According to ChemAnalyst report, “Global Vinyl Acetate Monomer (VAM) Market Analysis: Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030”, global Vinyl Acetate Monomer (VAM) market has shown impressive growth and is anticipated to reach about 8500 thousand tonnes by 2030 at a CAGR of 4.91% during the forecast period.

Vinyl Acetate Monomer (VAM) is widely utilized as a monomer in the manufacture of other chemicals that are used in a wide variety of industrial and downstream products. VAM is a clear, colourless liquid with a characteristic sweet odor. The addition of Acetic Acid to Acetylene is the oldest and most widely acceptable industrial procedure for VAM production. The most extensively used method for producing Vinyl Acetate is the catalytic oxidation of Acetic Acid to Ethylene. Vinyl Acetate Monomer can also be prepared synthetically, although this is relatively rare because of its high costs.

VAM is a versatile polymer that is used to make PVA, EVA co-polymers, vinyl acrylic co-polymers, acrylic fibres, and other products. The growing demand for Vinyl Acetate Monomer in paints & coatings, adhesives and polymers is expected to drive the Vinyl Acetate Monomer market in the upcoming years. The reaction of upstream Ethylene and Acetic Acid with Oxygen in the presence of a Palladium catalyst is used as an industrial manufacturing process for Vinyl Acetate Monomer.

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Based on the application type, VAM finds applications in paints, adhesives and lamination in automobiles. The food and packaging industries are the major dominating industries that consume the highest percentages of Vinyl Acetate Monomer. PVA, Polyvinyl Acetate, Eva, Vinyl Acetate-Ethylene, Ethylene Vinyl Alcohol, Vinyl Chloride-Vinyl Acetate copolymers, and other compounds are made with VAM.

The global Vinyl Acetate Monomer (VAM) market is segmented based on end-use, sales channel, and region. The major end use industries of the chemical compound based on its applications are Packaging, Construction, Textile, Adhesives & Sealants, Paints & Coatings, and Others. Packaging industry is dominating the Vinyl Acetate Monomer (VAM) market globally. This industry held a market share of approximately 30% of the total demand in 2021

Due to rising demand for construction and packaging, the Asia-Pacific region accounts for the highest market share of Vinyl Acetate Monomer. Due to increasing demand of VAM from emerging economies of countries situated in this region, the manufacturers are ramping up their manufacturing units and pushing the growth of Vinyl Acetate Monomer market through 2030. In addition, the USA produces most of the vinyl acetate monomer, followed by China.

“Global Vinyl Acetate Monomer (VAM) Market Analysis: Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030”, the significant players functional in the Global VAM market include Sinopec Sichaun Vinylon works, Sinopec Greatwall Energy, LyondellBasell Industries, Millenium Petorchemicals, DuPont, Lotte BP Chemical, Wacker-Chemei, JVP, and Stavrolen.

“The Surging demand for Vinyl Acetate Monomer from several end-use industries including food, packaging, paints, adhesives, textile, cosmetics and others is projected to boost the market in the forecast period. Asia Pacific is expected to continue its dominance during the assessment period for its increase in demand from packaged beverages & food products that are elevating its demand in the packaging industry.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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