The redispersible polymer powder market is projected to grow from USD 2.0 billion in 2020 to USD 2.8 billion by 2025, at a CAGR of 6.8% from 2020 to 2025. The market is witnessing growth due to factors such as, rising construction industries in emerging economies and the stringent regulations regarding energy savings in residential and commercial buildings, around the world. Increased spending on repair and maintenance in this industry is also driving the market. The recovering construction end-use industry in Europe and the increasing importance of green buildings are expected to provide high growth opportunities for the redispersible polymer powder market, during the forecast period.
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Rising energy costs and changing environmental regulations related to construction have created a high demand for energy-efficient and cost-efficient buildings. Green building technology uses environment-friendly resources in the entire life cycle of buildings, making them cost-efficient due to the optimum utilization of resources. Redispersible polymer powder is widely used in various green building applications, such as mortars, plasters, insulating systems, and architectural paints, to increase durability, tensile strength, impact resistance, and flexibility. It also contributes to the minimization of maintenance costs, resulting in cost-efficient buildings. These factors have increased the appeal of eco-friendly redispersible polymer powder with negligible VOC emissions, especially for use in green building construction.
Asia Pacific is the largest and the fastest-growing region in the redispersible polymer powder market
Asia Pacific is the largest and the fastest-growing region in the redispersible polymer powder market owing to the increasing investments and infrastructural projects undertaken by the region’s emerging economies, such as China and India. India and China are likely to increase their construction spending during the forecast period, further driving the Asia Pacific market. Countries such as Indonesia and Vietnam are continuously investing in the residential, commercial, and industrial construction end-use industries for developing roads, bridges, residential buildings, affordable housing, water supply networks, and pipelines. The private sector has also witnessed heavy investments in these countries, resulting in the growth of the construction end-use industry, which would further benefit the redispersible polymer powder market.
- In June 2020, Celanese Corporation introduced Elotex FX1000, a new addition to its Elotex series. The newly added redispersible polymer powder is based on a copolymer vinyl acetate and vinyl versatate. It is used to boost the performance of high-class, flexible cementitious tile adhesives. The new product shows excellent environmental compatibility, allowing end-users to formulate tile adhesives in accordance with the stringent eco-labeling requirements for dry mortars.
- In March 2020, Wacker Chemie AG launched its first renewables-based dispersible polymer powder for construction applications. A new product line of polymeric binders based on renewable raw materials, such as bio-based acetic acid, was added to the company’s redispersible polymer powder products portfolio under the brand name VINNECO. The new redispersible polymer powder VINNECO 5044 N is mainly suitable for producing construction materials, such as waterproofing membranes or dry-mix mortars for external thermal insulation composite systems (ETICS). The product launch will help the company to cater to the growing demand for sustainable and eco-friendly products from the construction industry, owing to the rising trend of ecological and sustainable building construction around the world.
Wacker Chemie AG (Germany), Dow Inc. (US), BASF SE (Germany), Celanese Corporation (US), Acquos Pty Ltd (Australia), Synthomer plc (UK), Ashland Global Holdings Inc. (US), Japan Coating Resin Corporation (Japan), Bosson (Beijing) Chemical Co., Ltd. (China), Dairen Chemical Corporation (Taiwan), and Organik Kimya (Turkey) are among the key players leading the redispersible polymer powder market through their innovative offerings, enhanced production capacities, and efficient distribution channels.
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