Vinyl Acetate Monomer (VAM) market – Global Industry Analysis, Share, Demand, Applications and Opportunities Forecast By 2028

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Vinyl Acetate Monomer (VAM) Market 2022 Size,
Share, Overview, Trends, Demand, Forecast to
2028
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Global Market Scenario of Vinyl Acetate Monomer
(VAM) Industry
Vinyl Acetate Monomer (VAM) market size is likely
to be valued at over USD 11 billion by 2028.
Rising developments in the polymer industry and
increasing vinyl acetate monomer requirements for
manufacturing paints coatings, adhesives,
elastomers, lues sealants, paper coatings,
binders, and textiles, among others, are
providing new opportunities in the monomer
market. Some of the major findings in the Vinyl
Acetate Monomer (VAM) Market report
include Rising demands in water-based paints,
adhesives, acrylic fibers, paper coatings, and
non-woven binders. The major driver of the Vinyl
Acetate Monomer (VAM) market growth around the
globe is packaging industries. The packaging of
ready-to-eat meals beverages is propelling the
market growth.
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Continue-
Introduction of multiple layer packaging
technologies. The key industry leaders are
investing in facility upgrades, research
development, strategic mergers acquisitions,
and the establishment of new production
facilities, among others, to gain a competitive
advantage in the market. Vinyl acetate monomer
is a colorless organic monomer. It is produced by
the acetylation of ethylene with acetic acid and
oxygen. It is mainly used for producing polyvinyl
alcohol, polyvinyl acetate, ethylene vinyl
acetate, and ethylene vinyl alcohol, among other
compounds. The polyvinyl acetate segment accounts
for most of the global demand in the Vinyl
Acetate Monomer (VAM) market. Vinyl acetate
monomer has several properties including
adhesion, optical clarity, and fiber formation.
Industries, including packaging, construction,
textiles, and cosmetics, majorly consume this
compound. The rising demand for packaging
construction and the demand from other end-use
sectors, such as textiles and cosmetics, are
expected to drive the demand for vinyl acetate
monomers during the forecast period.
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360 Industry Analysis
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Based on the application segment,
Ethylene-Vinyl Acetate (EVA) is expected to
account for a revenue of around USD 1.2 billion
by 2028. Extra toughness, stress-crack
resistance, and high tensile elongation are a few
characteristics that make the polymer an ideal
choice in the packaging industry. In addition,
the segment growth is maintained by rising
disposable incomes in developing countries and
increasing ethylene-vinyl acetate resin
applications in various end-user industries such
as photovoltaic panels, footwear, and
automotive. In the end-user industry segment,
the market revenue of cosmetics is expected to
account for USD 1.6 billion by 2028, registering
a CAGR of 4.5 during the forecast period. The
rising awareness of beauty products, increasing
premium on personal grooming, and changing
consumption patterns with improved purchasing
power will have a positive impact on the
cosmetics industry. Vinyl acetate monomer
prevents emulsions from separating into oil
water components. Rising consumer interest in
cosmetic ingredients is another key factor that
will majorly contribute to the vinyl acetate
monomer demand in the coming years.
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Competitive Analysis
The Europe Vinyl Acetate Monomer (VAM) market is
expected to account for a revenue of USD 2.6
billion at a CAGR of 4 by 2028. Ethylene vinyl
acetates are used to make Ethylene Vinyl Acetate
(EVA) resins. In Europe, vinyl acetate packaging
films, foams, wires cords, solar cell
encapsulations, and hot melt adhesives are the
major products formed by the monomer. The key
market participants in the Vinyl Acetate Monomer
(VAM) industry include ExxonMobil Corporation,
Celanese Corporation, LyondellBasell Industries
N.V., Hoehn Plastics Inc., 3M Company, Innospec,
Inc., Lotte Chemical Corporation, Clariant AG,
and BASF SE.
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