DUBLIN--(BUSINESS WIRE )--The "Global Vinyl Acetate Monomer Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030" report has been added to ResearchAndMarkets.com's offering.
The global vinyl acetate monomer demand stood at 5.2 Million Tonnes in 2020 and is forecast to reach 9.097 Million Tonnes by 2030, growing at a healthy CAGR of 5.75% until 2030.
Vinyl acetate monomer is a colorless organic monomer. It is produced by acetylation of ethylene with acetic acid and oxygen. It has application in the manufacturing of several chemicals including polyvinyl alcohol, polyvinyl acetate, ethylene vinyl acetate, ethylene vinyl alcohol. Out of these, the polyvinyl acetate segment holds the highest share of global demand for vinyl acetate monomer. Vinyl acetate monomer has several properties like adhesion, optical clarity, fiber forming, etc.
Due to these properties, it has several end-use industries including packaging, construction, textile, and cosmetics. Increasing demand for packaging and construction along with the rise in the demand of other end-use industries such as textile and cosmetics is projected to drive the demand for vinyl acetate monomer during the forecast period. Moreover, the increasing need for adhesive from the construction industry is also a factor propelling the demand for vinyl acetate monomer.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. Construction and packaging were among the most affected industries during the pandemic. This had an impact on the demand for vinyl acetate monomer for the first half of 2020. The demand for vinyl acetate monomer fell during the coronavirus pandemic.
Region-wise, Asia-pacific region holds the major share of global demand for vinyl acetate monomer due to the increasing demand for construction and packaging. Moreover, increasing population and per capita income in emerging economies like India and China coupled with the growing number of industries using vinyl acetate monomer is another factor influencing demand growth in the Asia Pacific region.
Major players for vinyl acetate monomer globally include Celanese, Sinopec, Dairen Chemical Corporation, LyondellBasell Industries, Wacker Chemie AG, Sipchem, Innospec, Exxon Mobil Corporation, Arkema.
1. Global Vinyl acetate monomer Market Outlook, 2015-2030
2. Global Vinyl acetate monomer Demand Outlook, 2015-2030, By Volume
3. North America Vinyl acetate monomer Market Outlook, 2015-2030
4. North America Vinyl acetate monomer Demand Outlook, 2015-2030, By Volume
5. Asia Pacific Vinyl acetate monomer Market Outlook, 2015-2030
6. Asia Pacific Vinyl acetate monomer Demand Outlook, 2015-2030, By Volume
7. Europe Vinyl acetate monomer Market Outlook, 2015-2030
8. Europe Vinyl acetate monomer Demand Outlook, 2015-2030, By Volume
9. MEA Vinyl acetate monomer Market Outlook, 2015-2030
10. MEA Vinyl acetate monomer Demand Outlook, 2015-2030, By Volume
11. South America Vinyl acetate monomer Market Outlook, 2015-2030
12. South America Vinyl acetate monomer Demand Outlook, 2015-2030, By Volume
For more information about this report visit https://www.researchandmarkets.com/r/z2svnx
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900