The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

Market Overview

The vinyl acetate monomer (VAM) market has shown robust growth in recent years, with the market size increasing from $9.14 billion in 2023 to $9.66 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. This growth can be attributed to several factors, including:

• Expansion in the construction industry
• Growth in the packaging sector
• Increased applications in textiles and nonwovens
• Rise in consumer goods manufacturing
• Higher demand for paints and coatings

 

Future Growth Projections

The VAM market is expected to continue its upward trajectory, reaching $11.83 billion by 2028 at a CAGR of 5.2%. Key drivers for this future growth include:

• Urbanization and infrastructure development
• Advancements in packaging materials
• Focus on sustainable and eco-friendly products
• Expansion of the automotive industry
• Technological innovations in the textile sector

 

Major Trends

• Enhanced formulations in food packaging
• Expansion in the Asia-Pacific market
• Adoption in photovoltaic encapsulation
• Shift toward water-based adhesives
• Innovations in packaging solutions

 

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Construction Industry Boost

The construction industry’s growth is a significant factor driving the VAM market. The sector involves the planning, design, construction, and maintenance of physical structures and infrastructure, including:

• Buildings
• Roads
• Bridges
• Dams
• Utilities

 

VAM in Construction

VAM is crucial in producing adhesives and coatings used in various construction applications, contributing to:

• Strong, durable adhesives
• High-performance sealants and coatings

Example

• According to the United States Census Bureau, construction spending in the U.S. increased from $1,768.2 billion in March 2022 to $1,834.7 billion in March 2023, a 3.8% increase.

 

Leading Companies

• The Dow Chemical Company
• Wacker Chemie AG
• Kuraray Co. Ltd.
• Sinopec Corp.
• LyondellBasell Industries N.V.
• And more…

 

Key Trends in Plant Installations

New plant installations are a significant trend in the VAM market. Companies are investing heavily to develop VAM products and materials, such as:

• Asian Paints Ltd.: Invested $32.1 million in October 2022 to set up a facility producing 100,000 tons of VAM and 150,000 tons of vinyl acetate ethylene emulsion annually.

 

Joint Ventures

• Asian Paints also entered a deal with Riddhi Siddhi Crusher & Land Transport, UAE, and Associated Soap Stone Distributing, investing over $6.7 million over two years.

 

INEOS Expands with Eastman Chemical Acquisition

In December 2023, INEOS Group Limited acquired Eastman Chemical Texas City, Inc., aiming to expand its acetyls business by leveraging affordably priced raw materials and promoting sustainability.

 

Acquisition Details

• INEOS Group Limited: UK-based chemical producer
• Eastman Chemical Texas City, Inc.: US-based specialty materials company

 

Market Segmentation

By Application

• Polyvinyl Alcohol (PVOH)
• Polyvinyl Acetate (PVA)
• Ethylene-Vinyl Acetate (EVA)
• Vinyl Acetate Ethylene (VAE)
• Ethylene-Vinyl Alcohol (EVOH)
• Other Applications

By End-User

• Packaging
• Construction
• Textile
• Cosmetics
• Other End-User Industries

By Sales Channel

• Direct Sale
• Indirect Sale

 

Regional Insights

Asia-Pacific was the largest region in the VAM market in 2023, reflecting strong regional demand and growth potential.

 

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The Vinyl Acetate Monomer Global Market Report 2024  provides an overview of the vinyl acetate monomer market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The vinyl acetate monomer market forecast analyzes vinyl acetate monomer market size, vinyl acetate monomer market share, leading competitor and their market positions.

 

The Table Of Content For The Vinyl Acetate Monomer Market Include:
1. Vinyl Acetate Monomer Market Executive Summary
2. Vinyl Acetate Monomer Market Segments
3. Vinyl Acetate Monomer Market Size And Vinyl Acetate Monomer Market Growth Rate
4. Key Vinyl Acetate Monomer Market Trends
5. Major Vinyl Acetate Monomer Market Drivers
……
25. Key Mergers And Acquisitions In The Vinyl Acetate Monomer Market
26. Top Vinyl Acetate Monomer Companies
27. Vinyl Acetate Monomer Market Opportunities And Strategies
28. Vinyl Acetate Monomer Market, Conclusions And Recommendations
29. Appendix

 

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