Press release
Vinyl Acetate Monomer Market Analysis 2018 to 2023: Leading Global Players – DowDuPont, Solventis, Exxon Mobil Corporation, Arkema, LyondellBasell Industries N.V., Sipchem, Wacker Chemie AG, Celanese Corporation
Market Overview: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.
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VAM consumption is increasing in the construction industry on account of rising residential and commercial infrastructure activities in both developed and developing regions. The increasing demand for adhesives and paints and coatings from major end-use industries such as automotive, construction, and packaging is also propelling market growth.
Some of the growth strategies adopted by the key players in the vinyl acetate monomer market include expansions, acquisitions, and new product launches. For instance, in 2017, Celanese Corporation, a US-based global technology and specialty materials company, expanded its production capacity of VAM in Clear Lake, Texas.
Intended Audience:
• Vinyl acetate monomer manufacturers
• Traders and distributors of vinyl acetate monomer
• Research and development institutes
• Potential investors
• Raw material suppliers
• Nationalized laboratories
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.
Based on end-use industry, the market has been segregated into packaging, construction, textile, adhesives, paints and coatings, automotive, cosmetics and personal care, and others.
Based on region, the vinyl acetate monomer market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Regional Analysis:
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.
Global Key Players:
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.
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