Vinyl Acetate Monomer Market Overview by 2031
The Vinyl Acetate Monomer Market size is projected to reach US$ 10.88 billion by 2031 from US$ 7.62 billion in 2023. The market is expected to register a CAGR of 5.2% in 2023–2031. Growing demand from various end-use industries is likely to remain key vinyl acetate monomer market trends.
Vinyl Acetate Monomer Market Analysis
The market is primarily driven by the factors such as increasing demand of vinyl acetate monomer from various end-use industries. Vinyl acetate monomer (VAM) is an important intermediate used to make a number of polymers and resins. Vinyl acetate monomer is a crucial raw material used to make chemicals, which are then utilized to manufacture a wide range of consumer and industrial products. Polyvinyl acetate has strong adhesion properties for various materials, including paper, wood, plastic films, and metals. These factors are significantly driving the global vinyl acetate monomer market globally.
Vinyl Acetate Monomer Market Overview
The vinyl acetate monomer market is an important segment of the chemical industry. Vinyl acetate monomer is an important building element in the synthesis of different polymers and resins, such as polyvinyl acetate (PVA), polyvinyl alcohol (PVOH), and ethylene-vinyl acetate (EVA) copolymer. These materials are commonly utilized in sectors such as adhesives, paints, coatings, textiles, and packaging. Factors influencing the worldwide vinyl acetate monomer market include economic expansion, industrialization, and technological advancement.
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Vinyl Acetate Monomer Market: Strategic Insights
Market Size Value in US$ 7,628.97 million in 2021 Market Size Value by US$ 10,882.28 million by 2028 Growth rate CAGR of 5.2% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Vinyl Acetate Monomer Market: Strategic Insights
Market Size Value in | US$ 7,628.97 million in 2021 |
Market Size Value by | US$ 10,882.28 million by 2028 |
Growth rate | CAGR of 5.2% from 2021 to 2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Speak to AnalystVinyl Acetate Monomer Market Drivers and Opportunities
Growing Demand from Various End-Use Industries
Vinyl acetate monomer is an essential material in the manufacture of many polymers and resins. Vinyl acetate monomer is the key raw material used for the production of polyvinyl acetate (PVA), polyvinyl alcohol (PVOH), ethylene-vinyl acetate (EVA), etc. Polyvinyl acetate has strong adhesion properties for various materials, including paper, wood, plastic films, and metals. It is also an important ingredient in wood glue, white glue, carpenter’s glue, and school glue. Polyvinyl alcohol is used for adhesive packaging films. The increasing demand for adhesives from various industries such as construction, furniture, etc., is driving the market growth.
Increasing Utilization in Electronics Manufacturing
Ethylene-vinyl acetate is a thermoplastic polymer, which is used in solar cells/modules as an encapsulating agent. Ethylene-vinyl acetate is one of the most widely used encapsulant materials for photovoltaic modules. The photovoltaic module with this type of encapsulation protects cells from mechanical damage and moisture infiltration. Encapsulant sheets play an essential role in preventing water and dirt from penetrating solar panels. There is increasing use of ethylene-vinyl acetate for encapsulating solar panels due to its various properties desired for solar modules such as high electrical resistance, low water absorption characteristics, excellent optical transmission, good adhesive properties, high elasticity, etc.
Vinyl Acetate Monomer Market Report Segmentation Analysis
Key segment that contributed to the derivation of the vinyl acetate monomer Market analysis is grade.
- Based on application, the vinyl acetate monomer market is segmented into polyvinyl acetate (PVA), polyvinyl alcohol (PVOH), ethylene-vinyl acetate (EVA), and others. The polyvinyl acetate (PVA)sub-segment held a larger market share in 2023.
- Based on end-use industry, the vinyl acetate monomer market is sub-segmented into construction, packaging, textile, and others. The construction sub-segment held a larger market share in 2023.
Vinyl Acetate Monomer Market Share Analysis by Geography
The geographic scope of the Vinyl Acetate Monomer Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Asia Pacific is witnessing an upsurge due to growth in urbanization, the robust growth of the automotive and construction sectors which offers ample opportunities for key market players in the vinyl acetate monomer market. Thus, the rise in the construction activities is expected to further boost the global vinyl acetate monomer market expansion in the coming years.
Vinyl Acetate Monomer Market Report Scope
Vinyl Acetate Monomer Market News and Recent Developments
The Vinyl Acetate Monomer Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for vinyl acetate monomer and strategies:
- Dairen Chemical Aims to Cease VAM Production at Mayliao Facility in March. (Source: Dairen Chemical, Website, 2024)
- Celanese Corporation announced the completion of an ultra-low capital initiative to repurpose existing manufacturing and infrastructure assets to enable extra ethylene vinyl acetate (EVA) capacity at its Edmonton, Alberta site. The development will help the Acetyl Chain's downstream vinyl offering expand significantly. (Source: Celanese Corporation, News, 2023)
Vinyl Acetate Monomer Market Report Coverage and Deliverables
The “Vinyl Acetate Monomer Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application, and End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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