Who produces redispersible polymer powder?

Redispersible Polymer Powder Market Industry Leaders

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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, owing to increasing demand from the construction end-use industry, especially for residential construction. 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.

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Browse 187 market data tables and 48 figures spread through 199 pages and in-depth TOC on “Redispersible Polymer Powder Market, By Type (VAE, VeoVA, Acrylic and SB), Application (Tiling & Flooring, Mortars, Plastering, Insulation Systems and Others ) End-use Industry (Residential, Commercial and Industrial), Region - Global Forecast"

Redispersible Polymer Powder Market

Recent Developments in Redispersible Polymer Powder Market Industry

1. 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.
2. 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.

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The major players in the redispersible polymer powder market include 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). These players have adopted the strategies of acquisitions, expansions, and product launches to strengthen their position in the redispersible polymer powder market..

WACKER Chemie AG (Germany), is the leading player in the global redispersible polymer powder market. 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.

Another important player in the global redispersible polymer powder market is Celanese Corporation (US). In April 2019, Celanese Corporation completed the acquisition of Nouryon’s redispersible polymer powders business, offered under the Elotex brand. With the acquisition, Celanese takes ownership of Nouryon’s global production facilities for redispersible polymer powders across Europe and Asia. Elotex has production facilities in various locations, including Frankfurt (Germany), Geleen (Netherlands), Moosleerau (Switzerland), and Shanghai (China). Celanese Corporation will integrate the Elotex product portfolio and production facilities into its global vinyl acetate ethylene (VAE) emulsions business to enhance its customer base for redispersible polymer powder in Europe and Asia Pacific.

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Redispersible Polymer Powder Market Industry New Revenue Pockets

The redispersible polymer powder market 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. Redispersible polymer powder is majorly used in the construction end-use industry. Hence, the continuous growth of this industry would drive the redispersible polymer powder market during the forecast period. Population growth, coupled with increasing infrastructural investments in emerging economies, also drives the market.

However, health hazards associated with spray drying production process is a restraint for this market growth. Redispersible polymer powder is produced by spray-drying an aqueous mixture of stabilizers and polymers. During the spray drying process, dust particles are exposed to high temperatures, resulting in the formation of a dust cloud. A spontaneous combustion reaction occurs on the exposure of the dust cloud to high temperatures. This can result in a hazardous explosion accompanied by decomposition reactions, causing serious health hazards. During this explosion, if the amount of oxygen available is less, incomplete combustion of mixtures may occur, giving rise to smoke. The smoke is a mixture of carbon monoxide, carbon dioxide, and particulate matter. Exposure to such smoke can cause irritation to the eyes, nose, and throat; difficulty in breathing; problems in lung functioning; asthma; and other cardiovascular diseases. Proper precautions need to be followed to reduce these risks, which cannot be, however, eliminated completely. Hence, these health hazards associated with the redispersible polymer powder production process restrain the market's growth.

Based on type, vinyl acetate ethylene (VAE), segment is estimated to account for the largest market share in 2020, in terms of volume and value, due to its excellent moisture resistance, durability, and affordability. These properties make the VAE redispersible polymer powder preferable for use in indoor applications, such as kitchens, bathrooms, and laundry rooms.

The residential end-use industry segment dominated the redispersible polymer powder market in 2019. An increase in population worldwide has resulted in the growth in residential construction activities. Owing to significant growth in residential projects' investments, the demand for redispersible polymer powder is expected to increase from the Middle East & Africa, Latin America, and Asia Pacific construction industries during the forecast period. Various initiatives have been undertaken to increase residential housing projects globally. However, the residential construction sector is expected to witness the highest growth in the Asia Pacific region during the forecast period.

The tiling & flooring application segment is projected to register the highest CAGR, in terms of volume and value, during the forecast period owing to increasing renovation projects and growth in decorative applications in the construction industry. Quality flooring is an essential factor in the residential, commercial, and industrial construction market where redispersible polymer powder plays an important role because of its strength, durability, moisture resistance, and low maintenance properties.

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

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