Vinyl Acetate Homopolymer Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4331
Vinyl Acetate Homopolymer Market size is anticipated to achieve significant growth rate in the projected time frame due to rising demand from building and construction industry.
Vinyl acetate homopolymer is widely known as PVA or PVA homopolymers. It is a synthetic polymer and belongs to the family of vinyl esters. The product provides an excellent base for fast setting and heat resistant adhesives coupled with enhanced capacity for water resistance. The product is also used in adhesives & sealants in many applications including white glues, paper bonding, wood glues, household caulks and in many other applications. The powdered form is generally used in building and construction industry. PVA adhesives are quite strong and also offers excellent adhesion to the applied surface.
Rising demand for low VOC coatings is anticipated to be the major growth driver for the vinyl acetate homopolymer market in the coming years. Furthermore, increasing expenditure on propelling construction industry coupled with growing demand from paint & coating sector in emerging nations such as China, Japan, India, Indonesia and many others is positively impacting the market growth. Additionally, construction investment in the U.S. grew by around 2% in the year 2017. Government in the U.S. has recently proposed an infrastructure plan in order to improve infrastructure framework and manage funds and regulations to develop construction industry of the country. The nation has a target of over USD 1.5 trillion of infrastructure investment.
Despite of having a strong market demand, the product has some disadvantages which can limit its vinyl acetate homopolymer market growth in the near future. PVA glues generally do not possess water resistant properties and therefore they are not suitable to be used in outdoor applications. Furthermore, curing time of the product can also extend up to 24 hours which is high as compared to other glues and adhesives. Although, due to low VOC emission, the product is gaining importance over other similar products in the market.
Global vinyl acetate homopolymer market is segmented based on applications into wood glues, coatings, adhesives and others. PVA is used as an adhesives in porous materials in paper, wood, cloth and as consolidate in building stone, particularly sandstone. The product is also called as white glue. Apart from these applications, the product is used in veterinary medicines, in polymeric and resinous coatings, etc. PVA is also used as a binder in manufacturing trowel paints. The product is safe to use as it does not contain any flammable solvent.
Based on end user segments, the market is segmented as building and construction, packaging, paints and coatings and others. In building & construction industry, the product is used as an adhesive in construction activities. Homopolymers of VAE have been also gaining importance in the construction industry as they are suitable to be used in the form of architectural coatings with low level of VOC emissions. Also, product demand is increasing from construction mortars in order to bond large ceramic tiles. It is generally used in powdered form to ease the transportation and mixing operations at the construction sites.
Asia Pacific vinyl acetate homopolymer market is expected to be the strongest growing region as a result of booming building and construction activities in the region especially in emerging nations including China, India and Japan. However, the U.S. is expected to maintain a consistent product demand throughout the forecast time period. Packaging and building & construction are anticipated to be the key industries which will contribute significantly to the overall business size by 2025. Europe may emerge as high growth market as a result of having strict regulations against VOC emissions.
Global vinyl acetate homopolymer market has a high industry rivalry due to presence of many well-established brands in the market which results in high price competition and low switching cost for consumers. Several key players involved in this industry are Ashland Global Holdings Inc., The Dow Chemical Company, Hexion Inc, Puyang Yintai Industrial Trading Company Ltd etc.
By Application, 2014-2025 (USD Million)
- Wood glues
By End User, 2014-2025 (USD Million)
- Building & Construction
- Paints & Coatings
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Puyang Yintai Industrial Trading Company Ltd
- Acquos Pty Ltd.
- Synthomer plc
- Ashland Global Holdings Inc.
- Hexion Inc.
- The Dow Chemical Company
- synthomer plc
- VINAVIL SpA
- Wacker Chemie
- Tailored Chemical
- Lintech International
- Merck KGaA
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Benefits of Association
Data Coverage & Quality
GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.
Client Trust & Security
GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.
Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.