Vinyl Acetate Monomer Market Projected to Grow at a Steady Pace During 2021-2026

OCT 12,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the 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.

Vinyl acetate monomer is basically an organic compound which is produced by the reaction of ethylene and acetic acid with oxygen with the presence of palladium catalyst. It is also one of the key chemical compounds used to produce various industrial and consumer goods, such as polymers, and are further used in coatings, construction materials, and wires.

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.

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.

By Region

In terms of regions, 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.

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.

Features of the Report
This report offers high-quality insights and is the outcome of 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.

The Vinyl Acetate Monomer Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • 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

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