The Vinyl Acetate Monomer Market is expected to grow at > 4.0% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Vinyl Acetate Monomer Market
Vinyl Acetate Monomer Market is likely to witness an impressive CAGR of 4.0% during the forecast period. Growing popularity of VAM-based packaging material in the food & beverage sector and increasing demand for paints & coatings in the construction industry globally are one of the major factors fueling the growth of the market during the forecast period.
Europe is anticipated to be the leading region in the market owing to favorable regulatory environment in the region during the forecast period. Further, presence of a large number of cosmetics & toiletries, electronics, and packaging product manufacturers, growing awareness regarding nutritional and organic food items, and rising food & beverage industry leading 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.
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Market Scope & Market Segmentation
Vinyl Acetate Monomer Market Share: By Application Type
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 vinyl acetate monomer 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.
Vinyl Acetate Monomer Market Share: By End-User Type
Based on the end-user type, the market is segmented as packaging, construction, textile, cosmetic, 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 interlining for superior body handle.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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