Asia Pacific to witness high consumption of vinyl acetate homopolymers

7:04 AM, 15th January 2021
Vinyl acetate homopolymers are favorably used in adhesives & sealants across various applications like paper bonding, white glues, household caulks, and wooden glues among various others. The product in its powdered form is used in the building and construction sector.

Driven by the developments in the building and construction industry, the global vinyl acetate homopolymer market size has witnessed considerable expansion over the last couple of years. Also known as PVAc or PVA homopolymers, this product offers a superior base for fast setting as well as heat resistant adhesives along with water resistance.

PVAc is favorably used in adhesives and sealants across various applications like paper bonding, white glues, household caulks, and wooden glues among various others. The product in its powdered form is used in the building and construction sector as they offer secured adhesion solutions.

Over time, with industrialization, there has been a growing need to construct commercial and residential spaces to meet the growing infrastructural needs of the people. Reportedly, the US constructs approximately $1.3 trillion worth of structures annually. During construction, adhesives are used to bond large ceramic tiles, representing a key application area for vinyl acetate homopolymers.

The increasing disposable income among people has magnified the need for advanced residential structures in both developed as well as developing nations. Owing to the low VOC emission level, vinyl acetate homopolymers are extensively used in architectural coatings as they are sustainable and help in reducing the emission levels produced. Reportedly, building and construction account for 39 percent of all carbon emissions globally.

With respect to the application spectrum, the product market is bifurcated into coatings, adhesives, wood glues among others. The compound finds use in porous materials like paper, cloth, wood and as consolidate in building stones, especially sandstone. Also referred to as white glue, these are extensively used as they do not emit strong fumes, are cost-effective, and can be wiped with the help of water. Along with these applications, the chemical is also used in veterinary medicines and as a binder in producing trowel paints as they are safe and do not include any flammable solvent.

Construction activities across the Asia Pacific

Asia Pacific vinyl acetate homopolymer market has registered enormous gains due to the boost in regional construction activities. This can be attributed to the need for industrial, commercial, and residential spaces in countries like India, China, South Korea, Malaysia, Japan, and Singapore, due to factors like increase in foreign investments leading to the establishment of production units and offices as well as tourism.

Additionally, the governments are heavily investing in enhancing the construction output to meet the increasing infrastructure demands from the people. For instance, Singapore is known to see extensive government spending on public infrastructure of nearly $1.49 billion in contracts each month. The aforementioned factors are likely to grow PVAc market share in the near future.

The coronavirus pandemic has caused a delay in the completion of construction projects due to restrictions, impacting the movement of people as well as the supply chain of raw materials. Many construction sites have witnessed a temporary standstill which has adversely affected the need for PVAc-based products. However, with gradual relaxation in most of the parts of the world, the construction industry is sure to regain strength in the coming years.

Although vinyl acetate homopolymers have witnessed considerable demand over the years from various industries, certain reasons may affect the business growth. The PVAc glue does not comprise of strong water-resistant properties and are not suitable for use in outdoor applications. Moreover, the high curing time of the product as compared to the other glue and adhesive options will also emerge as a slight market obstacle.

Steps taken by the market players to increase their presence

Vinyl acetate homopolymer companies are aiming at enhancing their offerings by joining hands with other market players or through mergers and acquisitions. In April 2018, American firm- Mallard Creek Polymers, Inc. announced the acquisition of intellectual property from Ecronova polymers GmbH. Through the transaction, MCP has added more than 90 recipes like styrene acrylic polymer emulsion and vinyl acetate homopolymers that it aims at extending to the North American market.

Other prominent names in the industry include Ashland Global Holdings Inc, Dow Chemical Company, Puyang Yintai Industrial Trading Company Ltd and Hexion, to name a few.

All in all, it is evident that the demand for PVA largely depends on the subsequent advancements in the construction sector. With measures being undertaken by the public and private authorities to improve the infrastructural landscape, the vinyl acetate homopolymer market players will subsequently adopt measures to advance the product quality.   

Vinyl Acetate Homopolymer market size, industry analysis report, regional outlook, application development potential, price trends, competitive market share & forecast, 2020 – 2026: https://www.gminsights.com/request-sample/detail/4331

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Contact Info:

Arun Hegde
Corporate Sales, USA
Global Market Insights Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com

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