Yes it isd vinyl or PVA poly Vinyl Acetate. It glues very well, but be concient that is a two way stuff, that is if you soaked it with water, once is dry, it will come back to it´s original state (white) and it will debond. It is good for paper, carton, wood, even plastic. When I do not want to have the two way effect I use Acrylic glue, it may look like white glue, the smell is different and the end result is an adherance to metal, wood, plastic, rayon, nylon, clear parts like canopies, and it will stay for ever. only have to be sure the surface is clean ( no grease). It may be more pasty like, but with a toothpick or any other special apliance you use, is easy to apply. Both glues are great depending the use you will give to the bond.