Redispersible Powder Market to Witness A Perspective CAGR OF 4.8% By 2026

Redispersible powders are polymer emulsions that have been converted to powdered thermoplastic resin materials by a series of processes such as high temperatures and pressures, spray drying, and surface treatment.

The global redispersible powder market is estimated to value US$ 2.3 Bn in 2017, and is projected to register a CAGR of 4.8% in terms of value during forecast period 2017–2026. The first five-year cumulative revenue (2017–2021) is projected to be over US$ 12 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.

Growth of the global redispersible powder market is currently driven primarily by revival of the global construction sector. Rising demand for application in residential, commercial, and industrial buildings is expected to further fuel growth of the market over the forecast period.

However, issues caused by dust clouds and improper handling and storage of redispersible powder is expected to act as restraining factor to growth of the global redispersible powder market over the forecast period.

The VAE segment accounted for highest revenue share in the global redispersible powder market in 2017, and is estimated to record CAGR of over 4.5% between 2017 and 2026.

On the basis of application, the global redispersible powder market is segmented into tiling, flooring, repair, gypsum plaster, waterproofing, and ETICS. The tiling segment is anticipated to witness significant growth over the forecast period, and is expected to register a CAGR of over 5%. Also, ETICS segment is projected to witness moderate growth over the forecast period. The tiling segment accounted for highest revenue share in the global redispersible powder market in 2017, and is estimated to record CAGR of over 5% between 2017 and 2026.

The global redispersible powder market report has been segmented on the basis of product type, application, and region. On the basis of region, the global redispersible powder market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The market in Europe accounted for highest revenue share in the global redispersible powder market in 2017, and is estimated to record CAGR of over 4% between 2017 and 2026. The market in Southeast Asia accounted for lowest revenue share among all other regions.

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The market in Europe accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed to increasing construction activities and rise in government initiatives for development of existing infrastructure in countries the region. Revenue from the market in the US accounted for second-highest revenue share and is followed by the markets in China, Japan, India, and Southeast Asia respectively. This is attributed to high demand for redispersible powder from various sectors, especially from the construction sector in the country. Furthermore, the market in China is projected to witness significant growth over the forecast period, and is expected to register a CAGR of 5.3%. This can be attributed to rapid industrialization and rising demand for redispersible powder from various end use industries in the country. Also, the markets in Japan and Southeast Asia are projected to witness moderate growth over the forecast period.

Prominent players in the global redispersible powder market include BASF SE, AkzoNobel N.V., DowDuPont Inc., Ashland Global Holdings Inc., Hexion Inc., Organik Kimya San. ve Tic. A.S., Bosson Union Tech (Beijing) Co., Ltd, The Nippon Synthetic Chemical Industry Co., Ltd., Wacker Chemie AG, Acquos Pty Ltd., Dairen Chemical Corporation, VINAVIL S.p.A, Shanxi Sanwei Group Co., Ltd., Puyang Yintai New Building Materials Co., Ltd., Shandong Micron Chemical Co., Ltd., Guangzhou Yuanye Industrial Co., Ltd., Shaanxi Xutai Technology Co. Ltd., and Jiangsu Zhaojia Materials Technology Co., Ltd.

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