The VAE Emulsion Market is estimated to grow at a high CAGR of 5.44% during the forecasted period of 2021-2030
Market Segmentation:
The global VAE Emulsion Market is segmented on the basis of type and application.
By type, ordinary VAE emulsion held 68.17% share in the market in 2017. This can be credited to its affordability and low volatile organic compounds (VOC) content. On the other hand, the waterproof VAE emulsion segment can exhibit 5.67% CAGR during the review period owing to its ability to bond polyvinyl chloride films.
On the basis of application, paints & coatings accounted for 43.77% share of the VAE Emulsion Market in 2017. Demand for the polymer as a binder in paints and coatings combined with the rise in residential construction activities can drive the segment during the forecast period. On the other hand, the re-dispersible powders segment can exhibit 5.56% CAGR during the assessment period.
The assessment conducted by Market Research Future (MRFR) has found out that the Global VAE Emulsion Market is expected to mark a CAGR of 5.44% during the forecast period 2022 to 2030. The market has been estimated to scale a valuation of USD 4,910.1 Mn towards the end of the review period. The key advantages offered by vinyl-acetate-ethylene (VAE) include adhesion, durability, and water resistance. These features are obtained from the copolymerization of ethylene & vinyl acetate and are expected to exhibit proliferating applications for accelerated revenue creation. In the upcoming years, the demand for epichlorohydrin in the production of epoxy resin is likely to emerge as one of the prominent factors anticipated to catapult the VAE Emulsion Market on an upward trajectory.
VAE emulsion has penetrated major industry verticals such as automotive, construction, wood-based packaging, etc. The growth of these end-users is projected to catalyze the demand for VAE in the years to come. This, in turn, is expected to have a positive influence on the growth pattern of the market over the next couple of years. The ever-increasing production of automobiles backed by rising purchasing power is anticipated to provide impetus to the growth of the VAE Emulsion Market in the forthcoming years.
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Key Players:
The noted players operating in the Global VAE Emulsion Market are Wacker Chemie AG (Germany), Dairen Chemical Corporation (China), Celanese Corporation (U.S.), China Petrochemical Corporation (China), H.B. Fuller Company (U.S.), Vinavil S.p.A. (Italy), Shanxi Sanwei Group Co., Ltd. (China), Benson Polymers Limited (India), U.S. Adhesives, Inc. (U.S.), and Richest Group Limited (China).
Region:
The VAE Emulsion Market based on the region divided into North America, Asia-Pacific, Europe, the Middle East, and Africa, and Latin America. The global VAE Emulsion Vendor Strategies is dominated by Asia-Pacific with 43.32% owing to the growing demand for paints and coatings in various countries like India, China, and South Korea. Also, investments made in a huge amount by the government for improving the infrastructure of the cities for growth of economics drives the demand of VAE Emulsion Market Size. This region is expected to grow at a CAGR of 6.2% at a reach value of USD 2,221.1 million during the forecasted period.
Owing to the increasing need for special formulations for enhancing the appearance of the buildings in the Middle East and Africa region, the growth of the vinyl-acetate ethylene emulsion market will increase in this region and is expected to show a high CAGR of 5.35% during the forecasted period from 2021 to 2030.
Latest Industry News:
Germany-based global chemical company Wacker has announced its participation in the Middle East Coatings Show (MECS) 2019 for the introduction of its sustainable construction solutions including, but not limited to, interior paint, based on Wacker’s VAE technology, which has seven times lower volatile organic compounds (VOC) content compared to conventional paints.
Celanese Corporation, a global chemical and specialty materials company, has completed the acquisition of, one of India’s largest engineering thermoplastics (ETP) compounders, Next Polymers Ltd.
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