Vinyl acetate monomer (VAM) is a colorless liquid organic compound which is primarily used in the production of polyvinyl acetate and other vinyl polymers. It is manufactured by the catalytic oxidation of ethylene with oxygen and acetic acid. Vinyl acetate monomer finds wide applications in industrial coatings, decorative laminates, emulsions for wallpaper pastes, adhesive formulations, and polyvinyl acetate resins for hot melt adhesives. The growing demand from films, paints and coatings industry is fueling the growth of the market.
The global Vinyl Acetate Monomer Market is estimated to be valued at US$ 10.78 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity
Increased Usage in Films and Coatings: Vinyl acetate monomer is widely used in the production of polyvinyl acetate emulsions, which find applications as adhesive binders and coatings ingredients in water-based architectural coatings as well as in films. The global demand for films is expected to grow driven by factors such as increasing global population, rising consumer spending, growing middle-class population, and rapid urbanization. Growth in the paints and coatings industry, led by increasing infrastructure development and rising residential and commercial construction is also expected to boost the demand for vinyl acetate monomer during the forecast period. Hence, growth in end-use industries such as films and coatings is expected to drive the growth of global vinyl acetate monomer market over the forecast period.
Porter's Analysis
Threat of new entrants: The high capital requirements and barriers for setting up new manufacturing facilities acts as a deterrent for new players. Also, established players enjoy economies of scale.
Bargaining power of buyers: The bargaining power of buyers is moderate as Vinyl Acetate Monomer has applications in a wide range of industries. However, buyers can negotiate on price margins.
Bargaining power of suppliers: Acetic acid and ethylene are the key raw materials whose prices can impact the overall production cost. Supply networks are well established globally.
Threat of new substitutes: Alternatives like polyvinyl chloride and polyethylene exhibits potential threat. However, Vinyl Acetate Monomer has characteristics that allow its substitution only in limited applications.
Competitive rivalry: Intense competition exists among major players to gain market share through capacity expansions, partnerships and technological advancements.
SWOT Analysis
Strengths: Wide applications, cost-effective production process, growing end-use industries.
Weaknesses: Volatility in raw material prices, environmental regulations on emissions.
Opportunities: Increasing consumption in emerging nations, rising demand from adhesives segment.
Threats: Trade wars and geopolitical uncertainties, strong bargaining power of buyers.
Key Takeaways
The Global Vinyl Acetate Monomer Market size is expected to witness high growth during the forecast period of 2024 to 2031 supported by rapid industrialization and infrastructure development activities across developing Asian countries. The global Vinyl Acetate Monomer Market is estimated to be valued at US$ 10.78 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031.
The Asia Pacific region dominated more than half of the global VAM market share in 2024 led by China, India, Japan, and South Korea. European nations such as Germany and Italy also accounted for significant consumption. China, India, Southeast Asia and the US. China accounted for over 35% of the global VAM demand in 2024. It is expected to maintain its leading position throughout the forecast years due to immense infrastructure development projects under the Belt and Road initiative. India and other Southeast Asian countries are likely to emerge as high growth regional markets on account of supportive government policies to boost manufacturing sectors.
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. Major players are investing in capacity expansions to meet growing needs of end-use industries globally and consolidate their market presence.
Get More Insights Here
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https://www.ukwebwire.com/vinyl-acetate-monomer-market-size-share-growth-outlook-2023/
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.
