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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.

Global vinyl acetate monomer market was valued at US$ 8848.20 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.9 % during the forecast period (2022 to 2030).

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 is further used across packaging films, photosensitive coatings and thickeners are augmenting market growth. Moreover, 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.

Vinyl acetate monomer (VAM) is an important intermediate used to make a number of polymers and resins. Vinyl acetate monomer is a crucial raw material used to make chemicals, which are then utilized to manufacture a wide range of consumer and industrial products. Based on application, the global vinyl acetate monomer market is segmented into polyvinyl acetate (PVA), polyvinyl alcohol (PVOH), ethylene-vinyl acetate (EVA), and others.

Figure 1. Global Vinyl Acetate Monomer Market Value Share (%), By Region, 2021

Vinyl Acetate Monomer  | Coherent Market Insights

Asia Pacific region dominated the global vinyl acetate monomer market 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. Moreover, 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: 2021 Market Size in 2021: US$ 8848.20 Mn
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 5.9% Forecast Period: 2022-2030
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., LyondellBasell 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
  • The growing use of vinyl acetate monomer for the production of polyvinyl alcohol 
Restraints & Challenges:
  • Lack of technological process for the manufacturing of the vinyl acetate monomer 

Market Trends

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 2. Global Vinyl Acetate Monomer Market Value Share (%), By Application, 2021

Vinyl Acetate Monomer  | Coherent Market Insights

On the basis of application, 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.

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.
  • In 2020, Asia Pacific held the largest revenue share of the global vinyl acetate monomer market. The rise in urbanization and the robust growth of the construction sectors in various countries of APAC offer ample opportunities for the players in the vinyl acetate monomer market.
  • In 2022, the growth of Vinyl Acetate Monomer Market is projected to reach Multimillion USD by 2029, In comparison to 2021, Over the next Seven years the Vinyl Acetate Monomer Market will register a magnificent spike in CAGR in terms of revenue, In this study, 2022 has been considered as the base year and 2022 to 2029 as the forecast period to estimate the market size for vinyl acetate monomer.

Competitive Section

Major players operating in the global vinyl acetate monomer market include, Celanese Corporation 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 

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 an 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 (2022-2030), considering 2021 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
  • 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.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • Middle East
      • Africa
  • 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

Frequently Asked Questions

Global vinyl acetate monomer market was valued at around US$ 8848.20 Million in 2021.
The market is estimated to grow at around 5.9% CAGR in the forecast period (2022-2030)
Increasing focus of the manufacturer on production capacity by establishing new plants is one of the current trends in the market.
Lack of technological process for the manufacturing of the vinyl acetate monomer is expected to hinder the market.
Major players operating in the market include, Celanese Corporation 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 

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