Vinyl Acetate Market Is Currently Valued At US$ 10.5 Billion In 2023

Vinyl Acetate Market

In 2023, the market for vinyl acetate was estimated to be worth US$ 10.5 billion. From 2023 to 2033, it is expected to grow at a 4.5% CAGR. In-depth analyses of developing market trends, well-known market segments, key investment opportunities, value chains, regional environments, and competitive situations are provided in the report.

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The chemical compound vinyl acetate has the formula CH3CO2CH=CH2. It is colorless. In the production of resins and polymers used in glues, sealants, paints and coatings, elastic materials, binders, films, and a variety of other industrial and consumer uses, vinyl acetate monomer (VAM) is a crucial intermediary. New applications have emerged as a result of innovations in properties like adhesion, moisture resistance, and flexibility, which have also increased market prospects.

Demand for vinyl acetate is increasing as a result of the expansion of significant downstream applications such polyvinyl acetate, polyvinyl alcohol, and ethylene vinyl acetate. The product’s rapidly developing end usage is the production of ethylene vinyl alcohol. Additionally, packing film, foam, wires and cables, hot melt adhesives, and the encapsulation of photovoltaic (PV) modules in solar cells are all made with EVA resins. Demand for photovoltaic panels, which are used in solar cells, is anticipated to increase during the anticipated time frame.

Companies Profiled

  • Celanese Corporation
  • ExxonMobil Corporation
  • China Petrochemical Corporation
  • Dairen Chemical Corporation
  • Clariant Ltd.
  • Kuraray Co., Ltd.
  • LyondellBasell Industries Holdings B.V.
  • ECI Group S.R.L.
  • Shandong Yulong Petrochemical Co. Ltd.

Growth is projected to be fueled by expanding demand for plastic packaging from a variety of consumer and industrial product production industries, as well as increased usage of adhesives in the building, furniture, paints and coatings industries. Additionally, it is anticipated that throughout the projection period, increased vehicle manufacturing and infrastructure development, particularly in developing countries, will propel demand for vinyl acetate globally.

Key Takeaways from Market Study

  • The global market for vinyl acetate reached a valuation of US$ 10.05 billion in 2022.
  • From 2023 to 2033, worldwide demand for vinyl acetate is predicted to rise at a 4.5% CAGR.
  • By 2033, the global market is expected to reach US$ 16.2 billion.
  • Leading manufacturers of vinyl acetate include Clariant, ExxonMobil Corporation, and Celanese Corporation

The market for vinyl acetate is being driven by the growth of end-use industries, rising construction activities, and overall improving economic conditions in different regions. Demand for vinyl acetate is closely tied to the construction sector since it is used in adhesives and coatings for various construction applications,” says a Fact.MR analyst.

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The chemical formula for vinyl acetate is CH3CO2CH=CH2. These commercial polymers, such as polyvinyl acetate, ethene-vinyl acetate copolymers, and polyvinyl alcohol, are all made from this colourless liquid. The esterification of vinyl alcohol and acetic acid produces vinyl acetate. Vinyl acetate is produced by a more difficult procedure than other acetate esters because vinyl alcohol is more unstable than acetaldehyde.

The versatile polymer polyvinyl acetate (PVA) is used in a variety of industries. In the production of resins, textiles, films, textile coatings, paints, and adhesives, polyvinyl acetate polymers are frequently utilised. Adhesives based on PVA are frequently used in construction, packaging, paper bonding, and woodworking. Paints and coatings made with PVA have excellent adhesion, flexibility, and water resistance.

Market Competition

The global market is highly competitive and fragmented, with several global and regional players. Key producers of vinyl acetate include Celanese Corporation, Dow Chemical Company, Wacker Chemie AG, Sinopec Group, and Kuraray Co., Ltd., among others. These companies are involved in continuous research and development activities to improve production processes and develop innovative applications for vinyl acetate.

  • Celanese Corporation announced the completion of an ultra-low capital program in February 2023 to reuse the present manufacturing and construction expenditures at its Edmonton, Alberta plant to enable additional ethylene vinyl acetate (EVA) capacity. The new product significantly enhances the company’s downstream vinyl offering.

Key Segments of Vinyl Acetate Industry Research

  • By Process :
    • Ethylene Process
    • Acetylene Process
  • By Application :
    • Polyvinyl Acetate
    • Polyvinyl Alcohol
    • Ethylene Vinyl Acetate
  • By End Use :
    • Solar
    • Automotive
    • Building & Construction
    • Packaging
    • Textiles
  • By Region :
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global vinyl acetate market, presenting historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.

The study divulges essential insights on the market based on process (ethylene process, acetylene process), application (polyvinyl acetate, polyvinyl alcohol, ethylene vinyl acetate), and end use (solar, automotive, building & construction, packaging, textiles), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).

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