The market research report, entitled Vinyl Acetate Monomer Market shows good possibilities in the Vinyl Acetate Monomer Market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges, and key players in the market.

Global Vinyl Acetate Monomer Market Forecast:

The vinyl acetate monomer market was estimated at USD 8.54 billion in 2022 and is likely to grow at a CAGR of 4.58% during 2023-2028 to reach USD 11.21 billion in 2028.

What is a vinyl acetate monomer?

Vinyl acetate monomer is a vital industrial monomer that is widely used to produce different polymers like polyvinyl acetate, polyvinyl alcohol, homopolymers, copolymers, etc. that finds applications in adhesives, films, and more.

COVID-19 IMPACT

The vinyl acetate monomer market was severely disrupted by the Covid-19 pandemic. Major factors for this are lockdowns, restrictions on international trade, supply chain disruptions, shutting down of industries, and halting of construction or textile industries. The market for vinyl acetate monomer and its products was severely impacted as the end-use industry consumption was reduced during the pandemic.

Market Dynamics

The market dynamics of vinyl acetate monomer (VAM) are influenced by various factors that drive its demand and supply. Here are some key market dynamics -

• Rising constructions – The demand for vinyl acetate monomers is growing rapidly due to the rising infrastructure spending in emerging regions like Latin America, and Asia Pacific. Vinyl acetate monomers are also used in the manufacture of paints, coatings, adhesives and binders, films, wire and cable, inks, concrete additives, etc. which are vital for any construction. 
• Increasing shale gas explorations – Vinyl acetate is one of the most important monomers widely used for shale gas exploration. Shale gas production has been rapidly rising owing to growing oil and gas requirements across the globe. In the United States, Shale gas production has increased by 4% (4.9 billion cubic feet per day [Bcf/d]) in 2022, averaging 119 Bcf/d. The U.S. Energy Information Administration - EIA expects natural gas production to rise to 42.1 trillion cubic feet (Tcf) by 2050. With such huge production and explorations, the demand for vinyl acetate monomers will grow substantially, driving the global market for vinyl acetate monomers in the near future.

Some linchpins in the market are:

• 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.

Vinyl Acetate Monomer Market Segmentation:

The report segments based on demographics, geographics, benefits, and volume, etc, have different driving factors and identify the most-attractive segments and sub-segments. Vinyl Acetate Monomer Market segmentation will not only help marketers to be more efficient in terms of time, money, and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.

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 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.

Based on the end-user type, the market is segmented as packaging, construction, textile, cosmetics, 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 to interline for superior body handles.

In terms of regions, Europe is anticipated to be the leading region in the market owing to the favorable regulatory environment in the region during the forecast period. Further, the presence of a large number of cosmetics & toiletries, electronics, and packaging product manufacturers, growing awareness regarding nutritional and organic food items, and the rising food & beverage industry led 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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Stratview Research

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