PUBLISHER: Grand View Research | PRODUCT CODE: 1571613
PUBLISHER: Grand View Research | PRODUCT CODE: 1571613
The global vinyl acetate monomer market size is expected to reach USD 15.44 billion by 2030, registering a CAGR of 5.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing adhesive demand from key industries such as construction, automotive, and furniture is expected to drive market growth. Increasing paints & coatings demand, particularly in the Asia Pacific and Latin America, is also expected to further impact market demand positively over the next six years. Stringent environmental regulations and volatile raw material prices are expected to remain key challenges for market participants over the forecast period.
Increasing shale gas exploration in the U.S. is expected to benefit the market in terms of ethylene supply, which is a key vinyl acetate monomer (VAM) feedstock and is expected to benefit the market supply. Polyvinyl acetate (PVA) and polyvinyl alcohol (PVOH) were the major application segments which together accounted for over 85% of total market volume in 2013.