Redispersible Polymer Powder Market Size

Redispersible Polymer Powder Market Size

Redispersible Polymer Powder Market size was USD 1.49 billion in 2019 and will grow at a CAGR of 6.1% between 2020 to 2026. Stringent government regulations associated with the use of eco-friendly construction materials will benefit the industry expansion.

Green buildings are a sustainable way of constructing buildings and structures by using eco-friendly procedures and chemicals, thereby minimizing the negative impact on the environment. Emerging environmental regulations are resulting in various changes in the construction sector. Regulations regarding the emissions of Volatile Organic Compounds (VOC) in construction chemicals & materials have led to a gradual replacement of solvent-based chemicals with water-based or environment-friendly products.

To get key market trends

  Download Free Sample

Smart city development and increasing construction of affordable housing facilities for urban population will drive redispersible polymer powder market growth. Urbanization, rising population, and high disposable income levels will positively influence the residential construction projects in future.

In Indonesia for example, the Savasa housing project, which is scheduled to be completed by 2021 will be developed in three stages on a total area of 37 hectares. The first phase of the project includes construction of 33 shophouses and 811 houses. The houses will incorporate environment-friendly materials and smart-living technology. The project aims to achieve sustainable urban development and provide high-quality housing clusters for the population.

Price fluctuations associated with raw materials will limit the business growth. Ethylene is a major raw material used for producing redispersible powder, which is a by-product of naphtha. Rise in the naphtha prices will directly increase the prices of the product. Other raw materials, such as acrylic resin, acetic acid, and vinyl acetate monomer, have also witnessed surge in prices over the recent years. Constantly changing pricing dynamics will affect the production costs and is likely to hamper the redispersible polymer powder market demand.

Proper handling & storage measures should be implemented during the use of redispersible polymer powder to avoid any possible accidental mishaps. Fine dust particles of the product possess the danger of fire & explosion and can form weakly explosive mixtures with air. Proper precautionary steps must be taken to avoid accumulation of static charge and avoid explosive conditions. If these dust particles come in contact with a person’s eyes or skin, it would create excessive irritation. Such associated hazards may limit the redispersible polymer powder market sales over forecast period.