Global Vinyl Acetate Monomer Market Size Study, by Application (Polyvinyl Alcohol, Polyvinyl Acetate), by End-Use (Packaging, Construction), and Regional Forecasts 2022-2032

Description

The Global Vinyl Acetate Monomer (VAM) Market, valued at USD 10.64 billion in 2023, is anticipated to grow at a CAGR of 5.50% over the forecast period from 2024 to 2032. Vinyl acetate monomer, a key building block in the production of polyvinyl acetate and polyvinyl alcohol, has emerged as an essential chemical compound in industries ranging from adhesives and coatings to packaging and construction. Its widespread applications are driven by the ever-increasing demand for versatile, high-performance materials in these sectors.

The market is witnessing steady growth as manufacturers invest in advanced production technologies to enhance the quality and sustainability of VAM-derived products. Polyvinyl acetate continues to dominate the application segment, finding significant use in adhesives, paints, and coatings due to its superior binding properties and versatility. Meanwhile, polyvinyl alcohol, widely employed in textile sizing, paper coatings, and water-soluble films, is gaining momentum due to its eco-friendly nature, aligning with the global push toward sustainable solutions.

Several factors are fueling the growth of the VAM market. The booming packaging industry, driven by consumer goods and e-commerce, has amplified the demand for durable adhesives and coatings. Concurrently, the construction sector's expansion, particularly in emerging economies, has escalated the adoption of VAM-based products like paints and sealants. However, market challenges persist, including fluctuations in raw material prices, such as acetic acid and ethylene, which influence production costs. Stringent environmental regulations further necessitate continuous innovation and the development of greener VAM production processes.

Regionally, Asia Pacific holds the lion's share of the global VAM market, supported by robust industrialization, urbanization, and strong manufacturing activities in countries like China, India, and Japan. The region benefits from abundant raw materials and increasing infrastructure projects, particularly in the construction and packaging sectors. Meanwhile, North America and Europe are poised for steady growth, driven by investments in sustainable chemical processes and the high demand for adhesives and coatings in packaging and automotive applications. Latin America and the Middle East & Africa are also witnessing rising opportunities as construction activities and industrial developments gain momentum.

Leading market players are leveraging strategic collaborations, capacity expansions, and innovations to enhance their market presence. Companies are increasingly focusing on developing bio-based VAM to cater to environmentally conscious industries, fostering long-term market growth. With industries like construction, packaging, and consumer goods evolving rapidly, the demand for VAM-based products is expected to surge, solidifying the market's robust outlook over the forecast period.

Major market players included in this report are:

BASF SE
Mitsubishi Chemical Corporation
Dow Chemical Company
Wacker Chemie AG
Celanese Corporation
LyondellBasell Industries
China National Petroleum Corporation (CNPC)
Lotte Chemical Corporation
Sinopec Group
Kuraray Co., Ltd.
DuPont de Nemours, Inc.
Akzo Nobel N.V.
INEOS Group
Sumitomo Chemical Co., Ltd.
Dairen Chemical Corporation

The detailed segments and sub-segment of the market are explained below:

By Application:

Polyvinyl Alcohol
Polyvinyl Acetate

By End-Use:

Packaging
Construction

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Vinyl Acetate Monomer Market Executive Summary

1.1. Global Vinyl Acetate Monomer Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By End-Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Vinyl Acetate Monomer Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Vinyl Acetate Monomer Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Demand from Packaging Industry
- 3.1.2. Expansion in Construction Sector
- 3.1.3. Advancements in VAM Production Technologies
3.2. Market Challenges
- 3.2.1. Fluctuations in Raw Material Prices
- 3.2.2. Stringent Environmental Regulations
3.3. Market Opportunities
- 3.3.1. Development of Bio-based VAM
- 3.3.2. Strategic Collaborations and Partnerships
- 3.3.3. Expansion in Emerging Markets

Chapter 4. Global Vinyl Acetate Monomer Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Vinyl Acetate Monomer Market Size & Forecasts by Application 2022-2032

5.1. Segment Dashboard
5.2. Global Vinyl Acetate Monomer Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Polyvinyl Alcohol
- 5.2.2. Polyvinyl Acetate

Chapter 6. Global Vinyl Acetate Monomer Market Size & Forecasts by End-Use 2022-2032

6.1. Segment Dashboard
6.2. Global Vinyl Acetate Monomer Market: End-Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Packaging
- 6.2.2. Construction

Chapter 7. Global Vinyl Acetate Monomer Market Size & Forecasts by Region 2022-2032

7.1. North America Vinyl Acetate Monomer Market
- 7.1.1. U.S. Vinyl Acetate Monomer Market
  - 7.1.1.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. End-Use Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Vinyl Acetate Monomer Market
7.2. Europe Vinyl Acetate Monomer Market
- 7.2.1. UK Vinyl Acetate Monomer Market
- 7.2.2. Germany Vinyl Acetate Monomer Market
- 7.2.3. France Vinyl Acetate Monomer Market
- 7.2.4. Spain Vinyl Acetate Monomer Market
- 7.2.5. Italy Vinyl Acetate Monomer Market
- 7.2.6. Rest of Europe Vinyl Acetate Monomer Market
7.3. Asia-Pacific Vinyl Acetate Monomer Market
- 7.3.1. China Vinyl Acetate Monomer Market
- 7.3.2. India Vinyl Acetate Monomer Market
- 7.3.3. Japan Vinyl Acetate Monomer Market
- 7.3.4. Australia Vinyl Acetate Monomer Market
- 7.3.5. South Korea Vinyl Acetate Monomer Market
- 7.3.6. Rest of Asia Pacific Vinyl Acetate Monomer Market
7.4. Latin America Vinyl Acetate Monomer Market
- 7.4.1. Brazil Vinyl Acetate Monomer Market
- 7.4.2. Mexico Vinyl Acetate Monomer Market
- 7.4.3. Rest of Latin America Vinyl Acetate Monomer Market
7.5. Middle East & Africa Vinyl Acetate Monomer Market
- 7.5.1. Saudi Arabia Vinyl Acetate Monomer Market
- 7.5.2. South Africa Vinyl Acetate Monomer Market
- 7.5.3. Rest of Middle East & Africa Vinyl Acetate Monomer Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. Mitsubishi Chemical Corporation
- 8.1.3. Dow Chemical Company
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Mitsubishi Chemical Corporation
- 8.3.3. Dow Chemical Company
- 8.3.4. Wacker Chemie AG
- 8.3.5. Celanese Corporation
- 8.3.6. LyondellBasell Industries
- 8.3.7. China National Petroleum Corporation (CNPC)
- 8.3.8. Lotte Chemical Corporation
- 8.3.9. Sinopec Group
- 8.3.10. Kuraray Co., Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes