Vinyl acetate monomer is an organic compound that is widely used in different end-user applications such as paints & coatings, adhesives & sealants, and textiles among others. It imparts good adhesion, flexibility, and transparency properties to various products. Rapid urbanization along with growth of the construction industry globally has boosted the demand for adhesives, paints, and other construction-related products containing vinyl acetate monomer.
The global vinyl acetate monomer market is estimated to be valued at US$ 9.35 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
Growing construction activities in emerging economies: Rapid infrastructural development and construction projects in developing countries such as India, China, Indonesia are fueling the demand for vinyl acetate monomer. It finds wide application in various construction materials including tiles, flooring, sealants, and paints. Additionally, growing residential and commercial building projects are further augmenting the market growth.
Segment Analysis
The global vinyl acetate monomer market is dominated by the polyvinyl alcohol (PVA) segment. PVA accounted for over 40% share of the overall market in 2022 primarily due to increasing usage in various end-use industries like textile, paper, construction and coatings. It has strong binding and film forming properties which make it suitable for applications requiring flexibility, durability and adhesion.
Key Takeaways
The global vinyl acetate monomer market is expected to witness high growth over the forecast period till 2030 supported by rising demand from the construction industry across regions. 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 13% over the forecast period 2023 to 2030.
Regional analysis related content comprises Asia Pacific dominates the global market accounting for more than 35% share in 2022, led by strong demand from China, India and other ASEAN countries. Growth in the region will be driven by rapid urbanization and infrastructure development.
Key players related content comprises 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, and Wacker Chemie AG.
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COVID-19 Impact Analysis on Vinyl Acetate Monomer Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the vinyl acetate monomer market include Dow Chemical Company, Celanese Corporation (Hoechst Celanese), China Petrochemical Corporation, Chang Chun Group, LyondellBasell.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Vinyl Acetate Monomer Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/vinyl-acetate-monomer-market/download-sampleMarket DynamicsThe expansion of the packaging industries worldwide fuels the growth of the global vinyl acetate monomer market.
The consumption of vinyl acetate monomer in the construction industry is growing as residential and commercial infrastructure activities increase in both developed and developing regions.
The volatile crude price directly impacts the VAM market price, thus negatively affecting the market development.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
