Description
H1 2023: VAE Redispersible Powder (VAE RD) prices exhibited mixed sentiments in Asia Pacific region in H1 2023. In January, there was a notable uptick in VAE RD prices in India, followed by an increase in February and March. These price adjustments were spurred by heightened demand from downstream construction industries, notably during the seasonal surge in demand. Throughout this period, the market exhibited a bullish trend, characterized by a balanced supply and a demand ranging from moderate to high. The stability in the country's economic activities and good production operations played a key role in maintaining a steady supply. The combination of sustained high demand and improved performance in downstream industries has significantly influenced the trajectory of price fluctuations. Although, from April 2023, the market scenario for VAE Redispersible Powder displayed a bearish trend in Asia. This downturn was primarily linked to a decrease in freight charges, resulting in ample inventory availability, along with reductions in the prices of ethylene and vinyl acetate monomer (VAM). Also, the low pricing was attributed to minimal purchasing activities in the Asian market, subdued export orders from overseas, and an increase in inflation. The inflationary situation also created a pessimistic outlook among consumers and downstream industries like mortar and cement.
The global VAE Redispersible Powder (VAE-RDPs) market stood at approximately 420 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 3.18% during the forecast period until 2032. Vinyl acetate-co-ethylene copolymers (VAE) in a powdered state, present as white, free-flowing, dry powders that readily redisperse into water to reform stable emulsions.
These VAE-RDPs, when dry-mixed with other powders like cement, sand, or light aggregate either on-site or at manufacturing facilities, contribute to consistency and dependable performance. Widely employed as modifiers for cement and plaster or as binder resins in inorganic materials such as gypsum and hydrated lime, VAE-RDPs also serve as exclusive binder resins in construction adhesives. Incorporating VAE-RDPs into dry-mix formulations offers various advantages, including enhanced workability, water retention, plasticity, dispersion, and freeze stability. The inherent softness and flexibility of VAE resins, attributed to their relatively high ethylene content, make them effective modifiers, improving properties such as flex strength, crack resistance, adhesion, abrasion and impact resistance, and water repellency. VAE-RDPs find application in diverse construction materials, including tile adhesives, grouts, finishing plasters, troweling compounds, thin-set mortars, and sealing slurries.
The VAE Redispersible Powder market, pivotal in the construction and cement industries, experiences dynamic influences driven by several key factors. With the construction sector at the forefront, market growth aligns closely with the industry's expansion, influenced by economic development, urbanization trends, and infrastructural projects globally. VAE Redispersible Powder, a significant additive in mortar formulations, is integral to enhancing the performance of cement-based materials. Its versatility extends beyond traditional applications, finding use in adhesives and sealants. The demand for VAE Redispersible Powder is notably linked to the push for sustainable and eco-friendly building practices, as it aligns with low VOC content and water-based characteristics. Research and development efforts to optimize formulations and explore novel applications contribute to the market's vibrancy. Moreover, regional infrastructure initiatives and adherence to stringent building codes play a crucial role, influencing the adoption of construction materials containing VAE Redispersible Powder. In the realm of cement, the additive acts as a key component in mortar, imparting improved flexibility, adhesion, and durability to the final product. As the construction industry becomes increasingly regulated and environmentally conscious, the demand for VAE Redispersible Powder in cement applications is expected to rise. As a part in mortar formulations in the construction sectors, VAE Redispersible Powder navigates the intricate landscape of materials science, contributing to the resilience and sustainability of building practices. The global VAE Redispersible Powder market size is anticipated to reach nearly 580 thousand tonnes by 2032.
Asia Pacific region takes the lead as the primary consumer in the VAE Redispersible Powder market, driven by a strategic convergence of factors that enhance its market dominance. The Asia Pacific region is poised for the biggest presence in the global VAE Redispersible Powder market during the forecast period, driven by robust growth in the construction and infrastructure sectors. With rapid urbanization, surging populations, and robust economic development, nations like China, India, and Southeast Asian countries are witnessing a surge in construction activities. VAE Redispersible Powder, a crucial additive enhancing the properties of cement-based materials, aligns seamlessly with the escalating demand for high-performance mortars. Furthermore, the region's commitment to sustainable building practices and adherence to stringent environmental regulations position VAE Redispersible Powder favorably, given its eco-friendly attributes. The competitive market landscape, coupled with the active participation of local manufacturers, substantiates the region's dominance in satisfying the escalating demand for advanced construction additives.
Based on the end-user industry, the global VAE Redispersible Powder market is segmented into Mortars and Cements, Tile Adhesives and Grouts, Plasters, and Others. However, Mortars and Cements industry dominates the global VAE Redispersible Powder market and in 2022, this industry held about 49% of the market share.
Major players in the Global VAE Redispersible Powder market are Wacker, Celanese, Dairen Chemical Corporation (DCC), VINAVIL S.p.A., Shandong Xindadi, Wanwei, Dow, Shandong Huishuntong, , Gemez Chemical, Shaanxi Xutai, Zhaojia, Guangzhou Yuanye, Henan Tiansheng Chem, Puyang Yintai New Building Materials, Shandong Meikai Chemical, Huzhou Jingbao New Building Materials, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of VAE Redispersible Powder which covers production, demand and supply of VAE Redispersible Powder market in the globe.
• To analyse and forecast the market size of VAE Redispersible Powder
• To classify and forecast Global VAE Redispersible Powder market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of VAE Redispersible Powder market in the globe.
To extract data for Global VAE Redispersible Powder market, primary research surveys were conducted with VAE Redispersible Powder manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global VAE Redispersible Powder market over the coming years.
ChemAnalyst calculated VAE Redispersible Powder demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce VAE Redispersible Powder. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• VAE Redispersible Powder manufacturers and other stakeholders
• Organizations, forums and alliances related to VAE Redispersible Powder distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The Benefits of Using High Tunnel Features
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as VAE Redispersible Powder manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global VAE Redispersible Powder market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
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Market size Volume in 2022
420 thousand tonnes
Market size Volume in 2032
580 thousand tonnes
Growth Rate
CAGR of 3.18% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Mortars and Cements, Tile Adhesives and Grouts, Plasters, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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