Vinyl Acetate Homopolymer Emulsion Market 2022 worldwide Industry Analysis by Size, Share, Trends, Key Players, Growth Application
Global vinyl acetate homopolymer emulsion market is growing rapidly. The market is majorly driven by the rising consumption of PVA Homopolymer materials across industries. PVA Homopolymer possesses superior properties such as heat resistant, faster setting adhesive, and excellent water resistance capacity as compared to other polymers. As a result, PVA emulsion materials find applications in various end-use industries such as wood, paints & coatings, paperboard & packaging, and others.
According to Market Research
Future (MRFR), the global vinyl acetate homopolymer emulsion market is
projected to grow rapidly over the forecast period. The market is forecasted to
demonstrate outstanding growth by 2023, registering an impressive CAGR during
the anticipated period (2022 – 2030). Also, rising usages of PVA emulsion in
designing wood for interior and exterior foster the growth of the vinyl acetate
homopolymer market worldwide.
Sample link - https://www.marketresearchfuture.com/sample_request/4043
Moreover, increasing government
initiatives to promote the use of low VOC coating is expected to drive the
market over the anticipated period. Furthermore, social and regulatory
intervention encouraging usages of eco-friendly emulsion fuels the demand in
the vinyl acetate homopolymer emulsion market. Rising investments in the
construction industry, alongside the expansion of paints & coatings sector
in developing regions, act as major tailwinds for the growth of the market.
On the other hand, the high price
of vinyl acetate homopolymer emulsion compared to conventional emulsion
materials is estimated to hamper the growth of the market over the forecast
period. Also, factors such as the price volatility and demand-supply gap in raw
materials challenge manufacturers and restrict the production of PVA
emulsion. Nevertheless, rising consumer
awareness regarding the harmful impact of solvent-based emulsions would support
the growth of the global vinyl acetate homopolymer emulsion market.
Vinyl Acetate Homopolymer Emulsion Market – Segments
For convenience the market is segmented into three key dynamics;
By Application : Wood Glues, Coatings, Adhesives, and others.
By End Use
Industry : Textile, Wood, Paperboard & Packaging, Building
& Construction, Paints & Coatings, and others.
By Regions :
North America, Europe, APAC, and the-Rest-of-the- World.
Vinyl Acetate Homopolymer Emulsion Market – Regional
Analysis
The Asia Pacific region dominates the global vinyl acetate homopolymer
emulsion market. Raw material advantage and the availability of
cost-competitive workforce in the region act as a major driving force for the
growth of the market. Besides, the rising demand from end-use industries such
as wood, textile, paperboard & packaging, and paints & coatings drive
the regional market growth. The demand for vinyl acetate homopolymer emulsion
in the region is projected to surge due to growing construction activities and
development of the paper & packaging industry in India, China, and Japan.
The APAC vinyl acetate homopolymer emulsion is expected to grow at the highest
CAGR during the forecast period.
On the other hand, the vinyl acetate homopolymer emulsion market in North
America and Europe witness comparatively sluggish growth. Stringent regulations
against VOC emissions act as a major factor that diverts most demand towards
the APAC region. Various regulatory bodies in these regions, such as the US
Environmental Protection Agency (EPA) and European Chemical Agency (ECHA), have
implemented stringent regulatory norms on the production of vinyl acetate
homopolymer emulsion materials.
However, the scenario is expected to improve significantly during the
years to come as the manufacturers in Europe and North America are now adopting
the production of low VOC based products. As a result, the vinyl acetate
homopolymer emulsion market value in North America and Europe is estimated to
grow gradually over the review period.
Vinyl Acetate Homopolymer Emulsion Market –
Competitive Analysis
Highly competitive, the vinyl acetate homopolymer emulsion market appears
fragmented with many large and small players, alongside new entrants form a
competitive landscape. Key strategies traced during the analysis of recent
developments of the key players include mergers & acquisitions,
collaborations, product launch, and expansion. Such strategic deals support the
growth and expansion plans of key players.
On the product and sales side, companies invest in brand building,
innovation/R&D, and to foster strong relationships with customers to
support their competitive position. Manufacturers strive to deliver innovative
solutions that improve the design and manufacturing processes of a business
around the world.
Major
Players:
Players leading the global vinyl acetate homopolymer emulsions market are
Pexi Chem Private Limited. (India), Celanese Corporation (US), Tailored
Chemical (US), Xyntra Chemicals BV (the Netherlands), The Dow Chemical Company
(US), Wacker Chemie AG (Germany), and Acquos (Australia), among others.
Industry/
Innovation/ Related News:
April
3, 2020 --- Celanese
Corporation (the US), a leading global chemical company, announced the
completion of its acquisition of Nouryon’s redispersible polymer powders
business under the Elotex brand. Also, the Company has acquired all products
under the Elotex portfolio and customer agreements, technology, and commercial
facilities worldwide. Celanese now owns global production facilities of Nouryon
for redispersible polymer powders throughout Europe and Asia.
Celanese plans to incorporate Elotex’s product portfolio &
manufacturing facilities into its global vinyl acetate ethylene (VAE) emulsion
business to meet the global product demand. The buyout strengthens Celanese’s
global leadership position in the VAE emulsions space and supports customers in
construction & building materials.
Comments
Post a Comment