Vinyl Acetate Monomers Market

Vinyl Acetate Monomers Market Outlook (2022-2032)

The global vinyl acetate monomers market is valued at US$ 8.8 billion in 2022 and is expected to expand at a CAGR of 4.7% to reach US$ 13.9 billion by the end of 2032.

Polyvinyl acetate dominated the global market with 42.6% market share in 2021.

Report Attributes	Details
Vinyl Acetate Monomers Market Size (2021A)	US$ 8.4 Billion
Estimated Market Value (2022E)	US$ 8.8 Billion
Forecasted Market Value (2032F)	US$ 13.9 Billion
Global Market Growth Rate (2022-2032)	4.7% CAGR
North America Market Share (2021)	~22.5%
East Asia Market Growth Rate (2022-2032)	~3.5% CAGR
United States Market Growth Rate (2022-2032)	~4.2% CAGR
Market Share of Top 5 Companies	~47%
Key Companies Profiled	LyondellBasell Industries Celanese Corporation The Dow Chemicals Lotte Chemical Corporation Royal Dutch Shell ShinEtsu Wacker Chemie AG Dairen Chemical Corp Kuraray Co. Ltd. Sipchem

Consumption Analysis of Vinyl Acetate Monomers (2017-2021) Vs. Market Forecasts (2022-2032)

Vinyl acetate monomers possess properties such as adhesiveness, optical clarity, and fiber foaming. Because of these properties, they find use in applications such as polyvinyl acetate, polyvinyl alcohol, ethylene vinyl alcohol, and ethylene vinyl acetate.

Polyvinyl acetate is widely used as wood glue and white glue in construction, whereas, polyvinyl alcohol is used in textiles, paper, and food packaging to provide strength to the products.

• Short Term (2022 Q2 to 2025): Growing use of polyvinyl acetate and polyvinyl alcohol in end-use industries such as construction and packaging to drive market growth.
• Medium Term (2025-2028): Asia Pacific and North America to witness high demand for vinyl acetate monomers owing to increased spending on personal care products.
• Long Term (2028-2032): Increase in the use of polyvinyl alcohol and polyvinyl acetate in the textile industry to boost market expansion.

During 2017-2021, the global vinyl acetate monomers market registered a CAGR of 3.1%, and according to the detailed industry survey by Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 4.7% CAGR over the 2022-2032 study period.

Image reflects market share analysis of vinyl acetate monomers based on region and application. Under the application segment, polyvinyl acetate dominates the market with 42.6% share in 2022.

Why is Vinyl Acetate Monomer Usage Expected to Increase across Regions?

“Growing Demand from Construction & Packaging Sectors”

The properties of vinyl acetate monomers, such as adhesive strength, have been gaining popularity in the construction industry over the years. The growth of the global construction industry at a CAGR of more than 10% has increased the demand for adhesives, which is likely to boost the vinyl acetate monomers market.

Furthermore, developed and developing countries have also increased their spending on construction and infrastructure. Countries such as China, India, and Brazil are spending more than 5% of their total income on infrastructure.

Polyvinyl alcohol is effective in film foaming & emulsifying and has high adhesive quality, which makes it useful in the packaging industry. Growing demand for packaging solutions from several industries along with surging e-Commerce shopping has created a positive environment for the growth of the vinyl acetate monomers market.

Along with the construction and packaging industry, vinyl acetate monomers are widely used in the cosmetics and textiles sectors as well. Polyvinyl alcohol is water-soluble and is used in water-based cosmetics and personal care products.

Vinyl acetate monomers are key ingredients used in the manufacturing of intermediates, resins, and emulsion polymers that are widely used in paints & coatings. Rising demand for paints & coating across the world will create lucrative opportunities for vinyl acetate monomers manufacturers over the coming years.

“Polyvinyl Acetate to Open Doors for Vinyl Acetate Monomer Manufacturers”

Vinyl acetate monomers are widely used in the manufacturing of polyvinyl acetate resins. Polyvinyl acetate resins are used as a base material for the production of adhesives and coatings. Polyvinyl acetate resins are low in cost and convenient to use in several applications. They are used as base components for household white glues, which are used for bonding paper, fabric, wood, plastic, etc.

Polyvinyl acetate has properties such as high chemical and thermal stability, and low manufacturing cost, which makes it suitable for use in many industries such as food packaging, paper, and textiles. Polyvinyl alcohol has some properties such as chemical resistance, water solubility, and biodegradability. It is used as a sizing agent, which helps give strength to textile yarn and makes paper more resistant.

What Do Vinyl Acetate Monomers Producers Need to Be Aware Of?

“Susceptibility to Dynamic Instability of Market Under Changing Geopolitical Conditions”

In recent years, market leaders such as LyondellBasell industries and Celanese Corporation have increased their production capacities at different plants to meet the growing demand for vinyl acetate monomers. These companies face challenges with the fluctuating prices of raw materials used in the manufacturing of vinyl acetate monomers.

Unstable prices of raw materials such as ethylene, methanol, carbon monoxide, and natural gas can hamper overall market progress. A significant increase in the cost of essential raw materials can have an adverse impact on a company’s product margin and profitability.

The prices of raw materials fluctuate due to several reasons such as weather impact, labor issues, changes in country policies, and decreasing economy.

Country-wise Insights

Will the U.S. Exhibit High Demand for Vinyl Acetate Monomers?

The United States holds 86.7% share in the North American vinyl acetate monomers market and is set to rise at the rate of 4.2% across the forecast years.

• The United States' total spending on construction and infrastructure was more than US$ 100 billion in 2022. In 2019, the United States construction industry was worth US$ 1.4 trillion.

Vinyl acetate monomers have adhesive properties, which is generating high demand from the construction industry. The construction industry in the United States is growing at more than 4% CAGR. Increasing demand for adhesives from the construction industry is likely to boost the vinyl acetate monomers market in the country.

Packaging is another industry where vinyl acetate monomers are widely used.

• The packaging industry in the United States is valued at over US$ 200 billion in 2022 and is anticipated to grow at a CAGR of nearly 3%.

In recent years, consumers have preferred online shopping in the United States. e-Commerce companies such as Amazon, eBay, Walmart, Etsy, and Home Depot are the largest contributors to the packaging industry. The e-Commerce sector has created high demand for packaging applications, which will drive the demand for vinyl acetate monomers in the United States.

Why are Vinyl Acetate Monomer Suppliers Eyeing China?

The construction industry in China is growing at a rapid pace. China has become the largest construction market. In 2021, China’s construction market was valued at over US$ 1,100 billion.

Polyvinyl alcohol is a nonionic water-soluble polymer that is very well-suited for water-based cosmetics and personal care products. The use of polyvinyl acetate or polyvinyl alcohol in the cosmetics industry is likely to boost the demand for vinyl acetate monomers in China. With the growing economy and increased personal care spending, the use of cosmetics in China is growing rapidly.

Over the decade, the packaging industry has grown at a healthy CAGR across the world. The advanced packaging industry has achieved a global turnover of over US$ 30 billion in 2022.

Chinese packaging companies such as Shandong Sun Paper Industry and Shanghai Zijiang Enterprise Group have created high demand for polyvinyl alcohol. These companies provide packaging solutions for food & beverage, cosmetics, and electronics manufacturers.

China held 51.4% share of the East Asian vinyl acetate monomers market in 2021.

Category-wise Insights

Why is Demand for Polyvinyl Acetate Rapidly Increasing?

Vinyl acetate monomers are used in applications such as polyvinyl alcohol, polyvinyl acetate-ethylene vinyl alcohol, ethylene vinyl acetate, etc. These find several uses in end-use industries such as construction, packaging, textiles, and cosmetics. Out of these applications, polyvinyl acetate monomers hold the highest market share in the global vinyl acetate monomers market.

Polyvinyl acetate has high chemical thermal stability and low cost, which makes it suitable for use in the construction, paper, and packaging industries. Polyvinyl acetate has resistance to attack by microorganisms. Because of this property polyvinyl acetate has replaced natural adhesives made from hide and casein.

The polyvinyl acetate segment is predicted to expand at 4.7% CAGR over the 2022-2032 study period.

Why is Market Growth Led by the Construction & Packaging Sectors?

The construction industry is likely to drive high sales of vinyl acetate monomers over the coming years. Vinyl acetate monomers have the property of adhesiveness. Adhesives act as a bonding layer between existing floor and substrates, for floor fixing. Adhesives are mixed with cement and used in joints. They can also be used in the fixing of drywall lamination.

Over the years, the packaging industry has enjoyed a healthy CAGR. In recent years, markets have witnessed high demand for packaging applications, especially food & beverage application. Ethylene vinyl alcohol is widely used in food & beverage packaging.

Ethylene vinyl alcohol is a flexible thermoplastic oxygen barrier material. Due to its strong barrier against oxygen and gases, ethylene vinyl alcohol has been the preferred choice of food packaging manufacturers.

As an end user, the construction industry is expected to rise at 4.8% CAGR over the assessment years of 2022-2032.

Competitive Landscape

Prominent vinyl acetate monomer manufacturers are LyondellBasell Industries, Celanese Corporation, Dow Chemicals, Lotte Chemical Corporation, Royal Dutch Shell, ShinEtsu, Wacker Chemie AG, Dairen Chemical Corp, Kuraray Co. Ltd, and Sipchem.

Key manufacturers of vinyl acetate monomers are looking to increase their production to meet the growing demand from end-use industries such as construction, packaging, textiles, and cosmetics. Manufacturers are also looking to enter untapped markets through mergers and acquisitions.

• In March 2021, Celanese Corporation increased its production capacity of vinyl acetate monomers and acetic anhydride at its Nanjing site.
• In 2019, Dow Chemicals announced the production of multiple intermediates in Freeport, Texas City, Louisiana, and Louisville. These products include vinyl acetate monomers, methyl methacrylate, and glacier methacrylic acid.

Fact.MR has provided detailed information about the price points of key manufacturers of vinyl acetate monomers positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Vinyl Acetate Monomers Industry Survey

• 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
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA