Sellbyville, DE -- (SBWire) -- 10/10/2018 --Global Market Insights presents a most up-to-date research on "Vinyl Acetate Monomer (VAM) Market – Global Industry Analysis, Size, Share, Application (Polyvinyl Alcohol, Polyvinyl Acetate, Ethylene Vinyl Acetate, Vinyl Acetate Ethylene, Ethylene Vinyl Alcohol), Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Germany, U.K, France, Spain, Italy, China, India, Japan, South Korea, Australia, Brazil, Mexico, Saudi Arabia, South Africa, UAE) and Forecast 2017 – 2024".
Report predicts Vinyl Acetate Monomer Market size will likely surpass USD 10 billion by 2024. Vinyl acetate is an intermediary used for producing polymers and copolymers which are used in paints, paper coatings, adhesives, etc. It occurs as a clear and colorless liquid. This intermediary composite is majorly used for producing polyvinyl acetate and polyvinyl alcohol. Polyvinyl acetate has improved bonding property which find application in industrial and paper coatings whereas polyvinyl alcohol is significantly used in textiles, photosensitive coatings, packaging, etc.
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Packaging application is led by increasing consumption of processed food products. Due to shift in eating habitats and rise in numbers of working population globally which is subsequently surging the demand for fast food and packaged food products. Accelerating the need for protective and eco-friendly packaging. Moreover, several fast food restaurants and take away outlets are witnessing substantial growth in recent years which is propelling the need for different varieties of packaging material.
Building and infrastructure industry is rising exponentially to established better facilities. Ongoing trend of industrialization and urbanization is stimulating the demand for better roads, railways, ports and water utilities in developing economies. Moreover, growth in retail industry had dictated the requirement for better logistic system, warehousing facilities and stores which is favoring the building and infrastructure industry. Hence, building and infrastructure industry is anticipated to grow over the years which in turn will generate higher returns for vinyl acetate monomer market.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. The Dow Chemical Company
2. Wacker Chemie
3. Celanese Corporation
4. KURARAY CO., LTD.
5. Sipchem
6. NINGXIA YINGLITE CHEMICAL CO., LTD
7. Ineospec Inc.
8. Exxon Mobil Corporation
9. Sinopec Group
10. Arkema
11. LyondellBasell
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Latin America is majorly dominated by Brazil, increasing usage of vinyl acetate in packaging, construction and textile industry is substantially growing the Vinyl Acetate Monomer Market over anticipated timeframe. North Amrica is driven by construction and textile indsutry, rising investment in construction industry as well as growing fashion trends in U.S is instrumental in influencing the growth of vinyl actate monomer market.
Middle East & Africa is second largest market for vinyl acetate monomer. High demand for vinyl acetate in building and infrastructure industry is compelling serveral manufacturers to increase their production capacity. For instance Sipchem had opened new plant in Jubail, Saudi Arabia to produce ethylene vinyl acetate for meeting the demand of suppliers. Ethylene vinyl acetate have inclusive applications in various end user industries such as textile, construction etc. as it used in manufacturing adhesives, coatings, paints etc.
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The prominent VAM Market players are Exxon Mobil Corporation, Dow Chemical, Ineospec Inc, Celanese Corporation, Sipchem, Wacker Chemie, NINGXIA YINGLITE CHEMICAL, KURARAY CO., LTD., LyondellBasell, Arkema and Sinopec Group among others. Most of the companies in this market are ensuing similar strategies like expanding their production capacity and increasing their products prices to explore greater opportunities and gain competitive advantage.
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Vinyl Acetate Monomer Market Growing at 4.6% Growth by 2024: The Dow Chemical Company, Wacker Chemie, Celanese, ExxonMobil
Growing application in construction and packaging is driving the vinyl acetate monomer market size. Packaging segment is escalating at a remarkable pace in recent years and is predicted to grow during the forecat period