Vinyl Acetate Homopolymer Emulsion market Statistics 2020 – Global Leading Players, Industry Updates, Growth Trends, Business Prospects and Future Forecast to 2027
Market Overview:
Vinyl Acetate Homopolymer Emulsion is a type of
vinyl acetate emulsions. It has various properties such as excellent tensile
strength, rapid settling, and high molecular weight. Owing to its durability,
excellent adhesion capacity to various substrates, and cost-effectiveness, it
is used in numerous end use industries such as wood, textile, building &
construction, and paints & coatings among others. Vinyl Acetate Homopolymer
Emulsion possess pigment binding ability and excellent water resistance
capacity, which makes it suitable for paper and paperboard coatings.
Rising disposable income along with the increasing
awareness about the low VOC content products is driving the growth of the Vinyl
Acetate Homopolymer Emulsion Market. Rising automotive sales in the developed
as well as developing region coupled with the use of coatings on the automotive
parts is expected to accelerate the market growth over the forecast period
Market Segmentation:
Vinyl
Acetate Homopolymer Emulsion is segmented on the basis of applications and
end use industries. On the basis of application, the market is categorized into
coatings, wood glues, adhesives, and others.
On the basis of end use industries, the Vinyl
Acetate Homopolymer Emulsion Market is segmented into wood, textile, paperboard
& packaging, building & construction, paints & coatings, and
others.
The growing demand for Vinyl Acetate Emulsion based
products has been observed due to the increasing share Of vinyl Acetate
Homopolymer Emulsion in the wood industry. Increasing population coupled with
rising demand for innovative furniture & decor is projected to drive the
market growth.
Growing construction activities resulting in the
demand for luxurious and comfortable furniture and is expected to drive the
growth of the global market. Additionally, the rising interest from modern
furniture manufacturers for the production of cupboards, furniture, windows,
cabinets, and flooring is driving the markets growth.
Paints & coating sector is predicted to hold a
major share as compared to other sectors. The rising demand for high quality
paints and technology driven coatings is expected to boost the products demand
over the forecast period. Moreover, the Vinyl Acetate Homopolymer Emulsion are
not flammable, which reduces its storage & handling charges and fire
insurance cost.
Increasing demand for packaging products such as bag
seam, paper cup, paper bags & sacks, and associated materials is expected
to drive the market growth. Moreover, the rising demand for textile fabrics
such as nylon, mules, poplins, and voiles, and other synthetic fibers drive the
demand for Vinyl Acetate Homopolymer Emulsion.
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Competitive Analysis:
Some of the major players operating in the Global
Vinyl Acetate Homopolymer Emulsion Market are Celanese Corporation (U.S), Pexi
Chem Private Limited. (India), Tailored Chemical (U.S), The Dow Chemical
Company (U.S), Xyntra Chemicals B.V. (the Netherlands), Acquos (Australia),
Wacker Chemie AG (Germany) and others.
Regional Analysis:
Asia Pacific holds a major share of the Globe Vinyl
Acetate Homopolymer Emulsion Market followed by Europe and North America on
account of increasing paperboard & packaging, buildings & construction,
and paints & coatings sectors. Substantial growth in the applications of
vinyl acetate homopolymer emulsion in emerging countries such as India, China,
Australia, Indonesia, Malaysia, and Japan is expected to increase Vinyl Acetate
Homopolymer Emulsion demand over the forecast period.
Europe is predicted to witness a moderate growth
over the forecast period due to growing demand for low VOC coatings in paints
& coatings industry leading to a high usage of products in construction
industry. Germany is a prominent country in the European Vinyl Acetate
Homopolymer Emulsion Market followed by the UK, France, and Italy. The
automotive sector is highly focusing on reducing the cost and maintain
regulatory norms for using coatings and adhesives. Thus, the growing adhesives
applications across the industries along with the high penetration of products
is expected to propel the market growth.
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