Vinyl Acetate Homopolymer Emulsion Market – Market Overview
Vinyl Acetate Homopolymer commonly known as PVA Homopolymer are a class of synthetic polymer that belong to the vinyl ester family. These polymer possesses excellent properties such as superior heat resistance, water resistance as compared to other polymers. These homopolymers are extensively used in designing wood for both interior and exterior applications. The properties such as high durability and adhesion makes them ideal for the use in many end use industries such as wood, textile, paperboard & packaging, building & construction, paints & coatings, and others. Vinyl Acetate Homopolymer Emulsion Market is segmented on the basis of their application, end use and region. On the basis of application, the market is segmented into Coatings, Wood Glues, Adhesives and Others. On the basis of end use, the global market is segmented into wood, textile, paperboard & packaging, building & construction, paints & coatings, and others. On the basis of region, the market is segregated into Asia Pacific, North America, Europe, Latin America, Middle East and Africa. According to the analysis of MRFR, the major market forces and trends driving growth of the Global Vinyl Acetate Homopolymer Emulsion Market includes growing demand for low VOC coatings. Moreover, the increasing population in the developing countries across the globe has augmented the paint & coating and building & construiction industry which in turn is anticipated to fuelling the growth of the Global Vinyl Acetate Homopolymer Emulsion Market during the forecast period.
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Vinyl Acetate Homopolymer Emulsion Market- Competitive Landscape
The Global Vinyl Acetate Homopolymer Emulsion Market is a lucrative market driven by flourishing adoption of Vinyl Acetate Homopolymer Emulsion in paints and coatings, paperboard and packaging, and building & construction among others. Celanese Corporation (U.S), Pexi Chem Private Limited. (India), Tailored Chemical (U.S), The Dow Chemical Company (U.S) among others are some of the major players operating in this market. Most of these market participants are adopting various organic and inorganic growth strategies such as expansion, product launch, and merger and acquisition tactics to strengthen their production capacities and market domination. Taking account of these trends the Global Vinyl Acetate Homopolymer Emulsion Market is projected to witness considerable competition over the forecast period of 2017-2023.
Asia pacific is expected to be largest and the fastest growing region followed by Europe and North America during the forecast years. The growing industrialization in the developing countries is the major reason contributing to the growth of the market in these region. Moreover, the developing paper and packaging industry in the region is expected further fuel the market growth. Furthermore, the growing investment in the construction of public and private infrastructure in the region has augmented the paints and coatings industry in turn propelling the growth of Vinyl Acetate Homopolymer Emulsion Market in the region. North America is projected to show stable growth during the forecast period. The developed end use industries in the region is the major factor attributing to this growth. Moreover, the newly elected government has augmented the construction spending in the region mainly in Canada and US which is anticipated boost the market of Vinyl Acetate Homopolymer Emulsion in the region. Middle Eastern market of Vinyl Acetate Homopolymer Emulsion is expected to show substantial during the forecast years. The rising demand for low VOC paints in the region is expected to boost the market growth. In addition to this, the growing construction of stadia, hotels and other public and private infrastructure owing to the FIFA world cup 2022 in Qatar is projected to further fuel the growth of the pva Homopolymer market. Latin America is anticipated to project steady growth. The major countries such as Brazil, Argentina and Chile is estimated to augment the market demand owing to the developing paints and coatings and textile industry.
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