Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Market by Size, by Type, by Application, by Region, History and Forecast 2020-2031

Summary

Vinyl acetate ethylene (VAE) emulsions are based on the copolymerization of vinyl acetate and ethylene, in which the vinyl acetate content can range between 60 and 95 percent, and the ethylene content ranges between 5 and 40 percent of the total formulation. This product should not be confused with the ethylene vinyl acetate (EVA) copolymers, in which the vinyl acetate generally ranges in composition from 10 to 40 percent, and ethylene can vary between 60 and 90 percent of the formulation. VAEs are water-based emulsions, whereas EVAs are solid materials used for hot-melt and plastic molding applications.

According to APO Research, The global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) market is projected to grow from US$ million in 2025 to US$ million by 2031, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

The US & Canada market for Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Asia-Pacific market for Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The China market for Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global manufacturers of Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) include Wacker, Celanese, DCC, Vinavil, Beijing Eastern Petro-chemical, Wanwei, Sinopec Sichuan Vinylon Works, Dow and Sumika Chemtex, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

In terms of production side, this report researches the Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) production, growth rate, market share by manufacturers and by region (region level and country level), from 2020 to 2025, and forecast to 2031.

In terms of consumption side, this report focuses on the sales of Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) by region (region level and country level), by company, by type and by application. from 2020 to 2025 and forecast to 2031.

This report presents an overview of global market for Vinyl Acetate-Ethylene Emulsions (VAE Emulsion), capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2020 - 2024, estimates for 2025, and projections of CAGR through 2031.

This report researches the key producers of Vinyl Acetate-Ethylene Emulsions (VAE Emulsion), also provides the consumption of main regions and countries. Of the upcoming market potential for Vinyl Acetate-Ethylene Emulsions (VAE Emulsion), and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) sales, revenue, market share and industry ranking of main manufacturers, data from 2020 to 2025. Identification of the major stakeholders in the global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by type and by application, sales, revenue, and price, from 2020 to 2031. Evaluation and forecast the market size for Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) sales, projected growth trends, production technology, application and end-user industry.


Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Segment by Company

Wacker
Celanese
DCC
Vinavil
Beijing Eastern Petro-chemical
Wanwei
Sinopec Sichuan Vinylon Works
Dow
Sumika Chemtex
Shaanxi Xutai
Yunnan Zhengbang Technology

Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Segment by Type

Waterproof VAE Emulsions
Ordinary VAE Emulsions

Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Segment by Application

Adhesives
Redispersible Powder
Paints and Coatings
Textile Chemicals
Others

Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Study Objectives

1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Vinyl Acetate-Ethylene Emulsions (VAE Emulsion).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Provides an overview of the Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2020-2031).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) industry.
Chapter 3: Detailed analysis of Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) market competition landscape. Including Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) manufacturers' output value, output and average price from 2020 to 2025, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 7: Production/Production Value of Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.

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1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value Estimates and Forecasts (2020-2031)
1.2.2 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Capacity Estimates and Forecasts (2020-2031)
1.2.3 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Estimates and Forecasts (2020-2031)
1.2.4 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Market Average Price (2020-2031)
1.3 Assumptions and Limitations
1.4 Study Goals and Objectives
2 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Market Dynamics
2.1 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Industry Trends
2.2 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Industry Drivers
2.3 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Industry Opportunities and Challenges
2.4 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Industry Restraints
3 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Market by Manufacturers
3.1 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value by Manufacturers (2020-2025)
3.2 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production by Manufacturers (2020-2025)
3.3 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Average Price by Manufacturers (2020-2025)
3.4 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Industry Manufacturers Ranking, 2023 VS 2024 VS 2025
3.5 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Key Manufacturers Manufacturing Sites & Headquarters
3.6 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Manufacturers, Product Type & Application
3.7 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Manufacturers Established Date
3.8 Market Competitive Analysis
3.8.1 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Market CR5 and HHI
3.8.2 Global Top 5 and 10 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Players Market Share by Production Value in 2024
3.8.3 2024 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Tier 1, Tier 2, and Tier 3
4 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Market by Type
4.1 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Type Introduction
4.1.1 Waterproof VAE Emulsions
4.1.2 Ordinary VAE Emulsions
4.2 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production by Type
4.2.1 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production by Type (2020 VS 2024 VS 2031)
4.2.2 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production by Type (2020-2031)
4.2.3 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Market Share by Type (2020-2031)
4.3 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value by Type
4.3.1 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value by Type (2020 VS 2024 VS 2031)
4.3.2 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value by Type (2020-2031)
4.3.3 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value Market Share by Type (2020-2031)
5 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Market by Application
5.1 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Application Introduction
5.1.1 Adhesives
5.1.2 Redispersible Powder
5.1.3 Paints and Coatings
5.1.4 Textile Chemicals
5.1.5 Others
5.2 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production by Application
5.2.1 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production by Application (2020 VS 2024 VS 2031)
5.2.2 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production by Application (2020-2031)
5.2.3 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Market Share by Application (2020-2031)
5.3 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value by Application
5.3.1 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value by Application (2020 VS 2024 VS 2031)
5.3.2 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value by Application (2020-2031)
5.3.3 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value Market Share by Application (2020-2031)
6 Company Profiles
6.1 Wacker
6.1.1 Wacker Comapny Information
6.1.2 Wacker Business Overview
6.1.3 Wacker Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production, Value and Gross Margin (2020-2025)
6.1.4 Wacker Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Product Portfolio
6.1.5 Wacker Recent Developments
6.2 Celanese
6.2.1 Celanese Comapny Information
6.2.2 Celanese Business Overview
6.2.3 Celanese Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production, Value and Gross Margin (2020-2025)
6.2.4 Celanese Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Product Portfolio
6.2.5 Celanese Recent Developments
6.3 DCC
6.3.1 DCC Comapny Information
6.3.2 DCC Business Overview
6.3.3 DCC Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production, Value and Gross Margin (2020-2025)
6.3.4 DCC Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Product Portfolio
6.3.5 DCC Recent Developments
6.4 Vinavil
6.4.1 Vinavil Comapny Information
6.4.2 Vinavil Business Overview
6.4.3 Vinavil Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production, Value and Gross Margin (2020-2025)
6.4.4 Vinavil Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Product Portfolio
6.4.5 Vinavil Recent Developments
6.5 Beijing Eastern Petro-chemical
6.5.1 Beijing Eastern Petro-chemical Comapny Information
6.5.2 Beijing Eastern Petro-chemical Business Overview
6.5.3 Beijing Eastern Petro-chemical Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production, Value and Gross Margin (2020-2025)
6.5.4 Beijing Eastern Petro-chemical Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Product Portfolio
6.5.5 Beijing Eastern Petro-chemical Recent Developments
6.6 Wanwei
6.6.1 Wanwei Comapny Information
6.6.2 Wanwei Business Overview
6.6.3 Wanwei Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production, Value and Gross Margin (2020-2025)
6.6.4 Wanwei Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Product Portfolio
6.6.5 Wanwei Recent Developments
6.7 Sinopec Sichuan Vinylon Works
6.7.1 Sinopec Sichuan Vinylon Works Comapny Information
6.7.2 Sinopec Sichuan Vinylon Works Business Overview
6.7.3 Sinopec Sichuan Vinylon Works Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production, Value and Gross Margin (2020-2025)
6.7.4 Sinopec Sichuan Vinylon Works Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Product Portfolio
6.7.5 Sinopec Sichuan Vinylon Works Recent Developments
6.8 Dow
6.8.1 Dow Comapny Information
6.8.2 Dow Business Overview
6.8.3 Dow Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production, Value and Gross Margin (2020-2025)
6.8.4 Dow Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Product Portfolio
6.8.5 Dow Recent Developments
6.9 Sumika Chemtex
6.9.1 Sumika Chemtex Comapny Information
6.9.2 Sumika Chemtex Business Overview
6.9.3 Sumika Chemtex Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production, Value and Gross Margin (2020-2025)
6.9.4 Sumika Chemtex Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Product Portfolio
6.9.5 Sumika Chemtex Recent Developments
6.10 Shaanxi Xutai
6.10.1 Shaanxi Xutai Comapny Information
6.10.2 Shaanxi Xutai Business Overview
6.10.3 Shaanxi Xutai Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production, Value and Gross Margin (2020-2025)
6.10.4 Shaanxi Xutai Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Product Portfolio
6.10.5 Shaanxi Xutai Recent Developments
6.11 Yunnan Zhengbang Technology
6.11.1 Yunnan Zhengbang Technology Comapny Information
6.11.2 Yunnan Zhengbang Technology Business Overview
6.11.3 Yunnan Zhengbang Technology Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production, Value and Gross Margin (2020-2025)
6.11.4 Yunnan Zhengbang Technology Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Product Portfolio
6.11.5 Yunnan Zhengbang Technology Recent Developments
7 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production by Region
7.1 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production by Region: 2020 VS 2024 VS 2031
7.2 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production by Region (2020-2031)
7.2.1 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production by Region: 2020-2025
7.2.2 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Forecast by Region: 2026-2031
7.3 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production by Region: 2020 VS 2024 VS 2031
7.4 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value by Region (2020-2031)
7.4.1 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value by Region: 2020-2025
7.4.2 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value by Region (2026-2031)
7.5 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Market Price Analysis by Region (2020-2031)
7.6 Regional Production Value Trends (2020-2031)
7.6.1 North America Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value (2020-2031)
7.6.2 Europe Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value (2020-2031)
7.6.3 Asia-Pacific Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value (2020-2031)
7.6.4 South America Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value (2020-2031)
7.6.5 Middle East & Africa Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Value (2020-2031)
8 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Consumption by Region
8.1 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Consumption by Region: 2020 VS 2024 VS 2031
8.2 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Consumption by Region (2020-2031)
8.2.1 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Consumption by Region (2020-2025)
8.2.2 Global Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Consumption by Region (2026-2031)
8.3 North America
8.3.1 North America Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
8.3.2 North America Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Consumption by Country (2020-2031)
8.3.3 U.S.
8.3.4 Canada
8.3.5 Mexico
8.4 Europe
8.4.1 Europe Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
8.4.2 Europe Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Consumption by Country (2020-2031)
8.4.3 Germany
8.4.4 France
8.4.5 U.K.
8.4.6 Italy
8.4.7 Netherlands
8.5 Asia Pacific
8.5.1 Asia Pacific Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
8.5.2 Asia Pacific Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Consumption by Country (2020-2031)
8.5.3 China
8.5.4 Japan
8.5.5 South Korea
8.5.6 Southeast Asia
8.5.7 India
8.5.8 Australia
8.6 South America
8.6.1 South America Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
8.6.2 South America Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Consumption by Country (2020-2031)
8.6.3 Brazil
8.6.4 Argentina
8.6.5 Chile
8.6.6 Colombia
8.7 Middle East & Africa
8.7.1 Middle East & Africa Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
8.7.2 Middle East & Africa Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Consumption by Country (2020-2031)
8.7.3 Egypt
8.7.4 South Africa
8.7.5 Israel
8.7.6 Türkiye
8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
9.1 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Value Chain Analysis
9.1.1 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Manufacturing Cost Structure
9.1.4 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Production Mode & Process
9.2 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Distributors
9.2.3 Vinyl Acetate-Ethylene Emulsions (VAE Emulsion) Customers
10 Concluding Insights
11 Appendix
11.1 Reasons for Doing This Study
11.2 Research Methodology
11.3 Research Process
11.4 Authors List of This Report
11.5 Data Source
11.5.1 Secondary Sources
11.5.2 Primary Sources
11.6 Disclaimer

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