DUBLIN, May 24, 2022--(BUSINESS WIRE)--The "Global Redispersible Polymer Powder Market, By Polymer, Application, End-User & By Region - Forecast and Analysis 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global redispersible polymer powder market was valued at USD 1.68 Billion in 2021, and it is expected to reach a value of USD 2.28 Billion by 2027, at a CAGR of more than 5.20% over the forecast period (2022 - 2027).
The primary factor that catalyzes the market growth includes the significant demand for redispersible powder in the building & construction industry. The redispersible powder is highly preferred in building & construction applications. It is mixed with mortars, tiling adhesives, gypsum, grouts, & renders and enhances properties of these products.
Mixing of RDP in these products ensures better mortar workability, ensure long-term durability, and offers abrasion resistance. RDP is also used for superior flow properties & high-water repellence, cement-based plaster & waterproofing, thermal insulation systems & self-levelling in buildings. Hence, attributing to such properties, the demand for RDP is likely to increase in the sector.
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.
The report provides market sizing and forecast across five major regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). In this report, the year 2016 to 2020 is considered a historical year, 2021 is the base year, 2022 is the estimated year, and years from 2022 to 2027 are considered the forecast period.
Top-down and bottom-up approaches were used to estimate and validate the size of the redispersible polymer powder market and to estimate the size of various other dependent submarkets.
The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research.
This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Aspects covered in this report
Based on Polymer, this market is segmented into Acrylic, Vinyl Acetate Ethylene [VAE], Vinyl Ester of Versatic Acid [VeoVA].
Based on Application (, this market is categorized into Tiling & Flooring, Mortar & Cement, Insulation systems, Plastering & Gypsum, and Interior powder paint.
Based on End-User, this market is segmented into Residential, Commercial, Institutional, and Industrial.
Based on region, this market is categorized into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
The Major players operating in this report study include:
Dow Chemical Company
Sidley Chemical Co. Ltd.
Wacker Chemie Ag
Henan Botai Chemical Building Materials Co.Ltd
Kima Chemical Co.Ltd
Joyforce Chemical Industrial Co. Ltd
Akzonobel Functional Chemicals`
For more information about this report visit https://www.researchandmarkets.com/r/2nolze
View source version on businesswire.com: https://www.businesswire.com/news/home/20220524005598/en/
Laura Wood, Senior Press Manager
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