RDP Powder Market Set for Significant Growth from 2020 to 2030
RDP Powder Market: Introduction
Transparency Market Research delivers key insights on the global RDP powder market. In terms of revenue, the global RDP powder market is estimated to expand at a CAGR of 7.5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global RDP powder market.
The global RDP powder market is broadly affected by several factors, including expansion of the construction industry. Thus, increase in applications of RDP powder in the construction sector is propelling the global RDP powder market.
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RDP Powder Market: Dynamics
The building & construction industry is expanding at a significant pace due to rapid urbanization and industrialization across the globe. The demand for RDP powder is expected to rise significantly during the forecast period, owing to the expansion of the construction sector consisting of commercial establishments and public infrastructure & utilities.
RDP powders are extensively utilized in the production of cement repair mortar and concrete in the building & construction industry. RDP powders improve workability and other important mechanical properties such as tensile strength, compression strength, and flexural strength, and transversal deformation of building products.
Mortar is typically reinforced with admixtures and binders to improve its tensile strength, adhesion, toughness, and chemical resistance. The mortar produced by reinforcement through redispersible polymer powders is referred to as polymer-modified mortar, and demand for this mortar is increasing in the construction industry across the globe.
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Rising utilization of waterproofing mortar in industrial and residential constructions is fueling the demand for redispersible polymer powders. Mortar has diverse applications in the construction industry, including bathrooms, terraces, balconies, swimming pools, industrial tanks, and pipes. This is anticipated to drive the global redispersible polymer powder market during the forecast period.
RDP Powder Market: Prominent Regions
The RDP powder market in Asia Pacific is expected to expand at a significant pace during the forecast period, owing to the expansion of construction industry in countries of Asia Pacific such as China, India, Japan, and Malaysia. Rise in capacity expansion of redispersible poly powder, especially in China and South Korea, is projected to drive the market in Asia Pacific during the forecast period.
Europe also held a significant share of the market. Rise in construction activities and increase in the demand for redispersible polymer powders for self-levelling in economies in Eastern Europe are likely to boost the market in the region during the forecast period.
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RDP Powder Market: Key Players
The global RDP powder market is fragmented with the presence of a large number of players. Key players operating in the global RDP powder market are Wacker Chemie AG, Nouryon, The Dow Chemical Company, BASF SE, Synthomer plc, Hexion Inc., VINAVIL S.p.A., Dairen Chemical Corporation, Shandong Xindadi Industrial Group Co., Ltd., Organik Kimya, and SIDLEY CHEMICAL CO., LTD.
Global RDP Powder Market: Segmentation
RDP Powder Market, by Polymer Type
- Acrylic
- Vinyl Acetate Ethylene (VAE)
- Vinyl Ester of Versatic Acid (VeoVa)
- Styrene Butadiene
- Others (including Ethylene Vinyl Acetate Copolymer [EVA], Polyvinyl Acetate Polymer [PVAC], and Styrene Acrylate)
RDP Powder Market, by Application
- Mortars & Cements
- Masonry Mortar
- Repair Mortar
- Waterproofing Mortar
- Others
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