Vinyl Acetate Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Vinyl Acetate Market is segmented By Type (Polyvinyl Acetate, Polyvinyl Alcohol, Ethylene-Vinyl Acetate, Others (includes Ethylene-Vinyl Alcohol)), By Application (Construction, Automotive, Packaging, Furniture, Paints and coatings, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Vinyl Acetate Market Overview

Global Vinyl Acetate analyses the market size, shares, recent trends, competitive intelligence, and future market outlook. Demand from industries like Construction and Automotive in Asia Pacific is booming. Competitive rivalry intensifies with Exxon Mobil, Azot Severodonetsk, Sinopec Group and others operating in the market.

Vinyl acetate is a monomer, and it is an organic compound manufactured by a vapor-phase acetoxylation process which includes ethylene, oxygen and acetic acid in the presence of a catalyst.

Vinyl Acetate Market Scope

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Vinyl Acetate Market Trends and Dynamics

• Vinyl acetate monomer is an essential polymer used for manufacturing of various polymers and resins for coatings, emulsions, and others. It is widely used for packaging due to its unique properties such as grip, toughness, and clarity.
• In addition, the increase in production in the automotive industry is also driving the global vinyl acetate market. Owing to the use of Vinyl acetate products in a wide range of applications in the automotive sector such as sealing doors and windows, adhesives for bonding, and others.
• This statistic gives information about the volume of the global automobile production industry in 2015 and 2022. By 2022, the North American industry is expected to reach about 22.8 million units.

Vinyl Acetate Market Segmentation Analysis

• Based on the product the global vinyl acetate market is broadly segmented as polyvinyl acetate, polyvinyl alcohol, ethylene vinyl acetate, and others.
• The ethylene vinyl acetate application occupied a significant market share owing to the increase of their usage in 3D printed medical drug delivery devices.
• Additionally, it has excellent elasticity and toughness properties, which find prime application in hot melt adhesives.
• The polyvinyl acetate application is expected to grow at a faster pace in the upcoming years due to the increase of their demand in the plastic bottling and packaging industry. Additionally, the use of polyvinyl acetate as additives in cement construction is likely to boost the segment.
• Based on the applications of global vinyl acetate market is segmented into automotive, packaging, paints and coatings, construction, furniture, and others.
• Among all these packaging sectors accounted for the major market share owing to the increase in the consumption of packaged food products. Another leading trend in the market is connected with the growing demand for lighter-weight packaging.
• Polyvinyl acetate coating binders provide stiffness, which gives paperboard manufacturers an opportunity to reduce basis weight without hurting a carton’s primary function namely product protection.

Global Vinyl Acetate Market Geographical Share

• Global vinyl acetate market is segmented by geographic region which includes North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
• The Asia Pacific occupies the dominant share in the vinyl acetate market and is expected to grow at a CAGR of XX% in the forecast period owing to increasing expenditure on construction and a rise in automotive production.
• Along with the increase in demand for packaged food products, the beverage industry is boosting the market in this region.

Vinyl Acetate Market Companies and Competitive Landscape

• Significant players in the global vinyl acetate market are Celanese Corporation, DowDuPont, Ningxia Yinglite Chemical, Exxon Mobil, Ineospec Inc., Sinopec Group, Kuraray Corporation Ltd., Sipchem, LyondellBasell Industries NV, Azot Severodonetsk, Helm AG, Shazand Petrochemical, and others. Product launches, partnerships, and expansions are some of the strategies adopted by players to increase their market share. For instance, in September 2017, INEOS built a new vinyl acetate monomer plant in Europe with 300,000 metric tons capacity.
• In April 2008, INEOS acquired the Vinyl Acetate Monomer and Ethyl Acetate businesses from BP.