generated from the redispersible polymer powder market is expected to reach USD 3.33 billion in 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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