The redispersible polymer powder market boasts versatile features, with the dominating segment being construction applications. These powders enhance the performance of construction materials such as mortars and adhesives, offering improved flexibility, water resistance, and durability. They facilitate seamless building processes and contribute to the longevity of structures. With growing urbanization and infrastructure development, the construction sector remains the primary driver of this market's growth. As a result, redispersible polymer powder continues to be a vital component in the construction industry's quest for high-performance, sustainable building solutions.
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Data Bridge Market Research analyses that the Europe Redispersible Polymer Powder Market, which was USD 369.83 million in 2022, is expected to reach USD 559.02 million by 2030, growing at a CAGR of 5.30% during the forecast period of 2023 to 2030. The shift toward environmentally friendly construction materials aligns with the use of redispersible polymer powders. These powders enhance the sustainability of construction products, reducing environmental impact and meeting the growing demand for green building practices in the construction industry.
Key Findings of the Study
Rising awareness is expected to drive the market's growth rate
Builders and contractors are increasingly acknowledging the advantages of using redispersible polymer powders in construction projects. These powders enhance the quality and performance of construction materials, offering benefits such as improved adhesion, flexibility, and durability. As a result, they have become integral in achieving high-quality and long-lasting construction results. This recognition has driven a surge in demand for redispersible polymer powders, as professionals seek to optimize the outcomes and longevity of their building projects.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Acrylic Redispersible Polymer Powder, Vinyl Acetate (VAE) Redispersible Polymer Powders, Vinyl Versatate (VEOVA) Redispersible Polymer Powder, Styrene Butadiene (SB) Redispersible Polymer Powder, Ethylene Redispersible Polymer Powder, Others), Polymerization Method (Continuous, Semi Continuous, Seed Pattern), Drying Method (Spray Drying, Reduced Pressure Drying, Freeze Drying), Grade (Industrial Grade, Reagent Grade, Analytical Grade, Bio-Tech Grade), Application (Tiling and Flooring, Mortars, Plastering, Insulation Systems, Others), End-User (Residential Construction, Commercial Construction, Industrial Construction, Paint, and Others)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
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Market Players Covered
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Wacker Chemie AG (Germany), Dow (U.S.), AkzoNobel (Netherlands), BASF SE (Germany), Ashland Inc. (U.S.), Synthomer plc (U.S.), Hexion Inc. (U.S.), VINAVIL S.p.A. (Italy), Organik Kimya (Turkey), DowDupont (U.S.), Bosson Union Tech (China), Shanxi Sanwei Group Co., Ltd. (China), Henan Tiansheng Chemical Industry Co., Ltd. (China), Bosson Union Tech (China), Dairen Chemical Corporation (Taiwan)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Europe redispersible polymer powder market is segmented on the basis of type, polymerization method, drying method, grade, application, and end-user.
- On the basis of type, the Europe redispersible polymer powder market is segmented into acrylic redispersible polymer powder, vinyl acetate (VAE) redispersible polymer powders, vinyl versatate (VEOVA) redispersible polymer powder, styrene butadiene (SB) redispersible polymer powder, ethylene redispersible polymer powder, and others.
- On the basis of polymerization method, the Europe redispersible polymer powder market is segmented into continuous, semi continuous, and seed pattern.
- On the basis of drying method, the Europe redispersible polymer powder market is segmented into spray drying, reduced pressure drying, and freeze drying.
- On the basis of grade, the Europe redispersible polymer powder market is segmented into industrial grade, reagent grade, analytical grade, and bio-tech grade.
- On the basis of application the Europe redispersible polymer powder market is segmented into tiling and flooring, mortars, plastering, insulation systems, and others.
- On the basis of end-user, the Europe redispersible polymer powder market is segmented into residential construction, commercial construction, industrial construction, paint, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the Europe redispersible polymer powder market players in Europe redispersible polymer powder market are Wacker Chemie AG (Germany), Dow (U.S.), AkzoNobel (Netherlands), BASF SE (Germany), Ashland Inc. (U.S.), Synthomer plc (U.S.), Hexion Inc. (U.S.), VINAVIL S.p.A. (Italy), Organik Kimya (Turkey).
Market Developments
- In March 2020, Akzo Nobel N.V. successfully acquired the remaining 25% stake in Akzo Nobel Boya Sanayi ve Ticaret A.S., a prominent powder coatings joint venture in Turkey. This strategic move strengthens Akzo Nobel's market position and revenue potential in the region. By gaining full control over the joint venture, the company can better leverage its resources and expertise, positioning itself for growth and enhanced market share in the foreseeable future.
- In 2021, Clariant, a specialty chemicals company, joined forces with Indonesia's Pertamina to explore advanced biofuels technologies. This collaboration aimed to assess the feasibility and potential of advanced biofuels, particularly aviation biofuels and diesel replacements. By combining their expertise, both companies sought to contribute to the development of sustainable and environmentally friendly alternatives to conventional fossil fuels in Indonesia, addressing both economic and environmental concerns in the region.
- In 2020, Synthomer successfully finalized its acquisition of Omnova Solutions, a specialty chemicals company, for $455 million. This strategic move significantly expanded Synthomer's global footprint, enhancing its presence in North America, Europe, and Asia. It also facilitated entry into the thriving Chinese market. The acquisition aimed to strengthen Synthomer's position as a leading player in the specialty chemicals industry, fostering growth and market diversification.
Regional Analysis
Geographically, the countries covered in the Europe redispersible polymer powder market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
As per Data Bridge Market Research analysis:
Germany is expected to dominate the Europe redispersible polymer powder market in the forecast period 2023-2030
Germany is expected to dominate the Europe redispersible polymer powder market due to its robust construction sector expansion. The country's thriving construction industry demands high-quality building materials, including redispersible polymer powder, which enhances the performance of construction products such as mortar and adhesive. With a strong emphasis on infrastructure development, Germany's construction boom fuels the demand for these polymer powders, solidifying its dominance in the European market.
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