Vinyl Acetate Monomer Market
Vinyl Acetate Monomer Market Study by 99% & Above and <99% Purity for Packaging, Construction, Textiles, and Cosmetics from 2024 to 2034
Analysis of Vinyl Acetate Monomer Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Vinyl Acetate Monomer Market Outlook (2024 to 2034)
Growing demand for vinyl acetate monomers for manufacturing adhesives is due to their enhanced fiber-forming, electrical, optical, and adhesive properties, which will aid the market in reaching a value of US$ 9.08 billion in 2024. As per Fact.MR’s projections, stakeholders can expect the global vinyl acetate monomer market size to expand at 4.7% CAGR and reach US$ 14.37 billion by the end of 2034.
Constant expansion of the adhesive industry based on rising demand from prominent end-use industries, including construction, furniture, automobiles, etc. is anticipated to contribute to the vinyl acetate monomer market growth. Vinyl acetate monomers are utilized for the manufacturing of industrial and consumer products. Increasing requirements for paints & coatings with rising infrastructure expenditure, particularly in potentially high growth countries are projected to impact their demand positively.
Growing shale gas activities for exploration and manufacturing are estimated to ensure a regular supply of prominent raw materials for vinyl acetate monomer manufacturing. Crude oil is used as one of the prominent raw materials for vinyl acetate monomer production. Vinyl acetate monomers are ideal for use in architectural coating due to their low environmental impact.
- Global demand for vinyl acetate monomers for application in ethylene vinyl alcohol is projected to increase at 4.6% CAGR and reach a market value of US$ 7.47 billion by the end of 2034.
- North America is forecasted to account for 17.5% of the vinyl acetate monomer market share by 2034-end.
- Sales of vinyl acetate monomers in Japan are set to rise at a CAGR of 2.6% from 2024 to 2034.
Growing requirements for PV (photovoltaic) cells along with an expansion of the food packaging sector are anticipated to offer opportunities for suppliers of vinyl acetate monomers in the coming 10 years. In addition, increasing infrastructure spending along with growing environmental concerns are leading to the implementation of stringent regulations, which are widening the application scope of vinyl acetate monomers.
| Report Attributes | Details |
|---|---|
| Vinyl Acetate Monomer Market Size (2024E) | US$ 9.08 Billion |
| Forecasted Market Value (2034F) | US$ 14.37 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.7% CAGR |
| South Korea Market Growth Rate (2024 to 2034) | 5.2% CAGR |
| Market Share of <99% Pure Monomers (2034F) | 69.2% |
| East Asia Market Share (2034F) | 24.6% |
| Key Companies Profiled |
|
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Which Aspects are Driving Global Demand for Vinyl Acetate Monomers?
“Rising Use of Vinyl Acetate Monomers in Packaging and Construction Sectors”
Certain properties of vinyl acetate monomers, including adhesive strength, etc. contribute to their popularity in the construction industry. Potentially high-growth countries and developed countries are spending more on infrastructure and construction activities. In addition, the growing demand for several types of packaging solutions in industries as well as the expansion of the e-commerce industry are set to create a positive influence on the vinyl acetate monomer market trends.
Vinyl acetate monomers are used extensively in textile and cosmetic sectors owing to their water solubility. In addition, their rising use in personal care products and water-based cosmetics is also helping players increase their profit share.
“Growing Requirements for Polyvinyl Acetate Resins”
Vinyl acetate monomers are used widely in the production of polyvinyl acetate resins. They are used as one of the base materials in manufacturing coatings and adhesives owing to their convenience and low cost. In addition, they are utilized as base components for white glue used in the household sector for bonding plastic, wood, fabric, paper, etc. In addition, the high thermal and chemical stability and minimum production costs of vinyl acetate monomers make them suitable for application in several industries, including textiles, paper, and packaging.
Which Impediments are Set to Hinder Expansion of the Vinyl Acetate Monomer Market Size?
“Fluctuations in Cost of Raw Materials Used to Manufacture Vinyl Acetate Monomers”
Constant fluctuations in the costs of raw materials utilized in the production of vinyl acetate monomers are contributing to rising prices of end products. Instability in raw material prices, including methanol, natural gas, carbon monoxide, and ethylene are hampering market growth. Decreasing economic growth, changes in country policies, labor issues, and weather impact are some of the reasons leading to constant fluctuations in prices.
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What Strategies are Startups Employing to Gain More Business Opportunities?
“Production of Customized Solutions Matching Requirements of Different Industries”
Startups are expected to invest in the manufacturing of customized vinyl acetate monomers. They need to produce monomers as per the requirements of respective end-use industries, such as construction, packaging, adhesives, and textiles.
Country-wise Insights
East Asia is projected to capture 24.6% of the global market revenue share by the end of 2034, as per the analysis published by Fact.MR, a market research and competitive intelligence provider. Rising demand for paints & coatings and adhesives from the infrastructure sector is contributing to the sales of vinyl acetate monomers in the region. Further, growing requirements for adhesives for the packaging of food products are also widening the application scope of vinyl acetate monomers in the region.
What is Contributing to Growing Demand for Vinyl Acetate Monomers in the United States?
“Rising Demand for Vinyl Acetate Monomers from Construction and e-Commerce Sectors”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 1.28 Billion |
| Growth Rate (2024 to 2034) | 3.7% CAGR |
| Projected Value (2034F) | US$ 1.85 Billion |
The United States is anticipated to enjoy a share of 73.5% of the North American market by 2034-end. The adhesive properties of vinyl acetate monomers are estimated to increase their demand in the construction industry. Growing requirements for adhesives from the construction industry are contributing to the sales of vinyl acetate monomers.
Rising consumer preference for online shopping in the country is contributing to the rising demand for packaging solutions, which is subsequently driving vinyl acetate monomers demand.
Why Does China Hold a Commanding Market Position in East Asia?
“Growing Consumption of Polyvinyl Alcohol in Various Industries”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 1.43 Billion |
| Growth Rate (2024 to 2034) | 3.5% CAGR |
| Projected Value (2034F) | US$ 2.02 Billion |
China is approximated to account for 57.3% of the East Asian market share by the end of 2034. Polyvinyl alcohol is one of the popular nonionic water-based polymers, which suits well for personal care products and cosmetics based on water. In addition, the growth of the packaging sector is also projected to stimulate demand for polyvinyl alcohol, which ultimately leads to vinyl acetate monomer sales.
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Category-wise Insights
Fact.MR, a market research and competitive intelligence provider, in its research analysis, asserts that a noteworthy share of vinyl acetate monomer demand is expected from the construction industry. The adhesiveness of vinyl acetate monomers helps in bonding layers between substrates and existing floor fixing. These adhesives are generally used in joints and mixed with cement.
Why are Vinyl Acetate Monomers of <99% Purity Favored by End Users?
“User-friendly Features of <99% Purity Vinyl Acetate Monomers”
| Attribute | <99% Vinyl Acetate Monomers |
|---|---|
| Segment Value (2024E) | US$ 6.29 Billion |
| Growth Rate (2024 to 2034) | 4.7% CAGR |
| Projected Value (2034F) | US$ 9.94 Billion |
Vinyl acetate monomers with <99% purity are forecasted to account for 69.2% share of global market revenue by the end of 2034. Preference for these monomers is attributed to their solubility in the majority of organic solvents. In addition, the relatively low volatility of these vinyl acetate monomers is estimated to contribute to their prominence. Transparency, strength, and durability of vinyl acetate monomers of <99% purity increasing demand.
Which Application Generates Higher Revenue for Vinyl Acetate Monomer Producers?
“Rising Preference for Vinyl Acetate Monomers in Ethylene Vinyl Alcohol”
| Attribute | Ethylene Vinyl Alcohol |
|---|---|
| Segment Value (2024E) | US$ 4.75 Billion |
| Growth Rate (2024 to 2034) | 4.6% CAGR |
| Projected Value (2034F) | US$ 7.47 Billion |
Ethylene vinyl alcohol is projected to account for a 52% share of the global market by the end of 2034. It is one of the flexible thermoplastic oxygen barrier materials. The strong barrier of ethylene vinyl alcohol against gases and oxygen is helping it become a preferred choice among more food packaging manufacturers. Therefore, the growing demand for ethylene vinyl alcohol is contributing to the rising sales of vinyl acetate monomers.
Competitive Landscape
Prominent manufacturers of vinyl acetate monomers are concentrating on increasing their capacity for vinyl acetate monomer production to match demand from end-use industries, including packaging, cosmetics, textiles, and construction. They are investing in new product development, supply chain management, offering quality products, etc. Market players are trying to enter untapped markets with mergers, acquisitions, etc.
For instance :
- Celanese Corporation in March 2021, increased its manufacturing capacity of acetic anhydride and vinyl acetate monomers at its site in Nanjing.
Key players in the global vinyl acetate monomer market are Sipchem, ShinEtsu, LyondellBasell Industries, Celanese Corporation, The Dow Chemicals, Dairen Chemical Corp., Lotte Chemical Corporation, Wacker Chemie AG, Kuraray Co. Ltd., and Royal Dutch Shell.
Segmentation of Vinyl Acetate Monomer Market Research
-
By Purity :
- 99% & Above
- <99%
-
By Application :
- Polyvinyl Alcohol
- Polyvinyl Acetate
- Ethylene Vinyl Acetate
- Ethylene Vinyl Alcohol
-
By End-use Industry :
- Packaging
- Construction
- Textiles
- Cosmetics
-
By Region :
- North America
- Europe
- East Asia
- Latin America
- Middle East & Africa
- South Asia & Oceania
- FAQs -
How big is the size of the vinyl acetate monomer market in 2024?
The global vinyl acetate monomers market is estimated at US$ 9.08 billion in 2024.
What is the sales projection for vinyl acetate monomers for 2034?
Worldwide demand for vinyl acetate monomers is projected to reach a market value of US$ 14.37 billion by 2034-end.
What is the forecasted growth rate of the global market from 2024 to 2034?
The market for vinyl acetate monomers is forecasted to expand at a CAGR of 4.7% from 2024 to 2034.
What is the contribution of East Asia to global market revenue?
East Asia is estimated to account for 24.6% share of the global market by the end of 2034.
What is the demand outlook for vinyl acetate monomers in South Korea?
Demand for vinyl acetate monomers in South Korea is projected to rise at a CAGR of 5.2% from 2024 to 2034.
How much share of the global market is anticipated to be held by vinyl acetate polymers with <99% purity?
Vinyl acetate monomers of <99% purity are approximated to hold 69.2% of the global market revenue share by 2034.
Vinyl Acetate Monomer Market
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