Polymers and Advanced Materials
Driven by the expansion of food & beverages sector and the lucrative nature of the cosmetics industry, the North America insulated packaging market size is expected to increase commendably in the forthcoming years.
U.S. Insulated Packaging Market Size, By Material, 2018 & 2025, (Kilo Tons)
Designed to prevent damage to temperature-sensitive products like pharmaceuticals, foods, and cosmetics, insulated packaging commands a noticeable presence in several high-growth industries. The packaging materials’ ability to maintain an ideal storage environment for shipping or containing a variety of goods would be driving North America insulating packaging industry outlook in coming years.
According to the Packaging Machinery Manufacturers Institute (PMMI), the U.S. food packaging sector is forecast to witness a steady pace of growth over the forthcoming years. The country’s food-contact packaging sector is highly regulated by the Food and Drug Administration (FDA). With food being one of the most sensitive products to transfer and store, the regulations are expected to promote adoption of insulated packaging such as insulated food bags considerably.
PMMI anticipates that meat, meat-related products, processed snack foods, pet food, and food & vegetables would be the most innovative food & beverages industry segments in coming years. Among the aforementioned segments, snack foods, meat, and meat related products are anticipated to outperform others. This growth is being attributed to increasing consumer demand with respect to convenience options and portion control. In industry segments where food products need to be effectively packaged over long periods, these growing demands would open up new opportunities for North America insulated packaging industry players.
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Owing to environmental concerns, pet food and snack foods segments, which use conventional plastic packaging, are seeking new packaging solutions that are biodegradable and recyclable. The necessity for a recyclable, biodegradable, printable, and food-safe material could lead these segments to flexible insulated packaging for a solution, boosting insulated packaging market share further.
Meanwhile, North America insulated packaging market outlook is expected to become more favorable owing to the growth of the cosmetics industry. According to Forbes, today consumers, particularly women, are actively exploring and adopting new beauty trends. This is a part of a bigger generational transformation; wherein younger consumers are more willing to change their preferences.
Changing preferences are giving rise to the adoption of locally-produced, organic, natural or artisanal products, transforming product segments such as skincare. To keep up with this shift, popular beauty and skincare products no longer depend on synthetic ingredients.
In the category of clean, natural, and even food-standard beauty & skincare products, industry players are seeking out alternate means to extend the shelf-life of their products. The insulated packaging industry is expected to leverage its capabilities to address these cosmetics industry demands.
According to the L’Oréal 2018 annual report, skincare accounts for 39% of the cosmetics market in terms of product category. The global cosmetics industry recorded estimated sales of approximately €200 billion in 2018 with North America accounting for 25% of the industry by geographic zone.
North America’s integral contribution towards the growth of the cosmetics industry presents a lucrative growth opportunity to the insulated packaging industry. With cosmetics industry demands projected to grow steadily through non-synthetic products, the North America insulated packaging market share is slated record remarkable growth over forecast timeframe.
Overall, attributing to changing packaging demands in the food & beverages industry along with shifting consumer preferences toward cosmetics products, insulated packaging adoption is slated to experience a sizable boost in coming years. A research report by Global Market Insights, Inc., estimates that the North America insulated packaging market valuation would surpass a valuation of $3 billion by 2025.
Author Name : Akshay Kedari
Global hybrid fabrics market share is witnessing a positive growth momentum owing to increased consumer proclivity towards light-weight and environment-friendly automotive components. The automotive manufacturing sector is growing rapidly towards making cars more intelligent with a viable option of fiber optic technology which is becoming a preferred choice for a variety of automotive application. With its distinct features, fibers have become a natural choice for various functional and aesthetic components in all types of vehicles, outlining hybrid fabrics industry trends.
U.S. hybrid fabrics market size, by end-user, 2014 – 2025 (USD Million)
Automobile companies are constantly pushing themselves to manufacture the lightest cars possible to augment the speed and efficiency. As industries demand materials with a higher strength to weight ratios, corrosion resistance, and efficient workability, the carbon fiber is presently the most discussed lightweight material because of its high potential for weight reduction in automobiles, but the high cost involved in producing its will leading manufacturers to opt for carbon-glass hybrids, which also provide favorable properties.
U.S. sales of hybrid electric vehicles represented around 36% of more than 11 million hybrids sold globally through April 2016. With the government’s focus on renewable energy, the automobile companies are emphasizing more on manufacturing hybrid and electric vehicles along with ensuring growing awareness among customers. As these vehicles require reliable, robust and lightweight components to help improve overall efficiency, increased sales of hybrids and full-electric cars will considerably bolster hybrid fabrics market outlook in the forthcoming years.
Technological developments and emerging policy actions could further enhance the value proposition for prospective electric vehicle buyers. Leading metropolitan EV markets tend to have public charging infrastructure, consumer subventions, and other incentives that would propel the need for electric vehicle manufacturing, further stimulating the expansion of hybrid fabrics industry over the projected timeframe. Reportedly, the highest selling hybrid electric vehicle in the U.S. was Toyota Prius, which had sold approximately 1,643,000 units since year 2000 through April 2016.
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Electric vehicles offer the potential to save significant costs and time. Lightweight fabrics have become the material of choice owing to their functionality and flexibility and have opened up several new spots for lightweight automotive manufacturing. They also allow for lower maintenance and repair costs, since carbon/glass hybrid fabric could be inexpensive as compared to carbon alone. The combination will also witness substantial demand for other applications and it was reported that the carbon/glass segment contributed nearly 30% of global hybrid fabrics market size in 2018.
With the rapid upsurge in the automobile technology, the hybrid fabrics are created from a broad variety of different fibers including combinations of carbon fiber and aramid fiber. Aramid fibers are used extensively, from passenger cars and light trucks to professional racing cars and also known for their high tensile strength. Apart from their resistance to abrasion and piercing, they also comprise high resistance to organic solvents and fire. The cost component of using aramid alone has advocated the need for hybrid materials that also helps to improve performance, safety, and durability of a broad range of automotive components.
Lately, various industry players like Solvay, Gurit, Hexcel Corporation, and BGF Industries Inc. are capitalizing on their R&D finesse to develop pioneering and innovative products, which can provide them an edge over the competition and also fetch lucrative profits. They are also looking to expand their presence through mergers and acquisitions. For instance, in 2016 the parent company of BGF Industries, Porcher Industries had announced the acquisition of Cordtech International which is specialized in the treatment and processing of industrial fibres for the car market.
Expanding production capabilities to meet the burgeoning demand for auto components is poised to boost hybrid fabrics industry trends over the coming years. The development of groundbreaking production technologies will undeniably create lucrative growth prospects for various hybrid fabric manufacturers. Reports suggest that owing to a wide application scope, which includes aerospace, energy, sports and defense sectors, global hybrid fabrics market is anticipated to surpass a valuation of USD 400 million by 2025.
Author Name : Deeksha Pant
Global low migration inks market trends are poised to witness considerable expansion due to changing consumer lifestyle and increase in working women population, which has led to higher consumption of packaged food and beverage products. Rising disposable income globally has fueled the demand for processed food and personal care products, positively influencing the growth of packaging sector worldwide. Safe packaging has become a prime focus of many health and safety agencies, impacting the development of inks meeting high safety standards.
U.S. Low Migration Inks Market size, By End-user Industry, 2014 – 2025 (USD Million)
Developing nations like China and India have witnessed a substantial growth in demand for packaged and on-the-go food products owing to the increase in industrial set up and a rise in employment. Heavy molecular weighted inks are used for packaging and labelling for several end-use industries such as F&B, personal care items, pharmaceuticals, tobacco and alcohol due to their properties to restrain the undesired ink from affecting the eatables. Some regulations define the use of ink such that there is no transfer of ink from the packaging onto the food, deteriorating the properties of packaged food and change the products’ composition.
Regulatory authorities have levied several restrictions on the usage of ink across the food and beverage sector, which is projected to reinforce low migration inks market share globally. For instance, FDA allows inks to be marketed based on certain functional barriers in order to prevent migration of ink components to food. Additionally, EU requires printing inks used in the food industry to comply with Good Manufacturing Practices (GMP) and Framework regulations in order to safeguard health of consumers.
Low migration inks in digital printing processes are used when complex and highly efficient printing is required on food packages and labels. Digital printing facilitates printing on varied range of substrates that enhance versatility over alternate printing methods. Additionally, digital printing reduces environmental footprint by eliminating substrate waste and works without VOC and pre – coats using UV inks. Digitally printed labels for alcohol bottles are widely used due to complex image printing needed on them. The digital printing process segment in low migration inks industry is expected to witness a robust CAGR of over 6.5% over the forecast period.
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Global revenue generated by pharmaceutical sector in 2018 accounted for more than USD 1204.8 billion. Printing inks in pharmaceutical applications must ensure drug safety and eliminate the potential risk of contamination of tablets or other solid dosage forms through direct or indirect contact with ink.
Additionally, to protect the labels used on medicines from being counterfeited, pharma industry needs to invest in brand protection measures such as raised images and micro texts, creating a need for advanced low migration inks. In terms of end-users, pharmaceutical sector is expected to comprise of 25% of the total low migration inks market share by 2025.
According to U.S. Food and Drug Administration, about 48 million people in the country are affected by foodborne diseases, some of which are caused due to the mixing of ink substance with the edibles. Regulatory authorities have laid down strict laws with respect to ink usage in order to facilitate human health and safety. Reportedly, the US F&B sector is expected to generate over USD 18.34 billion in 2019, with constant innovations being in food packaging. The growing F&B sector coupled with rising safety concerns is amplifying North America low migration inks industry outlook.
Owing to increased adoption across the packaging applications on the account of obstructing undesirable transfer of ink onto the packaged items, which affects taste and raises safety concerns, low migration inks are becoming a common trend worldwide. Key players comprising the industry’s competitive dynamics include Toyo Inks, Flint Group, Sun Chemical Corporation and Huber Group among others. According to a report by Global Market Insights Inc., the low migration inks market size is projected to surpass USD 480 million by 2025.
Author Name : Shreshtha Dhatrak
Demand for high performance, strength and environment friendly packaging is anticipated to help expand the containerboard market share. Containerboards are made out of recycled fiber which means that they have reduced carbon footprint. Using recycled fiber with virgin fiber for production reduces water use and effluent flow in mills.
U.S. Containerboard Market, By FMCG Application, 2018 & 2025, (Kilo Tons)
Besides being ecofriendly, containerboards are feather light which reduces shipping costs for ecommerce companies. Containerboards are used for their robustness, lightweight and mechanical stability, factors attracting attention from ecommerce industry. Increasing demand of ecofriendly, light and strong packaging material is expected to assist the transformation of the global containerboard market outlook. Estimates claim containerboard industry size to surpass USD 250 billion by 2025.
Ecofriendly characteristic of containerboards is anticipated to fuel containerboard market trends. Many countries are taking significant to reduce carbon footprint by promoting the use of ecofriendly materials. Countries like China are striving to maintain environmental balance by increasing the use of containerboards mainly made up of recycled fiber.
In the year 2017, Chinese containerboard production reached 45 million tons, almost all of which was made out of recycled fiber. Nearly 15 million tons of old corrugated containerboard was imported which accounted for one-third of the 45 million tons of final production.
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Between 2019 and 2021, China plans to build a new capacity of approximately 10 million tons, all intending to use recycled fiber as furnish. Furthermore, there are projects which may exceed capacity of 8 million tons. These projects are planned but not confirmed yet. One supposition is that China, if all projects are accomplished, strives to largely remain self-sufficient in the supply of containerboard. Like China, the U.S., India, Vietnam and many other countries are also focusing on ideal materials for packaging and will contribute to increase growth rate of containerboard industry.
Seemingly, there is a significant cooperation from the Chinese companies to achieve aforesaid targets and expand their market share. For instance, a Chinese containerboard manufacturing company Nine Dragon Paper Holdings Limited has signed a MoU with the Indian state of Maharashtra to provide around $630 million to establish a paper- and board-producing mill in the state.
This is an initial step by the company to expand its footprint in India. Nine Dragon will reportedly invest up to INR 45 billion ($634 million) to build the facility. India containerboard market is indicating expansion in market share and is projected to reach 3 billion square meters from agricultural application as containers for vegetable and fruit packaging require anti-bacterial qualities.
Nine Dragon currently has more than 15 million metric tons of paper- and board-making capacity focusing on containerboard and other packaging grade. The strategic expansions of containerboard companies will help to drive the growth graph of containerboard industry.
Worldwide containerboard demand is expected to surge continuously as a result of economic expansion and e-commerce trade growth. Apart from China, Vietnam is yet another APAC country that will help boost the containerboard market growth.
The demand of containerboard in Vietnam is increasing at a steady pace and surpasses that of Indonesia, Thailand and other countries. It is further anticipated that in the first half of the 2020, Vietnam will be the leading ASEAN countries in terms of containerboard utilization propelling steady growth of the containerboard market over the forecast period.
A Japanese company recently announced the establishment of a containerboard manufacturing and packaging material sales business in Vietnam. The company has gained overseas containerboard market knowledge from its businesses in Japan and now has plans to expand its footprint in rapidly growing market of Vietnam. It will support industrial development in Vietnam by manufacturing containerboard with resource saving operations and energy saving technology acquired in Japan.
Companies toiling to expand their businesses overseas is one of the major reasons that will significantly impact containerboard market growth globally. A huge range of applications of containerboards in FMCG, pharmaceuticals, ecommerce, industries, agriculture, etc., is attracting containerboard industry players to invest consistently in new product development. Government mandates for environmental conservation will also act as a major driver propelling the expansion of containerboard market size over 2019-2025.
Author Name : Anchal Solanki
Rise in the demand for electronic equipment will drive conductive polymers market share with the need for suitable coating and safe packaging materials that can address electrostatic damages. An electronic device emits electromagnetic frequencies that disturb the frequencies of other devices which can affect their performance and cause damages, resulting in lowering of their lifespan.
U.S. Conductive Polymers Industry Size, By Application, 2014 – 2025 (USD Billion)
Electroactive polymers are used as anti-static packaging material in order to protect devices against such disturbances. Continuously rising sales of consumer electronics and small electronic components will boost the demand for anti-static packaging.
Increasing consumption of conductive polymers can be attributed to cost effective and easily processable nature that will help thrust their application scope. These types of polymers have attracted significant interest for their environmental stabilities, electrical properties and several practical applications.
New innovations will lift the utilization of polymers considerably, for instance, a team at the University of California that is looking to use polymer films to reduce the defects in light observing perovskite cells, promising a lucrative avenue to foster conductive polymers industry share from the solar cells segment.
Growing prevalence of various health conditions that require surgical treatment have paved the way for conductive polymers to be used in the medical device sector. The materials have major applications in the field of neuroprosthetic devices, cardiovascular devices and bioactuators. They have garnered a lot of attention as appropriate matrices of biomolecules that can be used to enhance speed, sensitivity and stability of several biomedical devices. Their ability to induce several cellular mechanisms as well as lower costs will certainly help expand global conductive polymers market size in the coming years.
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Metal electrode materials that are used in implantable devices have been known for bad recording performance and long-term stimulation, requiring modifications and coating with conductive polymers that will improve the tissue-electrode interface and increase the lifespan of the implants. This will increase the demand for those implants and in turn augment conductive polymers industry trends over the forecast lifespan.
Unprecedented consumption of electronic devices around the world will contribute to conductive polymers industry expansion significantly over the projected period. Computer screens and TVs use conductive polymers that help produce flexible and flat plastic screens for through polyphenylene vinylene which emits light when put between charged electrodes, enabling flat-panel display designs to be created. Demand for high quality screens will notably bolster the development of suitable polymers to meet a growing consumer base.
The Purdue University has developed a glass-like polymer that conducts electricity for flexible and transparent electronics. The polymer film can apparently be produced on a large scale, both sustainably and inexpensively. Purdue University is also involved in the development of new polymer film that creates tailor-made sensors which would help monitor heart rates, glucose levels or other biomedical metrics.
Major investments for the research and development of conductive polymers and exploring their applications have considerably advanced the field of polymers. This has resulted in the innovation of modified versions of these polymers. For instance, over the duration of last few years, researchers delved into other fields while looking into creating new conductive polymers through machine learning. Researchers have apparently discovered a new type of polymer that provides high thermal conductivity and can easily benefit 5G mobile communication technologies.
The rapid development of automotive industry is expected to grow further owing to the increase in the production of automobiles around the world that are equipped with technologies like self-driving systems and artificial intelligence. These will gradually drive the demand for actuators and sensors that use conductive polymer-type materials.
Rising demand for advanced automobiles in the developing nations will augment the consumption of sensors, reinforcing conductive polymers market outlook. Additionally, there are increasing opportunities from solar applications wherein the product is used to deposit materials to enhance the conduction of electricity.
North America is slated to account for a significant chuck of conducting polymer market share by the year 2025. Consistent R&D efforts, innovations, miniaturization of electronic parts and equipment manufacturing will help fuel demand in this region. The booming electronics and semiconductor manufacturing sector will present a large customer base for conductive polymer suppliers like Lubrizol Corporation, RTP Company, 3M Company.
Author Name : Riya Yadav
Global silver nanowires market is anticipated to witness escalating demand from the healthcare sector for molecular diagnostics on account of its anti-microbial characteristics. These properties can be attributed to its robust optical transmittance and conductivity, which will boost product utilization in medical applications, like imaging, over the forecast timeframe. Growing end-user preference towards silver nanowire-based transparent conductive electrodes (TECs) for next generation semiconductor devices, owing to low manufacturing cost and excellent flexibility, will considerably transform the industry trends.
US Silver Nanowire Market Share, By Optical Application, 2018 & 2025, (Kilo Tons)
Increasing deployment of silver nanowires in carbon-based solar cells as well as modern LEDs due to agility and a sturdy mechanical hold will propel product consumption across the globe. These products can be effectively used as a substitute for indium tin oxide used in transparent conductive layers on account of strong electrical conductivity, high aspect ratio and wide surface. However, lack of suitable infrastructure for product manufacturing combined with high investment costs may slightly impede silver nanowires industry growth. However, strong demand for efficient devices in the future will ensure consistent usage of the material.
Indium is routinely integrated into modern consumer electronics and green technologies. The metal, when exposed to tin and oxygen forms indium tin oxide (ITO), which is used for conductive purposes like LCD displays. ITO is a transparent conductive electrode, which makes it suitable for touch screen technologies. Moreover, the product is widely deployed in the solar cell industry. Hiking ITO prices caused by increasing scarcity of Indium will result in surging demand for silver nanowire-based conductive electrode, thereby stimulating product adoption. Depletion of Indium metal sources worldwide is likely to foster silver nanowires market size over the projected timeframe.
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Deployment of solar energy technology across the world has accelerated and over the last decade, the U.S. solar sector has exhibited an average annual growth of about 50%. Moreover, installation cost for solar-based equipment has dropped by over 70% in same period. Growing awareness among the global population and various government initiatives towards the adoption of natural and renewable sources of energy has spiked the demand for solar cells. Silver nanowire is used in designing solar equipment owing to transparent and conductive characteristics, which will generate added revenues for silver nanowires industry.
Light-emitting diodes (LEDs) have become one of the most rapidly advancing lighting technologies on account of superior energy-efficiency. In fact, quality LED bulbs are more durable, last much longer, provide better luminance quality compared to others. In 2018, global residential LED shares accounted for a record 40% of all house lighting sales. Deployment of LEDs in the commercial as well as outdoor applications is also rising, especially for linear LEDs. Extensive use of silver nanowires in fabricating LED devices is set to positively drive silver nanowires market outlook.
Fueled by recent advances in technology and R&D, several silver nanowire-based products have already been unveiled for research and through prototype ideas. One of the most innovative applications is in the wearable electronics segment on account of excellent optical, mechanical an electrical characteristics. Wearable electronics worldwide are facing surging demand and estimates suggest that wrist wearables alone will register 100 million sold units by the end of 2019, while all other wearable electronics will touch 7.3 million units. Growing popularity of wearable electronics will rapidly increase demand for the material, in turn propelling silver nanowires industry share.
Owing to extensive applications in optic and electronics sector in relation to anti-microbial nature, efficiency and low toxicity, silver nanowires industry is poised to accrue remarkable gains. Increased utilization in chemical, photovoltaic and biotech sensors on account of exceptional optical, thermal and electric characteristics will bolster the product penetration. Global Market Insights, Inc. estimates that silver nanowires market size will exceed the USD 1.5 billion mark by 2025.
Author Name : Hrishikesh Kadam
Increasing construction activities worldwide coupled with rapidly growing population will drive redispersible polymer powder market size. Due to features like superior water-repellent & hydrophobic properties, enhanced mechanical characteristics like compression-, tensile-, and flexural strength, as well as good workability with modified compounds, the product has witnessed surging demand in the construction sector. It also offers benefits like excellent slip resistance, impact resistance and helps in reducing potential crack formations in structures, thereby augmenting the industry outlook.
U.S. Redispersible Polymer Powder Market Share, By End-user, 2014 – 2025 (USD Million)
With increasing migration of people from rural to urban areas, the construction sector is anticipated to witness increased growth over the coming years, fostering product demand. Moreover, growing need for residential houses, especially across developing countries of Asia and Africa, will boost redispersible polymer powder market trends in the future.
For instance, according to India Brand Equity Foundation (IBEF) reports, the country requires an investment worth Rs 50 trillion (US$ 777.73 billion) in infrastructure by 2022, primarily to undertake sustainable infrastructural development. With such growing needs and investments in the construction business, companies in redispersible polymer powder market are projected to witness new growth opportunities over the forecast period.
Based on polymer type, Vinyl Ester of Versatic Acid (VeoVA) segment in redispersible polymer powder market is increasingly gaining traction in the paints and coating industry. Due to its unique structure, VeoVa provides polymers with superior chemical, water, and UV resistance in addition to enhanced adhesion on various substrates.
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VeoVa vinyl ester based emulsion polymers also feature improved scrub resistance and can effectively be used for developing low VOC, high quality interior paints, industrial coatings, exterior paints, as well as redispersible powders for use in dry-mix mortars.
The product enhances the performance of water-based coatings in demanding applications, thereby enabling manufacturers to switch from solvent-borne systems to more environmentally suitable, low VOC formulations for serving end markets and applications like protective coatings, marine coatings, wood coatings among others.
Moreover, rapid technological advancements and development of new polymers are anticipated to drive VeoVA segment and in turn, fuel redispersible polymer powder industry growth. For instance, in 2019, chemical firm Hexion Inc. announced plans to highlight a unique technology based on its VeoVa™ vinyl ester, one of its key components in specialized hybrid polymer technology developed specifically for the paint & coatings industry at the 2019 European Coatings Show.
Surging demand for cement and mortar from the global construction industry will supplement redispersible polymer powder market growth. The product is used in mortars & cements, plastering & gypsum, tiling & flooring, renders and insulation systems. It also works as an additive and binder to enhance the weatherability, workability, abrasion resistance, toughness and various other aspects of mortar.
With growing application in the construction sector and rising technological advancements, the redispersible polymer powder industry is slated to accrue significant proceeds through the cement & mortar industry. In 2019, chemical company Nouryon launched its redispersible polymer powder Elotex HD2040 in Germany, that is expected to help customers in the production of dry-mix mortars for the construction sector as well as help fulfill the new sustainability and quality requirements.
Asia Pacific redispersible polymer powder market share is anticipated to increase on account of rising product application in the construction sector which is augmented by rapid urbanization. According to UN DESA 2018 report, Asia is estimated to be home to 54% of the world’s urban population. Also, by 2050, India is projected to have an added 416 million urban dwellers followed by China at 255 million, claims the report.
With such growing population and urbanization trends, the construction sector in the region is estimated to witness significant demand for redispersible polymer powder over the forecast period. Federal initiatives promoting use of green infrastructural materials that feature low VOC emissions and effective UV resistant properties will also boost redispersible polymer powder industry size.
Furthermore, trend of rapid growth in the region’s cement industry is expected to expand Asia Pacific redispersible polymer powder market size. For instance, in the first half of 2019, China’s cement industry witnessed about 20% higher revenues, reaching 80 billion yuan (approx. US $11.64 billion). Meanwhile, nationwide cement output grew 6.8% to 1.05 billion tones in the Jan.-June 2019, registering the highest growth rate in the past five years, cites the National Bureau of Statistics (NBS).
Redispersible polymer powder industry is subject to rising technological advancements and innovations and demand for cost-effective product manufacturing that offer superior features. Redispersible polymer powder can effectively improve the water retention of cement and mortar and further enhance their bonding properties. It also makes them ideal for application in the paints and coatings industry.
Swift developments in the construction sector along with increasing urbanization would generate new growth opportunities for redispersible polymer powder industry players. Global Market Insights, Inc. estimates redispersible polymer powder market size to surpass USD 2 billion by 2025.
Author Name : Mateen Dalal