According to ChemAnalyst report, “Global Vinyl Acetate Monomer (VAM) Market Analysis: Industry Market Size, Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2032”, global Vinyl Acetate Monomer (VAM) market has shown impressive growth and is anticipated to reach about 10 million tonnes by 2032 at a steady CAGR of 4.41% during the forecast period.
Vinyl Acetate Monomer (VAM) is widely utilized as a monomer in the manufacture of other chemicals that are used in a wide variety of industrial and downstream products. VAM is a clear, colourless liquid with a characteristic sweet odor. The addition of Acetic Acid to Acetylene is the oldest and most widely acceptable industrial procedure for VAM production. The most extensively used method for producing Vinyl Acetate is the catalytic oxidation of Acetic Acid to Ethylene. VAM is a crucial monomer for producing a variety of resins and polymers for paints and coatings, adhesives & sealants, elastomers, textile finishes, paper coatings, binders, films, and a wide range of other industrial products. VAM is prominently used for manufacturing ethylene vinyl alcohol (EVOH), a barrier resin used in food packaging, plastic bottles, petrol tanks and industrial plastics. EVOH is used in food packaging to help keep food fresh by preventing the passage of gas, vapour, or liquid. Polyvinyl acetate (PVAc) and polyvinyl alcohol (PVOH or PVA) are primarily made using vinyl acetate monomer. Paints, adhesives, paper coatings, and textile procedures all use polyvinyl acetate, whereas polyvinyl alcohol is used to make adhesives, coatings, water-soluble packaging, and textile warp sizing. Polyvinyl butyral (PVB), is also made using VAM, which is used in laminated safety glass for cars and buildings. Ethylene-vinyl acetate (EVA) resin, which is produced from VAM, is employed for the production of packaging film, heavy-duty bags, extrusion coating, wire and cable jacketing, hot-melt adhesives, and cross-linked foam.
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VAM is a vital component of the emulsion polymers, resins, and intermediates that are used in paints, textiles, wire and cable polyethylene (PE) compounds, laminated safety glass, and packaging materials. EVOH and EVA resins are used in food packaging to help keep food fresh by preventing the penetration of gas, vapour, or liquid. Increasing demand for resins, adhesives, and construction materials coupled with fast-paced industrialization is projected to drive the demand for Vinyl Acetate Monomer during the forecast period.
The global Vinyl Acetate Monomer (VAM) market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the Vinyl Acetate Monomer (VAM) market is bifurcated into Packaging, Construction, Textile, Adhesives & Sealants, Paints & Coatings, and Others. Although, Adhesives & Sealants industry is leading industry and accounted approximately 28% of the market share of net Vinyl Acetate Monomer (VAM) demand in 2022. This industry is expected to maintain its dominance over the global Vinyl Acetate Monomer (VAM) market in the forthcoming years.
Due to rising demand for construction and packaging, the Asia-Pacific region accounts for the highest market share of Vinyl Acetate Monomer. Due to increasing demand of VAM from emerging economies of countries situated in this region, the manufacturers are ramping up their manufacturing units and pushing the growth of Vinyl Acetate Monomer market through 2032. Although, the USA is the leading producer of Vinyl Acetate Monomer with major players like Dow Chemical and Celanese located in this region.
“Global Vinyl Acetate Monomer (VAM) Market Analysis: Industry Market Size, Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2032”, the significant players functional in the Global VAM market include Dairen Chemical Corp., Celanese, Sinopec Sichaun Vinylon Works, Sinopec Greatwall Energy, INEOS Group, LyondellBasell Industries, Millenium Petorchemicals, Dow Chemicals, DuPont, Sipchem IVC, Wacker-Chemei, Showa Denko, and Others.
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“The surging demand for Vinyl Acetate Monomer (VAM) to manufacture various industrially significant chemicals likeethylene vinyl alcohol (EVOH), polyvinyl acetate (PVA), Ethylene-vinyl acetate (EVA) resin, and polyvinyl alcohol (PVOH) which are further used from several end-use industries including Packaging, Construction, Textile, Adhesives & Sealants, Paints & Coatings, is projected to boost the market in the forecast period. Rapid industrialization and urbanization will most likely continue to drive the market for resins and adhesives, thus escalating the VAM market growth in the forecast period by 2032.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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