Vinyl Acetate Ethylene Copolymer Powder Market size is anticipated to witness significant expansion during 2023-2032 due to the increased product demand from the construction sector across Asia Pacific.
Swift urbanization and industrialization in the region have driven the demand for VAE powder in building and construction applications. According to the U.N., over 50% of the residents in APAC will live in cities by 2026. Vinyl acetate ethylene copolymer (VAE) powder is used with inorganic binders like cement, hydrated lime, and gypsum as it improves abrasion resistance, adhesion, and flexural strength. It also provides exceptional flexibility, increased tack, and adhesion in cold and wet environments, as well as unique moisture resistance.
The material also sticks well to surfaces without pores, such as vinyl, and aluminum and finds application in packaging and laminating solutions. The rise in the number of the urban and rural population would trigger the need for residential buildings which will in turn drive the demand for VAE powder in the coming years.
The vinyl acetate ethylene copolymer powder market is segmented on the basis of applications in different industrial processes. It mostly consists of carpet backings, apparel and textile finishing processes, redispersible powders, glass-fiber sizing & binder technologies, waterproofing coatings and others. It is estimated that the use of VAE as a redespersible powder is likely to increase in the years to come. The construction sector relies on redespersible powders for a number of important applications, including self-leveling and concrete repair mortars, joint fillers, troweling and smoothing compounds, decorative plasters, self-leveling flooring compounds, construction adhesives, ceramic tile adhesives, and wallpaper adhesives.
Building & construction, paints and coatings, textiles, and other industries are some of the end-user segments in the vinyl acetate-ethylene copolymer (VAE) powder market. Of these, the building and construction end-user segment is anticipated to record expansive growth due to widespread use of the product in combination with other powdery materials, such as sand, cement, and other light aggregates.
VAEs are frequently utilized in the form of redespersible powder for repairing mortar and joint grouts for a variety of residential and commercial buildings as well as in tiling adhesive gypsum slurries. It improves the finished mortar's flexural strength, adhesion, workability, and abrasion resistance to produce robust constructions.
Asia Pacific vinyl acetate ethylene copolymer powder market will be primarily driven by rapid urbanization, improving standard of living, and the rise in environmental concerns. High demand for paints and coating solutions containing a low volatile organic compound (VOC) should advocate product penetration across the region. VAE powder is preferred due to its low odor, low VOC, excellent shielding power, and high scrub resistance. The expanding construction sector and adoption of high-quality raw materials should favor product uptake in the upcoming years.
The Russia and Ukraine war has resulted in a huge economic crisis worldwide. The two nations are one of the largest exporters of raw materials and resources. Prior to the conflict, Ukraine had a vibrant synthetic chemical industry that created thousands of unique compounds. High cost of electricity and feedstock for chemical plants due to the conflict could have an impact on the VAE powder market to some extent.
The vinyl acetate ethylene copolymer powder market is still in its development, with the presence of several small-scale producers dispersed throughout the world. Dow, Celanese Corporation, Wacker Chemie AG, Air Products, AkzoNobel, Sidley Chemical Co., Ltd., and Shaanxi Xutai Technology Co., Ltd. are a few of the well-known companies operating in the VAE powder industry.