Vinyl Acetate Monomer (VAM) Market Size By Application (Polyvinyl Alcohol, Polyvinyl Acetate, Ethylene Vinyl Acetate, Vinyl Acetate Ethylene, Ethylene Vinyl Alcohol), By End User (Packaging, Construction, Textile, Cosmetic), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: Mar 2018  |  Report ID: GMI2474  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 300   |   Base Year: 2016




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Vinyl Acetate Monomer (VAM) Market size was valued over USD 7 billion in 2016, and the industry will grow at a CAGR of 4.6% by 2024. Rising demand for paints & coatings in construction sector, surge in demand for packaging application and increasing investments in infrastructure and building activities will enhance the industry size over the forecast timeframe.
 

Vinyl Acetate Monomer Market Outlook

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Vinyl acetate is a clear colorless liquid which is slightly soluble in water, act as an intermediate for making innumerable polymers and resins for coatings, textiles, adhesives, paints, etc. It polymerizes when heated or contaminated. This intermediary compound is predominantly used to manufacture polyvinyl acetate which has better bonding properties with various substrates like paper, plastic films, metals and wood. Further other application of polyvinyl acetate includes paper coatings and industrial coatings.
 

Polyvinyl alcohol is the most comprehensive consumer of vinyl acetate. Major application of polyvinyl alcohol comprises of textiles, packaging films, adhesives, photosensitive coatings and thickeners. In addition, polyvinyl alcohol is used for manufacturing polyvinyl butyral (PVB), this resin has strong adhesion properties as well as toughness and clarity. PVB is primitively used for producing laminated glass of automobiles and buildings providing transparent and protective layers to glass.
 

The paint and coating sector consumes immense volume of vinyl acetate monomers and its consumption proportion is substantially rising due to high demand from various end-user industry like construction, packaging etc. Growing constructions activities in developed and developing countries to establish better infrastructure facilities is accelerating the vinyl acetate monomer market demand. Further government investment in Asia Pacific countries like India and China is fueling paint & coating industry. Automobile sector is growing at phenomenal pace owing to rising consumer demand from Asia Pacific and government initiatives to bring in foreign investment in the industry.
 

Changing consumer lifestyle has led to increase in the consumption of packaged food product which had entailed the demand for protective packaging. Packaging materials are exponentially used in food service industry andincreasing application of these packaging materials in quick service restaurants and fast food outlets is favoring the vinyl acetate monomer market value.
 

Developing economies are perceiving prominent growth in the consumption percentage of personal care and hygiene products which in turn is accelerating the demand for carton packaging. Thus, demand for packaging application in various end-user industries is instrumental in driving the global vinyl acetate monomer market over the forecast period.
 

The market is restrained by adverse health impact on inhalation of vinyl acetate monomers causing eye irritation and respiratory tract irritation. Volatility in raw material prices such as ethylene acid may hamper the vinyl acetate monomer market trends over the forecast spell. In addition, stringent government regulation implemented on vinyl acetate such OSHA, EPA and FDA for controlling air, environment pollution and preventing the contact of food from harmful contamination respectively will negatively impact the market growth.
 

Market, By Application

Vinyl Acetate Monomer Market by Application

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Polyvinyl Alcohol segment leads the global market with a CAGR of 5.0%. The segment is driven by usage of polyvinyl alcohol in production of PVB resin which have wide application in laminated glass cast-off for automotive and commercial building. Furthermore, its consumption in textiles sector will drive the growth on the vinyl acetate monomer market in forecast period.
 

Polyvinyl Acetate application is the one significant consumer of vinyl acetate monomer market which is expected to surpass USD 2.5 billion in coming years. The application demand is projected to grow over the forecast period due to rising application in adhesives and coatings. Increasing construction activities throughout the world is surging the demand for PVA by 2024.
 

Market, By End User

On the basis of end user, the market is segmented into packaging, construction, Cosmetic and textile and others end user industries. Construction application segment is growing significantly at a CAGR of 4.9% while packaging application owns potential share of global vinyl acetate monomer market. Steady growth in construction activities is inducing higher returns whereas ongoing trend of consuming ready to eat meals and fast foods is positively impacting the market over projected timeframe.
 

Consumption of vinyl acetate in textile industry is held the third-largest market share, in terms of both volume, and revenue throughout the projected timeframe. Vinyl acetate monomer market analysis is anticipated to grow over the years with increasing focus on fashionable & trendy clothing and home furnishing material.
 

Market, By Region

Asia Pacific is growing at remarkable pace owing to increasing application in several industry verticals. The market is projected to grow significantly at a CAGR of 5.2% and will dominate with significant share in the global market. Government initiatives and investments toward industrialization in China and India are driving the vinyl acetate monomer market. Further government compliance to bring in foreign direct investment for automobile and construction sector will apparently generate higher opportunities for the market. Several companies are expanding their production facilities in Asia Pacific. For instance, Wacker Chemie had expanded their vinyl acetate production facilities in china and opened new factories in South Korea to meet the growing demand across the globe.
 

Competitive Market Share

Few of the leading players in vinyl acetate monomer industry are The Dow Chemical Company, Wacker Chemie, Celanese Corporation, KURARAY CO., LTD., Sipchem, NINGXIA YINGLITE CHEMICAL CO., LTD, Ineospec Inc, Exxon Mobil Corporation, Sinopec Group, Arkema and LyondellBasell among others. Companies of this market are following several strategies to strengthen their market position. For instance, few renowned companies like Celanese Corporation which had opened new production plant in Singapore and expanded their production capacity to South Korea to cater to growing demand of vinyl acetate across the globe in various industries.
 

Industry Background 

Vinyl acetate monomer is obtained from raw material such as ethylene and acetic acid. Increase in price of ethylene is consequently rising the cost of vinyl acetate monomer due to which several companies like The Dow Chemical Company, Wacker Chemie, Celanese Corporation, etc. had hiked their product value. Ongoing vinyl acetate monomer market demand from the emerging countries of the Asia Pacific and advanced economies of the Middle East are compelling the producer to expand their production capacity and exports to North America and Europe.
 

Growing consumption of polyvinyl acetate and polyvinyl alcohol in several end-user industries is positively influencing the vinyl acetate market. Moreover, construction activities in the Middle East region will further drive the VAM market till the end of the forecast period. The government regulations implemented to protect environment and human health might act as a significant restrain for global market.
 

The vinyl acetate monomer market report includes in-depth coverage of the industry with estimates & forecasts regarding volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:

By Application

  • Polyvinyl Alcohol
    • Packaging
    • Construction
    • Textile
    • Cosmetic
    • Others
  • Polyvinyl Acetate
    • Packaging
    • Construction
    • Textile
    • Cosmetic
    • Others
  • Ethylene-Vinyl Acetate
    • Packaging
    • Construction
    • Textile
    • Cosmetic
    • Others
  • Vinyl Acetate Ethylene
    • Packaging
    • Construction
    • Textile
    • Cosmetic
    • Others
  • Ethylene-Vinyl Alcohol
    • Packaging
    • Construction
    • Textile
    • Cosmetic
    • Others
  • Others
    • Packaging
    • Construction
    • Textile
    • Cosmetic
    • Others

Market by End User

  • Packaging
  • Construction
  • Textile
  • Cosmetic
  • Others

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • Saudi Arabia
    • South Africa
    • UAE

 

Frequently Asked Questions (FAQ) :

According to the report published by Global Market Insights, Inc., the VAM market is supposed to attain $10 billion (USD) by 2024.
Rising demand for paints & coatings in construction sector, surge in demand for packaging application and increasing investment in infrastructure and building activities are the key factors expected to drive the growth of global market.
The Dow Chemical Company, Wacker Chemie, Celanese Corporation, KURARAY Co. Ltd., Sipchem, NINGXIA YINGLITE CHEMICAL Co. Ltd, Ineospec Inc., Exxon Mobil Corporation, Sinopec Group, Arkema, LyondellBasell are some of the top industry participants.
Based on the application, the polyvinyl alcohol segment led the global market in 2016 and is projected to record a remarkable growth rate throughout the forecast period.

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