Vinyl Acetate Monomer Market by Type, End-Use, Application

List of Tables

[187 Pages Report] The Vinyl Acetate Monomer Market size was estimated at USD 7.69 billion in 2023 and expected to reach USD 8.15 billion in 2024, at a CAGR 6.46% to reach USD 11.93 billion by 2030.

Vinyl acetate monomer (VAM) is a colorless, flammable liquid with a distinct sweet ether-like odor. It is an important industrial chemical primarily used in the production of polyvinyl alcohol (PVOH), polyvinyl acetate (PVA), and ethylene-vinyl acetate (EVA) copolymers. These derivatives are utilized in various applications, ranging from adhesives, paints, and coatings to textiles and packaging materials. Chemically, VAM is characterized by the formula C4H6O2, and it is produced through the acetoxylation of ethylene, which involves the reaction of ethylene with acetic acid in the presence of a catalyst, typically palladium. As a volatile organic compound (VOC), it poses certain health and environmental risks, necessitating careful handling and adherence to safety and regulatory guidelines. The growing demand for adhesives and sealants in automotive industries and construction is driving the growth of the vinyl acetate monomer market. However, polymerization complexities can pose a significant hurdle for adopting vinyl acetate monomer. The research and development for new product developments present remunerative opportunities for the growth of the vinyl acetate monomer market.

KEY MARKET STATISTICS
Base Year [2023]	USD 7.69 billion
Estimated Year [2024]	USD 8.15 billion
Forecast Year [2030]	USD 11.93 billion
CAGR (%)	6.46%

Type: Rising use of ethylene process for VAM

The acetylene-based production of vinyl acetate monomer involves the reaction between acetylene and acetic acid in the presence of a catalyst. This process was the first commercial method for VAM production but has gradually become less favored due to the high cost and potential hazards of acetylene gas, along with the development of the more efficient ethylene process. VAM derived via acetylene is used to manufacture polyvinyl butyral, an essential component in safety glass interlayers. The ethylene-based production of vinyl acetate monomer is now the predominant method globally. This process involves the reaction of ethylene with acetic acid and oxygen using a palladium catalyst system. The ethylene process is viewed as more economical and environmentally friendly as compared to the acetylene process, leading to its wide adoption. A significant portion of VAM produced via the ethylene process is used in manufacturing PVA, adhesives, paints, and coatings. Vinyl Acetate-Ethylene (VAE) emulsions are applied in adhesives and coatings and as modifiers in cement and mortar, underscoring the versatility of VAM. Ethylene-vinyl acetate (EVA) is used to produce flexible packaging, foams for sports equipment, and photovoltaic cell encapsulation, showcasing the wide-ranging applications of VAM.

End-Use: Extensive use of vinyl acetate monomers in the adhesives for strong bonding

In the adhesives industry, vinyl acetate monomers are extensively used to produce polyvinyl acetate (PVA) and ethylene-vinyl acetate (EVA) emulsions. These emulsions are then employed to formulate various adhesive products, offering superior adhesion, clarity, and flexibility. VAM-based adhesives are widely applied in woodworking, paper bonding, and packaging materials, providing durability and a strong bond even under challenging conditions. Vinyl acetate monomers are vital in the construction industry, particularly in manufacturing paints, sealants, and coatings. VAM is utilized to produce vinyl acetate-ethylene (VAE) copolymers, which enhance the performance of decorative and protective coatings. These coatings are applied to buildings and structures to improve adhesion, weather resistance, and protection against environmental elements. In packaging, vinyl acetate monomer produces innovative and sustainable packaging solutions. VAM is an essential ingredient in producing ethylene-vinyl alcohol (EVOH) copolymers, which are used to create barrier layers in food packaging to prevent oxygen ingress and ensure the freshness of the contents. Furthermore, VAM-based adhesives are employed in packaging applications to produce strong seals and enhance the overall performance of packaging materials. Vinyl acetate monomers are used for non-woven fabrics and fiber processing in the textile industry. VAM-based emulsions are used as textile finishes and coatings, imparting desirable properties such as softness, durability, and resistance to wear and tear. These finishes enhance the quality of textiles, making them suitable for various applications, from apparel to industrial fabrics.

Regional Insights

The Americas holds a significant share of the global vinyl acetate monomer market, with a strong industrial base for manufacturing packaging, adhesive, paints & coatings. Recent investments in the United States and Canada have focused on enhancing production capacity and developing bio-based alternatives, reflecting a trend toward sustainability. Asia-Pacific is the fastest-growing market for vinyl acetate monomer, fueled by rapid industrialization and expanding manufacturing sectors. The vast manufacturing industry and significant investments in research and development have been aimed at improving production processes and developing new applications for vinyl acetate monomer in the Asia-Pacific. Europe, the Middle East, and Africa represent highly regulated vinyl acetate monomer market with a strong focus on environmental sustainability. The EU's stringent regulations on chemicals drive the demand for bio-based and eco-friendly vinyl acetate monomer. In the Middle East, the demand for vinyl acetate monomer is primarily driven by the packaging and construction industries. Africa's vinyl acetate monomer market is poised for growth, largely due to development in the construction and packaging industries and increased investments to improve local manufacturing capabilities.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Vinyl Acetate Monomer Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Vinyl Acetate Monomer Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Vinyl Acetate Monomer Market, highlighting leading vendors and their innovative profiles. These include Arkema SA, Celanese Corporation, CELLMARK AB., Chang Chun Group, China Petroleum & Chemical Corporation, Clariant AG, DAIREN CHEMICAL CORPORATION, Henan GP Chemicals Co.,Ltd, Ineos Group Ltd., Innospec Inc., Japan Vam & Poval Co., Ltd., Jubilant Pharma Limited, KANTO CHEMICAL CO.,INC., KH Chemicals BV, Kishida Chemical Co.,Ltd., Kuraray Co., Ltd., LyondellBasell Industries N.V., Merck KGaA, Nacalai Tesque Inc., Sahara International Petrochemical Company, Sanjay Chemicals (India) Pvt. Ltd., Shin-Etsu Chemical Co., Ltd., Showa Denko K. K., Solventis S.V., S.A., The Chemical Company, The Dow Chemical Company, Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co., Ltd., and Wacker Chemie AG.

Market Segmentation & Coverage

This research report categorizes the Vinyl Acetate Monomer Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Acetylene Process
- Ethylene Process

End-Use
- Adhesives
- Construction
- Packaging
- Textile

Application
- Ethylene Vinyl Acetate
- Ethylene Vinyl Alcohol
- Poly Vinyl Acetate
- Poly Vinyl Alcohol

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Vinyl Acetate Monomer Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Vinyl Acetate Monomer Market?

3. What are the technology trends and regulatory frameworks in the Vinyl Acetate Monomer Market?

4. What is the market share of the leading vendors in the Vinyl Acetate Monomer Market?

5. Which modes and strategic moves are suitable for entering the Vinyl Acetate Monomer Market?

Product Code: MRR-030298DFFB7F

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for adhesives and sealants in construction and automotive industries
  - 5.1.1.2. Rapid growth of exports and e-commerce
- 5.1.2. Restraints
  - 5.1.2.1. Vinyl acetate monomer sensitivity to temperature & humidity and polymerization issues
- 5.1.3. Opportunities
  - 5.1.3.1. R&D for new product developments
  - 5.1.3.2. Widening requirements for ophthalmic implants
- 5.1.4. Challenges
  - 5.1.4.1. Stringent government regulations related to VAM
5.2. Market Segmentation Analysis
- 5.2.1. Type: Rising use of ethylene process for VAM
- 5.2.2. End-Use: Extensive use of vinyl acetate monomers in the adhesives for strong bonding
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Vinyl Acetate Monomer Market, by Type

6.1. Introduction
6.2. Acetylene Process
6.3. Ethylene Process

7. Vinyl Acetate Monomer Market, by End-Use

7.1. Introduction
7.2. Adhesives
7.3. Construction
7.4. Packaging
7.5. Textile

8. Vinyl Acetate Monomer Market, by Application

8.1. Introduction
8.2. Ethylene Vinyl Acetate
8.3. Ethylene Vinyl Alcohol
8.4. Poly Vinyl Acetate
8.5. Poly Vinyl Alcohol

9. Americas Vinyl Acetate Monomer Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Vinyl Acetate Monomer Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Vinyl Acetate Monomer Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. INEOS Announced The Acquisition Of The Eastman Texas City Site For ~ USD 500 Million
- 12.3.2. India's Asian Paints (Polymers) signs MoU with Gujarat gov't for VAM, VAE plants
- 12.3.3. INEOS & LOTTE to Build a New 250,000 tonne Vinyl Acetate Monomer (VAM) Plant in Ulsan, South Korea
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio