Vinyl Acetate Monomer Market Analysis | 2023-2028

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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Market Dynamics

Introduction

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.

COVID-19 IMPACT

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.

Market Drivers

The major factors driving the growth of the vinyl acetate monomer market are:

• 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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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.

Note: The above list does not necessarily include all the top players in the market.

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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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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s vinyl acetate monomer market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 15 detailed primary interviews with market players across the value chain in all four regions and 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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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 vinyl acetate monomer 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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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.