Do. Mrz 28th, 2024

According to ChemAnalyst report, “India Vinyl Acetate Monomer (VAM) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030”, The India Vinyl Acetate Monomer (VAM) Market is likely to reach around 240 thousand tonnes by FY2030, at a CAGR of 4.45% during the forecasted period. The end-use industries like Adhesive, Textile, Chemical Intermediates, and Others are anticipated to enhance the India Vinyl Acetate Monomer (VAM) Market in the upcoming times.

Vinyl Acetate Monomer (VAM) is a colourless liquid having a pungent odour. It has the chemical formula of CH3COOCH=CH2. It is a key raw material in the production of chemicals which are further used for manufacturing a wide variety of consumer and industrial products. Vinyl Acetate Monomer (VAM) is a versatile chemical employed for manufacturing a variety of resins and polymers for paints & coatings, glue, adhesives and sealants, synthetic rubber, fabric finishes, paper products, binder, coatings, and a wide range of other industrial and consumer applications, vinyl acetate monomer (VAM) is a significant intermediate. VAM can be employed in a variety of copolymers and terpolymers, including vinyl-acrylic resins, vinyl acetate-acrylic acid copolymers, and vinyl acetate-vinyl chloride copolymers. It effectively homo-polymerizes to polyvinyl acetate (PVA).

Read Full Report Here: https://www.chemanalyst.com/industry-report/india-vinyl-acetate-monomer-market-743

The key factor driving the market for vinyl acetate monomer (VAM) is its use as a feedstock to produce chemicals like polyvinyl alcohol, ethylene vinyl acetate, polyvinyl acetate, vinyl acetate-ethylene, and others. Additionally, polyvinyl alcohol is used to create coatings, adhesives, and water-soluble packing films, whilst polyvinyl acetals are utilised to create coatings, washing primer, safety glass interlayers, and insulation for magnetic wire. EVA copolymers are also referred to as stretchable films and are used in moulding, varnishes, adhesives, and insulating materials. The demand for paints and coatings, sealants, and building and construction materials is expected to increase due to India’s rapid industrialization, which is predicted to accelerate the growth of the VAM market over the forecast period.

The India Vinyl Acetate Monomer (VAM) Market is segmented based on end-use, sales channel, and region. Based on the end-uses, the India Vinyl Acetate Monomer (VAM) Market is segregated into Adhesive, Textile, Chemical Intermediates, and Others. The Adhesive sector captures the majority of the VAM market roughly 73% share by volume in FY2022, followed by Textile and Chemical Intermediates industries. VAM is extensively employed to manufacture polyvinyl alcohol (PVOH) and polyvinyl acetate (PVA). Adhesives made of polyvinyl acetate are inexpensive, simple to use, and have a wide range of applications and can work with a wide range of materials such as papers, fabrics, woodwork, and plastics.

Indian Vinyl Acetate Monomer (VAM) market is segregated into four regions based on regional consumption: West, South, North, and South. West India showcased increased consumption between FY2015- FY2020 and is expected to be the largest consumer even in FY2022. Owing to the presence of majority of the adhesive manufacturers, like Pidilite Industries, located in this region coupled with the location of ports in Western states like Gujarat and Maharashtra, west part of India is dominating the VAM market.

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India Vinyl Acetate Monomer (VAM) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030” Major companies contributing to the Vinyl Acetate Monomer demand are Celanese, Sipchem, CCD Singapore Pte Ltd., Helm Asia Pte Ltd., ICC Chemical Corporation, and Others.

 

“The rapidly increasing demand of Vinyl Acetate Monomer (VAM) due to being linked with numerous down-stream industries such as Adhesive, Textile, Chemical Intermediates, and Others is expected to boost the India Vinyl Acetate Monomer Market in the forecast period until FY2030. Vinyl Acetate Monomer is utilized to synthesize industrially significant chemicals such as polyvinyl alcohol, ethylene vinyl acetate, polyvinyl acetate, vinyl acetate-ethylene, and others which are used in various industries such as paints & coatings, flexible food packaging, high-strength adhesives which are heavily used in the construction sector. Owing to rapid industrialization and new construction projects across India, the demand of such materials will rise, anticipated to fuel the demand of VAM as a feedstock in the forthcoming years. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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