Vinyl Acetate Monomer is also called acetic acid ethylene, which is a colourless liquid, having pungent odour. It is the primary raw material used in chemicals used in the manufacturing of consumer and industrial applications of PVAC and PVOH. It is used in the production of the laminated glass for cars and buildings. The Global Vinyl Acetate Monomer Market size is estimated to reach USD 11.36 Billion at a CAGR of 3.8% over 2017-2027.
Market expansion can be attributed to the growth of end-user industries such as automotive, constructions, and the packaging sector. The value of VAM market in 2019 was USD 8.06 Billion and is estimated to have a growth of 3.8% throughout the forecast period. Dubbed leap segment is expected to account for 21.0% of the market share by 2027. The construction segment is expected to hold 28.4% of the market revenue share by 2027. The EVOH segment is projected to witness the fastest growth rate of 7.1% over the analysis period.
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The Asia Pacific had the highest market share of 48.0% in 2019 and is expected to grow at a CAGR of 3.9% throughout the forecast period. The region is dominating the industry and landscape due to high demand in packaged food, coatings and paints, and expansion of the construction sector.
Key participants include LyondellBasell Industries, Celanese Corporation, DuPont, The Dow Chemical Company, INEOS, Kuraray, Dairen Chemical Corp, Chang Chun Group, Sipchem, and Sinopec.
For the purpose of this report, Reports and Data have segmented the global Vinyl Acetate Monomer market according to Production method, End-user, Application, and Region:
Production method Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
• Reaction of Ethylene with Acetate Species on Oxygen-Covered PD
• Dubbed Leap
End-User Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
• Paints & Coatings
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
• Polyvinyl Alcohol (PVOH)
• Polyvinyl Acetate (PVA)
• Ethylene-Vinyl Alcohol (EVOH)
• Ethylene-Vinyl Acetate (EVA)
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Key Point Summary of the Vinyl Acetate Monomer Market Report that will optimize your business activities:
1. This report studies the market scenario of the Vinyl Acetate Monomer industry and helps the reader comprehend all aspects of the sector in terms of revenue and market share, along with the projected growth of the same in the forecast duration from 2019 to 2026.
2. This research study undertakes a large-scale assessment of the market dynamics and significant factors that influence the development of the Vinyl Acetate Monomer market.
3. A comprehensive analysis of the major companies functioning in the industry will provide the clients with an exhaustive overview of the Vinyl Acetate Monomer business.
4. It sheds light on the market segments with promising future growth in the forecast duration and focuses on the emerging sectors that are most suitable for high-quality investments in the industry.
5. This study acts as a critical tool for comprehending the market potential, drivers, challenges, current growth trends, growth opportunities, factors driving the development of the market, and prominent threats.
6. This report also comprises of the crucial aspects impacting the demand and supply dynamics of the Vinyl Acetate Monomer sector.
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