Redispersible Polymer Powder (RDP) Market

Global Redispersible Polymer Powder (RDP) Market is valued at USD 2196.1 Million in 2021 and expected to reach USD 3482.9 Million by 2028 with a CAGR of 6.81% over the forecast period 

Global Redispersible Polymer Powder (RDP) Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028. Increasing investment on repair and maintenance work in the construction industry and rising advancements in this field are some of the major factors driving the growth of the Global Redispersible Polymer Powder (RDP) Market.

Scope of Global Redispersible Polymer Powder (RDP) Market Report:-

Redispersible polymer (RDP) powders are polymeric emulsion powders that, when mixed with water, redisperse to create new emulsions. RDP powders added to mortars increase cohesion, bond strength, and flexibility. RDP powders extend pot life, improve workability, improve water retention, and provide adhesion force. RDP powder is primarily used in dry-mix mortars, including wall putts, powders, ceramic tile adhesives, ceramic tile jointing agents, dry powder interface agents, exterior insulation mortars, and self-leveling mortars, mending mortars, decorative mortars, and waterproof mortars. Moreover, acrylic-based RDP is widely used for waterproofing and self-leveling purpose. Acrylic-based RDP powder has excellent hydrophobicity and styrene butadiene-based RDP powder has superior freeze resistance. The vinyl acetate-ethylene RDP powder has better adhesion, heat resistance, and low VOC emissions, as well as superior scrub resistance. Furthermore, the re-dispersible polymer powder is a free-flowing, white powder that is obtained by spray-drying aqueous polymer emulsions. Spray drying converts aqueous polymer emulsions to free-flowing powders. When redispersed with water, these powders return to their original properties. 

The Covid-19 outbreak in 2020 has led to government emergency measures, as well as a suspension of numerous activities and facilities for the short run. During the temporary lockdown, re-dispersible polymer powder manufacturers faced the challenges such as supply chain disruptions, lack of raw materials, and manpower shortages leading to a slowdown in production. Hence, there was a drop in demand. However, after the relaxation of lockdown, various prominent companies are now bolstering their supply chains and working to control losses faced last year. However, soon after lifting the lockdown across countries, the RDP market recovered quickly owing to the rise in the construction activities. 

Global Redispersible Polymer Powder (RDP) Market Segmentation:-

The Global Redispersible Polymer Powder (RDP) Market is segmented based on type, application, end-use and geography. Based on type, global redispersible polymer powder (RDP) market is divided into VAE (Vinyl Acetate Ethylene), VeoVA (vinyl ester of versatic acid), acrylic, SB (styrene butadiene). Based on application, the market is classified into tilling & flooring, plastering, mortars, and insulation systems. Based on end-use industry, global redispersible polymer powder (RDP) market is divided into residential, commercial, and industrial. 

By Type: 

• VAE (Vinyl Acetate Ethylene) 
• VeoVA (Vinyl Ester of Versatic Acid) 
• Acrylic, SB (Styrene Butadiene) 

By Application: 

• Tilling & flooring 
• Plastering 
• mortars, and insulation systems. 

By End-Use Industry: 

• Residential 
• Commercial 
• Industrial 

Key Players for Global Redispersible Polymer Powder (RDP) Market Report:-

Some of the key players in the Global Redispersible Polymer Powder (RDP) Market are Divnova Specialities, Akzo Nobel N.V.(Netherland), Ashland Global Holding, Hexion Inc., Synthomer Plc., Wacker Chemie AG, Puyang Yintai Industrial, Acquos, The Dow Chemicals Company, Benson Polymers Limited, BASF SE, Dairen Chemical Corporation, Organic Kimya, Bosson Union Tech. and others. 

Recent Developments

News- WACKER Expanded Capacity for Polymer Products at Nanjing 

On October 13th, 2020; Wacker Chemie AG was expanding its Chinese polymer activities by investing around USD 100 million in building two new production plants at its Nanjing site. This will expand the facility's manufacturing capabilities, especially for high-quality construction binders. 

WACKER Presented the First Ever Renewables-Based Dispersible Polymer Powder for Construction Applications via the Mass Balance Approach 

On March 24th, 2020; Wacker Chemie AG introduced a new line of renewable-based dispersible polymer powders for construction applications. The line is called VINNECO and includes polymers such as bio-based acetic acid, which is derived from renewable raw materials. The company's new redispersible polymer powder VINNECO 5044 N is ideal for producing construction materials, such as waterproofing membranes or dry-mix mortars for external thermal insulation composite systems (ETICS). By launching the product, the company would be able to meet the growing demand for eco-friendly and sustainable products coming from the construction industry worldwide, as ecological, and sustainable building construction gains momentum. 

Archroma Launched Mowilith Powder 2702 Re-Dispersible Polymer Powder For Pioneering 1K Semi-Flexible Waterproofing Mortars 

On May 18th, 2017; Archroma, announced the launch of Mowilith POWDER 2702 re-dispersible polymer powder (RDP), a ground-breaking innovation to support the introduction of highly-practical and sustainable 1K (one-component) premium-performance waterproofing mortars for building and construction applications. 

Global Redispersible Polymer Powder (RDP) Market Dynamics:-

Increasing investment on repair and maintenance work in the construction industry and rising advancements in this field are some of the major factors driving the growth of the market. The market for redispersible polymer powder is growing as people are spending more on repairing and maintaining structures. Buildings and infrastructure are not constructed efficiently. Providing a need for repair and maintenance owing to the high energy use and high emissions in the residential building sector in Europe, thus European Commission has made the energy-efficient renovation of existing buildings a priority. Accordingly, the European Union (EU) introduced several schemes offering grants for homeowners who wish to upgrade their homes. Between 2010 and 2017, the number of households in the EU increased by 5.3 percent, from 210.1 million to 221.4 million. 

In addition, increasing number of construction activities are also supplementing the market Growth. For example; a growing share of manufacturing in China, comes from automation, digitalization, smart manufacturing, and industrialization as well as significant investments by the government. Residential buildings rose at the quickest rate in the world in 2021, at a rate of 7.1%. The residential industry is the largest sub-sector and a key driver of global growth, accounting for 44 percent of the total worldwide building in 2020. According to BrandEssecnce, China's share of global vehicle production rose to 28.02 % in 2019. According to BrandEssecnce Market research report, in the last 12 months in the United States, there have been 1.654 million new houses starting for construction. 

And, RDP powders are widely used in the construction industry and residential sector. Stable economic development is expected in many developed and developing countries, which would help the real estate market grow. The Americas, EMEA, and Asia-Pacific all exceeded 2019 volume in Q4, with the Americas and EMEA hitting new records. For instance; in 2021, global commercial real estate investment reached a new high of USD 1.3 trillion, up 55 percent from 2020 and 21% from 2019. In Q4, global investment volume surged by 54% year on year to a new high of USD 498 billion. Global volume for the whole year 2021 climbed by 55% from 2020 and 21% from 2019. Approximately USD 3.9 trillion in infrastructure investment is required every year, with the greatest needs in emerging markets which will also bolster the demand for the redispersible polymer powder (RDP) market. 

However, high risks associated with the spray drying production process may hinder the market growth. Polymer powder is produced by spray-drying an aqueous mixture of stabilizers and polymers, resulting in a dust cloud. When the dust cloud is exposed to high temperatures, a spontaneous combustion reaction occurs, resulting in a hazardous explosion accompanied by decomposition reactions that can be hazardous to human health. Moreover, smoke is comprised of carbon monoxide, carbon dioxide, and particulates. Exposure to such smoke can cause irritation to the nose, throat, and eyes, difficulty in breathing, problems with lung function, asthma, and other cardiovascular diseases. Precautions must be taken to reduce these risks, which cannot be 100% eliminated. 

In spite of that, growing adoption of green building codes and energy-efficient products may create more opportunities for the further growth of the market. Among the many green building applications, re-dispersible polymer powder is frequently used in mortars, plasters, insulating systems, and architectural paints to enhance durability, tensile strength, impact resistance, and flexibility. In addition, it minimizes maintenance costs, resulting in cost-effective construction. These factors have made it more appealing to use eco-friendly re-dispersible polymer powder with negligible VOC emissions, especially in green building construction.

Global Redispersible Polymer Powder (RDP) Market Regional Analysis:-  

Geographically, Asia Pacific is expected to witness a fastest growth in the redispersible polymer powder (RDP) market owing to the presence of highly popular countries such as China, India South Korea, Japan, and many more in this region. Moreover, increasing spending on repair and maintenance is another factor drives the growth of the market. Construction spending in India and China is expected to increase, which would further drive the construction market in the Asia Pacific. Indonesia and Vietnam invest continuously in a wide range of construction end-use industries, including roads, bridges, residential buildings, affordable housing, water supply networks, and pipelines. For instance; in Q4 2021, Asia-Pacific investment volume climbed 5% year on year to USD 42 billion. For instance, in the fourth quarter of FY21, the Indian real estate sector attracted public equity investments worth Rs 23,946 crore (USD 3,241 million) across 19 projects. In the Union Budget 2021, the Indian government set up USD 8.28 billion for road construction and $7.88 billion for highway development. In the Q4 2021 Global Construction Market Survey, bank credit was offered to property enterprises in China at a substantially higher rate than in the Q2 and Q3 2021 periods. Furthermore, mortgage lending in China jumped from nearly Usd23 billion (151 billion yuan) in September 2021 to more than USD 30 billion (200 billion yuan) in October 2021 owing to rising activities in construction and real estate which would bolster the demand for redispersible polymer powder (RDP) market in this region.

With the presence of Germany and Italy, Europe is projected to grow as the second most lucrative market at €15 billion invested in the green building project with a growth rate of 5.9% owing to booming construction industry and the increasing focus on green buildings. Poland is forecasted to have the highest growth rate. The surge in the tile adhesive sector and growing renovation, coupled with repair projects are spurring the demand for the redispersible polymer powder (RDP) in this region. 

Key Benefits of Global Redispersible Polymer Powder (RDP) Market Report– 

• Global Redispersible Polymer Powder (RDP) Market report covers in-depth historical and forecasts analysis. 
• Global Redispersible Polymer Powder (RDP) Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, and Regional and Country levels. 
• Global Redispersible Polymer Powder (RDP) Market report helps to identify opportunities in the marketplace. 
• Global Redispersible Polymer Powder (RDP) Market report covers an extensive analysis of emerging trends and the competitive landscape.