Countries across the world are witnessing promising growth in the construction industry. As per the research report on the redispersible polymer powder market, the Asia Pacific is dominating the global landscape, mainly on account of steady speed of construction. A market survey on redispersible polymer powder market has discovered the key elements responsible for market growth that includes an increasing emphasis on infrastructure development, industrialization, and urbanization. With continuous growth in the construction industry, there is an increased demand for waterproofing systems. Further, it has led to the expansion in the redispersible polymer powder market during the forecast period from 2019 to 2027.
In addition, companies are also investing a significant amount in new waterproofing technologies and other structural resources used in the construction industry. Market survey on redispersible polymer powder market has anticipated a significant growth with compound annual growth rate (CAGR) of 6% during 2019 to 2027.
Increasing Urbanization Driving Growth in Redispersible Polymer Powder Market
Urbanization is one of the most notable trends for which government bodies are spending resources, leading to megastructures and new buildings. The significant growth in the number of construction projects is driving surface protection and waterproof systems, which further leads to the demand in the redispersible polymer powder market. These waterproofing systems are widely applied in water storage towers, washrooms, and balconies. etc.
Redispersible polymer powder has been used in different types of dry-mix mortars. Examples are ceramic tile adhesives, wall putty powders, waterproof mortars, ceramic tile jointing agents, decorative mortars, mending mortars, dry powder interface agents, self-leveling mortars, and exterior insulation mortars. The redispersible polymer powder also helps in the improvement of freeze-proof properties, wear resistance of materials, and weathering resistance durability. Further, it lowers the materials contraction ratio, reduces water absorption, and intensifies hydrophobicity.
The redispersible polymer powder market is focusing on the development of sustainable and innovative products. The construction industry is coming up with innovative ideas to meet the requirements of modern-day infrastructure. An example is Mowlith POWDER 2702 – a fresh re-dispersible polymer powder was launched by Wacker Chemie.
Wacker Chemie AG, The Dow Chemical Company, Hexion Inc., BASF SE, Nouryon, and Synthomer Plc are some of the leading players in the redispersible polymer powder market who are actively engaged in R&D activities and capacity expansions. Minimum maintenance, durability, waste reduction, and cost-efficiency are some key factors that drive growth in the redispersible polymer powder market. Corporate, government, education, and healthcare are some major sectors that use redispersible polymer powder.
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Key Factors Driving Redispersible Polymer Powder Market
The building and construction industry extensively uses redispersible polymer powder for the production of concrete and cement repair mortar. The powder improves the workability of the building products. Further, it is also helpful for the improvement of mechanical properties, for example, transversal deformation, tensile strength, flexural strength, and compression strength of the construction products. Further plasticity, abrasion resistance, high adhesion, and slip resistance are some key functional characteristics of redispersible polymer powder to mechanical or thermal exposed construction products. Also, the redispersible polymer powder features like high water repellency and excellent flow properties are adding value to the demand in grouts, cement-based plaster, thermal insulation systems, self-leveling, and waterproofing applications. The capillary water absorption capacity of cement-based building products is reduced by redispersible polymer powder. All these factors cumulatively boost growth in the redispersible polymer powder market during the forecast period from 2019 to 2027. Further, the newly-launched products in the redispersible polymer powder market are designed to improve and compliment the overall performance of construction and building industry. Increasing demand for repair and renovation as well as new construction are providing lucrative market opportunities in the redispersible polymer powder market.