Vinyl Acetate Monomer (VAM) is a crucial ingredient for producing intermediates, resins, and emulsion polymers, which are used in wires, coatings, adhesives, and paints.
The major factors responsible for the global Vinyl Acetate market's growth are growing demand from food packaging and Solar Industries. However, the unpredictability in the feedstock prices of Vinyl Acetate is expected to hamper the market's growth.
In terms of market segmentation, the Asia Pacific region is likely going to be the fastest-growing market, owing to the increasing expenditure on construction and automotive industry in countries like China (It is the largest producer in the automotive and paints & coatings industry). Moreover, China is also the largest consumer and producer of adhesives and sealants for which VMA is needed.
The ethylene-vinyl alcohol (EVOH) segment is expected to obtain the highest growth rate over the forecast period in the Application segment due to its increasing demand in the packaging industry, polymer production, and plastic bottling applications.
The Global Vinyl Acetate market is consolidated. The major players in the global Vinyl Acetate market are Dow Chemical Company, Celanese Corporation (Hoechst Celanese), China Petrochemical Corporation, Chang Chun Group, LyondellBasell, among others.
On April 1, 2020, Celanese Corporation (a global chemical and specialty materials company) announced that it has completed the acquisition of theNouryon polymer powders business offered under the Elotex brand. Celanese will integrate the Elotex product portfolio and production facilities into its global vinyl acetate-ethylene (VAE) emulsions business to further meet global product demand.
What are the market dynamics in the global vinyl acetate monomer market?
In Asia-Pacific, Ethylene Acetoxylation is the dominant production process used for Vinyl Acetate Monomer production. It is followed by Acetylene/Acetic Acid Addition. The key plants using Ethylene Acetoxylation are CCD Singapore Jurong Island Vinyl Acetate Monomer (VAM) Plant, Dairen Chemical Corporation Mailiao Vinyl Acetate Monomer (VAM) Plant 2, and Celanese Corporation Nanjing Vinyl Acetate Monomer (VAM) Plant. The key plants using Acetylene/Acetic Acid Addition are Sinopec Great Wall Energy Chemicals Vinyl Acetate Monomer (VAM) Plant, Sinopec Chongqing SVW Chemical Co.,Ltd Vinyl Acetate Monomer (VAM) Plant
Post time: Aug-04-2022