According to Fact.MR, a market research and competitive intelligence firm, the global Vinyl Acetate Monomers Market is valued at approximately $8.8 billion and is expected to expand at a compound annual growth rate (CAGR) of 4.7% until 2032. This growth is largely driven by the increasing use of VAM in the construction industry.
Vinyl acetate monomers are crucial for the production of emulsion polymers, resins, and intermediates, which are widely used in paints and coatings. The surging global demand for these paints and coatings is the primary factor fueling the growth of the VAM market.
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Setting up a manufacturing plant in a high-growth market such as India can create lucrative opportunities for manufacturers, where demand for applications such as paints & coatings, construction materials, and adhesives & sealants is increasing from end-use industries such as construction and packaging. Also, manufacturing plants in such areas can help reduce product prices and increase product margins.
Why is Demand for Polyvinyl Acetate Rapidly Increasing?
Vinyl acetate monomers are used in applications such as polyvinyl alcohol, polyvinyl acetate-ethylene vinyl alcohol, ethylene vinyl acetate, etc. These find several uses in end-use industries such as construction, packaging, textiles, and cosmetics. Out of these applications, polyvinyl acetate monomers hold the highest market share in the global vinyl acetate monomers market.
Polyvinyl acetate has high chemical thermal stability and low cost, which makes it suitable for use in the construction, paper, and packaging industries. Polyvinyl acetate has resistance to attack by microorganisms. Because of this property polyvinyl acetate has replaced natural adhesives made from hide and casein.
The polyvinyl acetate segment is predicted to expand at 4.7% CAGR over the 2022-2032 study period.
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Key Segments Covered in the Vinyl Acetate Monomers Industry Survey
- By Purity :
- 99% & Above
- <99%
- By Application :
- Polyvinyl Alcohol
- Polyvinyl Acetate
- Ethylene Vinyl Acetate
- Ethylene Vinyl Alcohol
- By End-use Industry :
- Packaging
- Construction
- Textiles
- Cosmetics
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Market Development:
In recent years, leading manufacturers such as LyondellBasell Industries, Dow Chemicals, and Celanese Corporation have significantly increased their production capacities of vinyl acetate monomers to meet the growing demand from end-use industries such as construction, packaging, textiles, and cosmetics.
Developing economies of Asia Pacific such as China and India have created high demand for packaging applications for food & beverages and e-Commerce. Manufacturers of vinyl acetate monomers can look to set up manufacturing plants in these countries to meet the growing demand for various applications.
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Key players in the Vinyl Acetate Monomers Market:
- LyondellBasell Industries
- Celanese Corporation
- The Dow Chemicals
- Lotte Chemical Corporation
- Royal Dutch Shell
- ShinEtsu
- Wacker Chemie AG
- Dairen Chemical Corp
- Kuraray Co. Ltd.
- Sipchem
Key Takeaways from Vinyl Acetate Monomers Market Study:
- The global vinyl acetate monomers market is projected to expand at a CAGR of 4.7% and reach US$ 13.9 billion by 2032.
- Worldwide sales of vinyl acetate monomers increased at 3.1% CAGR between 2017 and 2021.
- Under application, polyvinyl acetate dominates the market with 42.6% share.
- The construction industry dominates the demand for vinyl acetate monomers with 39.8% market share.
- East Asia leads the global market with 26.9% share in 2021.
- Demand for vinyl acetate monomers is expected to increase at CAGRs of 5.1% and 4.6%, respectively, in South Asia & Oceania and Europe.
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