Pune, India, April, 2019/MRFR Press Release/- Market Research Future Published a Cooked Research Report “Global VAE Emulsion Market Research Report - Forecast to 2023” - Market Analysis, Scope, Size, Growth, Trends and Forecast up to 2023.
Market Research Future (MRFR) predicts the global VAE emulsion market size to reach a valuation of USD 4,910.1 million by exhibiting 5.44% CAGR over the forecast period (2018-2023). Vinyl acetate-ethylene (VAE) emulsions are polymers with excellent adhesion properties. The demand for VAE emulsions in the paints and coatings sector is expected to spur market demand. Need for low-odor interior paints due to scarcity of microorganisms due to its coalescing properties and low production cost can be beneficial to the market.
The wide scope of VAE emulsions in pressure-sensitive paper labels, automobiles, construction, and paper and packaging industries. The replacement of conventional emulsions with water-based mixtures thanks to excellent formulation and cost in-use can offer growth opportunities to the market. In the automotive sector, the compatibility of these mixtures with polyurethane dispersions and water dispersible polyurethane hardeners can further the market. The rising automobile production in APAC coupled with application of emulsions in door paneling and headliners can contribute to market revenue.
But fluctuating raw material prices for the manufacture of vinyl-acetate monomer (VAM) and VAE can act as a growth restraint.
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.
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Geographically, the VAE emulsion market is segmented into North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa (MEA). APAC accounted a market share of 43.32% in 2017, followed by North America. Europe possesses 17.84% market share in 2017, followed by MEA and Latin America.
The APAC region is growing at 6.20% CAGR over the forecast period. This can be attributed to growth of the coatings, paints, and construction sectors. This is further fueled by rapid urbanization and industrialization witnessed in the region.
On the other hand, the Europe VAE emulsion market can experience a dull growth rate due to slowdown in demand from construction and paints & coatings industries. But technological advances in polymer emulsion can revive the fortunes of the region.
The North America region held for second largest market in 2017 due to popularity of green buildings and rise of renovation projects. In addition, strict mandates outlining the use of eco-friendly solutions can drive the regional market growth.
The MEA region can exhibit moderate CAGR during the forecast period. The growing construction sector and the focus of economies of Saudi Arabia and the UAE on increasing their tourism can spark the demand in the VAE emulsion market.
Major players in the VAE emulsion market include Wacker Chemie AG (Germany), Celanese Corporation (U.S.), Dairen Chemical Corporation (China), China Petrochemical Corporation (China), Vinavil S.p.A. (Italy), H.B. Fuller Company (U.S.), Shanxi Sanwei Group Co., Ltd. (China), U.S. Adhesives, Inc. (U.S.), Benson Polymers Limited (India), and Richest Group Limited (China).
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