Vinyl acetate monomer is widely used in production of polyvinyl acetate which finds applications as adhesives, paints & coatings, textiles and paper among others. Polyvinyl acetate offers advantages like high durability, flexibility and water resistance. Rising demand from paints & coatings industry driven by growth in construction sector especially in Asia Pacific is expected to drive the global vinyl acetate monomer market.

The global vinyl acetate monomer market is estimated to be valued at US$ 10.78 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends driving the vinyl acetate monomer market growth is its increasing use in paints & coatings application. Polyvinyl acetate which is derived from vinyl acetate monomer is widely used as a binder in paints & coatings. Properties like durability, flexibility and water resistance make polyvinyl acetate an important ingredient in manufacturing paints & coatings. Growing construction activities especially in emerging economies of Asia Pacific is driving the demand for paints & coatings. Rapid urbanization and increasing disposable income are contributing to the growth of residential & commercial construction market in the region. This in turn is propelling the consumption of polyvinyl acetate and vinyl acetate monomer. The market is expected to witness significant demand from paints & coatings application over the forecast period.

Segment Analysis

The global vinyl acetate monomer market is dominated by the packaging sub-segment due to its wide range of applications in food packaging, consumer goods packaging, construction materials, textiles and more. Vinyl acetate monomer mainly used as an emulsifier and adhesive in polyvinyl acetate resins which are used in packaging of various goods and items. It also increases the water and solvent resistance of packaging materials.

Key Takeaways

The Global Vinyl Acetate Monomer Market size is expected to witness high growth during the forecast period of 2024 to 2031. The global vinyl acetate monomer market is estimated to be valued at US$ 10.78 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024-2031.

The Asia Pacific region dominated the global market in 2023 and is expected to maintain its dominance during the forecast period. Countries such as China and India have abundant raw material availability and presence of major vinyl acetate monomer producers which is fueling the market growth in the region.

Key players operating in the vinyl acetate monomer market are Celanese Corporation, Dairen Chemical Corporation, Japan VINYL ACETATE MONOMER & POVAL Co. Ltd., Kuraray Co. Ltd., LyondellBasell Industries, Ningxia Yinglite Chemical Co., Ltd., China Petroleum & Chemical Corporation (Sinopec Corp.), The Dow Chemical Company, Wacker Chemie AG.

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