[Research Report] The vinyl acetate monomer market was valued at US$ 7,628.97 million in 2021 and is projected to reach US$ 10,882.28 million by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.
Market Insights and Analyst View:
The global vinyl acetate monomer market was valued at US$ 7,628.97 million in 2021 and is anticipated to reach US$ 10,882.28 by 2028, it is expected to grow at the CAGR of 5.2% during the forecast period. The market is primarily driven by the factors such as increasing demand of vinyl acetate monomer from various end-use industries. Vinyl acetate monomer (VAM) is an important intermediate used to make a number of polymers and resins. Vinyl acetate monomer is a crucial raw material used to make chemicals, which are then utilized to manufacture a wide range of consumer and industrial products. Based on application, the global vinyl acetate monomer market is segmented into polyvinyl acetate (PVA), polyvinyl alcohol (PVOH), ethylene-vinyl acetate (EVA), and others. Polyvinyl acetate has strong adhesion properties for various materials, including paper, wood, plastic films, and metals. These factors are significantly driving the global vinyl acetate monomer market globally.
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Vinyl Acetate Monomer Market: Strategic Insights
Market Size Value in US$ 7,628.97 million in 2021 Market Size Value by US$ 10,882.28 million by 2028 Growth rate CAGR of 5.2% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Vinyl Acetate Monomer Market: Strategic Insights
| Market Size Value in | US$ 7,628.97 million in 2021 |
| Market Size Value by | US$ 10,882.28 million by 2028 |
| Growth rate | CAGR of 5.2% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Growth Drivers and Challenges:
Vinyl acetate monomer is an essential material in the manufacture of many polymers and resins. Vinyl acetate monomer is the key raw material used for the production of polyvinyl acetate (PVA), polyvinyl alcohol (PVOH), ethylene-vinyl acetate (EVA), etc. Polyvinyl acetate has strong adhesion properties for various materials, including paper, wood, plastic films, and metals. It is also an important ingredient in wood glue, white glue, carpenter’s glue, and school glue. Polyvinyl alcohol is used for adhesive packaging films. The increasing demand for adhesives from various industries such as construction, furniture, etc., is driving the market growth. Furthermore, Ethylene-vinyl acetate is a thermoplastic polymer, which is used in solar cells/modules as an encapsulating agent. Ethylene-vinyl acetate is one of the most widely used encapsulant materials for photovoltaic modules. The photovoltaic module with this type of encapsulation protects cells from mechanical damage and moisture infiltration. Encapsulant sheets play an essential role in preventing water and dirt from penetrating solar panels. There is increasing use of ethylene-vinyl acetate for encapsulating solar panels due to its various properties desired for solar modules such as high electrical resistance, low water absorption characteristics, excellent optical transmission, good adhesive properties, high elasticity, etc. However, vinyl acetate monomer is produced by the reaction of ethylene and acetic acid with oxygen in the presence of a palladium catalyst. Ethylene is an important raw material for the production of vinyl acetate monomers. Ethylene is made from oil-derived products such as naphtha by steam cracking. Hence, the price of oil creates an impact on ethylene prices. Crude oil has highly volatile pricing, and this volatility can reflect in its downstream derivatives. The prices of ethylene keep fluctuating with changing crude values in the global market. In Asia, during the third quarter of 2021, there was an exponential rise in ethylene prices due to an unprecedented hike in the values of feedstock naphtha. This factor is expected to negatively impact global vinyl acetate monomer consumption, hampering the demand for global vinyl acetate monomer over the forecast period.
Report Segmentation and Scope:
The “Global Vinyl Acetate Monomer Market” is segmented based on application, end-use industry, and geography. Based on application, the global vinyl acetate monomer market is segmented into polyvinyl acetate (PVA), polyvinyl alcohol (PVOH), ethylene-vinyl acetate (EVA), and others. Based on end-use industry, the global vinyl acetate monomer market is segmented into construction, packaging, textile, and others. The global vinyl acetate monomer market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)
Segmental Analysis:
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Based on application, the global vinyl acetate monomer market is segmented into polyvinyl acetate (PVA), polyvinyl alcohol (PVOH), ethylene-vinyl acetate (EVA), and others. The polyvinyl acetate (PVA) segment held the significant share in the global vinyl acetate monomer market and is expected to register the significant growth over the forecast period. Vinyl acetate monomer is the key raw material used for the production of polyvinyl acetate (PVA). Polyvinyl acetate has good adhesive characteristics for a number of materials, including paper, wood, plastic films, and metals. Polyvinyl acetate is a significant ingredient in wood glue, white glue, carpenter's glue, and school glue. Polyvinyl acetate homopolymers can also be used in paper and paperboard coatings, construction products, carpet backing, paints and industrial coatings, and engineered fabrics.
Based on end-use industry, the global vinyl acetate monomer market is segmented into construction, packaging, textile, and others. The construction segment held the significant share in the global vinyl acetate monomer market and is expected to register the significant growth over the forecast period. The construction segment held the significant share in the global vinyl acetate monomer market and is expected to register the significant growth over the forecast period. Vinyl acetate monomer is an important intermediate used in the manufacture of various construction materials. Polyvinyl acetate, vinyl acetate ethylene, etc. are used in various building and construction products. Polyvinyl acetate is used in the construction sector as a woodworking glue. There is a high demand for laminated safety glass made by using polyvinyl butyral from the construction industry. All these factors are potentially boosting the global vinyl acetate monomer market worldwide.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Regional Analysis:
Based on geography, the global vinyl acetate monomer market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global vinyl acetate monomer market was dominated by Asia Pacific which accounted for US$ 4,073.08 Million in 2020. Asia Pacific is a major contributor holding approximately 50% share in the global market. Asia Pacific is expected to register the considerable growth at a CAGR of over 5.4% over the forecast period. The global vinyl acetate monomer market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Asia Pacific is witnessing an upsurge due to growth in urbanization, the robust growth of the automotive and construction sectors which offers ample opportunities for key market players in the vinyl acetate monomer market. Thus, the rise in the construction activities is expected to further boost the global vinyl acetate monomer market expansion in the coming years.
Industry Developments and Future Opportunities:
Various initiatives taken by the key players operating in the global vinyl acetate monomer market are listed below:
- February 2023: Celanese Corporation announced the completion of an ultra-low capital initiative to repurpose existing manufacturing and infrastructure assets to enable extra ethylene vinyl acetate (EVA) capacity at its Edmonton, Alberta site. The development will help the Acetyl Chain's downstream vinyl offering expand significantly.
Covid-19 Impact:
The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the food and beverage industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Due to the pandemic-induced economic recession, consumers became more cautious and selective in their purchasing decisions. Non-essential purchases were significantly reduced by consumers due to lower incomes and uncertain earning prospects, especially in developing regions. Many manufacturers of global vinyl acetate monomer faced decline in profits due to reduced consumer demand during the initial phase of pandemic. However, by the end of 2021, many countries were fully vaccinated, and governments announced relaxation in certain regulations including lockdowns and travel bans. People started travelling to different places which increased the demand for global vinyl acetate monomer, boosting the global vinyl acetate monomer demand. All these factors had a positive impact in the growth of global vinyl acetate monomer market across different regions.
Competitive Landscape and Key Companies:
Some of the prominent players operating in the global vinyl acetate monomer market include Celanese Corporation; Chang Chun Group; China Petroleum & Chemical Corporation; Dairen Chemical Corporation; Japan VAM & POVAL Co. Ltd.; LyondellBasell Industries Holdings B.V.; Sipchem; Solventis; The Dow Chemical Company; and Wacker Chemie AG, among others. These players offer high quality global vinyl acetate monomer and caters large number of consumers in the global market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application, and End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Asia Pacific is estimated to register the fastest CAGR in the global vinyl acetate monomer market over the forecast period. The growing application of vinyl acetate monomer and their derivatives in numerous verticals, along with the efforts undertaken by leading chemical companies, the vinyl acetate monomer market is predicted to grow in the region.
The construction segment held the largest share of the market in 2021. Vinyl acetate monomer is an important intermediate used in the manufacture of various construction materials. Polyvinyl acetate, vinyl acetate ethylene, etc. are used in various building and construction products.
In 2021, Asia Pacific held the largest share of the global vinyl acetate monomer market. The market growth in this region is attributed to growth in urbanization and the robust growth of the construction industry. Various government initiatives and substantial private investments in India and China are anticipated to propel the regional vinyl acetate monomer market. The vinyl acetate monomer is also a principal raw material for polyvinyl alcohol and vinyl acetate-ethylene emulsions chemicals, which have witnessed an extensive demand in the packaging industry, further driving the vinyl acetate monomer market growth in Asia Pacific.
The polyvinyl acetate segment is the fastest growing segment in the global vinyl acetate monomer market during the forecasted period. Increasing use of polyvinyl acetate in paints, adhesives, paper coatings, textile treatments, etc. is creating demand for vinyl acetate monomers.
The polyvinyl acetate segment held the largest share of the global vinyl acetate monomer market in 2021. Polyvinyl acetate has good adhesive characteristics for a number of materials, including paper, wood, plastic films, and metals. It is a significant ingredient in wood glue, white glue, carpenter's glue, and school glue. Additionally, polyvinyl acetate homopolymers are used in paper and paperboard coatings, construction products, carpet backing, paints and industrial coatings, and engineered fabrics.
The major players operating in the global vinyl acetate monomer market are Celanese Corporation; Chang Chun Group; China Petroleum & Chemical Corporation; Dairen Chemical Corporation; Japan VAM & POVAL Co. Ltd.; LyondellBasell Industries Holdings B.V.; Sipchem; Solventis; The Dow Chemical Company; Wacker Chemie AG; among others.
1. Introduction. 18
1.1 Study Scope. 18
1.2 The Insight Partners Research Report Guidance. 18
1.3 Market Segmentation. 19
2. Key Takeaways. 21
3. Research Methodology. 25
3.1 Scope of the Study. 25
3.2 Research Methodology. 25
3.2.1 Data Collection. 26
3.2.2 Primary Interviews. 26
3.2.3 Hypothesis Formulation. 26
3.2.4 Macro-economic Factor Analysis. 26
3.2.5 Developing Base Number 27
3.2.6 Data Triangulation. 27
3.2.7 Country Level Data. 27
4. Global Vinyl Acetate Monomer Market Landscape. 28
4.1 Market Overview.. 28
4.2 Porter’s Five Forces Analysis. 29
4.3 Expert Opinion. 31
4.4 Ecosystem Analysis. 31
5. Vinyl Acetate Monomer Market – Key Market Dynamics. 33
5.1 Key Market Drivers. 33
5.2 Key Market Restraints. 34
5.3 Key Market Opportunities. 34
5.3.1 Constant Growth in Packaging Industry: 34
5.4 Future Trends. 35
5.4.1 Use of Bio-based Raw Materials: 35
5.5 Impact Analysis. 35
6. Vinyl Acetate Monomer– Global Market Analysis. 36
6.1 Vinyl Acetate Monomer Market Overview.. 36
6.2 Vinyl Acetate Monomer Market –Revenue and Forecast To 2028 (US$ Million) 37
6.3 Competitive Positioning – Key Market Players. 38
7. Vinyl Acetate Monomer Market Analysis – By Application. 39
7.1 Overview.. 39
7.2 Vinyl Acetate Monomer Market, By Application (2020 and 2028) 39
7.3 Polyvinyl Acetate (PVA) 40
7.3.1 Overview.. 40
7.3.2 Polyvinyl Acetate (PVA): Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Mn) 40
7.4 Polyvinyl Alcohol (PVOH) 41
7.4.1 Overview.. 41
7.4.2 Polyvinyl Alcohol (PVOH): Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Mn) 41
7.5 Ethylene- Vinyl Acetate (EVA) 42
7.5.1 Overview.. 42
7.5.2 Ethylene- Vinyl Acetate (EVA): Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Mn) 42
7.6 Others: 43
7.6.1 Overview.. 43
7.6.2 Others: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Mn) 43
8. Vinyl Acetate Monomer Market Analysis – By End-Use Industry. 44
8.1 Overview.. 44
8.2 Vinyl Acetate Monomer Market, By End-Use Industry (2020 and 2028) 44
8.3 Construction. 45
8.3.1 Overview.. 45
8.3.2 Construction: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Mn) 45
8.4 Packaging. 46
8.4.1 Overview.. 46
8.4.2 Packaging: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Mn) 46
8.5 Textile. 47
8.5.1 Overview.. 47
8.5.2 Textile: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Mn) 47
8.6 Others. 48
8.6.1 Overview.. 48
8.6.2 Others: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Mn) 48
9. Global Vinyl Acetate Monomer Market – Geographic Analysis. 49
9.1 Overview.. 49
9.2 North America: Vinyl acetate monomer Market 49
9.2.1 North America: Vinyl acetate monomer Market – Analysis and Forecast to 2028 (US$ Million) 50
9.2.2 North America: Vinyl acetate monomer Market, by application. 51
9.2.3 North America: Vinyl acetate monomer Market, by End-Use Industry. 52
9.2.4 North America: Vinyl acetate monomer Market, by Key Country. 53
9.2.4.1 US: Vinyl acetate monomer Market –Analysis and Forecast to 2028 (US$ Million) 53
9.2.4.1.1 US: Vinyl acetate monomer Market, by application. 54
9.2.4.1.2 US: Vinyl acetate monomer Market, by End-Use Industry. 54
9.2.4.2 Canada: Vinyl acetate monomer Market –Analysis and Forecast to 2028 (US$ Million) 55
9.2.4.2.1 Canada: Vinyl acetate monomer Market, by application. 55
9.2.4.2.2 Canada: Vinyl acetate monomer Market, by End-Use Industry. 56
9.2.4.3 Mexico: Vinyl acetate monomer Market –Analysis and Forecast to 2028 (US$ Million) 57
9.2.4.3.1 Mexico: Vinyl acetate monomer Market, by application. 57
9.2.4.3.2 Mexico: Vinyl acetate monomer Market, by end-use industry. 58
9.3 Europe: Vinyl Acetate Monomer Market 59
9.3.1 Europe: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 59
9.3.2 Europe: Vinyl Acetate Monomer Market, By Application. 60
9.3.3 Europe: Vinyl Acetate Monomer Market, By End-Use Industry. 61
9.3.4 Europe: Vinyl Acetate Monomer Market, by Key Country. 62
9.3.4.1 Germany: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Million) 63
9.3.4.1.1 Germany: Vinyl Acetate Monomer Market, By Application. 63
9.3.4.1.2 Germany: Vinyl Acetate Monomer Market, By End-Use Industry. 64
9.3.4.2 France: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Million) 65
9.3.4.2.1 France: Vinyl Acetate Monomer Market, By Application. 66
9.3.4.2.2 France: Vinyl Acetate Monomer Market, By End-Use Industry. 66
9.3.4.3 Italy: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Million) 67
9.3.4.3.1 Italy: Vinyl Acetate Monomer Market, By Application. 67
9.3.4.3.2 Italy: Vinyl Acetate Monomer Market, By End-Use Industry. 68
9.3.4.4 UK: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Million) 69
9.3.4.4.1 UK: Vinyl Acetate Monomer Market, By Application. 69
9.3.4.4.2 UK: Vinyl Acetate Monomer Market, By End-Use Industry. 70
9.3.4.5 Russia: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Million) 71
9.3.4.5.1 Russia: Vinyl Acetate Monomer Market, By Application. 71
9.3.4.5.2 Russia: Vinyl Acetate Monomer Market, By End-Use Industry. 72
9.3.4.6 Rest of Europe: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Million) 73
9.3.4.6.1 Rest of Europe: Vinyl Acetate Monomer Market, By Application. 73
9.3.4.6.2 Rest of Europe: Vinyl Acetate Monomer Market, By End-Use Industry. 74
9.4 Asia Pacific: Vinyl Acetate Monomer Market 75
9.4.1 Asia Pacific: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 75
9.4.2 Asia Pacific: Vinyl Acetate Monomer Market, By Application. 76
9.4.3 Asia Pacific: Vinyl Acetate Monomer Market, By End-Use Industry. 77
9.4.4 Asia Pacific: Vinyl Acetate Monomer Market, by Key Country. 78
9.4.4.1 Australia: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 79
9.4.4.1.1 Australia: Vinyl Acetate Monomer Market, By Application. 79
9.4.4.1.2 Australia: Vinyl Acetate Monomer Market, By End-Use Industry. 80
9.4.4.2 China: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 81
9.4.4.2.1 China: Vinyl Acetate Monomer Market, By Application. 81
9.4.4.2.2 China: Vinyl Acetate Monomer Market, By End-Use Industry. 82
9.4.4.3 India: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 83
9.4.4.3.1 India: Vinyl Acetate Monomer Market, By Application. 83
9.4.4.3.2 India: Vinyl Acetate Monomer Market, By End-Use Industry. 84
9.4.4.4 Japan: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 85
9.4.4.4.1 Japan: Vinyl Acetate Monomer Market, By Application. 85
9.4.4.4.2 Japan: Vinyl Acetate Monomer Market, By End-Use Industry. 86
9.4.4.5 South Korea: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 87
9.4.4.5.1 South Korea: Vinyl Acetate Monomer Market, By Application. 87
9.4.4.5.2 South Korea: Vinyl Acetate Monomer Market, By End-Use Industry. 88
9.4.4.6 Rest of Asia Pacific: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 89
9.4.4.6.1 Rest of Asia Pacific: Vinyl Acetate Monomer Market, By Application. 89
9.4.4.6.2 Rest of Asia Pacific: Vinyl Acetate Monomer Market, By End-Use Industry. 90
9.5 Middle East and Africa: Vinyl Acetate Monomer Market 91
9.5.1 Middle East and Africa: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 91
9.5.4.1.1 South Africa: Vinyl Acetate Monomer Market, By Application. 95
9.5.4.1.2 South Africa: Vinyl Acetate Monomer Market, By End-Use Industry. 96
9.5.4.2 Saudi Arabia: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 97
9.5.4.2.1 Saudi Arabia: Vinyl Acetate Monomer Market, By Application. 97
9.5.4.2.2 Saudi Arabia: Vinyl Acetate Monomer Market, By End-Use Industry. 98
9.5.4.3 UAE: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 99
9.5.4.3.1 UAE: Vinyl Acetate Monomer Market, By Application. 99
9.5.4.3.2 UAE: Vinyl Acetate Monomer Market, By End-Use Industry. 100
9.5.4.4 Rest of Middle East and Africa: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 101
9.5.4.4.1 Rest of Middle East and Africa: Vinyl Acetate Monomer Market, By Application. 101
9.5.4.4.2 Rest of Middle East and Africa: Vinyl Acetate Monomer Market, By End-Use Industry. 102
9.6 South & Central America: Vinyl Acetate Monomer Market 103
9.6.1 South & Central America: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028(US$ Mn) 104
9.6.2 South & Central America: Vinyl Acetate Monomer Market, by End-Use Industry. 104
9.6.3 South & Central America: Vinyl Acetate Monomer Market, by Application. 105
9.6.4 South & Central America: Vinyl Acetate Monomer Market, by Key Country. 106
9.6.4.1 Brazil: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Mn) 106
9.6.4.1.1 Brazil: Vinyl Acetate Monomer Market, by End-Use Industry. 107
9.6.4.1.2 Brazil: Vinyl Acetate Monomer Market, by Application. 107
9.6.4.2 Argentina: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Mn) 108
9.6.4.2.1 Argentina: Vinyl Acetate Monomer Market, by End-Use Industry. 108
9.6.4.2.2 Argentina: Vinyl Acetate Monomer Market, by Application. 109
9.6.4.3 Rest of South & Central America: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Mn) 110
9.6.4.3.1 Rest of South & Central America: Vinyl Acetate Monomer Market, by End-Use Industry. 110
9.6.4.3.2 Rest of South & Central America: Vinyl Acetate Monomer Market, by Application. 111
10. Impact of COVID-19 Pandemic on Global Vinyl Acetate Monomer Market 112
10.1 Impact of COVID-19 on Vinyl Acetate Monomer Market 112
10.2 North America: Impact Assessment of COVID-19 Pandemic. 113
10.3 Europe: Impact Assessment of COVID-19 Pandemic. 114
10.4 Asia Pacific : Impact Assessment of COVID-19 Pandemic. 115
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic. 116
10.6 South and Central America: Impact Assessment of COVID-19 Pandemic. 117
11. Company Profiles. 118
11.1 Celanese Corporation. 118
11.1.1 Key Facts. 118
11.1.2 Business Description. 118
11.1.3 Products and Services. 118
11.1.4 Financial Overview.. 119
11.1.5 SWOT Analysis. 120
11.1.6 Key Developments. 121
11.2 Chang Chun Group. 122
11.2.1 Key Facts. 122
11.2.2 Business Description. 122
11.2.3 Products and Services. 122
11.2.4 Financial Overview.. 122
11.2.5 SWOT Analysis. 123
11.2.6 Key Developments. 123
11.3 china Petroleum Engineering and Construction Corporation. 124
11.3.1 Key Facts. 124
11.3.2 Business Description. 124
11.3.3 Products and Services. 124
11.3.4 Financial Overview.. 124
11.3.5 SWOT Analysis. 125
11.3.6 Key Developments. 125
11.4 Dairen Chemical Corporation. 126
11.4.1 Key Facts. 126
11.4.2 Business Description. 126
11.4.3 Products and Services. 126
11.4.4 Financial Overview.. 126
11.4.5 SWOT Analysis. 127
11.4.6 Key Developments. 127
11.5 Japan VAM & POVAL Co. Ltd. 128
11.5.1 Key Facts. 128
11.5.2 Business Description. 128
11.5.3 Products and Services. 128
11.5.4 Financial Overview.. 128
11.5.5 SWOT Analysis. 129
11.5.6 Key Developments. 129
11.6 LyondellBasell Industries Holdings B.V. 130
11.6.1 Key Facts. 130
11.6.2 Business Description. 130
11.6.3 Products and Services. 130
11.6.4 Financial Overview.. 131
11.6.5 SWOT Analysis. 131
11.6.6 Key Developments. 131
11.7 Sipchem.. 132
11.7.1 Key Facts. 132
11.7.2 Business Description. 132
11.7.3 Products and Services. 132
11.7.4 Financial Overview.. 133
11.7.5 SWOT Analysis. 133
11.7.6 Key Developments. 133
11.8 Solventi’s Ltd. 134
11.8.1 Key Facts. 134
11.8.2 Business Description. 134
11.8.3 Products and Services. 134
11.8.4 Financial Overview.. 134
11.8.5 SWOT Analysis. 135
11.8.6 Key Developments. 135
11.9 The Dow Chemical Company. 136
11.9.1 Key Facts. 136
11.9.2 Business Description. 136
11.9.3 Products and Services. 136
11.9.4 Financial Overview.. 136
11.9.5 SWOT Analysis. 138
11.9.6 Key Developments. 138
11.10 Wacker Chemie AG.. 139
11.10.1 Key Facts. 139
11.10.2 Business Description. 139
11.10.3 Products and Services. 139
11.10.4 Financial Overview.. 139
11.10.5 SWOT Analysis. 141
11.10.6 Key Developments. 141
12. Appendix. 142
12.1 About The Insight Partners. 142
12.2 Glossary
. 142
LIST OF TABLES
Table 1. Vinyl Acetate Monomer Market –Revenue and Forecast To 2028 (US$ Million) 37
Table 2. Global Vinyl Acetate Monomer Market, by Application– Revenue and Forecast to 2028 (US$ Million) 39
Table 3. Global Vinyl Acetate Monomer Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million) 44
Table 4. North America Vinyl acetate monomer Market, by application – Revenue and Forecast to 2028 (US$ Million) 51
Table 5. North America Vinyl acetate monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million) 52
Table 6. US Vinyl acetate monomer Market, by application – Revenue and Forecast to 2028 (US$ Million) 54
Table 7. US Vinyl acetate monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million) 54
Table 8. Canada Vinyl acetate monomer Market, by application – Revenue and Forecast to 2028 (US$ Million) 55
Table 9. Canada Vinyl acetate monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million) 56
Table 10. Mexico Vinyl acetate monomer Market, by application – Revenue and Forecast to 2028 (US$ Million) 57
Table 11. Mexico Vinyl acetate monomer Market, by end-use industry– Revenue and Forecast to 2028 (US$ Million) 58
Table 12. Europe: Vinyl Acetate Monomer Market, By Application – Revenue and Forecast to 2028 (US$ Million) 60
Table 13. Europe: Vinyl Acetate Monomer Market, By End-Use Industry – Revenue and Forecast to 2028 (US$ Million) 61
Table 14. Germany Vinyl Acetate Monomer Market, By Application – Revenue and Forecast to 2028 (US$ Million) 63
Table 15. Germany Vinyl Acetate Monomer Market, By End-Use Industry – Revenue and Forecast to 2028 (US$ Million) 64
Table 16. France Vinyl Acetate Monomer Market, By Application – Revenue and Forecast to 2028 (US$ Million) 66
Table 17. France Vinyl Acetate Monomer Market, By End-Use Industry – Revenue and Forecast to 2028 (US$ Million) 66
Table 18. Italy Vinyl Acetate Monomer Market, By Application – Revenue and Forecast to 2028 (US$ Million) 67
Table 19. Italy Vinyl Acetate Monomer Market, By End-Use Industry – Revenue and Forecast to 2028 (US$ Million) 68
Table 20. UK Vinyl Acetate Monomer Market, By Application – Revenue and Forecast to 2028 (US$ Million) 69
Table 21. UK Vinyl Acetate Monomer Market, By End-Use Industry – Revenue and Forecast to 2028 (US$ Million) 70
Table 22. Russia Vinyl Acetate Monomer Market, By Application – Revenue and Forecast to 2028 (US$ Million) 71
Table 23. Russia Vinyl Acetate Monomer Market, By End-Use Industry – Revenue and Forecast to 2028 (US$ Million) 72
Table 24. Rest of Europe Vinyl Acetate Monomer Market, By Application – Revenue and Forecast to 2028 (US$ Million) 73
Table 25. Rest of Europe Vinyl Acetate Monomer Market, By End-Use Industry – Revenue and Forecast to 2028 (US$ Million) 74
Table 26. Asia Pacific Vinyl Acetate Monomer Market, By Application – Revenue and Forecast to 2028 (US$ Million) 76
Table 27. Asia Pacific Vinyl Acetate Monomer Market, By End-Use Industry – Revenue and Forecast to 2028 (US$ Million) 77
Table 28. Australia Vinyl Acetate Monomer Market, By Application– Revenue and Forecast to 2028 (US$ Million) 79
Table 29. Australia Vinyl Acetate Monomer Market, By End-Use Industry – Revenue and Forecast to 2028 (US$ Million) 80
Table 30. China Vinyl Acetate Monomer Market, By Application – Revenue and Forecast to 2028 (US$ Million) 81
Table 31. China Vinyl Acetate Monomer Market, By End-Use Industry – Revenue and Forecast to 2028 (US$ Million) 82
Table 32. India Vinyl Acetate Monomer Market, By Application – Revenue and Forecast to 2028 (US$ Million) 83
Table 33. India Vinyl Acetate Monomer Market, By End-Use Industry – Revenue and Forecast to 2028 (US$ Million) 84
Table 34. Japan Vinyl Acetate Monomer Market, By Application – Revenue and Forecast to 2028 (US$ Million) 85
Table 35. Japan Vinyl Acetate Monomer Market, By End-Use Industry – Revenue and Forecast to 2028 (US$ Million) 86
Table 36. South Korea Vinyl Acetate Monomer Market, By Application – Revenue and Forecast to 2028 (US$ Million) 87
Table 37. South Korea Vinyl Acetate Monomer Market, By End-Use Industry – Revenue and Forecast to 2028 (US$ Million) 88
Table 38. Rest of Asia Pacific Vinyl Acetate Monomer Market, By Application – Revenue and Forecast to 2028 (US$ Million) 89
Table 39. Rest of Asia Pacific Vinyl Acetate Monomer Market, By End-Use Industry – Revenue and Forecast to 2028 (US$ Million) 90
Table 50. South & Central America Vinyl Acetate Monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (USD Mn) 105
Table 51. South & Central America Vinyl Acetate Monomer Market, by Application– Revenue and Forecast to 2028 (USD Mn) 105
Table 52. Brazil Vinyl Acetate Monomer , by End-Use Industry– Revenue and Forecast to 2028 (USD Mn) 107
Table 53. Brazil Vinyl Acetate Monomer , by Application– Revenue and Forecast to 2028 (USD Mn) 107
Table 54. Argentina Vinyl Acetate Monomer , by End-Use Industry– Revenue and Forecast to 2028 (USD Mn) 108
Table 55. Argentina Vinyl Acetate Monomer , by Application – Revenue and Forecast to 2028 (USD Mn) 109
Table 56. Rest of South & Central America Vinyl Acetate Monomer , by End-Use Industry– Revenue and Forecast to 2028 (USD Mn) 110
Table 57. Rest of South & Central America Vinyl Acetate Monomer , by Application– Revenue and Forecast to 2028 (USD Mn) 111
Table 58. Glossary of Terms, Global Vinyl Acetate Monomer Market 142
LIST OF FIGURES
Figure 1. Global Vinyl Acetate Monomer Market Segmentation. 19
Figure 2. Vinyl Acetate Monomer Market Segmentation – By Geography. 20
Figure 3. Global Vinyl Acetate Monomer Market Overview.. 21
Figure 4. Polyvinyl Acetate (PVA) Segment Held Largest Share of Global Vinyl Acetate Monomer Market 22
Figure 5. Asia Pacific Region Held Largest Share of Global Vinyl Acetate Monomer Market 23
Figure 6. Global Vinyl Acetate Monomer Market, Industry Landscape. 24
Figure 7. Porter's Five Forces Analysis. 29
Figure 8. Expert Opinion. 31
Figure 9. Ecosystem: Vinyl Acetate Monomer Market 31
Figure 10. Global Vinyl Acetate Monomer Impact Analysis of Drivers and Restraints. 35
Figure 11. Geographic Overview of Vinyl Acetate Monomer Market 36
Figure 12. Global: Vinyl Acetate Monomer Market – Revenue and Forecast To 2028 (US$ Million) 37
Figure 13. Vinyl Acetate Monomer Market Revenue Share, By Application (2020 and 2028) 39
Figure 14. Polyvinyl Acetate (PVA): Vinyl Acetate Monomer Market – Revenue and Forecast To 2028 (US$ Mn) 40
Figure 15. Polyvinyl Alcohol (PVOH): Vinyl Acetate Monomer Market – Revenue and Forecast To 2028 (US$ Mn) 41
Figure 16. Ethylene- Vinyl Acetate (EVA): Vinyl Acetate Monomer Market – Revenue and Forecast To 2028 (US$ Mn) 42
Figure 17. Others: Vinyl Acetate Monomer Market – Revenue and Forecast To 2028 (US$ Mn) 43
Figure 18. Vinyl Acetate Monomer Market Revenue Share, By End-Use Industry (2020 and 2028) 44
Figure 19. Construction: Vinyl Acetate Monomer Market – Revenue and Forecast To 2028 (US$ Mn) 45
Figure 20. Packaging: Vinyl Acetate Monomer Market – Revenue and Forecast To 2028 (US$ Mn) 46
Figure 21. Textile: Vinyl Acetate Monomer Market – Revenue and Forecast To 2028 (US$ Mn) 47
Figure 22. Others: Vinyl Acetate Monomer Market – Revenue and Forecast To 2028 (US$ Mn) 48
Figure 23. Global Vinyl acetate monomer Market Revenue Share, by Region (2020 and 2028) 49
Figure 24. North America: Vinyl acetate monomer Market – Revenue and Forecast to 2028 (US$ Million) 50
Figure 25. North America: Vinyl acetate monomer Market Revenue Share, by application (2020 and 2028) 51
Figure 26. North America: Vinyl acetate monomer Market Revenue Share, by End-Use Industry (2020 and 2028) 52
Figure 27. North America: Vinyl acetate monomer Market Revenue Share, by Key Country (2020 and 2028) 53
Figure 28. US: Vinyl acetate monomer Market –Revenue and Forecast to 2028 (US$ Million) 53
Figure 29. Canada: Vinyl acetate monomer Market –Revenue and Forecast to 2028 (US$ Million) 55
Figure 30. Mexico: Vinyl acetate monomer Market –Revenue and Forecast to 2028 (US$ Million) 57
Figure 31. Europe: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Million) 59
Figure 32. Europe: Vinyl Acetate Monomer Market Revenue Share, By Application (2020 and 2028) 60
Figure 33. Europe: Vinyl Acetate Monomer Market Revenue Share, By End-Use Industry (2020 and 2028) 61
Figure 34. Europe: Vinyl Acetate Monomer Market Revenue Share, by Key Country (2020 and 2028) 62
Figure 35. Germany: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Million) 63
Figure 36. France: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Million) 65
Figure 37. Italy: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Million) 67
Figure 38. UK: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Million) 69
Figure 39. Russia: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Million) 71
Figure 40. Rest of Europe: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Million) 73
Figure 41. Asia Pacific: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Million) 75
Figure 42. Asia Pacific: Vinyl Acetate Monomer Market Revenue Share, By Application (2020 and 2028) 76
Figure 43. Asia Pacific: Vinyl Acetate Monomer Market Revenue Share, By End-Use Industry (2020 and 2028) 77
Figure 44. Asia Pacific: Vinyl Acetate Monomer Market Revenue Share, by Key Country (2020 and 2028) 78
Figure 45. Australia: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 79
Figure 46. China: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 81
Figure 47. India: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 83
Figure 48. Japan: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 85
Figure 49. South Korea: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 87
Figure 50. Rest of Asia Pacific: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 89
Figure 51. Middle East and Africa: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Million) 91
Figure 52. Middle East and Africa: Vinyl Acetate Monomer Market Revenue Share, By Application (2020 and 2028) 92
Figure 53. Middle East and Africa: Vinyl Acetate Monomer Market Revenue Share, By End-Use Industry (2020 and 2028) 93
Figure 54. Middle East and Africa: Vinyl Acetate Monomer Market Revenue Share, by Key Country (2020 and 2028) 94
Figure 55. South Africa: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 95
Figure 56. Saudi Arabia: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 97
Figure 57. UAE: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 99
Figure 58. Rest of Middle East and Africa: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Million) 101
Figure 59. South & Central America: Vinyl Acetate Monomer Market – Revenue and Forecast to 2028 (US$ Mn) 104
Figure 60. South & Central America: Vinyl Acetate Monomer Market Revenue Share, by End-Use Industry (2020 and 2028) 104
Figure 61. South & Central America: Vinyl Acetate Monomer Market Revenue Share, by Application (2020 and 2028) 105
Figure 62. South & Central America: Vinyl Acetate Monomer Market Revenue Share, by Key Country (2020 and 2028) 106
Figure 63. Brazil: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Mn) 106
Figure 64. Argentina: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Mn) 108
Figure 65. Rest of South & Central America: Vinyl Acetate Monomer Market –Revenue and Forecast to 2028 (US$ Mn) 110
Figure 66. Impact of COVID-19 Pandemic in North America. 113
Figure 67. Impact of COVID-19 Pandemic in Europe. 114
Figure 68. Impact of COVID-19 Pandemic in Asia Pacific. 115
Figure 69. Impact of COVID-19 Pandemic in Middle East & Africa. 116
Figure 70. Impact of COVID-19 Pandemic in South and Central America. 117
The List of Companies - Vinyl Acetate Monomer Market
- Celanese Corporation
- Chang Chun Group
- China Petroleum & Chemical Corporation
- Dairen Chemical Corporation
- Japan VAM & POVAL Co. Ltd.
- LyondellBasell Industries Holdings B.V.
- Sipchem
- Solventis
- The Dow Chemical Company
- Wacker Chemie AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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