Global Vinyl Acetate Monomer Market by Application (Ethylene Vinyl Acetate, Ethylene Vinyl Alcohol, Polyvinyl Alcohol, Polyvinyl Acetate) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2014, the global vinyl acetate monomer market was worth USD 6,719.1 millions. In terms of revenue, it is expected to grow at a 5.7% CAGR between 2015 and 2020. Over the next six-years, the global vinyl monomer (VAM), market will continue to be driven by the growth of the adhesives industry due to increasing demand from key end-use industries like furniture automobiles and construction.

Vinyl acetate is a monomer that is widely used in the manufacture of adhesives. This is because it has excellent adhesive, fiber-forming and optical properties. Vinyl acetate is an important chemical building material used in the manufacture of industrial and consumer products.

VAM is a precursor that is used in the polymer and copolymer production of consumer and industrial products, including PVOH (polyvinyl acetate/polyvinyl acetals), PVOH [polyvinyl alcohol], EVA (ethylene vinyl acetate) and EVOH.

The projected growth of the global vinyl monomer market is expected to be influenced by a rising demand for paints and coatings, especially in emerging economies like Latin America and Asia Pacific. Because of their low environmental impact, vinyl acetate ethylene copolymers (VAE), are great for architectural coatings. Low solvent demand and low monomer residue are other benefits. They can also be made without the use of alkylphenolethoxylate (APEO), raw materials, or formaldehyde feedstock.

The U.S. will see an increase in shale gas exploration and production (E&P), which is expected to provide a steady supply of VAM-making raw materials. Crude oil is a major source of ethylene, which is then used to make VAM. Natural gas from shale gas contains a higher percentage of ethane than crude oil used for VAM production. This will increase VAM production in America and meet domestic and export demand.

Market participants will continue to face key challenges from stringent regulations and volatile raw material prices. Future opportunities for VAM market participants are likely to be provided by the growing demand for photovoltaic cells and the expansion of the global food packaging sector.

For PV cells, EVA copolymer resins can be used to provide a protective adhesive layer between glass and electronic components. EVA provides structural support and insulation for PV cells against harmful elements like rain, dirt, wind, and other damaging elements.

Application Insights

Polyvinyl Acetate was the most popular application segment in 2013, occupying a market share of 45.4%. Around 80% of VAM is used to produce PVOH and PVA. PVA and PVOH were the most popular vinyl acetate monomer applications. PVA, a major derivative of VAM, is used in adhesive applications due to its excellent adhesion properties to different substrates like wood, paper, metals and plastic films. Paints and coatings are another major application of PVA. PVOH is the VAM product with the largest number of consumers. PVOH can be used in coatings, adhesives and water-soluble packaging.

PVAc is a product made from PVA. It can be used to produce magnetic wire insulation, safety glasses interlayer, wash primers and coating. Due to increased demand from the packaging industry, EVA will continue to grow at steady rates for six years. EVA can also be used to make shower curtains and footwear. EVOH is the most popular application due to its use as a barrier resin for plastic bottles and food packaging. VAM can also be used to make polyvinyl butyral, (PVB), and VAE. PVB is used to make safety glass for buildings and cars.

Regional Insights

Asia Pacific was the dominant regional vinyl acetate monomer marketplace and is responsible for nearly half of total market volume. Due to the rapid growth of key end-use industries, Asia Pacific will continue to lead the global market.

Rising adhesives and paints and coatings demand from infrastructure companies will lead to higher growth rates in emerging markets like India and China. Market growth is expected to be boosted by rising consumption of adhesives for food packaging and growing demand from automotive industries.

North America was the fastest-growing market in 2013 for vinyl acetate monomer. North America will likely surpass Europe in order to be the second-largest VAM buyer by 2020. The growth of the region market will continue to be driven by a positive outlook on U.S. packaging industry and the shale gas boom.

Market Share insights Vinyl Acetate Monomer (VAM).

Globally, the market is fairly well consolidated, with just more than half of the market being dominated by the top four companies. Manufacturers will need to expand their production capacity due to rising demand from emerging countries in Asia Pacific. To gain competitive advantage, manufacturers are aiming to increase their participation in the value-chain.

The price differentiation and the services provided by leading manufacturers are key factors in determining which manufacturer is most successful. LyondellBasell Industries, Celanese and Dairen Chemical Corporation are some of the major players in the global VAM marketplace. The Dow Chemical Company is another company.

Vinyl Acetate Monomer Market Report Scope

These are the most frequently asked questions about this report

b. The global vinyl monomer market was valued at USD 9.32 Billion in 2019, and is forecast to grow to USD 9.86 Billion by 2020.

b. The global vinyl monomer market will grow at a compound annual rate of 5.7% between 2015 and 2020, to reach USD 9.86 Billion by 2020.

b. With a 46.9% share in 2019, Asia Pacific was the dominant region for vinyl acetate monomer. This can be attributed to the growth in adhesives demand from furniture and automobiles as well as construction industries.

b. The market for vinyl acetate monomers is dominated by Celanese Chemical Corporation, Dairen Chemical Corporation and LyondellBasell Industries.

b. The market growth is being driven by the growth of the global adhesives industry, which is a result of growing demand from major end-use sectors like construction and furniture automobiles.

Up Market Research published a new report titled “Vinyl Acetate Monomer Market research report which is segmented by Application (Ethylene Vinyl Acetate, Ethylene Vinyl Alcohol, Polyvinyl Alcohol, Polyvinyl Acetate), By Players/Companies Sinopec, Dairen Chemical Corporation, Sipchem, Celanese, LyondellBasell Industries Other companies include The Dow Chemical Company, Ningxia Yinglite, Kuraray”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Vinyl Acetate Monomer Market Report Segments:

The market is segmented by Application (Ethylene Vinyl Acetate, Ethylene Vinyl Alcohol, Polyvinyl Alcohol, Polyvinyl Acetate).

Vinyl Acetate Monomer Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Vinyl Acetate Monomer Market

Overview of the regional outlook of the Vinyl Acetate Monomer Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Vinyl Acetate Monomer Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Vinyl Acetate Monomer Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Ethylene Vinyl Acetate

                2. Ethylene Vinyl Alcohol

                3. Polyvinyl Alcohol

                4. Polyvinyl Acetate

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Vinyl Acetate Monomer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Vinyl Acetate Monomer Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.