Vinyl Acetate Monomer Market Demand Analysis from 2018 to 2023 | Global Business Opportunity | Top Competitors Insight | DowDuPont, KURARAY CO. LTD., Solventis, Sipchem, Arkema

Market Synopsis:

Vinyl Acetate Monomer (VAM) is also known as acetic acid ethenyl ester, acetic acid ethylene ether, acetoxyethene, 1-acetoxyethylene, ethenyl ethanoate, ethenyl acetate, and acetic acid vinyl ester. VAM is produced when ethylene and acetic acid react with oxygen in the presence of a palladium catalyst. VAM is widely used in the manufacturing of other chemicals such as polyvinyl alcohol, polyvinyl acetate, ethylene vinyl acetate, vinyl acetate ethylene, ethylene vinyl alcohol, vinyl chloride-vinyl acetate copolymers, and others. The product finds application in adhesives, paints and coatings, laminated automotive and commercial building glass, textiles, packaging, and others.

The growth of the global vinyl acetate monomer market is driven by the rapidly growing packaging industry across the globe. The increasing demand for packaged beverages and food products owing to convenience and improved product shelf is expected to propel market growth. With the introduction of multiple-layer barrier packaging technology, demand for the product is rising in the packaging industry.

Receive Sample Report @
https://www.marketresearchfuture.com/sample_request/6237

Market Segmentation:

The global Vinyl Acetate Monomer Market has been segmented by application, end-use industry, and region.

Based on application, the market has been segmented into polyvinyl acetate (PVA), polyvinyl alcohol (PVOH), ethylene vinyl acetate (EVA), vinyl acetate ethylene (VAE), ethylene vinyl alcohol (EVOH), vinyl chloride-vinyl acetate copolymers, polyvinyl formal, and others. Vinyl acetate monomer is mainly used in the manufacturing of polyvinyl acetate and polyvinyl alcohol. The PVOH segment accounted for the largest market share in 2017 due to the increasing demand from end-use industries such as packaging, textile, adhesives, and construction. The EVOH segment is expected to grow at the highest rate during the forecast period on account of the increasing use of EVOH as a barrier resin in food packaging, plastic bottles, and gasoline tanks.

Regional Analysis:

Based on region, the Vinyl Acetate Monomer Market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Globally, Asia-Pacific accounted for the largest share of the vinyl acetate monomer market on account of the rising demand for the product from major end-use industries such as packaging, construction, and textile.

North America is a prominent region for the vinyl acetate monomer market due to the growing flexible packaging industry with increasing consumption of packaged beverages and food products. Additionally, the growth of the apparel and textile industry with changing fashion trends and high per capita income of consumers is driving market growth further.

Top Global Competitors:

Some of the top competitors in the global Vinyl Acetate Monomer Market are; DowDuPont (US), Wacker Chemie AG (Germany), Celanese Corporation (US), KURARAY CO., LTD. (Japan), Solventis (UK), Sipchem (Saudi Arabia), Innospec (US), Exxon Mobil Corporation (US), Sinopec, China Petrochemical Corporation (China), Arkema (France), and LyondellBasell Industries N.V. (Netherlands).

Access Report in Detail @
https://www.marketresearchfuture.com/reports/vinyl-acetate-monomer-market-6237

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Market Research Future
Office No. 528, Amanora Chambers,
Pune- 411028
Email: sales@marketresearchfuture.com
+16468459312

This release was published on openPR.