 Emulsions Market Growth.webp)
Vinyl Acetate-Ethylene (VAE) Emulsions Market size was over USD 2.1 Billion in 2023 and is set to cross USD 4.06 Billion by 2036, growing at more than 5.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of vinyl acetate-ethylene emulsions is estimated at USD 2.2 Billion. The major factor attributed to the growing demand for vinyl acetate-ethylene (VAE) in adhesives, paints and coatings, and textile chemicals. Thus, with the rapid expansion of the paints and coatings industry, it is projected to bring lucrative opportunities for the industry growth. It has been estimated that the global paint and coatings industry valued at almost USD 160 billion in 2021, and is further projected to reach almost USD 240 by 2029.
Vinyl acetate-ethylene (VAE) emulsions are made up of two main ingredients i.e. vinyl acetate and ethylene. VAE emulsions are created when the two ingredients are combined with water and an emulsifier. Owing to its chemical composition, vinyl acetate-ethylene (VAE) is used in a wide range of applications in the production of adhesives, plastics, and textile coatings. Also, vinyl acetate-ethylene (VAE) is used in a wide range of industries such as the construction, automotive, and furniture industries. Further, vinyl acetate-ethylene (VAE) is also used as an adhesive for a range of applications, including paper and packaging (food packaging, envelope production, film lamination onto paper), wood (film lamination onto wood, 3D membrane pressing, EPI systems), and flooring (textile flooring, flexible coverings), among others.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
5.2% |
|
Base Year Market Size (2023) |
USD 2.1 Billion |
|
Forecast Year Market Size (2036) |
USD 4.06 Billion |
|
Regional Scope |
|
Type (Regular Type, Waterproof VAE)
The global vinyl acetate-ethylene (VAE) emulsions market is segmented and analyzed for demand and supply by type into regular type emulsion, and waterproof VAE emulsion. Out of the two types of vinyl acetate-ethylene (VAE) emulsions, the waterproof VAE emulsion segment is estimated to gain the largest market share of about 52% in the year 2036. The primary reason for segment growth is the high preference for waterproof VAE emulsions when compared to regular-type VAE emulsions. It is a well-known fact that waterproof VAE emulsions are vinyl acetate-ethylene copolymer-based dispersions that have been cross-linked with polyfunctional, water-insoluble monomers. Therefore, waterproof VAE emulsions carry a lot of advantages in terms of superior performance, enhanced waterproofing, high durability, and great flexibility. As a result, waterproof VAE emulsions are being used in a wide range of construction applications such as roofing, flooring, tile adhesives, sealants, and coatings. Thus, with the increasing number of housing plans across the world, it is expected to create a positive outlook for segment growth during the forecast period. For instance, the count for smart buildings is anticipated to rise from around 44 million in 2022 to nearly 118 million in 2026, an increase of more than 152%.
Application (Paints & Coatings, Sealants, Re-dispersible Powders, Textiles, Nonwoven)
The global market of vinyl acetate-ethylene (VAE) emulsions is also segmented and analyzed for demand and supply by application into paints & coatings, sealants, re-dispersible powders, textiles and nonwoven, and others. Amongst these segments, the paints & coatings segment is expected to garner a significant share of around 41% in the year 2036. Major factors that are attributed to segment growth are the rising demand for paint and coatings for a wide range of applications across various industries. As per recent reports, it has been estimated that a total amount of 860 million gallons of architectural paint was utilized in the United States in 2020. Also, the rapidly growing paints and coating industry along with its rising applications of them is anticipated to fuel segment growth in the upcoming years. Lately, it has been calculated that the global paint and coatings industry was valued at almost USD 160 billion and is estimated to surpass USD 240 billion by 2029, with a growth rate of 8%.
Our in-depth analysis of the global market includes the following segments:
|
By Type |
|
|
By Application |
|
North American Market Forecast
The market share of vinyl acetate-ethylene (VAE) emulsions in North America, amongst the market in all the other regions, is projected to be the largest with a share of about 35% by the end of 2036, owing to the increasing consumption of paint and coating amongst the growing automotive and construction industry. For instance, the U.S. construction sector generated a revenue of around USD 1.3 trillion in 2020. Furthermore, the presence of major key players in the region along with the availability of strong manufacturing facilities for producing vinyl acetate-ethylene (VAE) emulsions in the region are considered to be other factors for market growth.
APAC Market Statistics
The Market of vinyl acetate-ethylene (VAE) emulsions in Asia Pacific is estimated to be the second largest, registering a share of about 24% by the end of 2036. The market in the Asia Pacific region is estimated to witness modest growth over the forecast period on the back of the blooming chemical manufacturing industry in the region. For instance, the chemical industry in Asia accounted for more than 55% share of the revenue generated by the global chemical industry. Furthermore, the growing construction industry in China, India, and other developing countries in the APAC region is also expected to fuel market growth.
Europe Market Forecast
Further, the market in the European region, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2036. The rapid expansion of the various end-use industries in the region along with the increasingly favorable initiatives from the government are considered to be the major factors for market growth in the region. Furthermore, owing to the increasing need for special formulations for enhancing the appearance of buildings in the European region, the sales of the vinyl acetate-ethylene (VAE) emulsions is projected in the future.
 Emulsions Market Demand.webp)
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?