Vinyl acetate or VAM for short is one of those low-profile behind-the-scenes polymers. Because of its unique chemical characteristics, VAM is used as a key intermediate which is utilized in the making of some polymers and resins for adhesives, coatings, paints, films, textiles and other end-products. It is also used in developing barrier resins for the plastic bottles. Adhesives and plastic products demand are increasing day to day for people’s convenience in everyday activities. And with such surge of the request for various products which are manufactured with vinyl acetate, it can be anticipated that vinyl acetate market will accelerate over the forecast period.
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Global Vinyl acetate Market Dynamics:
The growth of global vinyl acetate market is driven by growth in adhesive industries. Woodworks, furniture, fixtures, paper products manufacturers are increasing across the globe and manufacturing such products different adhesive, and glue is needed. And glues and adhesive binding properties are mostly dependent on vinyl acetate. Such demand will drive the growth of vinyl acetate market. Industries such as diapers and feminine hygiene products are manufactured in a way which can be easily be used with opening and closing of adhesive label in it. Such design has been able possible due to vinyl acetate based adhesives. Such features and uses about vinyl acetate are few of the key factors for driving the vinyl acetate market globally.
Factors such as decline in growth of vinyl acetate consuming industries, since vinyl acetate is a crude oil derived product, price fluctuation and crisis in production of crude oil, environmental regulations and bans on specific industries can downwardly impact the growth of vinyl acetate industries.
Global Vinyl acetate Market Segmentation:
Global vinyl acetate market is segmented by application, end-user, and region. By implementation, global vinyl acetate market is segmented as coating, adhesive ingredient. Among the application segment, adhesive ingredient contributes for the significant revenue share over the forecast period in global vinyl acetate market, owing to increasing demand for the various type of adhesives in various segments. By end-user, the global vinyl acetate market is segmented as the construction industry, FMCG industry, and Automobile industry.
Based on application, the global vinyl acetate market is segmented into:
Based on end-user, the global vinyl acetate market is segmented into:
- Construction Industry
- Automobile Industry
- FMCG Industry
Global Vinyl acetate Market Regional Outlook:
Based on the geographies, the global vinyl acetate market is fragmented into seven key regions — North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa. Among the regions mentioned above, North America accounts for a significant share of global vinyl acetate market, owing to relatively high-value share in the region in the global adhesive industry.
The high demand of vinyl acetate in North America is due to high penetration of various industries such as FMCG, woodworks, ancillary industries etc.. Western Europe is followed by North America region in the global vinyl acetate market, owing to the substantial growth of various industries in the region which require a lot of adhesives. The Asia-Pacific except Japan region accounts for significantly high volume share in the global vinyl acetate market, owing to the substantial growth in the manufacturing industry in the region.
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Eastern Europe and Japan also accounts for significant value share in the global vinyl acetate market over the forecast period. The developing economy such as Middle East Africa and Latin America have been exhibiting moderate opportunity in the global vinyl acetate market, owing to the average growth rate in the construction industry and growing population. Overall, the outlook for the global vinyl acetate market will have a positive growth over the forecast period, owing to the increasing demand for the pharmaceuticals as an anti-counterfeiting measure.
Global Vinyl acetate Market Player:
Few players in the global vinyl acetate market include Sinopec, GD Younglight Energy and Chemical group, Sipchem, BASF, Clariant, Eni, Wacker, The Dow Chemical Company others.