VAE Emulsion Market

The global vinyl-acetate-ethylene (VAE) emulsion market is projected to register a high CAGR of 5.44% during the forecast period (2018–2023). The global market, in terms of value, is expected to reach USD 4,910.1 million by the end of 2023. The prominent factors driving the growth of the global market are the surging demand for VAE emulsion in the paints and coatings industry and widespread use of the product as adhesives and sealants in the packaging, textiles, and automotive industries. The paints and coatings segment held major share of the global market in 2017 owing to large-scale consumption of VAE emulsion as a binder for the formulation of environment friendly and water-based paints. Moreover, the product is applicable as an adhesive in architectural coatings owing to its excellent scrub resistance, good hiding characteristics, and gloss and blocking nature. Furthermore, the product provides various advantages in the construction applications such as water resistance, lower water uptake, high durability, and adhesion to different substrates.

However, the fluctuations in the raw material prices are likely to hinder the growth of the global market during the forecast period. Nevertheless, the growing popularity of green buildings is likely to create immense opportunities to the manufacturers of VAE emulsion during the review period. The rising concern regarding the occupant health and well-being, rising sustainable business practices, and stringent environmental regulations are expected to be the key factors responsible for the growing demand for the product in the manufacturing of various construction materials.

Geographically, in 2017, the global market was dominated by the Asia-Pacific market with a share of 43.32%; it is projected to register a high CAGR of 6.20% to reach USD 2,221.1 million by the end of 2023. Robust growth of the construction sector and paints and coatings industry in the emerging economies, such as India, South Korea, and China, is expected to be the key factor driving the global market growth. In addition, the increasing use of the product in the textiles and non-woven applications, coupled with the growing textile industry in Asia-Pacific, is expected to drive growth of the global market in the coming years.