Vinyl Acetate Monomer Market to Hit 4.6% CAGR to 2024 | Industry Top Key Players Exxon Mobil Corporation, The Dow Chemical Company, Wacker Chemie, Celanese Corporation, Sipchem, Ineospec Inc, Sinopec Group

Market Study Report adds 2017-2024 Global Vinyl Acetate Monomer market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

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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Vinyl Acetate Monomer market will likely surpass USD 10 billion by 2024; according to a new research report. 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.

In the Asia Pacific, food, beverage and the dairy industry is witnessing huge growth from the past few years. High growth is due to rapid urbanization, industrialization, and increasing population. Primarily, demand for the packaged food products is predicted to rise, due to the increasing demand for ready to eat products in all the developing economies of the Asia Pacific. Along with packaged food products, beverage industry is also growing owing to high consumption of juice and other energy drinks by growing health conscious urban population in this region. According to the World Bank Data, the urban population in the Asia Pacific region is growing at a high rate. As the consumers are preferring healthier drinks, the demand for beverages as well as dairy products is growing. Further, due to the requirements of safe and nutritious healthy drinks the need for packaging is increasing, which will augment demand for vinyl acetate monomer application over the projected timeframe period.

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.

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.

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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.

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.

The vinyl acetate monomer market research report includes in-depth coverage of the industry with estimates & forecast regarding volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:

Vinyl Acetate Monomer Market Application by End user
• Polyvinyl Alcohol
• Packaging
• Construction
• Textile
• Cosmetic
• Others

Polyvinyl Acetate
• Packaging
• Construction
• Textile
• Cosmetic
• Others

Ethylene-Vinyl Acetate
• Packaging
• Construction
• Textile
• Cosmetic
• Others

Vinyl Acetate Ethylene
• Packaging
• Construction
• Textile
• Cosmetic
• Others

Ethylene-Vinyl Alcohol
• Packaging
• Construction
• Textile
• Cosmetic
• Others

Others
• Packaging
• Construction
• Textile
• Cosmetic
• Others

Vinyl Acetate Monomer Market by End User
• Packaging
• Construction
• Textile
• Cosmetic
• Others

Related Reports: -

2012-2022 Global Vinyl Acetate Monomer (VAM) Industry Report

This report is an essential reference for those who look for detailed information on global Vinyl Acetate Monomer (VAM) market. The report covers data on national, regional, and global markets including historical and future trends for supply, demand, prices, trading, competition as well as global major vendors' information.

https://www.marketstudyreport.com/reports/2012-2022-global-vinyl-acetate-monomer-vam-industry-report/?utm_source=RR-SP

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