VAE (Vinyl Acetate Ethylene) emulsion companies produce emulsions based on VAE copolymers. These emulsions find applications in adhesives, paints, coatings, and construction materials. Companies in this sector focus on developing emulsions with specific properties, such as adhesion, flexibility, and water resistance.
VAE Emulsion Market
January 2023 – KBR, a leading US-based multinational contractor, along with Showa Denko, its Japanese acetyls technology associate, have been chosen by Asian Paints to offer services for a grassroots vinyl acetate monomer (VAM) facility in India. As per the terms of the deal, the company will offer a technology license, proprietary equipment, and basic engineering for a 100,000 t/y facility, whilst Showa Denko will offer the catalysts, together with its technical operating knowledge. The precise location of the new facility has not been disclosed yet, nor has a timescale for the plan. Doug Kelly, KBR president, technology said that they are happy to back Asian Paints' image to generate eco-friendly paints using their VAM technology. he further added that along with offering a sustainable solution, the facility will drive substantial cost efficiencies for Asian Paints by incorporating their production and supply chain and lowering import of raw materials.
November 2022-Â Asian Paints has recently disclosed their plans to set up a new production facility to manufacture Vinyl Acetate Monomer (VAM) and Vinyl Acetate Ethylene Emulsion (VAE) in India. The development of the latest plant to produce VAM would be dependent on certified technology set up with Kellogg Brown & Root LLC (KBR), USA. KBR refers to a USD 7.3 Bn company based in the USA that exists in almost 80+ countries. It is now disclosed that the organization has announced its debut in technology and other related contracts with KBR for producing VAM in India.
January 2023-Â Asian Paints integrated Asian Paints (Polymers), a fully owned subsidiary, on 11 January 2023 with the objective of building the latest production plant for Vinyl Acetate Monomer (VAM) and Vinyl Acetate Ethylene Emulsion (VAE) in India with an official share capital of Rs 100 crore.
The major key players in the VAE emulsion market in the global market are as follows:
VAE Emulsion Market Overview
According to the Market Research Future (MRFR) report, the VAE Emulsion Market is estimated to grow at a high CAGR of 5.44% during the forecasted period of 2021-2030. The vinyl-acetate ethylene emulsion is associated with many benefits like high durability, water-resistant, and easy adhesion to different substrates. The demand for vinyl-acetate ethylene emulsion is growing widely in the paints and coatings sector, which is projected to enhance the global market growth in the research period.
The global market for VAE Emulsion is expanding due to the extensive rising use of vinyl-acetate ethylene emulsion in industries like automotive, construction, wood and wood-based packaging, and others. Moreover, the global market is projected to witness significant opportunities in the forecast period due to the growing awareness of green buildings to prevent global warming and reduce emissions of harmful gasses.
According to the VAE Emulsion Market analysis, the global market has been segmented based on type and application. Further, the type segment is segregated into waterproof and ordinary. The application is further segmented into paints and coatings, textiles and nonwoven, caulks and sealants, re-dispersible powders, and others.
COVID 19 Analysis
The global pandemic of COVID 19 has made the lives of all businesses adverse. It has forced the economies to forced recession as a result a downfall is seen in the market trend. Due to COVID 19, now everyone has to fight the battle against the health sector as well as the financial sector. Owing to the COVID 19, it has shut down various manufacturing units and logistics and supply chains which is very much essential for the growth of the vinyl-acetate ethylene (VAE) emulsion market. This hinders the growth of the VAE emulsion market in the global market.
The VAE emulsion market is expected to recover during the beginning of the second quarter in the coming year.
Market Dynamics
Drivers
The emergence of extensive use of vinyl-acetate ethylene emulsion across various industries such as construction, automotive, wood and wood-based packaging are some of the driving factors that boost the growth of the VAE emulsion market in the global market during the forecasted period from 2017 to 2023. Another factor contributing to the growing share of the VAE emulsion market emulsion is the use of VAE emulsion in headliners and trucks with compatible thermoplastic polymers.
Opportunities
The increase in awareness of green buildings to reduce emissions of harmful gasses to prevent global warming acts as an opportunity for the VAE emulsion market in the global market. Also, because of growing concern about global warming government has put strict environmental regul5 regarding the infrastructure projects of buildings, bridges, and many others. Also, due to enhancement in the indoor environment of buildings, the VAE emulsion market has great growth opportunities during the forecasted period.
Challenges
The main challenge faced by the vinyl-acetate ethylene co-polymer emulsions market is the lack of stability in the supply of ethylene. If the site is not connected to direct ethylene supply then the procurement of ethylene becomes very difficult with rail or road car when compared with liquid monomers. This will increase the raw material cost. Another challenge faced by the VAE emulsion market is the difference in pricing according to different regions, which will ultimately increase the total cost of the finished products.
Value Chain Analysis
The increase in the VAE emulsion market in the global market has helped in the protection of the environment from global warming issues. The products made with VAE emulsion become water-resistant and more durable and their painting and coatings also provide a better experience to their customers.
Market Segmentation
The VAE emulsion market in the global market is divided based on type, and application.
Based on the type
The vinyl-acetate ethylene emulsion market in the global market is segregated based on type into ordinary and waterproof VAE emulsion market. Due to the low price of the product and minimal volatile organic compound (VOC) content, ordinary Vinyl-acetate ethylene emulsion has the largest share of about 68.17% in the global market.
Based on the application
The vinyl-acetate ethylene emulsion market in the global market is segregated based on application into textiles and nonwoven, paints and coatings, re-dispersible powders, caulks and sealants, and many others. The leading application type is painting and coating with a share of 43.77% owing to an increase in demand for the construction sector. Also, another factor that boosts the growth of vinyl-acetate ethylene emulsion is good aging, properties of foaming resistance, and low odour inherent.
Regional Analysis
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 market 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. 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 2017 to 2023.
Competitive Landscape
The major key players in the VAE emulsion market in the global market are as follows:
These major key players use various strategies like expansions, distribution agreements, research, and development expansion to get a competitive edge in the global vinyl-acetate-ethylene market.
Recent Developments
In Mar 2021
The worldwide specialty materials and chemical company Celanese Corporation has introduced significant facility expansions, novel unit builds, and necessary debottlenecking projects in Asia and Europe. Likely, the company has aimed to achieve its goal by gaining the world's leading vinyl acetate and emulsion polymers producer.
In April 2020
The prominent player Synthomer plc acquired Omnova solutions, a major water-based polymer solutions supplier. It has aimed to strengthen the business working of emulsion and operational capabilities of Synthomer plc worldwide.
Report Overview
This vinyl-acetate ethylene emulsion market research report consists of the following:
This research report tells us about the functions of the vinyl-acetate ethylene emulsion market along with the various factors that drive the growth of this market and the factors that restrain the global market. In this report impact of COVID 19 is also mentioned along with the expected future growth rate is estimated and mentioned.
Research Methodology
The vinyl-acetate ethylene emulsion market research report has both qualitative and quantitative aspects. Both primary and secondary data is used. For primary data, interviews are conducted with top market players in the vinyl-acetate ethylene emulsion market and secondary data is collected through various journals, reports, and government publications.
Users
Raw material suppliers, distribution/traders/wholesalers/suppliers, regulatory bodies, including government agencies and NGOs, commercial research and development (R&D) institutions, importers and exporters, government organizations, consulting firms, research organizations, trade associations, and industry bodies, end-use industries, and others.
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