According to ChemAnalyst report, “Vinyl Acetate Monomer Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030” Vinyl Acetate Monomer registered demand of 5.2 million tonnes in 2020 and is projected to increase to 9.097 million tonnes by 2030, growing with a healthy CAGR of 5.75 percent through 2030. VAM is a petrochemical that is used to make PVA, EVA co-polymers, vinyl acrylic co-polymers, acrylic fibres, and other products. The growing demand for Vinyl Acetate Monomer in paints & coatings, adhesives and polymers is expected to drive the Vinyl Acetate Monomer market in the upcoming years. The reaction of upstream Ethylene and Acetic Acid with Oxygen in the presence of a Palladium catalyst is used as an industrial manufacturing process for Vinyl Acetate Monomer.
It 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. Vinyl Acetate Monomer can also be prepared synthetically, although this is relatively rare because of its high costs.
Based on the application type, VAM finds applications in paints, adhesives and lamination in automobiles. The food and packaging industries are the major dominating industries that requires Vinyl Acetate Monomer. PVA, Polyvinyl Acetate, Eva, Vinyl Acetate-Ethylene, Ethylene Vinyl Alcohol, Vinyl Chloride-Vinyl Acetate copolymers, and other compounds are made with VAM.
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The market is divided into end-user categories such as packaging, construction, textile, cosmetics, and others. Changing consumer tastes and demand are expected to drive significant growth in the textile end-user industry throughout the forecast period. In addition, growing demand for photovoltaic cells, which in turn increase demand for Vinyl Acetate Monomer, is another factor driving the growth of the target market in the forecast period.
Due to rising demand for construction and packaging, the Asia-Pacific region accounts for the lion’s share of Vinyl Acetate Monomer. Due to increasing demand of VAM from emerging economies of Asia Pacific, the manufacturers are ramping up their manufacturing units and pushing the growth of Vinyl Acetate Monomer market through 2030.
Vinyl Acetate Monomer Market was significantly impacted by the covid 19 outbreak, because of the ongoing lockdowns, supply chain disruptions, manufacturing industry shutdowns, and production halts. The pandemic had a significant impact on the market of Vinyl Acetate Monomer. Food packaging based on VAM prevents items from spoiling, increases shelf life, and ensures food quality and safety, all of which drive the Vinyl Acetate Monomer Market. Every major developed economy was in a condition of economic recession. Significant contractions occurred in the economy of the United States, Germany, Italy, Japan, Canada, and France. As a result of the government’s national lockdowns and stringent restrictions in the first half of 2020, several enterprises, end-use industries, and other facilities were impacted.
“Vinyl Acetate Monomer Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030” major players in the Vinyl Acetate Monomer are Celanese Corporation, (China Petroleum & Chemical Corporation) Sinopec, Dairen Chemical Corporation, LyondellBasell Industries, Wacker Chemie AG, Sipchem, Innospec Inc., Exxon Mobil Corporation, Arkema SA.
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“Constantly increasing demand for Vinyl Acetate Monomer from several end-use industries including food, packaging, paints, adhesives, textile, cosmetics and others is projected to boost the market in the forecast period. Asia Pacific is expected to continue its dominance during the assessment period for its increase in demand from packaged beverages & food products that are elevating its demand in the packaging industry.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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