Vinyl Acetate Ethylene Copolymer (VAE) Powder Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4335
Vinyl Acetate Ethylene Copolymer (VAE) Powder Market size will experience considerable growth in Asia Pacific owing to its rising demand from construction industry in the forecast timeframe. Vinyl acetate ethylene powders are produced from copolymerization of vinyl acetate and ethylene, where the vinyl acetate is a major content falling in the range of 60 and 95% and the ethylene content in the range of 5 and 40 % of the total formulation. VAEs are often confused with ethylene vinyl acetate (EVA) copolymers, where the vinyl acetate is in minor quantity (10-40%). VAEs are white free-flowing powders and readily dispersible in water to form stable emulsion.
The construction industry will predominantly drive the global demand for vinyl acetate ethylene copolymer (VAE) powder market size in the coming years. The construction industry is likely to grow significantly in Asia Pacific, over the forecast timeframe. This is due to swift industrialization and in turn, successive urbanization in the region. The U.N estimated that over 50% of Asia Pacific’s 4.5 billion residents will live in cities by 2026. Coupled with these factors, the rising urban and migrant population will govern the residential building construction demand, which in turn will drive the overall VAEs demand in the coming years.
Higher demand for acrylic based VA copolymer powder forms a major deterrent for the growth of VAEs market. However, as higher VOC materials are being strictly regulated, a low VOC material such as VAEs have a broader scope to expand in the near future.
Vinyl acetate ethylene copolymer (VAE) powder market is divided on the basis of applications in various industrial processes. It mainly includes redespersible powders, carpet-backings, apparel and textile finishing processes, waterproofing coatings, glass-fiber sizing & binder technologies and others. VAE’s use as a redespersible powder is likely to grow at an unprecedented rate over the forecast period. Redespersible powders are polymer powders that can re-disperse in water back into new mixtures with identical properties to the original copolymer emulsions. Some of the most significant application of VAEs as redespersible powders in construction industry are as concrete repair mortars and self-leveling mortars; joint fillers, troweling & smoothing compounds; decorative plasters, self-leveling flooring compounds; construction adhesives, ceramic tile adhesives, and wallpaper adhesives. The wider product use in construction activities will be focal point for the growth of VAEs market over the forecast period.
The end-user segment of vinyl acetate ethylene copolymer (VAE) powder market includes building & construction, paints and coatings, textiles, and others. Building & construction segment is likely to witness a swift growth over the forecast timeframe. It is used by mixing with other powder-like materials, such as sand, cement, and other lightweight aggregates. In the form of redespersible powder, VAEs are prominently used in tiling adhesive gypsum slurries and in repairing mortar, joint grouts for various residential and commercial constructions. VAEs are categorized as low volatile organic compounds (VOCs) and improves the flexural strength, adhesion, workability and abrasion resistance in final mortar that results in sturdy structures. With growth of construction sector, the VAE demand is also expected to grow in the forecast period.
Asia Pacific will be the prime demand driving markets for the vinyl acetate ethylene copolymer (VAE) powder market. The main factors driving the construction sector development in Asia Pacific are demographic shifts, urbanization, the growing prosperity of the middle class and rising environmental concerns. For instance, Asian Infrastructure Investment Bank (AIIB) lending was valued USD 7.5 billion from 2016 till the end of 2018. It plans to further lend about USD 4 billion in 2019. It signifies the continuous construction activity in the region, simultaneously, propelling the VAE demand in the coming years.
Vinyl acetate ethylene copolymer (VAE) powder market is at a nascent stage with a very fragmented market space and a large number of small scale producers scattered over the globe. Few of the prominent companies functioning in VAE business are Dow, Celanese Corporation, Wacker Chemie AG, Air Products, AkzoNobel, Sidley Chemical Co., Ltd., and Shaanxi Xutai Technology Co., Ltd.
Vinyl Acetate Ethylene Copolymer (VAE) Powder Market, By Applications, 2014-2025 (Tons) (USD Million)
- Redespersible powders
- Apparel and textile finishing processes
- Waterproofing coatings
- Glass-fiber sizing & binder technologies
Vinyl Acetate Ethylene Copolymer (VAE) Powder Market, By End User, 2014-2025 (Tons) (USD Million)
- Building & construction
- Paints and coatings
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Calanese Corporation
- Wacker Chemie AG
- Air Products
- Sidley Chemical Co.,Ltd.
- Shaanxi Xutai Technology Co.,Ltd
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