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  • Vinyl Acetate Monomer Market Growth & Forecast Analysis | 2023-2028

    Vinyl Acetate Monomer Market Growth & Forecast Analysis | 2023-2028

    Vinyl Acetate Monomer Market Growth & Forecast Analysis | 2023-2028
    Report code - SRAM561 Delivery - 2 Weeks
    Vinyl Acetate Monomer Market Size, Share, Trends, Dynamics, Growth, & Forecast An See more...

    Market Insights

    The vinyl acetate monomer market was estimated at USD 8.54 billion in 2022 and is likely to grow at a CAGR of 4.58% during 2023-2028 to reach USD 11.21 billion in 2028.


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    What is a vinyl acetate monomer?

    Vinyl acetate monomer is a vital industrial monomer that is widely used to produce different polymers like polyvinyl acetate, polyvinyl alcohol, homopolymers, copolymers, etc. that finds applications in adhesives, films, and more.


    The vinyl acetate monomer market was severely disrupted by the Covid-19 pandemic. Major factors for this are lockdowns, restrictions on international trade, supply chain disruptions, shutting down of industries, and halting of construction or textile industries. The market for vinyl acetate monomer and its products was severely impacted as the end-use industry consumption was reduced during the pandemic.

    Vinyl Acetate Monomer Market Highlights

    Market Size in 2022

    USD 8.54 billion

    Market Size in 2028

    USD 11.21 billion

    Market Growth (2023-2028)

    4.58% CAGR

    Base Year of Study


    Trend Period


    Forecast Period


    Market Dynamics

    The market dynamics of vinyl acetate monomer (VAM) are influenced by various factors that drive its demand and supply. Here are some key market dynamics -

    • Rising constructions – The demand for vinyl acetate monomers is growing rapidly due to the rising infrastructure spending in emerging regions like Latin America, and Asia Pacific. Vinyl acetate monomers are also used in the manufacture of paints, coatings, adhesives and binders, films, wire and cable, inks, concrete additives, etc. which are vital for any construction. 
    • Increasing shale gas explorations – Vinyl acetate is one of the most important monomers widely used for shale gas exploration. Shale gas production has been rapidly rising owing to growing oil and gas requirements across the globe. In the United States, Shale gas production has increased by 4% (4.9 billion cubic feet per day [Bcf/d]) in 2022, averaging 119 Bcf/d. The U.S. Energy Information Administration - EIA expects natural gas production to rise to 42.1 trillion cubic feet (Tcf) by 2050. With such huge production and explorations, the demand for vinyl acetate monomers will grow substantially, driving the global market for vinyl acetate monomers in the near future.


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    Segment Analysis

    By Application Type

    Based on the application type, the market is segmented as polyvinyl alcohol, polyvinyl acetate, ethylene-vinyl acetate, vinyl acetate ethylene, ethylene-vinyl alcohol, and others. Polyvinyl acetate is estimated to be the leading application type of the market during the forecast period. Polyvinyl acetate holds around 37% of vinyl acetate monomer production and is a primary molecule in adhesives, construction, paints, textile, and architectural coatings, including all copolymers and homopolymers containing less than or equal to 50% of vinyl acetate.

    By End-User Type

    Based on the end-user type, the market is segmented as packaging, construction, textile, cosmetics, and others. The textile end-user industry is estimated to witness significant growth in the market owing to changing consumer tastes and demand during the forecast period. The growth of the segment is owing to the shifting preferences toward sophisticated clothing and polyvinyl acetate offering to interline for superior body handles.

    Regional Insights

    In terms of regions, Europe is anticipated to be the leading region in the market owing to the favorable regulatory environment in the region during the forecast period. Further, the presence of a large number of cosmetics & toiletries, electronics, and packaging product manufacturers, growing awareness regarding nutritional and organic food items, and the rising food & beverage industry led to the development of innovative packaging solutions in order to meet the consumers’ demand are some of the major factors accelerating the regional market growth over the forecast period. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.


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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market. 

    The market is segmented into the following categories. 

    By Application Type

    • Polyvinyl Alcohol
    • Polyvinyl Acetate
    • Ethylene-Vinyl Acetate
    • Vinyl Acetate Ethylene
    • Ethylene-Vinyl Alcohol
    • Others

    By End-User Type

    • Packaging
    • Construction
    • Textile
    • Cosmetics
    • Others

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)


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    Key Players

    Some of the key players in the market are-

    • Celanese Corporation
    • Chang Chun Group
    • Dairen Chemical Corporation
    • Kuraray Co., Ltd.
    • Lyondellbasell Industries, Inc.
    • Sinopec Group
    • Sipchem
    • Solventis Ltd.
    • The Dow Chemical Company
    • Wacker Chemie AG.

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Vinyl Acetate Monomer Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the application types by end-user type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The vinyl acetate monomer market was estimated at USD 8.54 billion in 2022.

    The vinyl acetate monomer market is likely to reach USD 11.21 billion in 2028.

    The vinyl acetate monomer market is expected to witness an impressive growth of 4.58% CAGR in the foreseeable future.

    Celanese Corporation, Chang Chun Group, Dairen Chemical Corporation, Kuraray Co., Ltd., Lyondellbasell Industries, Inc., Sinopec Group, Sipchem, Solventis Ltd., The Dow Chemical Company, and Wacker Chemie AG are among the key players in the market.

    Europe is expected to be the leading market in the coming five years.

    The textiles end-use industry is expected to witness significant growth in the market.

    Polyvinyl acetate is expected to be the leading application type in the market.

    The growing popularity of VAM-based packaging material in the food & beverage sector and increasing demand for paints & coatings in the construction industry globally are some of the factors driving the growth of the market.


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