Fior Markets launched a study titled “Global Vinyl Acetate Monomer Market by Application (Polyvinyl Acetate, Polyvinyl Alcohol, Ethylene Vinyl Acetate, Others), End User, Regions”,and Global Forecast 2018-2025.
The global vinyl acetate monomer (VAM) market is expected to grow from USD 7.43 Billion in 2017 to USD 10.78 Billion by 2025, at a CAGR of 4.76% during the forecast period from 2018-2025. Rising global demand for paints, coatings, textiles, adhesives is projected to propel the global demand for the vinyl acetate monomer.
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Ethylene vinyl alcohol (EVOH) segment is anticipated to grow at a CAGR of 6.92% in 2018-2025
Application is segmented into polyvinyl acetate (PVA), polyvinyl alcohol (PVOH), ethylene vinyl acetate (EVA), ethylene vinyl alcohol (EVOH) an others. Polyvinyl acetate is widely used in the production of adhesives owing to its superior adhesion property to various substrates such as wood, metal, plastic. Thus polyvinyl acetate segment emerged as a dominant segment in global vinyl acetate monomer market with USD 2.42 billion revenue in 2017. On account of its use in the manufacturing of plastic bottles, food packaging, engineering polymers and gasoline tanks, ethylene vinyl alcohol segment is projected to attain the highest CAGR of 6.92% over the forecast period.Polyvinyl alcohol segment also held a robust market share in 2017.
Packaging segment had a market value of USD 2.95 billion in 2017
End User Segment is divided into packaging, construction, automotive and textile and others. Global increase in consumption of packaged food, consumer goods and emergence of ecommerce sector is generating a huge demand packaging materials. Thus packaging segment emerged as the largest end user segment with USD 2.95 billion revenue in 2017. Unabated demand for the coatings and paints from the construction industry is projected to drive construction segment to grow at a CAGR of 7.05% over the forecast period.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Growth of end user industries such as textiles, construction and increasing demand for packaging, coatings and adhesives led Asia Pacific region emerge as the largest market for vinyl acetate monomer with USD 3.24 billion revenue in 2017.North America region is projected to clock a robust growth rate on account of healthy demand for vinyl acetate monomer from its well-established packaging and automotive industry.
Major players in the global vinyl acetate monomer market are The Dow Chemical Company, Kuraray, Sipchem, Ningxia Yinglite, WackerChemie, Celanese, Dairen Chemical Corporation, Sinopec, LyondellBasell Industries, Sipchem, IneospecInc, Exxon Mobil Corporation, Arkema, Japan VAM & POVAL Co. Ltd. among others.
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