Market Trends of Redispersible Polymer Powder Industry
This section covers the major market trends shaping the Redispersible Polymer Powder Market according to our research experts:
VAE Redispersible Polymer Powder Dominate the Market
- The three major types of polymer powder, that is Vinyl Acetate Ethylene (VAE), Vinyl Aceteate/Vinayl Ester of Versatic Acid (VAE-VeoVa), and Acrylic Powder approximately occupied about 80% of the market.
- In the 80% occupied by the three types, VAE, VAE-VeoVa and Acrylic Powder, Vinyl Acetate Ethylene (VAE) occupies the majority share and is the most used Redispersible Polymer Powder that is used as an additive in tiles adhesives, mortars, plasters and gypsum fillers.
- Its technical ability to increase the cohesiveness, flexibility, bond strength and most importantly the water proofing property are the major reason behind the powder being used increasingly over the years.
- Though this is a niche market, its major demand has been as a tile's adhesive. Tiles have been a major component in building and construction, the global production of ceramic tiles in 2018 stood at approximately 13,100 million square meters.
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Asia Pacific to Dominate the Market
- Asia Pacific region is expected to be the largest in the Redispersible Polymer Powder market.
- There has been an increase of spending in building and construction, with this there has been increase in cement consumption and the construction chemicals that are added to cement and concrete for various purposes.
- Asia Pacific is also a region that has highest projected infrastructure needs till 2035, China has a projected need of USD 20 trillion and India has projected infrastructure need of USD 5 trillion.
- World production of cement is estimated to reach 4.4 billion million metric tons by 2020. The largest producer and consumer are the Asia Pacific region, majorly countries like China, India and Japan. China's consumption of cement stood at 2.320 billion million metric tons in 2017 and rose to 2.370 billion metric tons in 2018.
- Asia Pacific also observes the highest ceramictiles consumption, Asia Pacific consumption of ceramic tiles in 2018 was about 8,565 million square meter, Europe region is second with 1,590 million square meters, North America consumed 565 million square meters.
- Thus, rising demands from various end user is making the Asia Pacific region to dominate the market.
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