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Vinyl Acetate Monomer Market Surges With Construction Industry Growth: Key Factor Driving The Growth In The Vinyl Acetate Monomer Market
Vinyl Acetate Monomer
What Is the Expected Vinyl Acetate Monomer Market Size During the Forecast Period?
The Vinyl Acetate Monomer Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Vinyl Acetate Monomer Market Size During the Forecast Period?
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What Are the High-Growth Segments in the Vinyl Acetate Monomer Market?
The vinyl acetate monomer market covered in this report is segmented -
1) By Application: Polyvinyl Alcohol (PVOH), Polyvinyl Acetate (PVA), Ethylene-Vinyl Acetate (EVA), Vinyl Acetate Ethylene (VAE), Ethylene-Vinyl Alcohol (EVOH), Other Applications
2) By End-User: Packaging, Construction, Textile, Cosmetics, Other End-User Industries
3) By Sales Channel: Direct Sale, Indirect Sale
Subsegments:
1) By Polyvinyl Alcohol (PVOH): Industrial Adhesives, Paper Coatings, Textiles
2) By Polyvinyl Acetate (PVA): Wood Adhesives, Paints And Coatings, Films
3) By Ethylene-Vinyl Acetate (EVA): Packaging Materials, Automotive Applications, Footwear
4) By Vinyl Acetate Ethylene (VAE): Paints And Coatings, Adhesives, Construction Materials
5) By Ethylene-Vinyl Alcohol (EVOH): Food Packaging, Barrier Films, Bottles
6) By Other Applications: Sealants, Inks, Pharmaceuticals
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What Key Drivers Are Expected to Influence Future Vinyl Acetate Monomer Market Growth?
The expansion of the construction industry is anticipated to stimulate the vinyl acetate monomer market's growth. The construction industry encompasses the economic sector, which includes planning, designing, building, and preserving physical structures and infrastructure. This includes a variety of activities and disciplines involved in the creation of buildings, roads, bridges, dams, utilities, and other construction ventures. The construction industry predominantly uses Vinyl acetate monomer (VAM) as a crucial component in adhesive and coating manufacturing. It functions as an adaptable component in the construction industry, enhancing the creation of robust, long-lasting, and high-performing adhesives, sealants, and coatings for various construction uses. These elements, hence, amplify the vinyl acetate monomer market. As per the United States Census Bureau's report shared in May 2023, a US government agency, there was an increase in construction spending from $1,768.2 billion in March 2022 to $1,834.7 billion in March 2023, marking a 3.8 percent increase. Thus, the burgeoning construction industry fuels the vinyl acetate monomer market's growth.
Which Companies Hold the Largest Share Across Different Vinyl Acetate Monomer Market Segments?
Major companies operating in the vinyl acetate monomer market include 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, Dairen Chemical Corporation, Solventis Ltd., DuPont de Nemours Inc., Chang Chun Group, Innospec Inc., Exxon Mobil Corporation, Arkema S.A., Lotte BP Chemical Co. Ltd., LANXESS AG, Celanese Corporation, China Petrochemical Corporation, Braskem SA, Borealis AG, Mitsui Chemicals Inc., Sumitomo Chemical Co. Ltd., Hanwha Chemical Corp., Versalis S.p.A., LG Chem Ltd., Formosa Plastics Corporation, BASF SE, Tosoh Corporation, UBE Industries Ltd., Reliance Industries Limited
What Trends Are Driving Growth in The Vinyl Acetate Monomer Market?
Installation of new plants is a primary trend experiencing a rise in the vinyl acetate monomer market. Companies leaning heavily on this market are constantly innovating and producing materials and products made from vinyl acetate monomer in order to maintain their market standing. Case in point, Asian Paints Ltd., a paint company from India, reportedly sank $32.1 million in October 2022 to establish a manufacturing plant, specially for the mass production of vinyl acetate ethylene emulsion and vinyl acetate monomer. This plant will have a capacity of producing 100,000 tons of vinyl acetate monomer (VAM) coupled with 150,000 tons of vinyl acetate ethylene emulsion (VAE) on a yearly basis. Additionally, to penetrate the Fujairah market in the United Arab Emirates, it has also made arrangements with Riddhi Siddhi Crusher & Land Transport, Fujair, UAE, and Associated Soap Stone Distributing among others to launch a collaborative venture, pledging an investment of above $6.7 million in the forthcoming two years.
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What Are the Emerging Geographies for The Vinyl Acetate Monomer Market Growth?
Asia-Pacific was the largest region in the vinyl acetate monomer market in 2024. The regions covered in the vinyl acetate monomer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Vinyl Acetate Monomer Market?
2. What is the CAGR expected in the Vinyl Acetate Monomer Market?
3. What Are the Key Innovations Transforming the Vinyl Acetate Monomer Industry?
4. Which Region Is Leading the Vinyl Acetate Monomer Market?
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