Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

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

The global vinyl acetate monomer market is estimated to account for US$ 8,848.2 Mn in terms of value and 7,556.0 Kilo Tons in terms of volume by the end of 2019.

Drivers:

High demand for adhesives from various end-user industries is predominantly fueling the market growth of the vinyl acetate monomer. Adhesives are widely used across paints and coatings, construction, laminates, paper, and textiles for bonding applications due to their excellent adhesion properties to a substrate such as ceramics, metals, paper, and wood. Hence, the growing demand for adhesives from various end-user industries are propelling the market growth of the vinyl acetate monomer.

The growing use of vinyl acetate monomer for the production of polyvinyl alcohol which is further used across packaging films, photosensitive coatings and thickeners are augmenting market growth. Also, polyvinyl alcohol is used in the production of polyvinyl butyral (PVB) which has great toughness and clarity that offer a protective layer to glass. PVB is further used in the production of laminated glass of automobiles and building and construction. 

Figure 1. Global Vinyl Acetate Monomer Market Share (%) in terms of Value, By Region, in 2019

Vinyl Acetate Monomer  | Coherent Market Insights

Asia Pacific region dominated the global vinyl acetate monomer market in 2019, accounting for 46.2% share in terms of value.

Market Restraints

Strict environmental rules and regulations associated with the vinyl acetate products as it exhibits various potential environmental threat is expected to limit the adoption of the products. This is expected to hinder the market growth of the vinyl acetate monomer.

Lack of technological process for the manufacturing of the vinyl acetate monomer is expected to hinder the market growth. Also, high exposure of the vinyl acetate monomers leads to various health issues such as eye irritation and respiratory infections are again expected to restrict the market growth.

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Vinyl Acetate Monomer Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 8,848.2 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.5% 2027 Value Projection: US$ 12,621.1 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Africa
Segments covered:
  • By Application: Polyvinyl Acetate (PVAc), Polyvinyl Alcohol (PVOH or PVA), Ethylene-Vinyl Acetate (EVA), Ethylene-Vinyl Alcohol (EVOH), and Others
Companies covered:

Celanese Corporation, Dairen Chemical Corporation, Japan VAM & POVAL Co. Ltd., Kuraray Co. Ltd., Lyondell Basell Industries, Ningxia Yinglite Chemical Co., Ltd., China Petroleum & Chemical Corporation (Sinopec Corp.), The Dow Chemical Company, Wacker Chemie AG

Growth Drivers:
  • High demand for adhesives from various end-user industries is fueling the market growth of the market.
  • The growing use of vinyl acetate monomer for the production of polyvinyl alcohol drives the market growth.
Restraints & Challenges:
  • Lack of technological process for the manufacturing of the vinyl acetate monomer is expected to hinder the market growth.

Market Opportunities

Growing demand for shale gas for production of vinyl acetate monomer’s raw materials is projected to offer potential growth opportunities. Crude oil is the basic material used in the manufacturing of ethylene. Ethylene is mainly produced through cracking of naphtha. However, with the use of shale gas the content of ethane in the vinyl acetate monomer stream is relatively high when compared to crude oil or naptha.

Various companies are investing heavily in developing advanced technology for improving catalyst and process technologies. This could bring new prospects to the market in the near future. The goal of developing advanced technology for the production of the vinyl acetate monomer is to reduce the overall cost of the product and enhance the yields at a lower initial cost. Thus growing focus on the technological upgradations will favor the market growth. 

Figure 2. Global Vinyl Acetate Monomer Market– Opportunity Analysis

Vinyl Acetate Monomer  | Coherent Market Insights

Market Trends/Key Takeaways

Increasing focus of the manufacturer on production capacity by establishing new plants is one of the current trends in the market. For instance, in February 2019, INEOS invested £150 million in Hull to construct a new Vinyl Acetate Monomer (VAM) plant. The capacity at the site is expected to produce 300,000 metric tons per year (m.t./yr). The new plants help in strengthen U.K. manufacturing of the product and also exports from the U.K. to Europe and the rest of the world.

Supply agreement of catalysts between manufacturers for business expansion is a growing trend in the market. For instance, in July 2020, KBR entered into partnership with Shenghong Refining Petrochemical (Lianyungang) Co. Ltd., China. Where KBR will supply proprietary catalyst for a Shenghong’s grassroot 300 KTA Vinyl Acetate Monomer (VAM). The unit represents the first commercial VAM technology license and engineering contract under an alliance agreement between KBR and Showa Denko K.K. (SDK).

Figure 3. Global Vinyl Acetate Monomer Market Share (%) in terms of Value, By Application, in 2019

Vinyl Acetate Monomer  | Coherent Market Insights

On the basis of application in 2019, polyvinyl acetate segment has accounted the largest market share of 45.2% in terms of value, followed polyvinyl alcohol and ethylene-vinyl acetate segment respectively

Global Vinyl Acetate Monomer Market - Impact of Coronavirus (Covid-19) Pandemic

The demand for vinyl acetate monomer market is expected to decrease over the forecast period owing to decline in the polymer and paints & coatings industry. In addition, over 80% of the textile and garment micro garment industries has shut its manufacturing due to the pandemic situation.

Value Chain Analysis

Vinyl Acetate Monomer  | Coherent Market Insights

Competitive Section:

Company Names 

  1. Celanese Corporation 
  2. Dairen Chemical Corporation 
  3. Japan VAM & POVAL Co. Ltd.
  4. Kuraray Co. Ltd.
  5. LyondellBasell Industries 
  6. Ningxia Yinglite Chemical Co., Ltd.
  7. China Petroleum & Chemical Corporation (Sinopec Corp.)
  8. The Dow Chemical Company 
  9. Wacker Chemie AG

Few Recent Developments

In May 2019, Celanese has signed a memorandum of understanding (MoU) to supply vinyl acetate monomer (VAM) to China-based Anhui Wanwei Group. The MoU is a long-term commercial agreement for the supply of Celanese’s green technology-based, ethylene-based VAM to Wanwei from its chemical industrial facility in Nanjing, China.

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

Market Dynamics

The growing use of vinyl acetate monomer for the production of polyvinyl alcohol which is further used across packaging films, photosensitive coatings and thickeners is augmenting market growth. Adhesives are widely used across paints and coatings, construction, laminates, paper, and textiles for bonding applications due to their excellent adhesion properties to substrates such as ceramics, metals, paper, and wood. Hence, the growing demand for adhesives from various end-user industries are propelling the market growth of the vinyl acetate monomer.

Various companies are investing heavily in developing advanced technology for improving catalyst and process technologies. This could bring new prospects to the market in the near future. The goal of developing advanced technology for the production of the vinyl acetate monomer is to reduce the overall cost of the product and enhance the yields at a lower initial cost. Thus growing focus on the technological upgradations will favor the market growth. 

Key features of the study:

  • This report provides in-depth analysis of the global vinyl acetate monomer market and provides market size (US$ Million & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on global vinyl acetate monomer    market.
  • It profiles key players in the global vinyl acetate monomer  market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study Celanese Corporation, Dairen Chemical Corporation, Japan VAM & POVAL Co. Ltd., Kuraray Co. Ltd., Lyondell Basell Industries, Ningxia Yinglite Chemical Co., Ltd., China Petroleum & Chemical Corporation (Sinopec Corp.), The Dow Chemical Company, Wacker Chemie AG
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global vinyl acetate monomer  market report caters to various stakeholders in this industry including investors, suppliers, global vinyl acetate monomer  manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vinyl acetate monomer  market

Detailed Segmentation:

  • Global Vinyl Acetate Monomer Market , By Application:
    • Polyvinyl Acetate (PVAc)
    • Polyvinyl Alcohol (PVOH or PVA)
    • Ethylene-Vinyl Acetate (EVA)
    • Ethylene-Vinyl Alcohol (EVOH)
    • Others
  • Global Vinyl Acetate Monomer Market , By Region:
    • North America
      • U.S.
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • Canada
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
    • Europe
      • U.K.
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • Germany
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • France
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • Italy
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • Spain
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • Russia
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • Rest of Europe
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
    • Asia Pacific
      • China
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • India
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • Japan
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • ASEAN
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • Australia
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • South Korea
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • Rest of Asia Pacific
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
    • Latin America
      • Brazil
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • Mexico
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • Rest of Latin America
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
    • Middle East & Africa
      • Middle East
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
      • Africa
        • By Application:
          • Polyvinyl Acetate (PVAc)
          • Polyvinyl Alcohol (PVOH or PVA)
          • Ethylene-Vinyl Acetate (EVA)
          • Ethylene-Vinyl Alcohol (EVOH)
          • Others
  • Company Profiles
    • Celanese Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Dairen Chemical Corporation 
    • Japan VAM & POVAL Co. Ltd.
    • Kuraray Co. Ltd.
    • LyondellBasell Industries 
    • Ningxia Yinglite Chemical Co., Ltd.
    • China Petroleum & Chemical Corporation (Sinopec Corp.)
    • The Dow Chemical Company 
    • Wacker Chemie AG

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Vinyl Acetate Monomer  Market– Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact Analysis, By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East
      • Africa
  5. Global Vinyl Acetate Monomer  Market , By Application, 2017 - 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Polyvinyl Acetate (PAVc)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Polyvinyl Alcohol (PVOH or PVA)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Ethylene-Vinyl Acetate (EVA)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Ethylene-Vinyl Alcohol (EVOH)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
  6. Global Vinyl Acetate Monomer  Market , By Region, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Sub-Region, 2020 – 2027 (%)
        • Middle East
          • Sub-region Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Africa
          • Sub-region Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Celanese Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Dairen Chemical Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Japan VAM & POVAL Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Kuraray Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • LyondellBasell Industries
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Ningxia Yinglite Chemical Corporation (Sinopec Corp.)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Dow Chemical Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Wacker Chemie AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for vinyl acetate monomer is estimated to surpass US$ 12,621.1 million by 2027, exhibiting a CAGR of 4.5% between 2020 and 2027.
High demand for adhesives from various end-user industries is predominantly fueling the market growth of the vinyl acetate monomer.
The vinyl acetate monomer market is expected to exhibit a CAGR of 4.5% during the forecast period (2020-2027).
Major players operating in the global vinyl acetate monomer market includes Celanese Corporation, Dairen Chemical Corporation, Japan VAM & POVAL Co. Ltd., Kuraray Co. Ltd., Lyondell Basell Industries, Ningxia Yinglite Chemical Co., Ltd., China Petroleum & Chemical Corporation (Sinopec Corp.), The Dow Chemical Company, Wacker Chemie AG
Lack of technological process for the manufacturing of the vinyl acetate monomer is expected to hinder the market growth.
Increasing focus of the manufacturer on production capacity by establishing new plants is one of the current trends in the market.
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