Market Segmentation

The global vinyl acetate monomer market has been segmented by application, end-use industry, and region.

Based on 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, polyvinyl formal, and others. Vinyl acetate monomer is mainly used in the manufacturing of polyvinyl acetate and polyvinyl alcohol. The PVOH segment accounted for the largest market share in 2021 due to the increasing demand from end-use industries such as packaging, textile, adhesives, and construction. The EVOH segment is expected to grow at the highest rate during the forecast period on account of the increasing use of EVOH as a barrier resin in food packaging, plastic bottles, and gasoline tanks.

Based on end-use industry, the market has been classified as packaging, construction, textile, adhesives, paints and coatings, automotive, cosmetics and personal care, and others. The packaging segment accounted for the largest market share owing to the rising demand for packaged food and beverages worldwide. Construction is expected to be the fastest-growing segment of the vinyl acetate monomer market, by end-use industry, as a result of rising residential and commercial construction activities.

Regional Analysis

Based on region, the vinyl acetate monomer market Report has been segregated into North America, Europe, Asia-Pacific, Latin America, 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.

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 coating 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.   

Competitive Analysis

Some of the key players in the global vinyl acetate monomer uses are this company DowDuPont (US), Wacker Chemie AG (Germany), Celanese Corporation (US) KURARAY CO., LTD (Japan), Solventis (UK), Sipchem (Saudi Arabia), Innospec (US), Exxon Mobil Corporation (US), Sinopec, China Petrochemical Corporation (China), Arkema (France), and LyondellBasell Industries N.V. (Netherlands). 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans conducts meet with the industry experts and industrial visits for its research analyst members. 

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com 

Report Related

https://www.marketresearchfuture.com/reports/tungsten-carbide-market-5388

https://www.marketresearchfuture.com/reports/polyurethane-dispersion-market-4991

https://www.marketresearchfuture.com/reports/tile-adhesive-market-1731

https://www.marketresearchfuture.com/reports/polystyrene-market-2545