The Global Vinyl Acetate Monomer Market was valued at USD 9.92 Billion in 2021 and is expected to reach USD 14.56 Billion by 2028 with a CAGR of 4.12% over the forecast period.
The Detailed Market intelligence report on the Vinyl Acetate Monomer Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Vinyl Acetate Monomer Market place for the forecast 2022– 2028.
VAM (Vinyl Acetate Monomer) is a colorless organic compound which is created from the response of acetic acid and ethylene with oxygen in the attendance of a palladium catalyst. It is an essential chemical building substance which is employed in a series of industrial and consumer goods. VAM is a major component for producing resins, intermediates, and emulsion polymers which are employed in coatings, wires, paints, and adhesives.
The rising employment of shale gas is one of the primary factors powering the requirement for vinyl acetate monomer. The market has been observing positive development, owing to the sustained growth of unconventional gas sources.
The global market for vinyl acetate monomer has been divided based in end-use industry, application, and region. On the basis of application, the market has been divided into polyvinyl alcohol (PVOH), polyvinyl acetate (PVA), vinyl acetate ethylene (VAE), ethylene vinyl acetate (EVA), polyvinyl formal, vinyl chloride-vinyl acetate copolymers, ethylene vinyl alcohol (EVOH), and others. On the basis of end-use industry, the market has been divided into cosmetics and personal care, construction, packaging, adhesives, textile, automotive, paints and coatings, and others.
The major players in the global vinyl acetate monomer market are,
The development of the worldwide vinyl acetate monomer market is powered by the quickly developing packaging sector all over the world. The rising requirement for packaged food and beverages products due to improved and convenience product shelf is predicted to propel market development. With the launch of multiple-layer barrier packaging tech, requirement for the product is increasing in the packaging sector.
VAM usage is rising in the construction sector owing to increasing commercial and residential infrastructure activities in both developing and developed areas. The rising requirement for paints and adhesives and coatings from primary end-use sectors such as construction, automotive, and packaging is also powering market development.
Some of the developing strategies accepted by the major players in the vinyl acetate monomer market comprise acquisitions, expansions, and new product roll out. For example, Celanese Corporation, a US-located global specialty materials and technology firm, in 2017 expanded its production ability of VAM in Texas.
Asia Pacific added up for the biggest share of the global market for vinyl acetate monomer; the Asia Pacific market is predicted to carry on its dominance in the coming period owing to the quickly developing packaging sector with the rising requirement for packaged food and beverages products. Moreover, increasing residential construction activities in developing countries such as China, India, and Thailand, paired with rising disposable incomes of users and rising population base, is powering market development.
North America is one more prominent area for the vinyl acetate monomer market due to the increasing requirement for coatings and adhesives from major end-use sectors such as construction and automotive. The reviving automotive sector with rising automobile manufacturing is predicted to provide lucrative growth avenues for companies in the coming years in the vinyl acetate monomer market.
Europe is also a main area for the vinyl acetate monomer market due to the rising employment of biodegradable plastic in the packaging sector owing to the prohibition implemented by the EU as of 2016 on landfill. The vinyl acetate monomer market in Latin America is observing considerable development with the increasing requirement for packaged food and beverages products owing to the high per capita income of users and requirement for convenience
Middle East and Africa
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2028|
|Market Size in 2021:||USD 9.92 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 14.56 Billion|
|Tables, Charts & Figures:||175|
|Vinyl Acetate Monomer Manufacturers||Celanese Corporation (Hoechst Celanese), Dow Chemical Company, Chang Chun Group, China Petrochemical Corporation, LyondellBasell.|
|Segments Covered||By Application, By End-User Industry|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|