Global Vinyl Acetate Monomer Market Size & Share To Exceed USD 12.51 Billion By 2027

July 18, 2024

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The packaging segment has the most significant market share in the global Vinyl Acetate Monomer market end-user wise.

As per the report published by Fior Markets, The global vinyl acetate monomer market is expected to grow from USD 8.36 billion in 2019 to USD 12.51 billion by 2027, at a CAGR of 3.8% during the forecast period 2020-2027. Asia-Pacific stands as the leading market region wise. The region already has very high population density and the increasing demand for the packaging materials, adhesives, coatings, and paints growth of end-user industries are the driving factors for the Asia-Pacific region being the dominant player in the global VAM market. North-America is the emerging market and is growing at a rapid pace due to its already established automobile and packing industry.

To increase their market share and serve the growing demand from the Asia Pacific region firms are focussing on increasing their production capacities with the implementation of new innovative production techniques.

Vinyl acetate monomer is the acetate ester of vinyl alcohol. It is an industrial chemical produced in large quantities, and it is used to make other industrial chemicals. VAM (Vinyl acetate monomer) is a key intermediate which is used in the making of various polymers and resins of adhesives, paints, coatings, films, textiles and other end-products. This market is driven by the demand from its derivatives which has various uses. Its largest derivative is polyvinyl acetate (PVA) which is mainly used in adhesives due to its good adhesion properties to various substrates including wood, paper, plastic films and metals. Its other uses include paints, paper and industrial coatings. Polyvinyl Alcohol (PVOH) is manufactured from PVA, is its second-largest consumer. Main uses for PVOH include adhesives, textiles, packaging films, thickeners and photosensitive coatings. VAM is consumed in the manufacturing of ethylene-vinyl acetate (EVA) and vinyl acetate-ethylene (VAE). EVA, contains less than 50% vinyl acetate, is primarily used mainly for films, wire and cable insulation. VAE, contains more than 50% vinyl acetate, is mainly used as cement additives, paints and adhesives. Another fast-growing use of VAM is the manufacturing of ethylene vinyl alcohol (EVOH), it is used as a barrier Resin in food packaging, gasoline tanks, plastic bottles and, and in engineering polymers.

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