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At CAGR of 5.9%, Vinyl Acetate Monomer Market | Size, Growth, Opportunity and Forecast to 2025

Pune, Maharashtra, India, September 3 2020 (Wiredrelease) Brandessence Market Research and Consulting Pvt ltd –:The latest report pertaining to Vinyl Acetate Monomer Market provides a detailed analysis regarding market size, revenue estimations and growth rate of the industry. In addition, the report illustrates the major obstacles and newest growth strategies adopted by leading manufacturers who are a part of the competitive landscape of this market.

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Scope of The Report:

Rising employment of shale gas is one of the primary factors powering the requirement for vinyl acetate monomer. The market has been observing positive development, owing to the sustained growth of unconventional gas sources.

The major players in the global vinyl acetate monomer market are,

Celanese Corporation (Hoechst Celanese), Dow Chemical Company, Chang Chun Group, China Petrochemical Corporation, LyondellBasell

VAM (Vinyl Acetate Monomer) is a colorless organic compound which is created from the response of acetic acid and ethylene with oxygen in the attendance of a palladium catalyst. It is an essential chemical building substance which is employed in a series of industrial and consumer goods. VAM is a major component for producing resins, intermediates, and emulsion polymers which are employed in coatings, wires, paints, and adhesives.

The global market for vinyl acetate monomer has been divided based in end-use industry, application, and region. On the basis of application, the market has been divided into polyvinyl alcohol (PVOH), polyvinyl acetate (PVA), vinyl acetate ethylene (VAE), ethylene vinyl acetate (EVA), polyvinyl formal, vinyl chloride-vinyl acetate copolymers, ethylene vinyl alcohol (EVOH), and others. On the basis of end-use industry, the market has been divided into cosmetics and personal care, construction, packaging, adhesives, textile, automotive, paints and coatings, and others.

Key Market Segments:

By Application: Polyvinyl Acetate (PVA), Polyvinyl Alcohol (PVOH), Ethylene Vinyl Acetate (EVA), Ethylene Vinyl Alcohol (EVOH), Others

By End-User Industry: Packaging, Construction, Automotive, Textile, Others

The Development Of The Worldwide Vinyl Acetate Monomer Market Is Powered By The Quickly Developing Packaging Sector All Over The World

The development of the worldwide vinyl acetate monomer market is powered by the quickly developing packaging sector all over the world. The rising requirement for packaged food and beverages products due to improved and convenience product shelf is predicted to propel market development. With the launch of multiple-layer barrier packaging tech, requirement for the product is increasing in the packaging sector.

VAM usage is rising in the construction sector owing to increasing commercial and residential infrastructure activities in both developing and developed areas. The rising requirement for paints and adhesives and coatings from primary end-use sectors such as construction, automotive, and packaging is also powering market development.

Asia Pacific Added Up For The Biggest Share Of The Global Market For Vinyl Acetate Monomer

Asia Pacific added up for the biggest share of the global market for vinyl acetate monomer; the Asia Pacific market is predicted to carry on its dominance in the coming period owing to the quickly developing packaging sector with the rising requirement for packaged food and beverages products. Moreover, increasing residential construction activities in developing countries such as China, India, and Thailand, paired with rising disposable incomes of users and rising population base, is powering market development.

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Last Updated: 03-Sep-2020