US Redispersible Polymer Powder Market Research Report Information: By Type (Styrene Butadiene Dispersible), By Application (Tiles and Flooring, Insulation System), By End-Use (Residential Construction) - Global Forecast till 2030

US Redispersible Polymer Powder Market Overview

Furthermore, the global demand for redispersible polymer powder is on the rise due to the increased use of ceramic tiles in the construction industry. Ceramic tiles are cost-effective and readily available compared to other tile types, making them a popular choice for various applications like roofing and tiling. This growing preference for ceramic tiles is expected to positively impact the global redispersible polymer powder market.

There are different types of redispersible polymer powder, including acrylic, vinyl acetate ethylene, vinyl ester of vinyl acetate, and styrene butadiene. Among these types, acrylic redispersible polymer powder holds the highest market share, accounting for 29.3% of the overall market. Following acrylic, vinyl acetate ethylene is experiencing the highest Compound Annual Growth Rate (CAGR) of 7.59% over the forecast period.

Geographically, Asia Pacific is projected to be the largest market, contributing to 34.6% of the market share in 2017. Europe and North America follow, accounting for 24.87% and 19.5%, respectively. The Middle East & Africa, along with Latin America, together make up 21% of the global market. In terms of specific countries, China, the U.S., Germany, Italy, and India are expected to be the largest markets. China is set to dominate as both the largest producer and consumer. India's redispersible polymer powder market is anticipated to surpass Germany's market by 2020, driven by the increasing activities in residential and non-residential construction.

Report Attribute/Metric	Details
Market Size	2028: USD 2.39 Billion
CAGR	5.77% (2022-2028)
Base Year	2021
Forecast Period	2022 to 2028
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Application and End-Use
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Divnova Specialities (India), Akzo Nobel N.V.(Netherland), Ashland Global Holding (U.S.), Hexion Inc (U.S.), Synthomer Plc (U.K), Wacker Chemie AG (Germany), Puyang Yintai Industrial (China), Acquos (Australia), The Dow Chemicals Company (U.S.), Benson Polymers Limited (India), BASF SE (Germany), Dairen Chemical Corporation (Taiwan), Organic Kimya (Turkey), Bosson Union Tech (China)
Key Market Opportunities	Rising Popularity of Green Buildings to Offer Remarkable Opportunities
Key Market Drivers	Soaring Construction Projects to be a key Growth Inducing Factor