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

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.