The total capacity of the global vinyl acetate monomer capacity was valued at 8.47 million tonnes per annum (mtpa) in 2020 and the market is expected to grow at an AAGR of more than 3% during the period 2021-2025. China, the US, Taiwan, Japan, and Singapore are the key countries in the world accounting for more than 80% of the total Vinyl Acetate Monomer capacity.
Among regions, Asia-Pacific leads with the largest capacity contribution globally over the next five years, followed by North America, Europe, the Middle East, the Former Soviet Union, and South America. Among regions, Asia-Pacific leads with the largest capacity additions for the new build and expansion of the existing vinyl acetate monomer projects by 2025. Europe follows next with the expansion in the region is expected to add a capacity of 0.30 mtpa from one announced project. China Petrochemical Corp had the largest capacity, and the major capacity contribution was from Sinopec Great Wall Energy Chemicals Lingwu Vinyl Acetate Monomer (VAM) Plant. Sinopec Great Wall Energy Chemicals Lingwu Vinyl Acetate Monomer (VAM) Plant, Celanese Corporation Nanjing Vinyl Acetate Monomer (VAM) Plant, and Sinopec Sichuan Vinylon Works Chongqing Vinyl Acetate Monomer (VAM) Plant 2 are the major active VAM plants in the country.
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
In North America, Ethylene Acetoxylation is the only production process used for Vinyl Acetate Monomer production. Celanese VAM Technology is the dominant technology used for Vinyl Acetate Monomer production. It is followed by DuPont VAM Technology, and LyondellBasell VAM Technology. The two plants using Celanese VAM Technology are Celanese Corporation Clear Lake Vinyl Acetate Monomer (VAM) Plant, and Celanese Bay City Vinyl Acetate Monomer (VAM) Plant. The only plant using DuPont VAM Technology is Kuraray America La Porte Vinyl Acetate Monomer (VAM) Plant. The only plant using LyondellBasell VAM Technology is LyondellBasell La Porte Vinyl Acetate Monomer (VAM) Plant.
Among regions, Europe plays a vital role in global capex in the Vinyl Acetate Monomer industry. Over $193.7 million will be spent on planned and announced VAM projects between 2021 and 2025. It will be spent on an announced project, INEOS Group Hull Vinyl Acetate Monomer (VAM) Plant 2. The project is expected to start production of VAM in 2024. Asia-Pacific follows with $70.9 million to be spent on planned and announced VAM projects between 2021 and 2025.
Which are the key regions in the global vinyl acetate monomer market?
The key regions for global vinyl acetate monomer capacity are Asia-Pacific, Middle East, North America, Former Soviet Union, South America, and Europe. Asia-Pacific leads with the largest capacity contribution globally followed by North America and Europe. In 2020, within Asia-Pacific; China, Taiwan, Japan, Singapore, and South Korea were the key countries accounting for more than 90% of the total VAM capacity of the region. Within Europe, Germany was the only contributor. In North America, the US accounted for the whole capacity.
Among the top 10 countries, India leads with the largest capacity additions followed by China and the UK.It is expected to commence production of Vinyl Acetate Monomer in 2022 while for the UK, the capacity contribution will be from an announced project, INEOS Group Hull Vinyl Acetate Monomer (VAM) Plant 2, and expected to come online in 2024. In 2020, China, Taiwan, Japan, Singapore, and South Korea were the key countries in Asia-Pacific, Germany is the only country accounting for the entire capacity in the Europe region, Saudi Arabia and Iran accounted for the total vinyl acetate monomer capacity of the Middle East region, the US is the only country accounting for the entire capacity growth in the North America region, Russia and Ukraine e are the only countries in the Former Soviet Union region that accounted for the total VAM capacity of the region.
Which are the key countries in the global vinyl acetate monomer market?
Among the key countries, China led with the largest capacity contribution globally followed by the US, Taiwan, Japan, Singapore, Germany, and South Korea. In 2020, China, the US, Taiwan, Japan, and Singapore were the key countries in the world accounting for over 80% of the total vinyl acetate monomer capacity. Among the key countries, China led with the largest capacity contribution globally, and the main capacity contribution being from the plant, Sinopec Great Wall Energy Chemicals Lingwu Vinyl Acetate Monomer (VAM) Plant. The main capacity contribution for the US was from Celanese Corporation Clear Lake Vinyl Acetate Monomer (VAM) Plant, while, for Taiwan, the main capacity contribution was from Dairen Chemical Corporation Mailiao Vinyl Acetate Monomer (VAM) Plant 2.
Post time: Aug-04-2022