Press release
Vinyl Acetate Monomer Market Growth Analysis On Top Key Players - Dow Chemical, NINGXIA YINGLITE CHEMICAL, Exxon Mobil, Celanese Corporation
Vinyl Acetate Monomer market will likely surpass USD 10 billion by 2024;
Vinyl acetate is an essential raw material for manufacturing polymers such as polyvinyl alcohol and polyvinyl acetate. Polyvinyl acetate has excellent bonding properties which makes it an ideal application for paper coatings while polyvinyl alcohol high tensile strength, flexibility and resistance to grease, solvents and oil makes it suitable application for photosensitive coatings, textiles, packaging, etc. Growing application of vinyl acetate monomer in consumer and industrial products is increasing the demand in several industrial verticals.
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The potential corporations involved in the market are LyondellBasell, Wacker Chemie, KURARAY CO., LTD, Dow Chemical, NINGXIA YINGLITE CHEMICAL, Exxon Mobil, Celanese Corporation, Ineospec Inc, Sinopec Group, Sipchem, among others.
Basic raw material required for manufacturing vinyl acetate monomer is acetic acid and ethylene. There are few technologies used for producing VAM such as gas phase which includes a method of reacting acetic acid, ethylene and oxygen in the presence of silica. Apart from this technology, fluidized bed reactor technology invented by John C. Kayser, is used to produce vinyl acetate monomer that claims better catalyst life.
Environmental regulation such as EPA may challenge market growth due to harmful health hazards of vinyl acetate monomer. Exposure of VAM can cause irritation to respiratory tract, skin and eyes, hence use of protective equipment while practicing with VAM is made mandatory by several government bodies like OSHA, NIOSH, etc.
Etheyelene vynily acetate have wide range of application in footwear, packaging, pharmaceutical, agriculture and others. It has excellent elasticity and toughness propertise, which finds prime application in hot melt adhesive. Vinyl acetate ethylene is growing moderately in projected timeframe, growing application of (VAE) emulsions in paint and coatings products is positively influencing the market.
Packaging segment is escalating at a remarkable pace in recent years and is predicted to grow during the forecat period. Due to shift in consumer eating habitat favoring packaged food products as well as growing number of working population worldwide is driving the packaging segment. Textile and cosmetics industry verticals have shown tremendous growth in past few years due to its excellent propertise such as stiffness and stabilizer respectively.
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Latin America is majorly dominated by Brazil, increasing usage of vinyl acetate in packaging, construction and textile industry is substantially growing the market over anticipated timeframe. North Amrica is driven by construction and textile indsutry, rising investment in construction industry as well as growing fashion trends in U.S is instrumental in influencing the growth of vinyl actate monomer market.
Textile industry is witnessing exponential growth in forecast timeframe owing to rising trend of fashion and clothing?s in Mexico, China, U.S. and India. Shift in consumer grooming habitat is favoring the fashionable apparels industry which will positively influence the vinyl acetate monomer application in textile industry. VAM is used as stiffening agent in textile industry, growing usage of textile material as raw material for manufacturing footwear, flame resistant fabric, handbag and accessories will substantially augment the demand for VAM.
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Related Report
Global Vinyl Acetate (VA) Monomer Industry Market Analysis & Forecast 2018-2023: Breakdown Data by Type, Application, and Top Manufacturers
Vinyl Acetate Monomer Market report of 2018 provides a detailed market overview as well as industry analysis for of companies, manufacturers and distributors covering data on gross margin, cost structure, consumption value, sale price and more.
https://www.marketstudyreport.com/reports/global-vinyl-acetate-va-monomer-industry-market-analysis-forecast-2018-2023-breakdown-data-by-type-application-and-top-manufacturers?utm_source=rr&utm_medium=DC
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