- Press Release -

Award-winning consulting firm Fact.MR has recently published a new report on the global RDP powder market for the forecast period 2021-2031. According to the study, the market is poised to surpass US$ 3 billion valuation by 2031, expanding at a healthy CAGR exceeding 7% throughout the aforementioned period. Expansion of the global construction industry is attributed as the chief growth driver for this market.

The market made significant strides in the historical period, as growing concerns over increasing carbon footprint have compelled construction giants to incorporate green building solutions, a trend which has grabbed significant eyeballs within the polymers industry. The US Department of Energy advocates that green buildings contribute 34% lesser CO2 emissions, consume 25% less energy and 11% less water.

In 2018, Nouryon (formerly Akzo Nobel Specialty Chemicals) was officially acknowledged as providing environmentally-friendly RDP polymer powders for its Elotex category the FL2280 and FL2200 respectively. These products have proven instrumental in reducing total volatile organic compounds (VOC) emissions in their formulations, permitting customers to formulate environmentally friendly flooring products which improve indoor air quality.

Key Takeaways from Market Study

• Vinyl acetate ethylene (VAE) RDP powder to enjoy elevated demand across forecast period
• By application, waterproofing mortar to emerge as the primary RDP powder utilizer over coming years
• By end-use industry, residential construction projects to stimulate majority of demand, with non-residential projects acquiring equal popularity
• The U.S. to experience high sales amid stringent VOC emission regulations issued by the Federal Authority
• Massive infrastructure development stimulus received amid the COVID-19 pandemic to heighten growth prospects in China

“As the global construction industry expands, manufacturers are seeking to make highly durable public and private infrastructure, thus accelerating demand for RDP powder,”

Competitive Landscape

Prominent RDP powder manufacturers profiled by Fact.MR include Nouryon, Dairen Chemical Corporation, Wacker Chemie AG, BASF SE, Dow Chemicals, Synthomer Plc., VINAVIL S.p.A., Shandong Xindadi Industrial Group Co. Ltd., and FAR Polymers among others.

• In January 2021, Synthomer Plc. collaborated with experts at the University of Loughborough for furthering 3D concrete printing technology with respect to concrete manufacturing. The project is supported by a grant of £ 1.2 million from the Engineering and Physical Sciences Research Council (EPSRC) Industrial Strategy Challenge Fund (ISCF).
• In 2019, Shandong Xindadi introduced its range of thick slag self-leveling complete solution for steel slag, steel sludge and desulfurization gypsum. The former offers good fluidity and strong particle suspension, which is beneficial to improving fluidity and strength of self-leveling. The latter is primarily used for floor leveling and backfilling of buildings.

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the RDP powder market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of polymer (acrylic, vinyl acetate ethylene (VAE), vinyl ester of versatic acid (VeoVa), styrene butadiene, and others), application (mortars & cements, masonry mortar, waterproofing mortar, and others) and end-use industry (residential and non-residential), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa)

Fact. MR’s Domain Knowledge in Chemicals and Materials

Our chemical and material consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the chemical and material sector. Our expertise in recognizing the challenges and trends impacting the global chemical and material industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

For more information, refer to our market research report or contact the PR author.

Indronil Sikdar

Fact.MR

Consultant – Chemicals and Materials

E-mail: Indronil@factmr.com