What Does the Historical and Current Vinyl Acetate Monomer Market Size Trend Indicate?
The vinyl acetate monomer market has seen considerable growth due to a variety of factors.
•In recent times, the vinyl acetate monomer market has experienced consistent growth. Its size is projected to increase from $9.6 billion in 2024 to $10.05 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.7%.
This increase during the historical period is due to factors such as growth in the construction sector, expansion of the packaging industry, usage in textile and nonwoven applications, uplift in consumer goods production, and a surge in demand for paints and coatings.
How Will the Vinyl Acetate Monomer Market Size Evolve over the Forecast Period?
The vinyl acetate monomer market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the vinyl acetate monomer market is anticipated to witness robust growth, projecting to hit a valuation of "$12.79 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.2%.
The projected growth during the forecast period is tied to factors like urbanization and infrastructure evolution, progress in packaging materials, a shift towards sustainable and eco-conscious products, expansion within the automotive industry, and tech advancements in the textile industry. Key trends during the forecast period encompass improved formulations for food packaging, a focus on broadening the Asia-Pacific market, usage in photovoltaic encapsulation, transition to water-based adhesives, and innovation in packaging tactics.
Which Factors Are Boosting Growth In The Vinyl Acetate Monomer Market?
The expansion of the construction sector is projected to drive the growth of the vinyl acetate monomer market. The term "construction industry" describes the economic sector engaged in the planning, designing, construction, and maintenance of physical structures and infrastructure. It incorporates a broad spectrum of activities and disciplines connected with the creation of structures, roads, bridges, dams, utilities, and other construction-related projects. The construction industry mainly uses Vinyl acetate monomer (VAM) as a principal element in the creation of adhesives and coatings. VAM is a highly adaptable component in the construction industry, contributing to the creation of resilient, lasting, and high-performance adhesives, sealants, and coatings in a variety of construction uses. These aspects enhance the vinyl acetate monomer market. For instance, the United States Census Bureau, a government agency of the U.S., reported in May 2023 that construction expenditure rose from $1,768.2 billion in March 2022 to $1,834.7 billion in March 2023, marking a 3.8 percent rise in construction spending. Thus, the vinyl acetate monomer market is accelerated by the expanding construction industry.
What Key Areas Define The Segmentation Of The Global Vinyl Acetate Monomer Market?
The vinyl acetate monomer market covered in this report is segmented –
1) By Application: Polyvinyl Alcohol (PVOH), Polyvinyl Acetate (PVA), Ethylene-Vinyl Acetate (EVA), Vinyl Acetate Ethylene (VAE), Ethylene-Vinyl Alcohol (EVOH), Other Applications
2) By End-User: Packaging, Construction, Textile, Cosmetics, Other End-User Industries
3) By Sales Channel: Direct Sale, Indirect Sale
Subsegments:
1) By Polyvinyl Alcohol (PVOH): Industrial Adhesives, Paper Coatings, Textiles
2) By Polyvinyl Acetate (PVA): Wood Adhesives, Paints And Coatings, Films
3) By Ethylene-Vinyl Acetate (EVA): Packaging Materials, Automotive Applications, Footwear
4) By Vinyl Acetate Ethylene (VAE): Paints And Coatings, Adhesives, Construction Materials
5) By Ethylene-Vinyl Alcohol (EVOH): Food Packaging, Barrier Films, Bottles
6) By Other Applications: Sealants, Inks, Pharmaceuticals
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How Are Emerging Trends Reshaping The Dynamics Of The Vinyl Acetate Monomer Market?
The latest trend sweeping the vinyl acetate monomer market is the installation of new plants. Leading companies in this market segment are focusing on creating more products and materials from vinyl acetate monomer to solidify their standing in the industry. For example, Asian Paints Ltd., a paint organization based in India, invested $32.1 million in October 2022 to establish a manufacturing plant for vinyl acetate ethylene emulsion and vinyl acetate monomer. This facility will have the capacity to produce 100,000 tons of VAM and 150,000 tons of VAE annually. Additionally, in a strategic move to embark on a joint venture in Fujairah, UAE, the company secured a deal with Riddhi Siddhi Crusher & Land Transport, Fujair, UAE and Associated Soap Stone Distributing, committing an investment of over $6.7 million for the subsequent two years.
Who Are the Key Players in the Vinyl Acetate Monomer Market?
Major companies operating in the vinyl acetate monomer market include:
• The Dow Chemical Company
• Wacker Chemie AG
• Kuraray Co. Ltd.
• Sinopec Corp.
• LyondellBasell Industries N.V.
• Japan Vam And Poval Co. Ltd.
• Saudi International Petrochemical Company
• Dairen Chemical Corporation
• Solventis Ltd.
• DuPont de Nemours Inc.
• Chang Chun Group
• Innospec Inc.
• Exxon Mobil Corporation
• Arkema S.A.
• Lotte BP Chemical Co. Ltd.
• LANXESS AG
• Celanese Corporation
• China Petrochemical Corporation
• Braskem SA
• Borealis AG
• Mitsui Chemicals Inc.
• Sumitomo Chemical Co. Ltd.
• Hanwha Chemical Corp.
• Versalis S.p.A.
• LG Chem Ltd.
• Formosa Plastics Corporation
• BASF SE
• Tosoh Corporation
• UBE Industries Ltd.
• Reliance Industries Limited
What Is The Most Dominant Region In The Vinyl Acetate Monomer Market?
Asia-Pacific was the largest region in the vinyl acetate monomer market in 2024. The regions covered in the vinyl acetate monomer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
