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Redispersible Polymer Powder Market Size

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

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Redispersible Polymer Powder Market Size

The global redispersible polymer powder market was valued at USD 2.19 billion in 2023 and is predicted to grow at a CAGR of over 6.6% from 2024 to 2032. As construction activities slowed down due to lockdowns and social distancing measures, the demand for these powders decreased. Supply chain disruptions and raw material shortages further challenged manufacturers. However, as economies began to recover and construction projects resumed, the market started to rebound. The pandemic also accelerated the trend towards sustainable and eco-friendly construction materials, potentially benefiting manufacturers of environmentally friendly redispersible polymer powders in the long term.

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The increasing demand for improved construction materials, particularly in developing countries, is a key driver. The growing emphasis on green building practices and energy-efficient construction also supports market expansion. Additionally, the versatility of redispersible polymer powders in various applications, such as tile adhesives, self-leveling compounds, and exterior insulation systems, contributes to their rising adoption. Technological advancements in polymer production and formulation are further enhancing the performance and applicability of these products, stimulating market growth.

Redispersible Polymer Powder Market Report Attributes
Report Attribute	Details
Base Year:	2023
Redispersible Polymer Powder Market Size in 2023:	USD 2.19 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.6%
2032 Value Projection:	USD 3.85 Billion
Historical Data for:	2021 - 2023
No. of Pages:	220
Tables, Charts & Figures:	194
Segments covered:	Polymer, Application, End User, Distribution Channel, and Region
Growth Drivers:	Rapid Infrastructure Development Demand for sustainable construction materials Increased Focus on Quality and Performance
Pitfalls & Challenges:	Lack of Awareness in Emerging Markets Competition from Substitutes

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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.