Global Redispersible Latex Powder Market Size To Worth USD 2.94 Billion By 2033 | CAGR of 6.47%
Category: Chemicals & MaterialsGlobal Redispersible Latex Powder Market Size To Worth USD 2.94 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Redispersible Latex Powder Market Size is Expected to Grow from USD 1.57 Billion in 2023 to USD 2.94 Billion By 2033, at a CAGR of 6.47% during the forecast period 2023-2033.
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Browse key industry insights spread across 230 pages with 115 Market data tables and figures & charts from the report on the "Global Redispersible Latex Powder Market Size, Share, and COVID-19 Impact Analysis, By Type (Vinyl Acetate Ethylene Copolymers, Vinyl Acetate/Vinyl Ester of Versatic Acid Copolymers, Styrene Butadiene, Acrylic Powder, and Redispersible Latex Powder), By Application (Cement Plasters, Self-Leveling Underlayments, Gypsum Setting Compounds, Repair Mortars, and Ceramic Tile Adhesives), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/redispersible-latex-powder-market
The market for a certain type of dry powder made from synthetic polymers like vinyl acetate or styrene-butadiene is known as the "redispersible latex powder market." For cement-based products, redispersible latex powder is commonly used to improve flexibility, adhesion, water resistance, and durability. This market includes the supply and demand for redispersible latex powder, as well as its production, distribution, and use in a range of industries, including construction. Redispersible latex powders that comply with environmental standards and reduce their carbon footprint are highly sought after this factor helps drive the market's growth. Rapid urbanization, expanding infrastructure, and pro-redispersible latex powder government policies are driving the market. The introduction of sustainable, eco-friendly products that adhere to stringent environmental regulations is driving the market's growth of redispersible latex powder. The rise of lightweight construction techniques like modular and prefabricated structures is driving market demand for redispersible latex powder. However, vinyl acetate-ethylene and other raw materials are necessary for the production of redispersible latex powder, and price changes brought on by interruptions in the supply chain or environmental conditions can restrict the market.
The vinyl acetate ethylene copolymers segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the type, the redispersible latex powder market is classified into vinyl acetate ethylene copolymers, vinyl acetate/vinyl ester of versatic acid copolymers, styrene-butadiene, acrylic powder, redispersible latex powder. Among these, the vinyl acetate ethylene copolymers segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Due to their extensive use in construction applications and their exceptional bonding strength, flexibility, and water resistance, vinyl acetate ethylene copolymers are highly favored in adhesive, mortar, and coating compositions.
The cement plasters segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the redispersible latex powder market is divided into cement plasters, self-levelling underlayments, gypsum setting compounds, repair mortars, and ceramic tile adhesives. Among these, the cement plasters segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The market for cement plasters is driven by the growing need for strong, adaptable, and water-resistant building materials, especially for residential and commercial applications.
North America is estimated to hold the largest share of the redispersible latex powder market over the forecast period.
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North America is estimated to hold the largest share of the redispersible latex powder market over the forecast period. Building supplies are in constant demand due to the thriving North American construction industry, particularly in the US and Canada, which is fueled by urbanization and population growth. High-quality standards and advanced construction techniques are well-known throughout North America.
Asia Pacific is predicted to grow at the highest CAGR growth in the redispersible latex powder market over the forecast period. Redispersible latex powders are finding new markets in China and India as a result of their expanding manufacturing and construction sectors.
Major key players in the redispersible latex powder market include Nippon Gohsei, Akzo Nobel, Hexion, Bosson Chemical, BASF SE, Acquos, The Dow Chemical Company, Construction Chemicals Div., Yil-Long Chemical Group Ltd, Dinova Pvt. Ltd, Synthomer Ltd, Dairen Chemical Corporation, Synthomer Ltd., Wacker Chemie AG, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the redispersible latex powder market based on the below-mentioned segments:
Global Redispersible Latex Powder Market, By Type
- Vinyl Acetate Ethylene Copolymers
- Vinyl Acetate/Vinyl Ester of Versatic Acid Copolymers
- Styrene Butadiene
- Acrylic Powder
- Redispersible Latex Powder
Global Redispersible Latex Powder Market, By Application
- Cement Plasters
- Self-Leveling Underlayments
- Gypsum Setting Compounds
- Repair Mortars
- Ceramic Tile Adhesives
Global Redispersible Latex Powder Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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