Vinyl Acetate Monomer (VAM) Market Size

Vinyl Acetate Monomer Market Size

Vinyl Acetate Monomer Market size was valued at USD 8.2 billion in 2021 and is expected to showcase considerable growth at a CAGR of 4.7% from 2022 to 2028 due to the growing demand for emulsions & adhesives owing to their increasing usage in the packaging and construction sectors. The industry size is anticipated to hit 9,366.8 Kilo Tons by 2028 in terms of volume with an anticipated CAGR of 4.5% through the forecast period.

Vinyl acetate monomer is a colorless chemical solution that is mostly used to manufacture various polymers and industrial solutions. It is an antecedent for polymers including Polyvinyl alcohol (PVOH), Polyvinyl Acetate (PVA), Ethylene-vinyl Acetate (EVA), and Vinyl Acetate Ethylene (VAE), and Ethylene-vinyl alcohol (EVOH). Vinyl monomer acetate is used in various end-use applications owing to its properties including high adhesiveness, fiber-forming ability, colorless, clear optical, and conductive properties.
 

As a result, vinyl acetate monomer is in high demand from end-use applications such as paints & coatings, printing & dyeing, lamination & paper coating, and electronics.
 

The construction industry is growing at a high rate around the globe, especially in developing & emerging economies such as China, India, Indonesia, Brazil, and some European countries. With changing lifestyles, people are increasingly preferring packaged food; thus, the packaged food industry is now booming. In addition, people are investing in the renovation and redecoration of households due to changes in lifestyles & people’s tastes and increasing disposable incomes in developed European economies and the U.S., further strengthening the vinyl acetate monomer market share.
 

High growth in the packaged food industry over the past few years resulted in the huge demand for VAM-based packaging materials from the food & beverages industry. In recent years, the food & beverages industry changed noticeably due to distinct changes in people’s eating patterns owing to fast-moving working populations around the world.
 

VAM-based packaging solutions prevent product retardation, maintain the beneficial effects of processing, increase shelf-life, and maintain food quality & safety. This expanding use of VAM in food packaging is set to drive the vinyl acetate monomer market growth in the coming years. Growth in the organized retail sector, the e-commerce industry, and consumer flexible packaging is set to stoke up the demand for products.
 

However, stringent government rules & regulations regarding production of vinyl acetate monomers due to its carcinogenicity & flammable nature will affect market growth. Environmental policies of governments and highly volatile raw material prices limit production to some extent.