Vinyl Acetate Monomer Market Size, Trends and Growth Analysis by 2027

The vinyl acetate monomer (VAM) market was valued at approximately US$ 7,628.97 million in 2021 and is anticipated to grow to US$ 10,882.28 million by 2028, reflecting a compound annual growth rate (CAGR) of 5.2% during the period from 2021 to 2028.

VAM serves as a crucial intermediate in the production of various polymers and resins. The demand for vinyl acetate monomers is significantly driven by multiple end-use sectors, including construction, packaging, and textiles. Additionally, the rising application of ethylene-vinyl acetate in solar panel encapsulation is further propelling the demand for this monomer, thus enhancing the overall growth of the vinyl acetate monomer market.

The global vinyl acetate monomer market is categorized based on application into several segments: polyvinyl acetate (PVA), polyvinyl alcohol (PVOH), ethylene-vinyl acetate (EVA), and others. Among these, the polyvinyl acetate segment dominated the market share in 2020. Polyvinyl acetate homopolymers find extensive use in various applications such as coatings for paper and paperboard, construction materials, carpet backing, paints, industrial coatings, and engineered fabrics. The increasing utilization of polyvinyl acetate in paints, adhesives, paper coatings, and textile treatments is driving the demand for vinyl acetate monomers.

In 2020, the Asia Pacific region accounted for the largest revenue share in the global vinyl acetate monomer market. The rapid urbanization and significant growth of the construction industry across several APAC nations present substantial opportunities for market participants. Notably, the building and construction sector in countries like China and India plays a pivotal role in the market's expansion. For example, in India, the construction industry ranks as the second largest sector after agriculture, contributing around 11% to the nation?s GDP. As the applications of vinyl acetate monomers and their derivatives continue to expand across various industries, coupled with initiatives from leading chemical companies, the market is expected to experience robust growth in this region.

Key players in the global vinyl acetate monomer market include Celanese Corporation, Chang Chun Group, China Petroleum & Chemical Corporation, Dairen Chemical Corporation, Japan VAM & POVAL Co. Ltd., LyondellBasell Industries Holdings B.V., Sipchem, Solventis, The Dow Chemical Company, and Wacker Chemie AG. These companies are highly focused on developing innovative and high-quality products to meet customer demands.

The overall size of the global vinyl acetate monomer market has been determined through a combination of primary and secondary research methodologies. The research process commenced with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. Furthermore, numerous primary interviews were conducted with industry stakeholders to validate the findings and gain deeper analytical insights. Participants in this research included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the vinyl acetate monomer sector.