Redispersible Polymer Powder Market to Cross USD 2.6 Bn by 2026, Expects MarketsandMarkets in Its New Topical Report Available at MarketPublishers.com
12 Jan 2017 • by Natalie Aster
LONDON – In the previous year, the world’s redispersible polymer powder market exceeded value of USD 1.5 billion. This market is expected to increase at a CAGR of almost 5% in the next 10 years to go beyond the USD 2.6 billion market by 2026. The market growth is primarily boosted by the strong demand for redispersible polymer powder in commercial, residential and industrial construction, which in its turn is driven by steady increase in maintenance and repair activities in the construction industry. Meantime, certain safety concerns related to explosions resulting from dust cloud formations during the spray drying process engaged in the production of redispersible polymer powders pose a challenge to the further market growth.
APAC ranks the first regional market for redispersible polymer powder in terms of both value and volume. It is followed by North America and Europe. The top share of the APAC market belongs to China. China is also the top global country-wide market for redispersible polymer powder.
The tiling and flooring segment will likely see the highest CAGR through 2026, due to increasing renovation as well as repair activities in the construction industry along with increasing customer preference for aesthetically attractive and premium tiling and flooring.
New topical MarketsandMarkets’ research publication “Redispersible Polymer Powder Market by Type, Application, End-Use Industry - Global Forecast to 2026” gives in-depth insights into the current landscape of the worldwide market for redispersible polymer powder, reviews the historical evolution and also outlines future growth prospects up to 2026.
The report sheds light on the current and emerging market trends, scrutinizes the major market growth drivers and hinders, identifies key challenges and lucrative opportunities. The study touches upon the recent industry changes and developments, describes the competitive landscape and touches upon regulative issues. Additionally, the report gives acess to detailed forecasts through 2026.
For other topical market research studies by MarketsandMarkets follow to this Market Publishers’ catalogue.