Overview and Scope
Vinyl acetate monomer refers to a colourless liquid with a strong smell that can be polymerized as a bulk, solution, suspension, or emulsion. Vinyl acetate monomer is used in adhesives and sealants, paints and coatings, and textiles. It can be polymerized easily to form PVA (Polyvinyl alcohol) and VAE (vinyl acetate ethylene) copolymers with a wide range of properties.
Sizing and Forecast
The vinyl acetate monomer market size has grown strongly in recent years. It will grow from $9.14 billion in 2023 to $9.66 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to growth in construction industry, expanding packaging sector, textile and nonwoven applications, rise in consumer goods manufacturing, increased demand for paints and coatings.
The vinyl acetate monomer market size is expected to see strong growth in the next few years. It will grow to $11.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to urbanization and infrastructure development, advancements in packaging materials, focus on sustainable and eco-friendly products, automotive industry expansion, technological innovations in textile sector. Major trends in the forecast period include enhanced formulations in food packaging, focus on asia-pacific market expansion, adoption in photovoltaic encapsulation, shift toward water-based adhesives, innovation in packaging solutions.
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The vinyl acetate monomer market covered in this report is segmented –
1) By Application: Polyvinyl Alcohol (PVOH), Polyvinyl Acetate (PVA), Ethylene-Vinyl Acetate (EVA), Vinyl Acetate Ethylene (VAE), Ethylene-Vinyl Alcohol (EVOH), Other Applications
2) By End-User: Packaging, Construction, Textile, Cosmetics, Other End-User Industries
3) By Sales Channel: Direct Sale, Indirect Sale
Asia-Pacific was the largest region in the vinyl acetate monomer market in 2023. The regions covered in the vinyl acetate monomer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing construction industry is expected to propel the growth of the vinyl acetate monomer market going forward. The construction industry refers to the sector of the economy that is involved in the planning, design, construction, and maintenance of physical structures and infrastructure. It encompasses a wide range of activities and disciplines related to the development of buildings, roads, bridges, dams, utilities, and other types of construction projects. Vinyl acetate monomer (VAM) is used in the construction industry primarily as a key component in the production of adhesives and coatings. It is a versatile ingredient in the construction industry, contributing to the development of strong, durable, and high-performance adhesives, sealants, and coatings used in various construction applications. So these factors boost the vinyl acetate monomer market. For instance, in May 2023, according to the report shared by the United States Census Bureau, a US-based government agency, construction spending increased from $1,768.2 billion in March 2022 to $1,834.7 billion in March 2023, a 3.8 percent increase in construction spending. Therefore, the growing construction industry is driving the vinyl acetate monomer market.
Key Industry Players
Major companies operating in the vinyl acetate monomer market report are The Dow Chemical Company,Wacker Chemie AG,Kuraray Co.Ltd.,Sinopec Corp.,LyondellBasell Industries N.V.,Japan Vam And Poval Co. Ltd.,Saudi International Petrochemical Company, Dairen Chemical Corporation,Solventis Ltd.,DuPont de Nemours Inc.,Chang Chun Group,Innospec Inc.,EVinyl Acetate Monomeron Mobil Corporation,Arkema S.A.,Lotte BP Chemical Co. Ltd.,LANXESS AG,Celanese Corporation,China Petrochemical Corporation, Braskem SA,Borealis AG,Mitsui Chemicals Inc.,Sumitomo Chemical Co. Ltd.,Hanwha Chemical Corp.,Versalis S.p.A.,LG Chem Ltd.,Formosa Plastics Corporation,BASF SE,Tosoh Corporation,UBE Industries Ltd.,Reliance Industries Limited
The vinyl acetate monomer market report table of contents includes:
1. Executive Summary
2. Vinyl Acetate Monomer Characteristics
3. Vinyl Acetate Monomer Trends And Strategies
4. Vinyl Acetate Monomer – Macro Economic Scenario
5. Global Vinyl Acetate Monomer Size and Growth
…..
32. Global Vinyl Acetate Monomer Competitive Benchmarking
33. Global Vinyl Acetate Monomer Competitive Dashboard
34. Key Mergers And Acquisitions In The Vinyl Acetate Monomer
35. Vinyl Acetate Monomer Future Outlook and Potential Analysis
36. Appendix
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