Dispersible Polymer Powders Market - Forecast(2024 - 2030)

Dispersible Polymer Powders Market is forecast to reach $2.8 billion by 2026, after growing at a CAGR of 6.8% during 2021-2026. Globally, the increasing demand for dispersible polymer powders from the construction industry has raised the growth of the market. With the rising residential construction, as well as high spending on maintenance and repair in the building and construction industry, the market demand for dispersible polymer powders is anticipated to rise. Increasing demand for dispersible polymer powders such as vinyl chloride co- and terpolymers (VC), vinyl acetate-ethylene (VAE) polymer, and vinyl acetate-vinyl chloride-Ethylene (VAc-VC-E) in various end user applications has also raised the market growth. In addition, due to the increasing demand for hard coatings from different end-user applications, the dispersible polymer powders industry is further expected to increase in the forecast period.

Owing to labor shortages and the government shutdown norms during COVID-19, the construction industry was severely harmed, affecting the development of the dispersible polymer powders market demand. According to the International Monetary Fund (IMF), actual global gross domestic product (GDP) was contracted by 3% in 2020, down from 2.9% in 2019. The International Monetary Fund (IMF) estimated that due to the COVID-19 pandemic the construction industry and other sectors in the United States experienced significant layoffs, which affected the dispersible polymer powders market growth in the forecast period.

The reports: “Dispersible Polymer Powders Market Report – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the dispersible polymer powders market.

By Type: Vinyl Acetate-Ethylene (VAE) Polymer, Vinyl Chloride Co- and Terpolymers (VC), Vinyl Acetate/Vinyl Chloride-Ethylene (VAc-VC-E), Acrylate/Copolymer (A/S), Polyvinyl Acetate Polymer (PVAC), Styrene-Butadiene Rubber (SBR) and Others.

By Application: Mortars, Tiling and Flooring, Plasters, Insulation, Paints, Tile Adhesives, Tile Grouts, Skimcoats, and Others.

By Geography: North America (U.S, Canada, and Mexico), Europe (U.K., Germany, France, Italy, Netherland, Spain, Russia, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa).

Vinyl Acetate-Ethylene (VAE) Polymer held the largest share in the dispersible polymer powders market. It is a highly elastic, durable high-clearness and gloss thermoplastic with no smell. VAE has many attractive properties including low cost, excellent adhesion to many polar and nonporous substrates, good flex-crack and puncture resistance, as well as good hot-tack and heat-sealing. It improves olefin clearance and sealing (LDPE/LLDPE), whereas a higher percentage of VAE is also used to decrease the melting point and increase low-temperature performance. For a multitude of applications in the packaging and goods industries, VAE copolymers containing about 10 and 30 percent vinyl acetate are used. Significant applications include sealants for meat and dairy processing packaging structures, wire and cable insulation, pipes, footwear, and lamination of glass to improve impact resistance.

Tile adhesives held the largest share with more than 22% in the dispersible polymer powders market in 2020 and is projected to grow at a CAGR of 7% during the forecast period 2021-2026.. Tiles have esthetically appealing surfaces and practical benefits, such as waterproofing, rough and abrasion-resistant surfaces, long service life, hygiene and cleanliness. For these purposes, in the building industry, tiles are a major floor and wall covered material. Tile adhesive is a tile-bonding cement-based bonding which is one of the leading dry mortar types. It is the most widely used bonding material for building and decoration engineering. Since vinyl acetate-ethylene (VAE) polymer powder is used for high-performance tile adhesive it is considered ideal for holding ceramic tiles and polishing bricks, such as granite and natural stones. The tile adhesive includes a minimal volume of slackened lime, nitrate cement, and mechanical modifications added in compliance with the product consistency specifications. Functional additives increase the product efficiency and can be added by a grout application phase from the preparation to the final application. Thus, with the growing demand for tile adhesives the demand for the dispersible polymer powders market is also anticipated to grow.

Asia Pacific held the largest share with 30% in the dispersible polymer powders market. Asia Pacific is expected to have the highest growth due to a rapid increase in the construction industry, an increase in the manufacturing sector, increased durability, easy installation and increased urbanization in developing countries such as China, India, Australia, and Japan. According to the International Trade Administration, in China, the building industry is projected to rise by 5 percent in real terms annually between 2019 and 2023. Also, according to the Australian Industry and Skills Committee the construction sector has a forecast average growth rate of 2.4 percent for the next five years, generating over $360 billion in revenue, providing about 9 percent of Australian Gross Domestic Product. With the increasing construction activities the market for dispersible polymer powders is estimated to grow in this region.

A highly flexible process to manufacture decorative and high-quality paints is possible with dispersible polymer powder. Powder paints are low-smelling and durable with dispersible polymer powder, even without adding preservatives. Powder paints based on dispersible polymer powder often last longer than standard dispersion paints. They can be formulated to have a very low content of VOCs (<1 g/L) and comply with essential ecolabels. Paint formulated with dispersible polymer powder does not need organic solvents, plasticizers or film-forming agents, as the film-forming temperature is at approximately 0°C. Additionally, the polymer powder supports the dispersion of fillers and pigments and thus enhances the hiding power and spreadability of the paint. Increasing use of vinyl chloride co- and terpolymers resins as binders in various solvent- based coating which is further used in wall paints, has also raised the growth of the market. Thus, the growing demand for dispersible polymer powder in wall paints is anticipated to drive the market growth over the forecast period.

The growing infrastructure and construction activities across various regions are estimated to drive the market demand for dispersible polymer powders such as vinyl chloride co- and terpolymers (VC), vinyl acetate-ethylene (VAE) polymer, and vinyl acetate-vinyl chloride-Ethylene (VAc-VC-E). Changing paradigm of the manufacturing sector backed by huge financial investments will trigger the construction of production plants, warehouses, and other industrial structures. The infrastructure sector has become the biggest focus area for the Government of India. According to the European Commission the government’s objectives and priorities for future infrastructure investment are defined in the National Infrastructure Delivery Plan 2016-2021. The new GBP 23 billion (EUR 26.8 billion) National Productivity Investment Fund will also finance investments in infrastructure, housing and research and development (R&D) over 2017-2022. Thus, rising initiatives by the government towards the growth of the infrastructure and construction activities will drive the market for dispersible polymer powder in the projected period.

Dispersible polymer powder can create various health effects through inhalation, skin contact, eye contact, and ingestion. Prolonged or repeated breathing of this material may result in chronic bronchitis (inflammation of the airways of the lungs). Symptoms include coughing and shortness of breath. Signs and symptoms of exposure to this material through breathing, swallowing, and/or passage of the material through the skin may include, stomach or intestinal upset (nausea, vomiting, diarrhea), irritation (nose, throat, airways). Proper handling & storage measures should be implemented during the use of dispersible polymer powder to avoid any possible accidental mishaps. Fine dust particles of the product possess the danger of fire & explosion and can form weakly explosive mixtures with air. Hence, the above factors will create hurdles towards the growth of the market.

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in dispersible polymer powder market. Major players in the dispersible polymer powder market are BASF SE, Puyang Yintai Industrial Trading Company Ltd., Akzo Nobel, Dow Construction Chemicals, WACKER Chemie AG, Archroma, and Celanese among others.