Introduction And Overview:
Vinyl Acetate Monomer (VAM) is produced when ethylene and acetic acid react with oxygen in the presence of a palladium catalyst. VAM is widely used in the manufacturing of other chemicals such as polyvinyl alcohol, polyvinyl acetate, ethylene vinyl acetate, vinyl acetate ethylene, ethylene vinyl alcohol, vinyl chloride-vinyl acetate copolymers, and others. Vinyl Acetate Monomer is also known as acetic acid ethenyl ester, acetic acid ethylene ether, acetoxyethene, 1-acetoxyethylene, ethenyl ethanoate, ethenyl acetate, and acetic acid vinyl ester. VAM, the product finds application in adhesives, paints and coatings, laminated automotive and commercial building glass, textiles, packaging, and others.
The Global Vinyl Acetate Monomer Market is driven by the rapidly growing packaging industry across the globe. The increasing demand for packaged beverages and food products owing to convenience and improved product shelf is expected to propel market growth. With the introduction of multiple-layer barrier packaging technology, demand for the product is rising in the packaging industry.
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Intended Audience:
• Vinyl acetate monomer manufacturers
• Traders and distributors of vinyl acetate monomer
• Research and development institutes
• Potential investors
• Raw material suppliers
• Nationalized laboratories
Segmentation:
The Global Vinyl Acetate Monomer Market (VAM) has been segmented by application, end-use industry, and region.
By application, the market has been segmented into polyvinyl acetate (PVA), polyvinyl alcohol (PVOH), ethylene vinyl acetate (EVA), vinyl acetate ethylene (VAE), ethylene vinyl alcohol (EVOH), vinyl chloride-vinyl acetate copolymers, polyvisnyl formal, and others.
Based on end-use industry, the market has been segregated into packaging, construction, textile, adhesives, paints and coatings, automotive, cosmetics and personal care, and others.
By region, the vinyl acetate monomer market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Regional Analysis:
The Vinyl Acetate Monomer Market (VAM) has been divided into five region across the world namely; North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa.
Asia-Pacific accounted for the largest share of the vinyl acetate monomer market on account of the rising demand for the product from major end-use industries such as packaging, construction, and textile.
The North America is a prominent region for the vinyl acetate monomer market due to the growing flexible packaging industry with increasing consumption of packaged beverages and food products. Additionally, the growth of the apparel and textile industry with changing fashion trends and high per capita income of consumers is driving market growth further.
The North American market was closely followed by the European market which is expected to witness considerable growth during the review period. This growth can be attributed to the surging demand for paints and coatings from the burgeoning construction industry.
The markets in Latin America and the Middle East & Africa are likely to witness moderate growth during the review period as a result of growing major end-use industries in the regions.
Top Global Vendors:
The key players available in the Global Vinyl Acetate Monomer Market (VAM) are; Exxon Mobil Corporation (US), Solventis (UK), DowDuPont (US), Wacker Chemie AG (Germany), Innospec (US), LyondellBasell Industries N.V. (Netherlands), Sipchem (Saudi Arabia), Sinopec, China Petrochemical Corporation (China), Arkema (France), and Celanese Corporation (US), KURARAY CO. LTD. (Japan).
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