Global VAE Emulsion Market-An Overview
The global VAE Emulsion market is expected to develop usd 3.8 billion by 2028, at a compound annual increase in price (CAGR) of 3% throughout the forecast period.
In addition, VAE (Vinyl acetate ethylene) emulsions are generally based upon the copolymerization of vinyl acetate as well as ethylene, where content of vinyl acetate ranges somewhere between 60-95 % and content of ethylene can range between 5-40 % of the entire formulation. Moreover, VAE emulsions consists water as their main ingredient.
The global market of VAE emulsion has been segmented by different end-users/applications, product types and geography. Further, end-users segment of the market has been bifurcated into paints & coatings, adhesives, redispersible powder, textile chemicals and others. Likewise, product type segment of the global VAE emulsion market has been sub-divided into ordinary VAE emulsions as well as waterproof VAE emulsions.
Furthermore, geographical segmentation of the global VAE emulsion market categorizes the market into several key regions covering Europe, North America, South America, Asia-Pacific and Middle East & Africa. Asia-Pacific region led the global VAE emulsion market in 2017 with highest VAE emulsion market share and is expected to maintain its dominance over the forecast period. Asia-Pacific is followed by Europe, which is the second-largest regional market of VAE emulsion. Moreover, market of developing economies are expected to grow at a higher CAGR in terms of value as compared to developed economies.
Celanese, DCC as well as Wacker are among top three participants of global VAE emulsion market. Moreover, these companies have their bases all across the globe. However, Wacker is the global leader of VAE emulsion industry. Additionally, in Asia Pacific market Celanese, DCC and Wacker lead the market whereas Wacker and Celanese lead the markets of Europe and United states. Furthermore, SANWEI, Sinopec and Wanwei have a strong competitive edge in China.
Some other key players operating in the VAE emulsion market across the globe include Sichuan Vinylon Works, Vinavil, Showa Denko, Dow, Dairen Chemical, Anhui Wanwei Group, Beijing Eastern Petrochemical, Sumika Chemtex, Sumitomo Chemical and Shaanxi Xutai.
Key segments of the global VAE Emulsion market
Application 2018-2028 (USD Million)
• Paints and Coatings
• Redispersible Powder
• Textile Chemicals
Regional Overview, 2018-2028 (USD Million)
• North America
o Rest of Europe
o Southeast Asia
o Rest of Asia-Pacific
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
• Central & South America
o Rest of South America