Global Vinyl Acetate Monomer market is projected to grow at a CAGR of 4.02 % during the forecast period 2030. The growth is expected to be driven by increasing use of adhesives in construction, furniture, and paints & coatings industries coupled with rising demand for plastic packaging from various consumer and industrial goods manufacturing industries. Moreover, infrastructural development worldwide and increasing automotive production capacities, especially in developing economies, like India, China, Japan is anticipated to boost demand for Vinyl Acetate Monomer globally during the forecast period.
People across developed nations like USA and other European countries prefer packaged food which have huge potential for VAM market growth as VAM based packaging prevent food retardation, maintains quality hence prolong overall shelf-life of food products. These countries have reported noticeable shifts in their eating habits and preferences towards processed foods due to increasing working population and online ordering trend which subsequently spur the demand for VAM across expanding food industry globally. Also, VAM-based packaging is eco-friendly which further push its demand across various countries focussing on environmental concern.
In 2020, the outbreak of COVID-19 across the globe have put a halt in overall surging demand of VAM due to sharp fall in demand from end-user industries such as food, automotive and others. As people are focusing on home-made food amid COVID-19 to prevent any spread of disease. Also, due to majorly affected construction and automotive sector during the pandemic which utilizes VAM for multiple purposes viz., paints & coatings. This had an impact on the demand of Vinyl Acetate Monomer for the first half of 2020 which seems to recover during the end of the year across some countries.
Region wise, Asia pacific region holds the major share of global demand for Vinyl Acetate Monomer due to increasing construction activities and infrastructure investments following subsequent rise in population and per capita income across the countries including China, India and Japan.
Years Considered for this Report:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
Objective of the Study:
•The primary objective of the study was to evaluate and forecast the Vinyl Acetate Monomer capacity, production, demand, inventory, and demand–supply gap globally.
•To categorize Vinyl Acetate Monomer demand based on production process, application, and regional distribution.
•To identify major customers of Vinyl Acetate Monomer globally.
•To evaluate and forecast Vinyl Acetate Monomer pricing globally.
•To identify and profile major companies operating globally Vinyl Acetate Monomer market.
•To identify major news, deals and expansion plans globally Vinyl Acetate Monomer market.
Some of the major players operating in the global Vinyl Acetate Monomer market are Sinopec Corporation, Celanese Corporation, Dairen Chemical Corporation, Dairen Chemical Corporation, The Dow Chemical Company, Kuraray Co., LTD., Saudi International Petrochemical Company, Japan VAM & Poval Co., Ltd, Ningxia Younglight Chemicals Co Ltd, Wacker Chemie Ag, OOO Stavrolen, Anhui Wanwei Group Co., Ltd, and others.
To extract data for Global Vinyl Acetate Monomer market, primary research surveys were conducted with Vinyl Acetate Monomer manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Vinyl Acetate Monomer market over the coming years.
ChemAnalyst calculated Vinyl Acetate Monomer demand globally by analyzing the historical data and demand forecast which was carried out considering the end use industries growth. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience
•Vinyl Acetate Monomer manufacturers and other stakeholders
•Organizations, forums and alliances related to Vinyl Acetate Monomer distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Vinyl Acetate Monomer manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Report Scope:
In this report, the Global Vinyl Acetate Monomer market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Market, by Application
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PVOH, PVA, EVA and EVOH
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Market, by End User Industry
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Packaging, Construction, Textile, Cosmetic
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Market, by Region
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North America, APAC, Europe, MEA, South America
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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