According to ChemAnalyst report, “Global Vinyl Acetate Monomer (VAM) Market Analysis: Industry Market Size, Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2032”, global Vinyl Acetate Monomer (VAM) market has shown impressive growth and is anticipated to reach about 11000 thousand tonnes by 2032 at a steady CAGR of 4.92% during the forecast period.
Vinyl Acetate Monomer (VAM) is widely utilized as a monomer in the manufacture of other chemicals that are used in a wide variety of industrial and downstream products. VAM is a clear, colourless liquid with a characteristic sweet odor. The addition of Acetic Acid to Acetylene is the oldest and most widely acceptable industrial procedure for VAM production. The most extensively used method for producing Vinyl Acetate is the catalytic oxidation of Acetic Acid to Ethylene. VAM is a crucial monomer for producing a variety of resins and polymers for paints and coatings, adhesives & sealants, elastomers, textile finishes, paper coatings, binders, films, and a wide range of other industrial products. VAM is prominently used for manufacturing ethylene vinyl alcohol (EVOH), a barrier resin used in food packaging, plastic bottles, petrol tanks and industrial plastics. EVOH is used in food packaging to help keep food fresh by preventing the passage of gas, vapour, or liquid. Polyvinyl acetate (PVAc) and polyvinyl alcohol (PVOH or PVA) are primarily made using vinyl acetate monomer. Paints, adhesives, paper coatings, and textile procedures all use polyvinyl acetate, whereas polyvinyl alcohol is used to make adhesives, coatings, water-soluble packaging, and textile warp sizing. Polyvinyl butyral (PVB), is also made using VAM, which is used in laminated safety glass for cars and buildings. Ethylene-vinyl acetate (EVA) resin, which is produced from VAM, is employed for the production of packaging film, heavy-duty bags, extrusion coating, wire and cable jacketing, hot-melt adhesives, and cross-linked foam.
Read Full Report Here: https://www.chemanalyst.com/industry-report/vinyl-acetate-monomer-market-605
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 is segmented based on end-use, sales channel, and region. 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 28% of the market share of net Vinyl Acetate Monomer (VAM) demand in 2022. This industry is expected to maintain its dominance over the global Vinyl Acetate Monomer (VAM) market owing to the growing demand of ready-to-eat foods and fast foods which is mainly consuming VAM due to its characteristic barrier properties.
Request Sample Report: Vinyl Acetate Monomer (VAM) Market
Due to rising demand for construction and packaging, the Asia-Pacific region accounts for the highest market share of Vinyl Acetate Monomer. Due to increasing demand of VAM from emerging economies of countries situated in this region, the manufacturers are ramping up their manufacturing units and pushing the growth of Vinyl Acetate Monomer market through 2032. Although, the USA is the leading producer of Vinyl Acetate Monomer with major players like Dow Chemical and Celanese located in this region.
“Global Vinyl Acetate Monomer (VAM) Market Analysis: Industry Market Size, Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2032”, the significant players functional in the Global VAM market include Dairen Chemical Corp., Celanese, Sinopec Sichaun Vinylon Works, Sinopec Greatwall Energy, INEOS Group, LyondellBasell Industries, Millenium Petorchemicals, Dow Chemicals, DuPont, Sipchem IVC, Wacker-Chemei, Showa Denko, and Others.
“The Surging demand for Vinyl Acetate Monomer (VAM) from several end-use industries including food, packaging, paints, adhesives, textile, cosmetics and others is projected to boost the market in the forecast period. Population growth and lifestyle change will most likely continue to drive packed food and beverage demand, which in turn will boost the food packaging industry, thus escalating the VAM market growth in the forecast period by 2032.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.
The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.
ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.
B-44 Sector-57 Noida,
National Capital Region
Email: [email protected]
Showing 1 reaction
Sign in with