Vinyl Versatate Market Size, Share, Growth, and Industry Growth by Purpose (Used for Paint & Coating and Use for Adhesive), By Downstream Industry (Paint & Coating, Adhesive, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

Vinyl Versatate Market REPORT OVERVIEW

• 
• Request a Free sample to learn more about this report

The global vinyl versatate market size was USD 395.1 million in 2021 and is projected to touch USD 1013.99 million by 2031, exhibiting a CAGR of 9.8% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with vinyl versatate experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Vinyl versatate is a copolymer emulsion that is used for exterior and interior architectural coatings and is colorless in appearance. It is a aqueous based on vinyl acetate and vinyl ester which is stabilized with cellulose derivatives and surfactants. This dispersion has a good resistance to water, yellowing, and saponification. It has medium to low glass transition and is a mixture of isomeric vinyl esters of neodecanoic acid. It is used with a purpose to improve paint properties such as alkali and scrub resistance. They also have good resistance against ultraviolet rays that causes degradation.     

The growing demand for vinyl versatate is due to increasing application in the paint and coatings industry. Increasing applications as decorative paints, renders, and plasters in various countries is anticipated to drive the demand during the forecast period. Growing demand for the product is due to its ability to provide resistance against ultraviolet light. They have an increasing demand owing to their abilities such as hydrolytic stability, water and UV resistance, and adhesion.  

COVID-19 Impact: Halt on the Paints & Coating Industry to Hamper Market Growth

The effects of the COVID-19 pandemic are already being felt on a global level, the global vinyl versatate market was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. With many restrictions in the pandemic, different types of markets were negatively impacted. The demand for vinyl versatate during the pandemic affected due to halt in paints and coating industry. Demand for the product is derived from its various applications in paints and coating and adhesives, therefore, a halt on the construction industry affected the demand for the product as well. Disruptions in supply chains affected the distribution of raw materials such as paints, adhesives, primers, and other types of coatings which affected the demand for the product.

LATEST TRENDS

"Expansion of Construction Industry to Improve Market Progress"

The global vinyl versatate market growth is anticipated to boost owing to development of expansion of construction industry. One of the main demands for vinyl versatate derived from paints and coatings industry, and expansion of the construction industry is expected to drive the demand for the product. Expansion of the construction industry has led to increase in interior and exterior paints, which is anticipated to pose an opportunity for the market players. Architectural paints are used for industry growth and is expected to create demand for simultaneous products. Increasing trend for high trend coatings that protects the surfaces from corrosion is expected to increase the market share. Such increasing applications of the product in the construction industry is anticipated to drive the market growth.     

Vinyl Versatate Market SEGMENTATION

• 
• Request a Free sample to learn more about this report

• By Type

Based on type; the "market" is divided into used for paint & coating and used for adhesive.

Paint & coating is the leading part of the type segment.

• By Application

Based on application; the market is divided into adhesive, paint & coating, and others.  

Paint & coating are the leading part of the application segment.

DRIVING FACTORS

"Applications in the Paint & Coating Industry to Support Market Growth"

The global vinyl versatate market growth is anticipated to boost owing to its growing uses in paints and coatings industry. VeoVa vinyl esters have different and highly branched aliphatic structures which helps in enhancement of key polymer properties. They are used in acrylic polymers and vinyl acetate which are mainly used to improve adhesion, hydrolytic stability, UV resistance, and water resistance. It can be used with high and low quality interior and exterior paints, industrial coatings, and also as redispersible powders for dry-mix mortars. It exhibits a better coating performance. Such applications of the product in paints and coatings industry are anticipated to drive the market growth.     

"Benefits of the Product to Drive Market Development"

Increasing demand for vinyl versatate is growing due to benefits of the product. Benefits such as high mechanical stability, high affinity for cellulosic substrates, good plasticizer reaction, and can be easily blended with aminoplast resins. The demand for the product is also expected to rise due to its low costs. They are also resistant to alkali degradation due to absence of hydrogen. Such growing demand due to its various benefits and advantages is anticipated to fuel the demand in the vinyl versatate market.   

RESTRAINING FACTORS

"Harmful Effects of the Product to Hamper Market Growth"

There are a number of factors that can push the growth of the vinyl versatate market. Restraining factors such as harmful effects to health. The substance can cause irritation to eyes, respiratory tract, and the skin. It can also cause negative effects on lungs that can lead to tissue lesions. This factor is anticipated to restrict and limit the market growth.   

Vinyl Versatate Market REGIONAL INSIGHTS

• 
• Request a Free sample to learn more about this report

"Asia Pacific to Dominate Market Owing to Growing Paints & Coatings Industry  "

Asia Pacific holds the largest part of the global vinyl versatate market share due to the growing paints and coatings industry. Increasing building and construction activities in the countries of the region is expected to drive the market growth. Increasing demand for paints and coatings in residential and non-residential buildings, furniture, decorative walls, and windows is expected to facilitate growth during the forecast period. China is one of the leading countries in the region which is fueling the growth for the market. The growth is also attributed to the increasing automotive industry in the region.

Europe is anticipated to have considerable and witness a sustainable growth in the global market. The growth is attributed to the growing automotive industry and also owing to high disposable income by the consumers.     

KEY INDUSTRY PLAYERS

"Market Players to Boost Market Growth"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Hexion (U.S.)
• TJSHIELD (China)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.