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Redispersible Polymer Powder Market Growth Projections and Opportunities
The global market for Redispersible Polymer Powder is predicted to reach around USD 2,378.2 million by the end of 2023, with a growth rate of 6.66% annually. Several factors are driving this market, such as the increasing demand for ceramic tile adhesives and the growing use of these powders in waterproofing mortars. Additionally, the market is benefiting from significant investments in both residential and non-residential construction projects worldwide.
Construction polymers, including redispersible polymer powder, are experiencing a rise in demand, particularly in the construction industry. These polymers offer technical and structural advantages in various applications, such as building structures and mortars. As the global population continues to grow, accompanied by increased urbanization, the consumption of concrete is on the rise. The need for efficient management of energy and natural resources is also contributing to the high growth of high-performance construction polymers globally. It is estimated that the global construction polymers market will reach USD 135 billion by the end of 2025.
The residential construction sector is witnessing increased investments due to the growing population and urbanization trends. Developing countries like India, Indonesia, Vietnam, and Malaysia are particularly active in residential construction projects. Simultaneously, non-residential construction, including office spaces, is also experiencing significant investment growth globally. In 2016, around 40% of the total investment was directed towards commercial construction activities worldwide, showcasing the substantial interest and support for this sector.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | 5.77% (2022-2028 |
Redispersible Polymer Powder Market Highlights:
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