세계의 초산비닐 모노머(VAM) 시장 규모, 점유율, 동향 분석 리포트 : 최종사용자별, 용도별, 지역별 전망과 예측(2024-2031년)

The Global Vinyl Acetate Monomer Market size is expected to reach $13.5 billion by 2031, rising at a market growth of 4.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 6,632.1 kilo tonnes, experiencing a growth of 19.1% (2020-2023).

VAM is a key component in the production of textile binders used in textile finishing processes. Thus, the textile segment acquired 17.6% revenue share in the market 2023. In terms of volume, the textile segment attained a volume of 1,131.4 kilo tonnes in the market 2023. Textile binders based on VAM provide excellent adhesion, flexibility, and durability to textile fibers, fabrics, and substrates. These binders enhance the performance of textile materials by improving their strength, dimensional stability, and resistance to abrasion, wrinkling, and washing.

VAM is widely used in producing ethylene-vinyl acetate (EVA) films, essential components in photovoltaic (PV) solar panel encapsulation. EVA films protect solar cells from environmental factors such as moisture, dust, and mechanical stress while allowing light transmission to maximize energy conversion.

Additionally, VAM-based polymers are extensively used in the automotive industry for interior components such as door panels, dashboard trims, and upholstery. These polymers, often vinyl acetate copolymers, offer desirable properties such as flexibility, durability, and resistance to wear and tear. In conclusion, the growing automotive sector globally is propelling the growth of the market.

However, Sharp increases in raw material prices lead to higher production costs for VAM manufacturers, squeezing profit margins and reducing competitiveness. Cost pressures may force manufacturers to pass on price increases to customers, risking demand erosion and market share loss. Hence, volatility in raw material prices is hampering the market's growth.

End User Outlook

On the basis of end-user, the market is divided into construction, packaging, textile, cosmetics, and others. In 2023, the packaging segment registered 28.5% revenue share in the market. In terms of volume, the packaging segment would attain a volume of 2,590.3 kilo tonnes in the market 2028.

Application Outlook

Based on application, the market is divided into polyvinyl acetate (PVA), polyvinyl alcohol (PVOH), ethylene-vinyl acetate (EVA), and others. In 2023, the polyvinyl acetate (PVA) segment garnered 43.5% revenue share in the market. In terms of volume the PVA segment would attain volume of 4,027.7 kilo tonnes in the market 2029.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region generated 26.2% revenue share in the market in 2023. In terms of volume, the North America region would attain a volume of 2,149.3 kilo tonnes in the market 2030.

Recent Strategies Deployed in the Market

• Nov-2023: BASF and SINOPEC have unveiled the newly expanded downstream chemical plants at the Verbund site managed by BASF-YPC Co., Ltd. (BASF-YPC), a joint venture split equally between the two companies in Nanjing. The expansion is a strategic reaction to the increasing demand from diverse industries in the Chinese market.
• Sep-2023: INEOS Group Holdings S.A. announced an agreement with Eastman Chemical Company to acquire the Eastman Texas City facility, encompassing the 600kt Acetic Acid plant and all affiliated third-party operations situated at the site. Under this agreement, INEOS Group would enhance its global market presence and product portfolio.
• May-2023: The Dow Chemical Company came into partnership with New Energy Blue, LLC, a US-based service for renewable companies. Through this partnership, Dow Chemical would create biodegradable plastic materials using corn residue.
• May-2023: Wacker Chemie AG has accomplished the capacity expansion for vinyl acetate-ethylene copolymer (VAE) dispersions and VAE dispersible polymer powders at its Nanjing facility in China.
• Mar-2020: Wacker Chemie AG is extending its recent product line of polymeric binders, utilizing renewable resources. Through its VINNECO(R) brand, the Munich-headquartered chemical company will provide a re-dispersible polymer powder crafted from biobased acetic acid. The dispersible polymer powder VINNECO(R) 5044 N is primarily designed for the manufacture of construction materials, including waterproofing membranes and dry-mix mortars used in external thermal insulation composite systems (ETICS).

List of Key Companies Profiled

• Celanese Corporation
• LyondellBasell Industries Holdings B.V.
• The Dow Chemical Company
• DuPont de Nemours, Inc.
• Wacker Chemie AG
• Kuraray Europe GmbH (Kuraray Co., Ltd.)
• INEOS Group Holdings S.A
• Sinopec Group (China Petrochemical Corporation)
• Sipchem Company
• Exxon Mobil Corporation

Global Vinyl Acetate Monomer Market Report Segmentation

By End-user (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Construction
• Packaging
• Textile
• Cosmetics
• Others

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Polyvinyl Acetate (PVA)
• Polyvinyl Alcohol (PVOH)
• Ethylene-Vinyl Acetate (EVA)
• Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1.Market Scope & Methodology

• 1.1Market Definition
• 1.2Objectives
• 1.3Market Scope
• 1.4Segmentation
  • 1.4.1Global Vinyl Acetate Monomer Market, by End-user
  • 1.4.2Global Vinyl Acetate Monomer Market, by Application
  • 1.4.3Global Vinyl Acetate Monomer Market, by Geography
• 1.5Methodology for the research

Chapter 2.Market at a Glance

• 2.1Key Highlights

Chapter 3.Market Overview

• 3.1Introduction
  • 3.1.1Overview
    • 3.1.1.1Market Composition and Scenario
• 3.2Key Factors Impacting the Market
  • 3.2.1Market Drivers
  • 3.2.2Market Restraints
  • 3.2.3Market Opportunities
  • 3.2.4Market Challenges
• 3.3Porter's Five Forces Analysis

Chapter 4.Global Vinyl Acetate Monomer Market by End-user

• 4.1Global Construction Market by Region
• 4.2Global Packaging Market by Region
• 4.3Global Textile Market by Region
• 4.4Global Cosmetics Market by Region
• 4.5Global Others Market by Region

Chapter 5.Global Vinyl Acetate Monomer Market by Application

• 5.1Global Polyvinyl Acetate (PVA) Market by Region
• 5.2Global Polyvinyl Alcohol (PVOH) Market by Region
• 5.3Global Ethylene-Vinyl Acetate (EVA) Market by Region
• 5.4Global Others Market by Region

Chapter 6.Global Vinyl Acetate Monomer Market by Region

• 6.1North America Vinyl Acetate Monomer Market
  • 6.1.1North America Vinyl Acetate Monomer Market by End-user
    • 6.1.1.1North America Construction Market by Country
    • 6.1.1.2North America Packaging Market by Country
    • 6.1.1.3North America Textile Market by Country
    • 6.1.1.4North America Cosmetics Market by Country
    • 6.1.1.5North America Others Market by Country
  • 6.1.2North America Vinyl Acetate Monomer Market by Application
    • 6.1.2.1North America Polyvinyl Acetate (PVA) Market by Country
    • 6.1.2.2North America Polyvinyl Alcohol (PVOH) Market by Country
    • 6.1.2.3North America Ethylene-Vinyl Acetate (EVA) Market by Country
    • 6.1.2.4North America Others Market by Country
  • 6.1.3North America Vinyl Acetate Monomer Market by Country
    • 6.1.3.1US Vinyl Acetate Monomer Market
      • 6.1.3.1.1US Vinyl Acetate Monomer Market by End-user
      • 6.1.3.1.2US Vinyl Acetate Monomer Market by Application
    • 6.1.3.2Canada Vinyl Acetate Monomer Market
      • 6.1.3.2.1Canada Vinyl Acetate Monomer Market by End-user
      • 6.1.3.2.2Canada Vinyl Acetate Monomer Market by Application
    • 6.1.3.3Mexico Vinyl Acetate Monomer Market
      • 6.1.3.3.1Mexico Vinyl Acetate Monomer Market by End-user
      • 6.1.3.3.2Mexico Vinyl Acetate Monomer Market by Application
    • 6.1.3.4Rest of North America Vinyl Acetate Monomer Market
      • 6.1.3.4.1Rest of North America Vinyl Acetate Monomer Market by End-user
      • 6.1.3.4.2Rest of North America Vinyl Acetate Monomer Market by Application
• 6.2Europe Vinyl Acetate Monomer Market
  • 6.2.1Europe Vinyl Acetate Monomer Market by End-user
    • 6.2.1.1Europe Construction Market by Country
    • 6.2.1.2Europe Packaging Market by Country
    • 6.2.1.3Europe Textile Market by Country
    • 6.2.1.4Europe Cosmetics Market by Country
    • 6.2.1.5Europe Others Market by Country
  • 6.2.2Europe Vinyl Acetate Monomer Market by Application
    • 6.2.2.1Europe Polyvinyl Acetate (PVA) Market by Country
    • 6.2.2.2Europe Polyvinyl Alcohol (PVOH) Market by Country
    • 6.2.2.3Europe Ethylene-Vinyl Acetate (EVA) Market by Country
    • 6.2.2.4Europe Others Market by Country
  • 6.2.3Europe Vinyl Acetate Monomer Market by Country
    • 6.2.3.1Germany Vinyl Acetate Monomer Market
      • 6.2.3.1.1Germany Vinyl Acetate Monomer Market by End-user
      • 6.2.3.1.2Germany Vinyl Acetate Monomer Market by Application
    • 6.2.3.2UK Vinyl Acetate Monomer Market
      • 6.2.3.2.1UK Vinyl Acetate Monomer Market by End-user
      • 6.2.3.2.2UK Vinyl Acetate Monomer Market by Application
    • 6.2.3.3France Vinyl Acetate Monomer Market
      • 6.2.3.3.1France Vinyl Acetate Monomer Market by End-user
      • 6.2.3.3.2France Vinyl Acetate Monomer Market by Application
    • 6.2.3.4Russia Vinyl Acetate Monomer Market
      • 6.2.3.4.1Russia Vinyl Acetate Monomer Market by End-user
      • 6.2.3.4.2Russia Vinyl Acetate Monomer Market by Application
    • 6.2.3.5Spain Vinyl Acetate Monomer Market
      • 6.2.3.5.1Spain Vinyl Acetate Monomer Market by End-user
      • 6.2.3.5.2Spain Vinyl Acetate Monomer Market by Application
    • 6.2.3.6Italy Vinyl Acetate Monomer Market
      • 6.2.3.6.1Italy Vinyl Acetate Monomer Market by End-user
      • 6.2.3.6.2Italy Vinyl Acetate Monomer Market by Application
    • 6.2.3.7Rest of Europe Vinyl Acetate Monomer Market
      • 6.2.3.7.1Rest of Europe Vinyl Acetate Monomer Market by End-user
      • 6.2.3.7.2Rest of Europe Vinyl Acetate Monomer Market by Application
• 6.3Asia Pacific Vinyl Acetate Monomer Market
  • 6.3.1Asia Pacific Vinyl Acetate Monomer Market by End-user
    • 6.3.1.1Asia Pacific Construction Market by Country
    • 6.3.1.2Asia Pacific Packaging Market by Country
    • 6.3.1.3Asia Pacific Textile Market by Country
    • 6.3.1.4Asia Pacific Cosmetics Market by Country
    • 6.3.1.5Asia Pacific Others Market by Country
  • 6.3.2Asia Pacific Vinyl Acetate Monomer Market by Application
    • 6.3.2.1Asia Pacific Polyvinyl Acetate (PVA) Market by Country
    • 6.3.2.2Asia Pacific Polyvinyl Alcohol (PVOH) Market by Country
    • 6.3.2.3Asia Pacific Ethylene-Vinyl Acetate (EVA) Market by Country
    • 6.3.2.4Asia Pacific Others Market by Country
  • 6.3.3Asia Pacific Vinyl Acetate Monomer Market by Country
    • 6.3.3.1China Vinyl Acetate Monomer Market
      • 6.3.3.1.1China Vinyl Acetate Monomer Market by End-user
      • 6.3.3.1.2China Vinyl Acetate Monomer Market by Application
    • 6.3.3.2Japan Vinyl Acetate Monomer Market
      • 6.3.3.2.1Japan Vinyl Acetate Monomer Market by End-user
      • 6.3.3.2.2Japan Vinyl Acetate Monomer Market by Application
    • 6.3.3.3India Vinyl Acetate Monomer Market
      • 6.3.3.3.1India Vinyl Acetate Monomer Market by End-user
      • 6.3.3.3.2India Vinyl Acetate Monomer Market by Application
    • 6.3.3.4South Korea Vinyl Acetate Monomer Market
      • 6.3.3.4.1South Korea Vinyl Acetate Monomer Market by End-user
      • 6.3.3.4.2South Korea Vinyl Acetate Monomer Market by Application
    • 6.3.3.5Singapore Vinyl Acetate Monomer Market
      • 6.3.3.5.1Singapore Vinyl Acetate Monomer Market by End-user
      • 6.3.3.5.2Singapore Vinyl Acetate Monomer Market by Application
    • 6.3.3.6Malaysia Vinyl Acetate Monomer Market
      • 6.3.3.6.1Malaysia Vinyl Acetate Monomer Market by End-user
      • 6.3.3.6.2Malaysia Vinyl Acetate Monomer Market by Application
    • 6.3.3.7Rest of Asia Pacific Vinyl Acetate Monomer Market
      • 6.3.3.7.1Rest of Asia Pacific Vinyl Acetate Monomer Market by End-user
      • 6.3.3.7.2Rest of Asia Pacific Vinyl Acetate Monomer Market by Application
• 6.4LAMEA Vinyl Acetate Monomer Market
  • 6.4.1LAMEA Vinyl Acetate Monomer Market by End-user
    • 6.4.1.1LAMEA Construction Market by Country
    • 6.4.1.2LAMEA Packaging Market by Country
    • 6.4.1.3LAMEA Textile Market by Country
    • 6.4.1.4LAMEA Cosmetics Market by Country
    • 6.4.1.5LAMEA Others Market by Country
  • 6.4.2LAMEA Vinyl Acetate Monomer Market by Application
    • 6.4.2.1LAMEA Polyvinyl Acetate (PVA) Market by Country
    • 6.4.2.2LAMEA Polyvinyl Alcohol (PVOH) Market by Country
    • 6.4.2.3LAMEA Ethylene-Vinyl Acetate (EVA) Market by Country
    • 6.4.2.4LAMEA Others Market by Country
  • 6.4.3LAMEA Vinyl Acetate Monomer Market by Country
    • 6.4.3.1Brazil Vinyl Acetate Monomer Market
      • 6.4.3.1.1Brazil Vinyl Acetate Monomer Market by End-user
      • 6.4.3.1.2Brazil Vinyl Acetate Monomer Market by Application
    • 6.4.3.2Argentina Vinyl Acetate Monomer Market
      • 6.4.3.2.1Argentina Vinyl Acetate Monomer Market by End-user
      • 6.4.3.2.2Argentina Vinyl Acetate Monomer Market by Application
    • 6.4.3.3UAE Vinyl Acetate Monomer Market
      • 6.4.3.3.1UAE Vinyl Acetate Monomer Market by End-user
      • 6.4.3.3.2UAE Vinyl Acetate Monomer Market by Application
    • 6.4.3.4Saudi Arabia Vinyl Acetate Monomer Market
      • 6.4.3.4.1Saudi Arabia Vinyl Acetate Monomer Market by End-user
      • 6.4.3.4.2Saudi Arabia Vinyl Acetate Monomer Market by Application
    • 6.4.3.5South Africa Vinyl Acetate Monomer Market
      • 6.4.3.5.1South Africa Vinyl Acetate Monomer Market by End-user
      • 6.4.3.5.2South Africa Vinyl Acetate Monomer Market by Application
    • 6.4.3.6Nigeria Vinyl Acetate Monomer Market
      • 6.4.3.6.1Nigeria Vinyl Acetate Monomer Market by End-user
      • 6.4.3.6.2Nigeria Vinyl Acetate Monomer Market by Application
    • 6.4.3.7Rest of LAMEA Vinyl Acetate Monomer Market
      • 6.4.3.7.1Rest of LAMEA Vinyl Acetate Monomer Market by End-user
      • 6.4.3.7.2Rest of LAMEA Vinyl Acetate Monomer Market by Application

Chapter 7.Company Profiles

• 7.1Celanese Corporation
  • 7.1.1Company Overview
  • 7.1.2Financial Analysis
  • 7.1.3Segmental and Regional Analysis
  • 7.1.4Research & Development Expenses
  • 7.1.5SWOT Analysis
• 7.2LyondellBasell Industries Holdings B.V.
  • 7.2.1Company Overview
  • 7.2.2Financial Analysis
  • 7.2.3Segmental and Regional Analysis
  • 7.2.4Research & Development Expenses
  • 7.2.5SWOT Analysis
• 7.3The Dow Chemical Company
  • 7.3.1Company Overview
  • 7.3.2Financial Analysis
  • 7.3.3Segmental and Regional Analysis
  • 7.3.4Research & Development Expenses
  • 7.3.5Recent strategies and developments:
    • 7.3.5.1Partnerships, Collaborations, and Agreements:
  • 7.3.6SWOT Analysis
• 7.4DuPont de Nemours, Inc.
  • 7.4.1Company Overview
  • 7.4.2Financial Analysis
  • 7.4.3Segmental and Regional Analysis
  • 7.4.4Research & Development Expense
  • 7.4.5SWOT Analysis
• 7.5Wacker Chemie AG
  • 7.5.1Company Overview
  • 7.5.2Financial Analysis
  • 7.5.3Segmental and Regional Analysis
  • 7.5.4Research & Development Expenses
  • 7.5.5Recent strategies and developments:
    • 7.5.5.1Product Launches and Product Expansions:
    • 7.5.5.2Geographical Expansions:
  • 7.5.6SWOT Analysis
• 7.6Kuraray Europe GmbH (Kuraray Co., Ltd.)
  • 7.6.1Company Overview
  • 7.6.2Financial Analysis
  • 7.6.3Segmental and Regional Analysis
  • 7.6.4Research & Development Expenses
  • 7.6.5SWOT Analysis
• 7.7INEOS Group Holdings S.A.
  • 7.7.1Company Overview
  • 7.7.2Financial Analysis
  • 7.7.3Segmental and Regional Analysis
  • 7.7.4Recent strategies and developments:
    • 7.7.4.1Acquisition and Mergers:
  • 7.7.5SWOT Analysis
• 7.8Sinopec Group (China Petrochemical Corporation)
  • 7.8.1Company Overview
  • 7.8.2Financial Analysis
  • 7.8.3Research & Development Expenses
  • 7.8.4Recent strategies and developments:
    • 7.8.4.1Geographical Expansions:
  • 7.8.5SWOT Analysis
• 7.9Sipchem Company
  • 7.9.1Company Overview
  • 7.9.2Financial Analysis
  • 7.9.3Segmental and Regional Analysis
  • 7.9.4SWOT Analysis
• 7.10.Exxon Mobil Corporation
  • 7.10.1Company Overview
  • 7.10.2Financial Analysis
  • 7.10.3Segmental and Regional Analysis
  • 7.10.4Research & Development Expenses
  • 7.10.5SWOT Analysis

Chapter 8.Winning Imperatives of Vinyl Acetate Monomer Market