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Global Vinyl Acetate Monomer Market 2023 Industry Size, Production Analysis, Demand And Forecast To 2032 | Major Players Are The Dow Chemical Company, Wacker Chemie AG, Kuraray Co.Ltd., Sinopec Corp, LyondellBasell Industries N.V
Vinyl Acetate Monomer Market
The Business Research Company's Vinyl Acetate Monomer Global Market Report 2023 identifies growing construction industry as the major driver for the Vinyl Acetate Monomer Market's growth in the forecast period. The construction industry refers to the sector of the economy that is involved in the planning, design, construction, and maintenance of physical structures and infrastructure. It encompasses a wide range of activities and disciplines related to the development of buildings, roads, bridges, dams, utilities, and other types of construction projects. Vinyl acetate monomer (VAM) is used in the construction industry primarily as a key component in the production of adhesives and coatings. It is a versatile ingredient in the construction industry, contributing to the development of strong, durable, and high-performance adhesives, sealants, and coatings used in various construction applications. So these factors boost the vinyl acetate monomer market.
The global vinyl acetate monomer market size is expected to grow from $8.62 billion in 2022 to $9.14 billion in 2023 at a compound annual growth rate (CAGR) of 6.04%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global vinyl acetate monomer market size is expected to reach $11.16 billion in 2027 at a CAGR of 5.13%.
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Major competitors in the vinyl acetate monomer market are 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 (Sipchem), Dairen Chemical Corporation, Solventis Ltd., DuPont de Nemours Inc., Chang Chun Group, Innospec Inc., Exxon Mobil Corporation, Arkema S.A., and Lotte BP Chemical Co. Ltd.
A key trend in the Vinyl Acetate Monomer Market includes New plant installations. Major companies investing in the vinyl acetate monomer market are developing vinyl acetate monomer products and materials to sustain their position in the market. For instance, in October 2022, Asian Paints Ltd., an India-based paint company, invested $32.1 million to set up a manufacturing facility for vinyl acetate ethylene emulsion and vinyl acetate monomer. The factory will be able to produce 100,000 tons of vinyl acetate monomer (VAM) and 150,000 tons of vinyl acetate ethylene emulsion (VAE) annually. And to establish a joint venture in Fujairah, United Arab Emirates, the business has also entered into a deal with Riddhi Siddhi Crusher & Land Transport, Fujair, UAE, and Associated Soap Stone Distributing, among others, with an investment of over $6.7 million over the next two years.
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The Vinyl Acetate Monomer Market is segmented -
By Application: Polyvinyl Alcohol (PVOH), Polyvinyl Acetate (PVA), Ethylene-Vinyl Acetate (EVA), Vinyl Acetate Ethylene (VAE), Ethylene-Vinyl Alcohol (EVOH), Other Applications
By End-User: Packaging, Construction, Textile, Cosmetics, Other End-User Industries
By Sales Channel: Direct Sale, Indirect Sale
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Vinyl Acetate Monomer Market.
The Business Research Company's "Global Vinyl Acetate Monomer Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Vinyl Acetate Monomer Market Include:
1. Executive Summary
2. Vinyl Acetate Monomer Market Characteristics
3. Vinyl Acetate Monomer Market Trends And Strategies
4. Vinyl Acetate Monomer Market - Macro Economic Scenario
5. Vinyl Acetate Monomer Market Size And Growth
……
26. Africa Vinyl Acetate Monomer Market
27. Vinyl Acetate Monomer Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vinyl Acetate Monomer Market
29. Vinyl Acetate Monomer Market Future Outlook and Potential Analysis
30. Appendix
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