The Global Europe Vinyl Acetate Monomer market is forecast to reach USD 11.74 Billion by 2028, according to a new report by Reports and Data.
Europe Vinyl Acetate Monomer (VAM), which is also known as acetic acid vinyl ester is an organic colorless, liquid compound, which is polyvinyl acetate’s precursor. It has a molecular formula of C4H4O2. It has considered soluble in water, and the vapor of VAM is heavier than air. It is mainly used as a monomer in the production of polyvinyl alcohol and polyvinyl acetate. VAM is an intermediate used in the manufacturing of various industrial resins and polymers to produce coatings, adhesives, paints, wire cable insulation and textiles.
Reports and Data's Global Europe Vinyl Acetate Monomer Market research report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry's driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.
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Key Companies: LyondellBasell Industries, Celanese Corporation, DuPont, The Dow Chemical Company, INEOS, Kuraray, Dairen Chemical Corp, Chang Chun Group, Sipchem, and Sinopec.
Further key findings from the report suggest
- The Europe Vinyl Acetate Monomer market held a market share of USD 06 Billion in the year 2020 that is forecasted to grow at a rate of 3.8% during the forecast period.
- In context to Production method, the Reaction of ethylene with acetate species on oxygen-covered PD segment generated the highest revenue of USD 5.56 Billion in 2020, with a CAGR 4.0% during the forecast period. Its extensive application in industrial manufacturing of VAM because of its advantage, like the reaction, produces comparatively fewer by-products results in its elevated preference among manufacturers, which contributes to the revenue generated by this segment.
- The packaging segment held the largest market share of 31.0% in 2020, with a growth rate of 3.9% during the forecast period. The market share held by the packaging segment is resultant of the continuously growing demand for packaged foods and beverages along with the expansion of online food order culture, which results in high demand for VAM wherein it is used as barrier resin. Advancements of multi-layer barrier packaging technology is also positively impacting the market share held by this segment.
- In context to Application, the Polyvinyl Alcohol (PVOH) segment held the second-largest market share of 38.0% in 2020, with a CAGR of 3.9% during the forecast period. The market share held by the Polyvinyl Alcohol (PVOH) segment is resultant of its traits like excellent emulsifying, adhesive, and film-forming properties that result in its elevated use in manufacturing textile yarns, emulsifiers, and adhesives.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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Market Segmentation:
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
Production method Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Reaction of Ethylene with Acetate Species on Oxygen-Covered PD
- Dubbed Leap
- Hydroesterification
End-User Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Construction
- Packaging
- Textiles
- Paints Coatings
- Adhesives
- Automotive
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Polyvinyl Alcohol (PVOH)
- Polyvinyl Acetate (PVA)
- Ethylene-Vinyl Alcohol (EVOH)
- Ethylene-Vinyl Acetate (EVA)
- Others
The global Europe Vinyl Acetate Monomer market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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