The latest research report by Emergen Research, named ‘Global Vinyl Acetate Monomer Market - Forecast to 2032 . The report offers these individuals a vivid description of the competitive spectrum of the global Vinyl Acetate Monomer Market .The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
The global vinyl acetate monomer market size was USD 9.88 Billion in 2022 and is expected to register a revenue CAGR of 5.8% during the forecast period. Rising usage in end-use industries and increasing application of vinyl acetate monomer in adhesives and sealants are major factors driving market revenue growth.
The vinyl acetate monomer (VAM) market represents a critical segment within the chemical industry, serving as a key building block for the production of various polymers and resins. VAM is a versatile chemical compound used in the manufacture of polyvinyl acetate (PVA), vinyl acetate ethylene (VAE), and other copolymers, which find extensive applications in adhesives, paints, coatings, textiles, and construction materials. As a result, the demand for VAM is closely tied to the performance of downstream industries and economic factors driving construction, automotive, and consumer goods sectors. The VAM market plays a pivotal role in enabling innovation and providing essential materials for numerous industrial applications.
Drivers Fueling Growth in the Vinyl Acetate Monomer Market:
One of the primary drivers propelling the growth of the vinyl acetate monomer market is the increasing demand for adhesives and sealants across various end-use industries. VAM-based adhesives offer excellent adhesion properties, flexibility, and durability, making them indispensable in construction, packaging, woodworking, and automotive applications. Moreover, the growth of the construction industry, driven by urbanization, infrastructure development, and renovation projects, drives demand for VAM-based polymer dispersions used in architectural coatings, paints, and sealants. Additionally, the expanding automotive sector, coupled with stringent environmental regulations promoting lightweight materials and low volatile organic compound (VOC) emissions, stimulates the demand for VAM-based adhesives and coatings in vehicle assembly and interior applications.
Major Companies and Competitive Landscape
The Vinyl Acetate Monomer Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
The Dow Chemical Company, Solventis, Dairen Chemical Corp., Wacker Chemie AG, Celanese Corporation, SAME Chemicals B.V., Silver Fern Chemical Inc., The Chemical Company, Sipchem.
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Key inclusions of the Vinyl Acetate Monomer Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Vinyl Acetate Monomer Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Vinyl Acetate Monomer Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Vinyl Acetate Monomer Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Vinyl Acetate Monomer Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
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Vinyl Acetate Monomer Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global vinyl acetate monomer market on the basis of application, end-use, and region:
· Application Outlook (Revenue, USD Billion; 2019-2032)
- Polyvinyl Acetate
- Polyvinyl Alcohol
- Ethylene Vinyl Acetate (EVA)
· End-Use Outlook (Revenue, USD Billion; 2019-2032)
- Solar
- Automotive
- Building and Construction
- Packaging
- Textile
- Others
Regional Analysis of the Vinyl Acetate Monomer Market :
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Vinyl Acetate Monomer Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major market players and their regional presence
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Vinyl Acetate Monomer Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
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