According to a new research report by Global Market Insights Inc., the Redispersible Polymer Powder Market size to reach USD 2.0 billion by 2026. Rising usage of environment-friendly construction materials are likely to compliment the revenue generation during the forecast period.
Rapid urbanization, demographic changes, and high standards of living will drive investments within the housing sector over the next few years. Continuously increasing population is generating the necessity for basic housing and commercial building structures. Many economies are becoming consumer and service-driven, generating opportunities for the growth of commercial spaces, healthcare, educational facilities, etc. The construction sector being one of the dynamic sectors will exhibit promising trends and will contribute to redispersible polymer powder market growth.
Ongoing coronavirus pandemic situation is likely to cause a temporary detrimental impact on redispersible polymer powder market. Precautionary lockdowns implemented by many countries in order to contain the spread of virus led to the stoppage of construction activities. Global supply chains are affected owing to transportation restrictions and import-export bans, affecting the supply dynamics of construction materials.
Moreover, the construction sector is likely to get hampered by less demand owing to public’s limited spending capacity and high uncertainty. These trends may negatively influence the industry growth for short term.
Browse key industry insights spread across 300 pages with 406 market data tables & 23 figures & charts from the report, “Redispersible Polymer Powder Market By Polymer (Acrylic, Vinyl Acetate Ethylene [VAE], Vinyl Esther of Versatic Acid [VeoVA]), By Application (Tiling & Flooring, Mortar & Cement, Insulation System, Plastering & Gypsum), By End-user (Residential, Commercial, Institutional, Industrial) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Efficient intrinsic performance characteristics to drive VeoVa demand
Vinyl Esther of Versatic Acid (Veova) segment in the in redispersible polymer powder market will cross USD 500 million by 2026 with increasing demand from cementitious monomers, plasters & renders monomers. These monomers are highly branched and have butyl alkyl chemical structure, providing protection to acetate ester groups and high hydrophobicity. The product offers excellent alkali resistance, superior adhesion capabilities, and excellent workability & open time.
Additionally, these can be easily stabilized with polyvinyl alcohol (PVOH) and have reduced water absorption & increased water repellence abilities. The addition of polyvinyl alcohol lattices to redispersible polymer powders offers excellent dispersibility.
Plastering & gypsum to foster considerable gains
Plastering & gypsum will witness around 5.5% CAGR in redispersible polymer powder market. It is used in gypsum joint fillers for attaining smooth and even surfaces. They aid in improving water repellency, bulk hydrophilization, durability, and dry surface abrasion resistance. These are extremely useful in situations where additional humidity or water resistance of gypsum products is required. In addition, high adhesion, consistency, and stability will enhance the segment penetration.
Upward trends associated with the European construction industry to favor regional growth
Europe is likely to cross USD 700 million by 2026. The regional construction sector was hugely impacted by a large number of migrants over the past few years. Increasing population migration will create a huge demand for residential and non-residential structures. Strong economic conditions and governments-proposed construction initiatives will propel redispersible polymer powder market growth.
In March 2019, Germany’s government announced plans to invest around USD 170 billion in housing, infrastructure, digital technology, and education over the next four years.