The global Vinyl Acetate Monomer (VAM) demand stood at approximately 5500 thousand tonnes in 2021 and is expected to grow at a steady CAGR of 4.91% during the forecast period until 2030.
Increasing demand for packaging and construction materials coupled with the rise in the demand from other end-use industries such as textile and cosmetics is projected to drive the demand for Vinyl Acetate Monomer during the forecast period. Moreover, the increasing need for adhesive from the construction industry is also a factor propelling the demand for Vinyl Acetate Monomer. The global Vinyl Acetate Monomer (VAM) market will swell to reach approximately 8500 thousand tonnes by 2030.
Vinyl Acetate Monomer is a colorless organic monomer. It is produced by the acetylation of ethylene with acetic acid and oxygen. It finds application in the manufacturing numerous chemicals including polyvinyl alcohol, polyvinyl acetate, ethylene vinyl acetate, ethylene vinyl alcohol (EVOH). Out of these, the polyvinyl acetate segment holds the highest share of global demand for Vinyl Acetate Monomer. EVOH is a barrier resin used in food containers, plastic water bottles, fuel tanks, and thermoplastic elastomers, is one of the applications of VAM that is on the upswing. Vinyl Acetate Monomer has several properties like adhesion, optical clarity, fiber forming, etc. Due to these properties, it has several end-use industries including packaging, construction, textile, and cosmetics.
Based on region, Asia Pacific is dominating the global Vinyl Acetate Monomer (VAM) market all across the globe. In 2021, this region has consumed more than 60% of the global VAM market. The reason behind the high demand of VAM is mainly for construction and packaging purpose. Moreover, the increasing population and per capita income in emerging economies like India and China coupled with the growing number of industries using Vinyl Acetate Monomer is another factor influencing demand growth in the Asia Pacific region. Moreover, the USA is the leading producer of Vinyl Acetate Monomer followed by China.
Based on the end-user industry, the Vinyl Acetate Monomer (VAM) market is bifurcated into Packaging, Construction, Textile, Adhesives & Sealants, Paints & Coatings, and Others. Although, Packaging industry is leading industry and accounted approximately 30% of the share of total Vinyl Acetate Monomer (VAM) demand in 2021. This industry is anticipated to dominate the global Vinyl Acetate Monomer (VAM) market owing to the growing demand of ready-to-eat foods and fast foods with the increasing urbanization and dependance of people on such edibles in the forthcoming years.
Major players in the global Vinyl Acetate Monomer (VAM) market are Sinopec Sichaun Vinylon works, Sinopec Greatwall Energy, LyondellBasell Industries, Millenium Petorchemicals, DuPont, Lotte BP Chemical, Wacker-Chemei, JVP, and Stavrolen.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2030
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The objective of the Study:
•To assess the demand-supply scenario of Vinyl Acetate Monomer (VAM), which covers the production, demand, and supply of Vinyl Acetate Monomer (VAM) around the globe.
•To analyze and forecast the market size of Vinyl Acetate Monomer (VAM).
•To classify and forecast the Global Vinyl Acetate Monomer (VAM) market based on end-use and regional distribution.
•To examine global competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the Vinyl Acetate Monomer (VAM) market.
To extract data for the Global Vinyl Acetate Monomer (VAM) market, primary research surveys were conducted with Vinyl Acetate Monomer (VAM) manufacturers, suppliers, distributors, wholesalers, and Traders. 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 segments and projected a positive outlook for the Global Vinyl Acetate Monomer (VAM) market over the coming years.
ChemAnalyst calculated Vinyl Acetate Monomer (VAM) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Vinyl Acetate Monomer (VAM) across the globe. 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 (VAM) manufacturers and other stakeholders
• Organizations, forums and alliances related to Vinyl Acetate Monomer (VAM) 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 (VAM) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Vinyl Acetate Monomer (VAM) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2021
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5500 thousand tonnes
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Market size Volume by 2030
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8500 thousand tonnes
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Growth Rate
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CAGR of 4.91% from 2022 to 2030
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Base year for estimation
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2022
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Historic Data
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2015 – 2021
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Forecast period
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2023 – 2030
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Quantitative units
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Demand in thousand tonnes and CAGR from 2022 to 2030
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Report coverage
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Capacity By Company, Capacity by Location, Capacity by Process, Capacity by Technology, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
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Segments covered
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By End-Use: (Packaging, Construction, Textile, Adhesives & Sealants, Paints & Coatings, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com