Pune, India, August 11, 2017, /MRFR Press Release/- Market Research Future published a Half-Cooked Research Report on Vinyl Acetate Homopolymer Emulsion Market.
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.
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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.
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.
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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