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Redispersible Polymer Powder Market Share

Report ID: GMI4060
Published Date: Nov 2024
Report Format: PDF

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Redispersible Polymer Powder Market Share

Global Redispersible Polymer Powder Company Market Share Analysis, 2023

In 2023, key companies like BASF SE, Wacker Chemie AG, Dow Inc., Synthomer plc, and Akzo Nobel N.V., held a combined market share of 50-55%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Companies are intensifying their research and development efforts to create innovative formulations that meet the evolving demands of the construction industry. Manufacturers are focusing on product differentiation by enhancing their powders with improved properties such as increased flexibility, better adhesion, and enhanced water resistance. Competitive strategies also involve expanding into new geographic regions, particularly emerging markets with growing construction sectors. Companies that successfully innovate and adapt to market trends, such as the increasing emphasis on sustainable and eco-friendly construction materials, are likely to gain a competitive edge in this dynamic market landscape.

Redispersible Polymer Powder Market Companies

Major players operating in the redispersible polymer powder industry are:

BASF SE
Celanese Corporation
Dow Inc.
Wacker Chemie AG
Ashland Inc.
Synthomer plc
Organik Kimya San. Tic. A.S
VINAVIL S.p.A.
Dairen Chemical Corporation
Shanxi Sanwei Group Co., Ltd
Bosson Union Tech (Beijing) Co., Ltd
Acquos Pty Ltd.
Kuban Polymer
Archroma
Guangzhou Yuanye Industrial

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for redispersible polymer powder was reached USD 2.19 billion in 2023 and is predicted to grow at a CAGR of over 6.6% from 2024 to 2032, driven by the recovery of construction activities and the trend towards sustainable materials.

The tiling and flooring segment held around 38.4% share of the market in 2023 and is anticipated to grow at a CAGR of 7.3% during 2024 to 2032, due to increasing construction activities worldwide and the demand for aesthetically pleasing and durable flooring solutions.

The U.S. market size exceeded USD 434.2 million in 2023 and is estimated to grow at a CAGR of over 5.4% from 2024 to 2032, led by a surge in construction activities and the preference for environmentally friendly building materials.

Key players include BASF SE, Celanese Corporation, Dow Inc., Wacker Chemie AG, Ashland Inc., Synthomer plc, Organik Kimya San. Tic. A.S, VINAVIL S.p.A., Dairen Chemical Corporation, Shanxi Sanwei Group Co., Ltd, Bosson Union Tech (Beijing) Co., Ltd, Acquos Pty Ltd., Kuban Polymer, Archroma, and Guangzhou Yuanye Industrial.