A recent report published by Infinium Global Research on vinyl acetate monomer (VAM) provides an in-depth analysis of segments and sub-segments in the global as well as regional vinyl acetate monomer (VAM). The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional vinyl acetate monomer (VAM) over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of global vinyl acetate monomer (VAM). According to the report, the global vinyl acetate monomer (VAM) is projected to grow at a CAGR of nearly 5% over the forecast period of 2022-2028.
Vinyl acetate monomer (VAM) is a considerable intermediate that is used in the production of different resins and polymers. These resins and polymers are used in various products like paints & coatings, elastomers, adhesives, glues & sealants, textile finishes, binders, films, and a myriad of other industrial and consumer applications. Vinyl acetate monomer can be used in numerous copolymers and terpolymers such as vinyl-acrylic resins, ethylene-vinyl acetate copolymers, vinyl acetate-acrylic acid copolymers, and vinyl acetate-vinyl chloride copolymers. Vinyl acetate monomer helps to build different cost-effective products. Moreover, the large-scale use for VAM is in polyvinyl acetate homopolymer, which is most commonly used in adhesives and paints, offering ease of use and good adhesion properties to paper, plastics, fabrics, wood, and many other substrates at a very less cost.
The growing trend of using VMA as a coating in plastic films has been driving the market. The FDA has approved that VAM may be safely used as a coating in plastic films for food packaging and as a food starch modifier. VAM-based polymers are used in the production of many interior latex paints as the ingredient that provides adhesion of all the ingredients and the luster of the finish. In addition to this, the CDC’s Agis Agency for Toxic Substances and Disease Registry states that it is not harmful or the body. Studies have shown that if the VMA is ingested in the body by nose or mouth, it is quickly distributed through the body and removed, further it breaks down and leaves the body through the breath and small amounts will leave the body through urine and waste. Due to this, VAM is broadly used in textile manufacturing, wire, and cable insulation, and also increasing application in the food and beverage industry it is used as an ingredient in food starch modifiers, and a thickening agent in some liquids like soft drinks. Thus, the growing application in the medical industry is majorly driving the demand in the market. The only restraining factor is the limitations put by different governmental bodies. For instance, The U.S. Occupational Safety and Health Administration (OSHA) has set specific limits for worker exposure to vinyl acetate that manufacturers. Although, rising demand for adhesives from several industries is providing growth opportunities to the market.
The vinyl acetate monomer market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is expected to hold a significant share of the market. Vinyl acetate monomer is a clear, colorless liquid with a sweet, fruity smell. Vinyl acetate is mostly used in the production of various industrial chemicals, North American region consists of a number of production units for a variety of items that require VMA as a raw material. Vinyl acetate is produced in large amounts and used as an industrial chemical in the United States. In addition to this, Vinyl acetate is used to make glues for the packaging and building industries like paints, textiles, and paper. North America is the largest consumer of vinyl acetate monomers owing to the presence of large-scale industries. The Asia-Pacific region is also expected to grab a considerable share of the VMA market. Due to industrial development in economically developing countries like India, and China. Globalization and high investment in real estate, the manufacturing industry, food, and beverage industry are propelling the growth of the market in this region.
The report on global vinyl acetate monomer (VAM) market covers segments such as application, and end-use industry. On the basis of application, the sub-markets include polyvinyl acetate (PVAc), polyvinyl alcohol (PVOH or PVA), ethylene-vinyl acetate (EVA), ethylene-vinyl alcohol (EVOH), and others. On the basis of end-use industry, the sub-markets include packaging, construction, textile, adhesives, and others.
The report provides profiles of the companies in the market such as The Dow Chemical Company, Wacker Chemie AG, Celanese Corporation, Kuraray Co., Ltd, Solventis, Sipchem Company, Sinopec, China Petrochemical Corporation, LyondellBasell Industries N.V., and JAPAN VAM & POVAL CO.,LTD..
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of vinyl acetate monomer (VAM). Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
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