Pune, India, May 16, 2019 (GLOBE NEWSWIRE) -- The assessment conducted by Market Research Future (MRFR) has found out that the Global VAE Emulsion Market is expected to mark a CAGR of 5.44% during the forecast period 2018 to 2023. The market has been estimated to scale a valuation of USD 4,910.1 Mn towards the end of the review period. The key advantages offered by vinyl-acetate-ethylene (VAE) include adhesion, durability, and water resistance. These features are obtained from the copolymerization of ethylene & vinyl acetate and are expected to exhibit proliferating applications for accelerated revenue creation. In the upcoming years, the demand for epichlorohydrin in the production of epoxy resin is likely to emerge as one of the prominent factors anticipated to catapult the VAE Emulsion Market on an upward trajectory.
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VAE emulsion has penetrated major industry verticals such as automotive, construction, wood-based packaging, etc. The growth of these end-users is projected to catalyze the demand for VAE in the years to come. This, in turn, is expected to have a positive influence on the growth pattern of the market over the next couple of years. The ever-increasing production of automobiles backed by rising purchasing power is anticipated to provide impetus to the growth of the VAE Emulsion Market in the forthcoming years.
The alarming level of emission responsible for environmental pollution has paved the way for the adoption of green buildings. VAE Emulsions contain a negligible amount of volatile organic compounds (VOC) which is likely to make it popular among the construction industry leaders over the assessment period. The implementation of emission laws, in conjunction with the rising concern of global warming has unleashed developmental opportunities to the market that are expected to be capitalized on in the nearby future. This, in turn, is projected to augment the VAE Emulsion Market in the forthcoming years.
Key Players:
The noted players operating in the Global VAE Emulsion Market are Wacker Chemie AG (Germany), Dairen Chemical Corporation (China), Celanese Corporation (U.S.), China Petrochemical Corporation (China), H.B. Fuller Company (U.S.), Vinavil S.p.A. (Italy), Shanxi Sanwei Group Co., Ltd. (China), Benson Polymers Limited (India), U.S. Adhesives, Inc. (U.S.), and Richest Group Limited (China).
Market Segmentation:
This MRFR report offers a comprehensive segmental analysis of the Global VAE Emulsion Market based on Type and Application. By Type, the market has been bifurcated into ordinary VAE emulsion and waterproof VAE Emulsion. The ordinary VAE Emulsion segment is held 68.17% share of the market in 2017. It is projected to maintain a healthy growth pace in the years to come, which is attributable to minimal volatile organic compound (VOC) content and low cost.
Browse the market data and information spread across 147 pages with 158 data tables and 24 figures of the report “VAE Emulsion Market Report - Forecast 2018-2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/vae-emulsion-market-7714
The VAE Emulsion Market, by Application, has been segmented into paints & coatings, textiles and nonwoven, caulks and sealants, re-dispersible powders, and others. Among these, the paints & coatings segment held the maximum market share in 2017, which accounted for 43.77% share. The growth of the construction sector reflects on the expansion of the segment. The key advantages offered, such as foaming resistance, durability, etc. is poised to augment the segment over the next couple of years.
Asia Pacific expected to dominate the global marketplace
The regional analysis of the Global VAE Emulsion Market spans across five major regions - North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America. Asia Pacific, with a major market share of 43.32% in 2017, is expected to exercise dominance over the global marketplace through the forecast period. The growth can primarily be ascribed to the rising penetration of paints & coatings market in country-level markets such as South Korea, India, and China. According to the study, the regional market for VAE Emulsion is anticipated to touch a valuation of USD 2,221.1 Mn by 2023-end reflecting a CAGR of 6.20%. Apart from Asia Pacific, the Middle East & Africa is expected to exhibit a healthy growth in spite of its socio-political issues. It is expected to strike a CAGR of 5.35% during the review period owing to the growth of the construction sector in the region.
Latest Industry News:
Germany-based global chemical company Wacker has announced its participation in the Middle East Coatings Show (MECS) 2019 for the introduction of its sustainable construction solutions including, but not limited to, interior paint, based on Wacker’s VAE technology, which has seven times lower volatile organic compounds (VOC) content compared to conventional paints.
Celanese Corporation, a global chemical and specialty materials company, has completed the acquisition of, one of India’s largest engineering thermoplastics (ETP) compounders, Next Polymers Ltd.
Summary:
Vinyl-Acetate-Ethylene (VAE) offers adhesion, water resistance, and durability, which is poised to increase its applications across different industry domains. The growth of the end-user industries such as construction, automotive, etc. is anticipated to create massive demand for VAE Emulsion over the next couple of years. Also, the growing demand for epoxy resin is likely to drastically augment the demand for VAE Emulsion over the next couple of years. Thus, a healthy growth trajectory has been projected tor VAE Emulsion Market, which is supported by the ongoing trend of adopting low emission building materials. The low VOC content of VAE is projected to benefit from the strict emission laws being implemented worldwide. According to Market Research Future (MRFR)’s analysis, the Global VAE Emulsion Market is expected to expand at 5.44% CAGR over the projection period 2018 to 2023 scaling a valuation of USD 4,910.1 Mn by 2023-end.
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