According to the latest research, the demand for Polymer Plaster is anticipated to grow with a compelling growth rate of about 4.2% to 6.2% in between the coming assessment period of 2021-2031. Due to increasing demand for various applications from construction sector like residential, commercial, institutional and industrial.
This plaster is commonly used to improve the finishing of the exterior and interiors of all types of buildings. Polymer Based Ready Mix Plaster is specially designed to provide a denser concrete mix than standard cements.
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What is Driving Demand for Polymer Plaster?
Polymer-based plasters have become significantly more flexible due to modern technology. They are properly suited to avoid scratches, cracks, and corrosion of the system’s structure. The ready-to-use composition, which contains particular polymers and fillers, effectively compensates for thermal stress and probable wall movements, making polymer plasters more resistant to adverse weather conditions such as high UV radiation, rain, and frost, among others.
They are used to reduce costs through a shortened application process, lower labor costs, and a shorter formwork time. The advanced formula also has long-lasting effects such as perfect texture and higher resistance. All these factors drive the market growth of the market during the forecast period.
Asia Pacific Demand Outlook
Asia Pacific region is anticipated to remain the fastest growing region globally. With the substantially growing industrial sector in this region especially in China, and India the growth rate of this region is projected to remain high during the forecast period.
In 2021, the residential category is expected to have the largest market share. Residential building activities are likely to be fueled by the rapidly growing population and developing economies of nations such as China and India, which would drive demand for polymer plaster in residential construction.
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Europe Demand Outlook
Factors such as booming urbanization, rapidly growing construction and increasing utilization of ready-mixed concrete (RMC) apart from non-hazardous, green, and sustainable construction chemicals in developed countries is driving the demand for polymer plaster in European countries.
However, because to an increasing inclination toward green building and a rebounding construction industry in the region, European markets are emerging as the primary destinations for polymer plaster and its products. One of the most important features of the market’s developments in this region is the progressive expansion of commercial and industrial building.
Who are the Key Manufacturers and Suppliers?
Some of the leading manufacturers and suppliers include
- Saint Gobain
- Mapei SpA
- Wacker Chemie AG
- Drymix S.A.E.
- Cementos CAPA
- Japan Coating Resin Corporation
- Guangzhou Yuanye Industrial Co.
- MYK Laticrete
- Xtreme Buildchem Pvt. Ltd.
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