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Written by Beckett » Updated on: September 07th, 2024
VAE Redispersible Powder Prices in USA
United States: 2015 USD/MT
In December of Q4 2023, the price of VAE redispersible powder in the United States reached 2015 USD/MT. The market for VAE redispersible powder in the United States experienced a decline in prices compared to the previous year.
The VAE redispersible powder price trend market is experiencing significant growth driven by several key factors. The booming construction industry, particularly in emerging economies, is fueling demand for high-performance building materials such as VAE redispersible powders, which enhance the properties of construction products like mortars, tile adhesives, and grouts. Additionally, the increasing emphasis on sustainable and eco-friendly construction practices is driving the adoption of these powders due to their low VOC emissions and environmentally friendly nature. Moreover, ongoing advancements in construction technology and increasing infrastructure investments worldwide further propel market growth by creating a demand for innovative and efficient building materials. Furthermore, the versatility of these powders, coupled with their excellent adhesion, flexibility, and durability properties, continues to attract manufacturers and end-users across various industries, driving further expansion of the market.
The global VAE redispersible powder market size reached 433.4 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 574.4 Thousand Tonnes, at a projected CAGR of 3.20% during 2023-2032. In North America, the market faced notable challenges in the fourth quarter of 2023, primarily due to oversupply and diminished demand from the construction sector. The decline in construction activities, particularly in the United States, resulted in reduced consumption of VAE RD Powder. This downturn was exacerbated by factors such as low investor confidence and rising mortgage rates, further dampening demand. Supply chain disruptions, including a shortage of truck drivers, also contributed to the market woes. Despite these challenges, there were no reported plant shutdowns during the quarter. Prices in the USA experienced a significant decrease compared to the preceding quarter, reflecting the oversupply and subdued demand scenario.
In Europe, stagnant demand from the construction sector and oversupply were significant challenges for the VAE redispersible powder market in the fourth quarter of 2023. The lackluster performance of the residential construction industry, coupled with an oversupplied market and declining prices of key feedstocks like Vinyl Acetate Monomer (VAM), led to a notable depreciation in prices. Despite the challenges, there were no reported plant shutdowns in the region. Germany experienced significant price fluctuations, with substantial decreases compared to the previous year and the preceding quarter, reflecting the overall downward trend in the European VAE redispersible powder sector.
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