The global Vinyl Acetate Monomer Market is estimated to be valued at US$ 9.35 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Vinyl acetate monomer (VAM) finds widespread applications in the production of polyvinyl acetate, polyvinyl alcohol, ethylene vinyl acetate, and other polymers. Some key properties like flexibility, UV protection, water resistance, and durability have increased the adoption of vinyl acetate monomer based polymers in various end-use industries including paints and coatings, packaging, paper and paperboards, construction, textiles, and adhesive applications.
Market Overview:
Vinyl acetate monomer is an organic compound used as an intermediate in production of polyvinyl acetate, polyvinyl alcohol, and ethylene vinyl acetate. These vinyl acetate monomer-based polymers provide good adhesion, flexibility, water resistance, and film-forming ability. Their increasing uses in coatings, packaging, construction, and textile industries have fueled the demand for vinyl acetate monomer.
Market key trends:
One of the key trends fuelling the growth of vinyl acetate monomer market is expansion of end-use industries like packaging, paper, construction, and textiles. The thriving e-commerce industry has augmented paper-based packaging demand worldwide. Additionally, increasing construction of commercial and residential buildings has propelled the consumption of vinyl acetate monomers in coatings, adhesives, and other construction materials. Moreover, rising penetration of vinyl acetate monomer derivatives like ethylene vinyl acetate and polyvinyl alcohol in diverse applications is expected to drive the market over the forecast period. Improved domestic polymer production capacities, primarily in Asia Pacific, have also contributed to the market growth.
Segment Analysis
The global vinyl acetate monomer market is segmented by application into polyvinyl acetate, polyvinyl alcohol, ethylene vinyl acetate, and others. Among these, the polyvinyl acetate segment dominates the market and accounts for over 50% share of the global vinyl acetate monomer market. Polyvinyl acetate finds extensive application in adhesives, textiles, paper, packaging, and construction industries owing to its excellent adhesive strength and flexibility.
Key Takeaways
Market size
Global Vinyl Acetate Monomer Market Demand is expected to witness high growth, exhibiting CAGR of 8.6% over the forecast period, due to increasing usage of vinyl acetate monomer in end use industries like packaging, construction, automotive, and coatings.
Regional analysis
Asia Pacific region dominates the vinyl acetate monomer market and is expected to continue its dominance during the forecast period. This is attributed to strong presence of vinyl acetate monomer manufacturing facilities and robust growth of end use industries in countries like China and India.
Key players
Key players operating in the vinyl acetate monomer market are Celanese Corporation, Dairen Chemical Corporation, Japan VINYL ACETATE MONOMER & POVAL Co. Ltd., Kuraray Co. Ltd., LyondellBasell Industries, Ningxia Yinglite Chemical Co., Ltd., China Petroleum & Chemical Corporation (Sinopec Corp.), The Dow Chemical Company, Wacker Chemie AG.
Get More Insights on this Topic- https://www.marketwebjournal.com/vinyl-acetate-monomer-market-value-insights-and-future-trends/
The global Vinyl Acetate Ethylene (VAE) Copolymer market is segmented by company, region (country), by Type, and by Application.
Players, stakeholders, and other participants in the global Vinyl Acetate Ethylene (VAE) Copolymer market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/85685/global-vinyl-acetate-ethylene-copolymer-2021-285 Segment by Type Ordinary VAE EmulsionsWaterproof VAE Emulsions Segment by Application AdhesivesPaints and CoatingsRedispersible PowderTextile ChemicalsOthers The Vinyl Acetate Ethylene (VAE) Copolymer market is analysed and market size information is provided by regions (countries).
Segment by Application, the Vinyl Acetate Ethylene (VAE) Copolymer market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
Market dynamics scenario, along with growth opportunities of the market in the years to come3.
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects4.
