Vinyl Acetate-Ethylene Emulsions Market - Forecast(2024 - 2030)

Report Code: CMR 87443 Report Format: PDF + Excel

Vinyl Acetate-Ethylene Emulsions Market Overview

Vinyl Acetate-Ethylene Emulsions Market size is forecast to reach US$2.9 billion by 2027, after growing at a CAGR of 5.3% during 2022-2027. Vinyl acetate ethylene (VAE) emulsions are made by copolymerizing polyvinyl acetate and ethylene, with the polyvinyl acetate percentage ranging from 60% to 95% and the ethylene content ranging from 5% to 40% of the whole formulation. The emulsion copolymerization of vinyl acetate and ethylene monomers in the presence of a stabilizing system consists primarily of polyvinyl alcohol and polyethylene glycol produces the copolymers. Globally, the rising replacement of conventional emulsions with water-based combinations, due to their good formulation and low cost of usage, could also provide market growth prospects. Rising automotive production in various regions combined with the use of emulsions in door panels and headliners, can boost market revenue. Also, the driving need for low-odor interior paints due to scarcity of microorganisms owing to its coalescing properties and low production cost has been driving the growth of the industry.

COVID – 19 Impact:

Vinyl acetate-ethylene emulsions market was highly affected due to the COVID-19 palindrome. Halt in several ongoing construction projects and huge declination in the automotive sector reduced the demand for paints and coatings, adhesives, and other products, which negatively affected the market growth. For illustration, according to the World Motor Vehicle Production by Country/ Region the automotive production in 2020 declined by -21.6%, -22.1%, -10.2%, and -35.3% in Europe, America, Asia-Oceania, and Africa respectively. However, with the construction and automotive industry coming back on track the market for vinyl acetate-ethylene emulsions is set to rise over the projected period.

Report Coverage

The report "Vinyl Acetate-Ethylene Emulsions Market Report – Forecast (2022-2027)" by IndustryARC covers an in-depth analysis of the following segments of the vinyl acetate-ethylene emulsions industry.

By Application: Paints and Coatings, Adhesives, Non-wovens, Paper and paperboard coatings, Caulks and Sealants, Carpets, and Others
By End-Use Industry: Building and Construction (Residential Construction, Commercial Construction, Industrial, and Infrastructure), Textile and Apparel (Agrotech/Agriculture Textile, Home Textile, Clothing Textile, Others), Transportation (Automotive, Aerospace, Marine, and Others), and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and New Zealand, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)

Key Takeaways

  • The APAC region dominates the vinyl acetate-ethylene emulsions market due to the rising government investments in the building and construction industries in emerging economies such as China, Japan, India, and South Korea. For instance, by 2022, the Pradhan Mantri Awas Yojana (PMAY) scheme in India is estimated to have built 11.22 million urban homes. 11.3 million houses have been approved since the policy began on March 31, 2021.
  • Rapidly rising demand for vinyl acetate-ethylene emulsions owing to its excellent adhesion to a wide range of substrates, such as paper, wood, plastics, metal, and concrete, is estimated to drive the growth of the industry.
  • An increase in demand for paints and coatings is one of the primary factors driving the growth of the market. For instance, according to the World Paint & Coatings Industry Association (WPCIA), global sales of paints and coatings was around US$ 173 billion in 2019, owing to the growing construction industry and rising consumer spending.
  • Furthermore, fluctuating price of raw materials such as ethylene will hinder the growth of the vinyl acetate-ethylene emulsions market in the forecast period.
Figure: Asia-Pacific Vinyl Acetate-Ethylene Emulsions Market Revenue, 2021-2027 (US$ Million)

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Vinyl Acetate-Ethylene Emulsions Market Segment Analysis – By Application

Paints and Coatings held the largest share in the vinyl acetate-ethylene emulsions market and is expected to continue its dominance over the period 2022-2027. Owing to the alluring characteristics, such as low volatile organic compound (VOC), low odor, excellent scrub resistance, outstanding shielding power, and easy to adjust additives composition, the demand for vinyl acetate-ethylene emulsions in the paint and coating industry has increased. The rising growth of the paints and coatings sector has also uplifted the growth of the vinyl acetate-ethylene emulsions industry. In the upcoming years with the rising growth of the paints & coatings industry, the demand for vinyl acetate-ethylene emulsions is set to rise. This would further drive the growth of the vinyl acetate-ethylene emulsions market.

Vinyl Acetate-Ethylene Emulsions Market Segment Analysis – By End-Use Industry

The buiding and construction sector dominated the vinyl acetate-ethylene emulsions market in 2021 and is projected to grow at a CAGR of 5.8% during 2022-2027. The market in the region is also witnessing expansion with the rising growth of new construction activities in emerging economies such as USA, Canada, and Mexico. For instance, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly developed new residential construction statistics for December 2021, the seasonally adjusted annual rate of privately-owned housing units authorized by building permits in December was 1,873,000 which is 6.5% higher than the December 2020 rate of 1,758,000 units. The rising growth of new construction activities will drive the need for paints & coatings which is further anticipated to boost the vinyl acetate-ethylene emulsions market in the region over the forecast period.

Vinyl Acetate-Ethylene Emulsions Market Segment Analysis – By Geography

The Asia-Pacific region dominated the vinyl acetate-ethylene emulsions market with a share of 37.4% in terms of value in the year 2021. The market in the region is witnessing expansion with the increasing consumption of vinyl acetate-ethylene emulsions in several end-use sectors such as building and construction, textile and apparel, transportation, and others. For instance, in 2021, the Central Sanctioning and Monitoring Committee (CSMC) approved the construction of 1,68,606 new homes in urban areas under the Pradhan Mantri Awas Yojana. Also, the Indian automotive industry (including component manufacturing) is estimated to reach US$ 251 billion to US$ 282 billion by 2026, according to India Brand Equity Foundation (IBEF). With the rising growth of the building and construction and automotive sectors in Asia Pacific region, the demand for paints and coatings would increase in the forecast period. This, is estimated to be the driving factor behind Asia Pacific vinyl acetate-ethylene emulsions market growth.

Vinyl Acetate-Ethylene Emulsions Market Drivers

Advantageous Properties of Vinyl Acetate-Ethylene Emulsions

Vinyl acetate ethylene emulsions are high-performance emulsions with improved flexibility, exceptional moisture resistance, and tack and adhesion in low temperature and damp circumstances. The use of ethylene as a copolymer efficiently decreases the final polymer's glass transition temperature without the use of plasticizers that can migrate. With strong initial adhesion and high wet tack, as well as good creep resistance, VAEs attach well to nonporous surfaces like vinyl and aluminium. Waterproofing coatings, carpet backings, engineered fabrics, paints and coatings, woodworking adhesives, laminating applications, and other uses for these copolymers can be found in both industrial and consumer applications. They also have environmental benefits since they have good film-forming capabilities without the use of coalescing agents, as seen in low VOC paints and coatings. In recent years, the rising demand for vinyl acetate ethylene emulsions has uplifted the growth of the industry.

Vinyl Acetate-Ethylene Emulsions Market Challenges

Hazards Associated With Vinyl Acetate-Ethylene Emulsions

One of the major challenges that the vinyl acetate-ethylene emulsions market faces is health and fire hazards associated with it. According to the U.S. Environmental Protection Agency, Vinyl acetate has been linked to problems with reproduction. It is an irritant to the skin and upper respiratory tract, as well as a depressive to the central nervous system. Exposure caused gradual deterioration of heart muscles. Additionally, as per the ILO International Chemical Safety Cards (ICSC), Vinyl acetate-ethylene emulsions are highly flammable and which is explosive when comes in contact with vapour/air mixtures. Heating also causes a rise in pressure with the high risk of bursting. With such growing effects, the demand for vinyl acetate-ethylene emulsions is estimated to get hindered over the projected period.

Vinyl Acetate-Ethylene Emulsions Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the vinyl acetate-ethylene emulsions market. vinyl acetate-ethylene emulsions top 10 companies include:

  1. Wacker AG
  2. Celanese Corporation
  3. DCC
  4. Sinopec Corporation
  5. Vinavil
  6. Wanwei
  7. Dow
  8. Sumika Chemtex
  9. SANWEI
  10. Shaanxi Xutai and others

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1. Vinyl Acetate-Ethylene Emulsions Market- Market Overview
    1.1 Definitions and Scope
2. Vinyl Acetate-Ethylene Emulsions Market - Executive Summary
    2.1 Key Trends by Application
    2.2 Key Trends by End-Use Industry
    2.3 Key Trends by Geography
3. Vinyl Acetate-Ethylene Emulsions Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Vinyl Acetate-Ethylene Emulsions Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Vinyl Acetate-Ethylene Emulsions Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Vinyl Acetate-Ethylene Emulsions Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Vinyl Acetate-Ethylene Emulsions Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Vinyl Acetate-Ethylene Emulsions Market – By Application (Market Size -US$ Million/Billion)
    8.1 Paints and Coatings
    8.2 Adhesives
    8.3 Non-wovens
    8.4 Paper and paperboard coatings
    8.5 Caulks and Sealants
    8.6 Carpets
    8.7 Others
9. Vinyl Acetate-Ethylene Emulsions Market – By End-Use Industry (Market Size -US$ Million/Billion)
    9.1 Building and Construction
        9.1.1 Residential Construction
        9.1.2 Commercial Construction
        9.1.3 Industrial
        9.1.4 Infrastructure
    9.2 Textile and Apparel
        9.2.1 Agrotech/Agriculture Textile
        9.2.2 Home Textile
        9.2.3 Clothing Textile
        9.2.4 Others
    9.3 Transportation
        9.3.1 Automotive
            9.3.1.1 Passenger Cars
            9.3.1.2 Light Commercial Vehicles
            9.3.1.3 Heavy Commercial Vehicles
        9.3.2 Aerospace
            9.3.2.1 Civil Aircraft
            9.3.2.2 Military Aircraft
            9.3.2.3 Others
        9.3.3 Marine
        9.3.4 Others
    9.4 Electrical & Electronics
    9.5 Others
10. Vinyl Acetate-Ethylene Emulsions Market - By Geography (Market Size -US$ Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zealand
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of the Middle East
    10.5.2 Africa
        10.5.2.1 South Africa
        10.5.2.2 Nigeria
        10.5.2.3 Rest of Africa
11. Vinyl Acetate-Ethylene Emulsions Market – Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. Vinyl Acetate-Ethylene Emulsions Market – Industry Competition Landscape Premium
    12.1 Company Benchmarking Matrix – Major Companies
    12.2 Market Share at Global Level – Major companies
    12.3 Market Share by Key Region – Major companies
    12.4 Market Share by Key Country – Major companies
    12.5 Market Share by Key Application – Major companies
    12.6 Market Share by Key Product Type/Product category – Major companies
13. Vinyl Acetate-Ethylene Emulsions Market – Key Company List by Country Premium Premium
14. Vinyl Acetate-Ethylene Emulsions Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies*"
LIST OF TABLES

LIST OF FIGURES

1.US Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
2.Canada Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
3.Mexico Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
4.Brazil Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
5.Argentina Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
6.Peru Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
7.Colombia Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
8.Chile Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
9.Rest of South America Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
10.UK Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
11.Germany Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
12.France Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
13.Italy Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
14.Spain Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
15.Rest of Europe Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
16.China Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
17.India Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
18.Japan Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
19.South Korea Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
20.South Africa Vinyl Acetate-Ethylene Emulsions Market Revenue, 2019-2024 ($M)
21.North America Vinyl Acetate-Ethylene Emulsions By Application
22.South America Vinyl Acetate-Ethylene Emulsions By Application
23.Europe Vinyl Acetate-Ethylene Emulsions By Application
24.APAC Vinyl Acetate-Ethylene Emulsions By Application
25.MENA Vinyl Acetate-Ethylene Emulsions By Application