Vinyl Acetate Monomer Market Size to Expand Significantly by the End of 2028

Stratview Research has published a report on the Vinyl Acetate Monomer Market Segmented by Application Type (Polyvinyl Alcohol, Polyvinyl Acetate, Ethylene-Vinyl Acetate, Vinyl Acetate Ethylene, Ethylene-Vinyl Alcohol, and Others), by End-User Type (Packaging, Construction, Textile, Cosmetics, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the presented report, the vinyl acetate monomer market was estimated at USD 8.54 billion in 2022 and is likely to grow at a CAGR of 4.58% during 2023-2028 to reach USD 11.21 billion in 2028.
What is a vinyl acetate monomer?
Vinyl acetate monomer is a vital industrial monomer that is widely used to produce different polymers like polyvinyl acetate, polyvinyl alcohol, homopolymers, copolymers, etc. that finds applications in adhesives, films, and more.
COVID-19 IMPACT
The vinyl acetate monomer market was severely disrupted by the Covid-19 pandemic. Major factors for this are lockdowns, restrictions on international trade, supply chain disruptions, shutting down of industries, and halting of construction or textile industries. The market for vinyl acetate monomer and its products was severely impacted as the end-use industry consumption was reduced during the pandemic.
Market Dynamics
The market dynamics of vinyl acetate monomer (VAM) are influenced by various factors that drive its demand and supply. Here are some key market dynamics -
• Rising constructions – The demand for vinyl acetate monomers is growing rapidly due to the rising infrastructure spending in emerging regions like Latin America, and Asia Pacific. Vinyl acetate monomers are also used in the manufacture of paints, coatings, adhesives and binders, films, wire and cable, inks, concrete additives, etc. which are vital for any construction.
• Increasing shale gas explorations – Vinyl acetate is one of the most important monomers widely used for shale gas exploration. Shale gas production has been rapidly rising owing to growing oil and gas requirements across the globe. In the United States, Shale gas production has increased by 4% (4.9 billion cubic feet per day [Bcf/d]) in 2022, averaging 119 Bcf/d. The U.S. Energy Information Administration - EIA expects natural gas production to rise to 42.1 trillion cubic feet (Tcf) by 2050. With such huge production and explorations, the demand for vinyl acetate monomers will grow substantially, driving the global market for vinyl acetate monomers in the near future.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Market Segments' Analysis
The market researchers have studied the Vinyl Acetate Monomer Market minutely for better understanding. The report consists of segment-wise details to assist the users in making suitable decisions for better growth opportunities. Below is the short piece of information -
Based on the application type, the market is segmented as polyvinyl alcohol, polyvinyl acetate, ethylene-vinyl acetate, vinyl acetate ethylene, ethylene-vinyl alcohol, and others. Polyvinyl acetate is estimated to be the leading application type of the market during the forecast period. Polyvinyl acetate holds around 37% of vinyl acetate monomer production and is a primary molecule in adhesives, construction, paints, textile, and architectural coatings, including all copolymers and homopolymers containing less than or equal to 50% of vinyl acetate.
Based on the end-user type, the market is segmented as packaging, construction, textile, cosmetics, and others. The textile end-user industry is estimated to witness significant growth in the market owing to changing consumer tastes and demand during the forecast period. The growth of the segment is owing to the shifting preferences toward sophisticated clothing and polyvinyl acetate offering to interline for superior body handles.
In terms of regions, Europe is anticipated to be the leading region in the market owing to the favorable regulatory environment in the region during the forecast period. Further, the presence of a large number of cosmetics & toiletries, electronics, and packaging product manufacturers, growing awareness regarding nutritional and organic food items, and the rising food & beverage industry led to the development of innovative packaging solutions in order to meet the consumers’ demand are some of the major factors accelerating the regional market growth over the forecast period. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
What else are available in this report?
The answer lies in the TOC and other details. Take a sneak-peek into the TOCs of this report.
- Report Scope
- Report Objectives
- Research Methodology
- Market Segmentation
- Secondary Research
- Primary Research
- Breakdown of Primary Interviews by Region, Designation, and Value Chain
- Data Analysis and Triangulation
Key Players
• Celanese Corporation
• Chang Chun Group
• Dairen Chemical Corporation
• Kuraray Co., Ltd.
• Lyondellbasell Industries, Inc.
• Sinopec Group
• Sipchem
• Solventis Ltd.
• The Dow Chemical Company
• Wacker Chemie AG.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
Read More: https://www.stratviewresearch.com/1354/vinyl-acetate-monomer-market.html
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