The global vinyl acetate monomers market is valued at US$ 8.8 billion in 2022 and is expected to expand at a CAGR of 4.7% to reach US$ 13.9 billion by the end of 2032.Polyvinyl acetate dominated the global market with 42.6% market share in 2021.The key factor driving market expansion is the paradigm shift toward workflow automation across a wide range of industries and business types. Businesses everywhere attempt to create efficient and streamlined operating procedures that can be applied no matter where they are.
Vinyl acetate monomers possess properties such as adhesiveness, optical clarity, and fiber foaming. Because of these properties, they find use in applications such as polyvinyl acetate, polyvinyl alcohol, ethylene vinyl alcohol, and ethylene vinyl acetate. Polyvinyl acetate is widely used as wood glue and white glue in construction, whereas, polyvinyl alcohol is used in textiles, paper, and food packaging to provide strength to the products.
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Key Segments Covered
By Purity :
- 99% & Above
By Application :
- Polyvinyl Alcohol
- Polyvinyl Acetate
- Ethylene Vinyl Acetate
- Ethylene Vinyl Alcohol
By End-use Industry :
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
In-depth analysis of each market participant’s corporate strategy, including mergers, the launch of new products, joint ventures, and collaborations, is provided in the Vinyl Acetate Monomers Market Report.
Key Companies Profiled
- LyondellBasell Industries
- Celanese Corporation
- The Dow Chemicals
- Lotte Chemical Corporation
- Royal Dutch Shell
- Wacker Chemie AG
- Dairen Chemical Corp
- Kuraray Co. Ltd.
On the Vinyl Acetate Monomers Market as a whole, the current COVID-19 outbreak has had a severe detrimental impact. The temporary halt of manufacturing operations in all of the major manufacturing hubs has caused a significant delay in production. Demand and purchasing power among consumers are also impacted by COVID-19. It is exceedingly challenging to predict when and how the market for vinyl acetate monomers will return given the projected length of the suspension. Cov-19 is expected to have a significant impact on the market study of Vinyl Acetate Monomers.
Some of the data utilised in the analysis of the global markets for vinyl acetate monomers includes the statistics listed below:
Consumption habits of people around the world are evolving.
The global market for vinyl acetate monomers is growing due to a variety of difficulties, opportunities, and considerations.
In a field that is getting more international, everyone needs new money sources.
Characteristics of the leading companies in the industry in terms of involvement and level of competition
technological and commercial advancements that consider the market impacts of COVID-19 and how the pandemic may affect the market’s possible future growth.
The Vinyl Acetate Monomers Industry market’s revenue and projected future growth are analysed using geographic segmentation.
Since last year, there has been a considerable decline. demand for Vinyl Acetate Monomers has increased
“Susceptibility to Dynamic Instability of Market Under Changing Geopolitical Conditions”
To address the rising demand for vinyl acetate monomers, industry titans like Celanese Corporation and LyondellBasell Industries have extended their production capabilities at several plants recently. These businesses encounter difficulties as a result of the shifting costs of the raw materials used to make vinyl acetate monomers.
Instability in the pricing of raw materials including ethylene, methanol, carbon monoxide, and natural gas might impede the development of the market as a whole. The profitability and product margin of a company may suffer if the price of necessary raw materials increases significantly. Raw material prices fluctuate for a number of causes, including the effects of the weather, labour problems, changes in national policies, and a weakening economy.