Vinyl Acetate-Ethylene Emulsions Market Regional Analysis:
North American Market Insights
North America industry is likely to hold largest revenue share of 35% by 2035, 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 Insights
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 2035. 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 Insights
Europe region is anticipated to register substantial growth through 2035. 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.
