The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.
The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.
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The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.
Polyvinyl acetate is a rubber synthetic polymer, or plastic. It belongs to polyvinyl ester family and is categorized as a thermoplastic, meaning it melts at high temperatures and is elastic and flexible at room temperature. Polyvinyl acetate is a vinyl polymer and is prepared by polymerization of vinyl acetate monomer.
Polyvinyl acetate adhesive is glue containing this compound and is used in the form of emulsions. Polyvinyl acetate emulsions exhibit superior compatibility with modifying resins and can be used for broad range of applications through formulation. In addition to compatibility, molecular weight (grade), the amount and type of protective colloid used to produce the emulsion affect adhesive properties. Variations in type and quantity of protective colloid used in producing the polyvinyl acetate emulsion have a major impact on the performance of the adhesive film. Polyvinyl acetate adhesive can vary in moisture sensitivity by changing the content and type of the protective colloid. Polyvinyl acetate based adhesives have superior strength and offer good adhesion to a variety of surfaces.
They are non toxic, do not pose health risks and are environmentally friendly. Polyvinyl acetate adhesive is a component of a widely used glue types, commonly referred to as white glue, wood glue, school glue, carpenters glue, Elmer’s glue or PVA glue. Polyvinyl acetate glues are easy to use, since they can be cleaned up with water, do not give off any hazardous fumes and are safe to handle without gloves or other skin protection equipment, but they do not hold up well in moist conditions.
Many common types of glue, including standard school glue, contain polyvinyl acetate. Polyvinyl acetate adhesive glues are very easy to use and economical. Yellow carpenter’s glue, used for woodworking and other construction projects, is also polyvinyl acetate adhesive. Polyvinyl acetate adhesive works best on porous materials, such as wood, paper, and cardboard, and is also recommended when gluing vinyl and leather. Many polyvinyl acetate glues are white, and they are used for a wide variety of purposes, such as making collages, paper crafts, and paper packaging. These adhesives are acid-free, which makes them especially suited to projects like bookbinding, where an acidic adhesive would degrade the paper quality.
The continuous use of polyvinyl acetate as an ingredient for common glue and other commercial glues will be a driving factor for polyvinyl acetate adhesive industry.
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The growing consumption of polyvinyl acetate adhesives in emerging economies and of lack of environmental friendly alternatives are other instrumental factors for the growth of this industry. However, polyvinyl acetate adhesives are not effective on any surface that is non-porous. In addition, they are mostly effectively near room temperature and cannot be used for outdoor winter tasks which could hamper the growth of this market.
Asia Pacific leads the world in consumption of polyvinyl acetate adhesives followed by Europe and North America. China is the dominant market in Asia Pacific followed by Taiwan, Mexico, Japan, India, Indonesia, Thailand and Republic of Korea. Over the next few years Asia Pacific will increase its grips over the polyvinyl acetate adhesives market and would remain the world leader.
Some of the key players in this market are
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Key geographies evaluated in this report are: