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Vinyl Acetate Homopolymer Emulsion
The 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 resistance, 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.
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.
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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.
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 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 a 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.
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.
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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.
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.