Redispersible Polymer Powder Market

24 Jun.,2024

 

Redispersible Polymer Powder Market

Updated on : March 28,

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Redispersible Polymer Powder Market

The global redispersible polymer powder market was valued at USD 2.0 billion in and is projected to reach USD 2.8 billion by , growing at a cagr 6.8% from to . The market growth is estimated to be majorly driven by growing economies of Asia Pacific region. Increasing demand from the construction industries of China, India, and Japan is majorly driving the market in the Asia Pacific region. 

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COVID-19 Impact on the Global Redispersible Polymer Powder Market

The pandemic is estimated to have a huge impact on various factors of the value chain of redispersible polymer powder market, which is expected to reflect during the forecast period, especially in the year . The various impact of COVID-19 are as follows: 

  • Impact on Construction end-use industry: According to the International Monetary Fund (IMF), the real global gross domestic product (GDP) is expected to shrink by ~3% in , which is 5.9% points lesser than the 2.9% GDP growth recorded in . The impact of COVID-19 on the construction industry is estimated to vary in different regions across the world. The IMF has predicted that there will be heavy layoffs in the construction sector and other industries in the US. In Europe, the building & construction industry is anticipated to contract by 60&#;70% in . However, in Asia Pacific, the economy of China is improving as the construction and automotive sectors in most parts of the country have resumed normal activities. This led to the growth of the economy of the country by 4% in the second quarter of . According to the Financial Express, the construction industry in India suffered significant losses from April to June . It predicts the construction industry in the country to witness a decline of 12&#;16% in investments in the current fiscal year as compared to the previous year.

Redispersible Polymer Powder Market Dynamics

Driver: Increased spending on repair and maintenance

Mortar is a significant application of redispersible polymer powder. This powder is also used in repair mortars. Increasing spending on repair and maintenance of structures in the construction industry provides growth opportunities to the redispersible polymer powder market. The poor quality of buildings and infrastructure, in terms of reliability, safety, and workability, fuels the need for repair and maintenance. Owing to significant energy usage and high emissions from the European residential building sector, the European Commission has prioritized the energy-efficient renovation of existing residential buildings in Europe. Keeping energy conservation in mind, the European Union (EU) has launched a number of schemes, providing grants for households for the energy-efficient upgrade of their homes. In addition to this, the home renovation incentive (HRI), a tax credit on expenses for repair and renovation work, has been provided by the EU. Such governmental schemes are promoting repair and maintenance activities in the European construction industry, which, in turn, is anticipated to fuel the demand for redispersible polymer powder in Europe during the forecast period. Natural calamities also lead to the need for maintenance and repair in the construction industry. In the Asia Pacific region, Australia, India, China, Sri Lanka, and the Philippines experience frequent droughts and floods. These natural disasters have led to increased spending on infrastructure repair and maintenance, thereby increasing the use of redispersible polymer powder in the construction industry.

Restraint: High risks associated with spray drying production process

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.

Opportunity: Rising demand in green buildings

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. 

Challenge: Stringent environmental regulations related to VOC emissions

Awareness about environmental pollution is increasing. Hence, various regulatory authorities, such as Hazardous to Health (COSHH); European Union (EU); Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH); Globally Harmonized System (GHS); and Environmental Protection Agency (EPA) in Europe and North America have imposed restrictions on VOC-based products. Stringent environmental regulations, such as the Joint Regional Air Quality Management Plan in Hong Kong and Clean Air Act (US), have increased the need for redispersible polymer powders with no VOC content. These stringent regulations have compelled the key players of the redispersible polymer powder market to focus their research efforts on developing no VOC products. Growing concerns about the adverse effects of formaldehyde on human health have led to the development and use of formaldehyde-free technology to manufacture redispersible polymer powder. Thus, stringent environmental regulations imposed by different governmental bodies on VOC contents act as a major challenge for the growth of the redispersible polymer powder market.

VAE is estimated to be the leading segment of redispersible polymer powder market from to , in terms of value and  volume.

VAE (vinyl acetate ethylene) is estimated to be the largest segment in redispersible polymer powder market in , in terms of value and volume. It is majorly due to the excellent properties offered by the VAE-based redispersible polymer powder products. VAE redispersible polymer powder offers 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.

Tiling & flooring application is estimated to be the fastest-growing segment of redispersible polymer powder market

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. 

Residential segment is estimated to hold the largest market share in Residential is expected to hold the largest market share in . The rapidly growing population and rising economy of countries, such as China and India, are expected to fuel residential construction activities, subsequently driving the demand for redispersible polymer powder in residential construction. 

Asia Pacific dominated the Redispersible Polymer Powdermarket, in terms of value and volume in .

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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Redispersible Polymer Powder Market Players

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. Other market players include Puyang Yintai New Building Materials Company Ltd. (China), Divnova Specialties Pvt. Ltd. (India), Sidley Chemical Co., Ltd. (China), Vinavil S.p.A. (Italy), Shanxi Sanwei Group Co., Ltd. (China), Archroma (Switzerland), Guangzhou Yuanye Industrial Co., Ltd. (China), Anhui Wanwei Group Co., Ltd. (China), and Quanzhou Sailun Building Materials Technology Co., Ltd. (China). 

Redispersible Polymer Powder Market Report Scope

Report Metric

Details

Market Size Available for Years

&#;

Base Year Considered

Forecast Period

&#;

Forecast Units

Value (USD Million and USD Billion) and Volume (Kilotons)

Segments Covered

 Type, Application, End-use Industry, and Region

Geographies Covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies Covered

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), Organik Kimya (Turkey), Puyang Yintai New Building Materials Company Ltd. (China), Divnova Specialties Pvt. Ltd. (India), Sidley Chemical Co., Ltd. (China), Vinavil S.p.A. (Italy), Shanxi Sanwei Group Co., Ltd. (China), Archroma (Switzerland), Guangzhou Yuanye Industrial Co., Ltd. (China), Anhui Wanwei Group Co., Ltd. (China), and Quanzhou Sailun Building Materials Technology Co., Ltd. (China), are some of the key players in the redispersible polymer powder market (Total of 20 companies)

 

This research report categorizes the redispersible polymer powder market based on type, application, end-use industry and region. 

Based on Type, the Redispersible Polymer Powder Market has been segmented as follows:

  • VAE (Vinyl Acetate Ethylene)
  • VeoVA (Vinyl Ester of Versatic Acid)
  • Acrylic
  • SB (Styrene Butadiene) 

Based on Application, the Redispersible Polymer Powder Market has been segmented as follows:

  • Tiling & Flooring
  • Mortars
  • Plastering
  • Insulation Systems
  • Others (EIFS & Sealing Slurries) 

Based on End-use Industry, the Redispersible Polymer Powder Market has been segmented as follows:

  • Residential
  • Commercial
  • Industrial 

Based on Region, Redispersible Polymer Powder Market has been segmented as follows:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

Recent Developments

  • In June , Celanese Corporation introduced Elotex FX, 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 , 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 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.

Frequently Asked Questions (FAQ):

What is the current size of the global Redispersible Polymer Powdermarket?

The redispersible polymer powder market is projected to grow from USD 2.0 billion in to USD 2.8 billion by , at a CAGR of 6.8% from to .

Who are the star in the global Redispersible Polymer Powdermarket?

The star companies in the redispersible polymer powder market include Wacker Chemie AG (Germany), Dow Inc. (US), BASF SE (Germany), Celanese Corporation (US), Dairen Chemical Corporation (Taiwan), and Ashland Global Holdings Inc. (US).

What is the COVID-19 impact on redispersible polymer powders in ?

COVID-19 outbreak is expected to have significant impact on the global demand for redispersible polymer powders in the construction industry in . The outbreak and the spread of the COVID-19 led to major impacts on construction industry across the world, thereby resulting in lower demand for redispersible polymer powders in when compared to . .

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Construction Grade Wall Putty Chemical Raw Material ...

Product Description

Redispersible Polymer Powder (RDP) is spray dried re-dispersible polymer emulsion latex powder, designed for the construction industry to enhance the properties of dry mortar blends, able to Redispersible in water and react with hydrate product of cement / gypsum and stuffing, form composite membrane with good mechanics intensity. It improves the important application properties of dry mortars, like longer opening time, better adhesion with difficult substrates, lower water consumption.

 

RDP-599

RDP-600

Appearance

White free flowing powder

White free flowing powder

Particle size

80μm-100μm

80μm-100μm

Bulk density

For more information, please visit hec powder solution.

400-500g/l

400-500g/l

Solid content

98 min

98 min

Ash content

8-12

12-14

PH value

6.0-8.0

6.0-8.0

MFFT

0ºC

1ºC

Key Properties:


Redispersible Polymer Powder RDP can improve adhesion,strength in bending,abrasion resistance,de-formability.It has good rheology and water retention,and can increase the sag resistance of tile adhesives,it can made up to tile adhesives with excellent non-slump properties and putty with good properties. 

Special features:


Redispersible Polymer Powder RDP has no effect on rheological preperties and is a low-emissions,General-purpose powder in the medium Tg range.It is eminently suitable for formulating compounds of high ultimate strength.

Product Details Display

Redispersible Polymer Powder RDP can improve adhesion,strength in bending,abrasion resistance,de-formability.It has good rheology and water retention,and can increase the sag resistance of tile adhesives,it can made up to tile adhesives with excellent non-slump properties and putty with good properties.Redispersible Polymer Powder RDP has no effect on rheological preperties and is a low-emissions,General-purpose powder in the medium Tg range.It is eminently suitable for formulating compounds of high ultimate strength.

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