Pune, India -- (SBWIRE) -- 06/18/2018 -- Industry News:
January 2018- Organic Kimya announced to expand their manufacturing capacity of Redispersible Powder Polymers. This expansion will help company to double their production capacity to 40,000 metric tons by 2020. With this strategic move the company strengthen its position in global market.
May 2017- Archroma, a leading supplier in color and specialty chemicals announced to launch a redispersible polymer powder named as Mowilith® POWDER 2702. This product launch will expand company's portfolio and help company to strengthen their position among global redispersible polymer powder manufacturer.
June 2014- Wacker Chemie AG, a Germany based organization announced to enhance their manufacturing capacity for dispersible polymer powder. The company is expected to spend around Euro 20 million. This expansion will help company to meet the growing demand for high quality dispersible polymer powders.
April 2015- Hexion Inc., announced to launch Axilat™ HP 8530 redispersible polymer powder to meet the increasing demand for redispersible polymer across the globe.
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Redispersible Polymer Powder Market – Overview
Redispersible Polymer Powder exhibit unique properties and are mainly used as tiling & flooring and mortars in various end use industries such as residential and commercial construction. The market is expected to witness significant growth due to their utilization in various end use industries. On the basis of the type segment, acrylic is projected to register strong growth followed by vinyl acetate ethylene due to increasing use in tile adhesive, textile paint formulation, and exterior render coupled with expanding end use industries in emerging economies worldwide. Moreover, rising building & construction activities in developing countries combined with burgeoning need for high quality end product is estimated to propel the growth of the market during the assessment period.
Geographically, Asia Pacific accounted for the leading market share for Redispersible Polymer Powder in 2016, followed by North America which is further trailed by Europe. The North American Redispersible Polymer Powder Market is expected to witness moderate growth during the review period on account of steady growth of paints & coatings industry in this region. In North America, the market is further classified into Canada and the U.S., among these the U.S. is anticipated to hold major regional market share of Redispersible Polymer Powder owing to presence of major manufacturers in this region. Asia Pacific is anticipated to witness tremendous growth during the review period in Redispersible Polymer Powder Market during 2017 to 2023. The demand for Redispersible Polymer Powder is expected to raise in several countries of Asia Pacific such as Indonesia, Malaysia, Taiwan, South Korea, the Philippines, Japan, India, and China due to increasing population combined with shifting of production facilities for most of the major operating players in this region. In Europe, Redispersible Polymer Powder Market is estimated to register moderate growth on account of shifting consumer preference towards the Redispersible Polymer Powder based products along with rising usage in various end use industries specifically in Italy, Poland, Spain, UK, Germany, and Russia. In addition, various countries of Latin America and the Middle East & Africa are estimated to witness moderate growth in Redispersible Polymer Powder on account of rising per capita disposable income combined with sales of Redispersible Polymer Powder based product specifically in Mexico, Venezuela, Brazil, and Argentina coupled with growing petroleum production activities specifically in Iran, Oman, Israel, Turkey, Qatar, Saudi Arabia, Kuwait, and the UAE.
Competitive Landscape
The Redispersible Polymer Powder Report has analysed the level of competition among the key operating players in Redispersible Polymer Powder Market as well as sector growth and market scenario. The Global Redispersible Polymer Powder Market composed of large number of suppliers operating in the market which includes large scale and medium scale manufacturers. The noticeable producers of Redispersible Polymer Powder and medium level producers which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as small level and medium level suppliers belongs to this region specifically from the Philippines, Taiwan, Australia, South Korea, Indonesia, India, Bangladesh, Singapore, Malaysia, China, Thailand, and Japan. In addition, the key manufacturers of Redispersible Polymer Powder are observed to follow various strategic plans to improve their product portfolio such as distribution agreements, strategic acquisition, joint ventures, product launches, and mergers, and exclusive agreements. Various major manufacturers in this market are expected to expand their production capacity of Redispersible Polymer Powder to meet the rising demand for Redispersible Polymer Powder across the globe.
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