Vinyl Acetate Monomer Market 2023: Comprehensive Study Explores Huge Revenue Scope in Future | Leading Key Players
Some of the growth strategies adopted by the key players in the vinyl acetate monomer market include expansions, acquisitions, and new product launches.
Pune, India – June 24, 2019 /MarketersMedia/ —
The growth of the global vinyl acetate monomer market is driven by the rapidly growing packaging industry across the globe. The increasing demand for packaged beverages and food products owing to convenience and improved product shelf is expected to propel market growth. With the introduction of multiple-layer barrier packaging technology, demand for the product is rising in the packaging industry.
Segmentation:
The global vinyl acetate monomer market has been segmented by application, end-use industry, and region.
Based on application, the market has been segmented into polyvinyl acetate (PVA), polyvinyl alcohol (PVOH), ethylene vinyl acetate (EVA), vinyl acetate ethylene (VAE), ethylene vinyl alcohol (EVOH), vinyl chloride-vinyl acetate copolymers, polyvinyl formal, and others.
Based on end-use industry, the market has been segregated into packaging, construction, textile, adhesives, paints and coatings, automotive, cosmetics and personal care industry, and others.
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Key Players:
Some of the key players in the global vinyl acetate monomer market are DowDuPont (US), Celanese Corporation (US), Exxon Mobil Corporation (US), China Petrochemical Corporation (China), Wacker Chemie AG (Germany), KURARAY CO., LTD (Japan), Solventis (UK), Sipchem (Saudi Arabia), Innospec (US), Sinopec, Arkema (France), and LyondellBasell Industries N.V. (Netherlands).
The growing packaging industry in both developed and developing regions is set to drive market growth during the review period.
The vinyl acetate monomer market has been analyzed with respect to five regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for the largest share of the vinyl acetate monomer market in 2017; the regional market is likely to witness significant growth during the review period. The rising popularity of packaged food products among consumers with changing lifestyles and the growing working population is driving the growth of the regional market. The revenue earned from packaged food products in Asia-Pacific has increased by approximately 36% in the last five years.
Additionally, the introduction of packaged food products and beverages with innovative packaging by manufacturers to differentiate their offering is fueling product demand. India and China are the largest consumers of vinyl acetate monomer due to the presence of major players in the textile industry such as Bombay Dyeing, Shandong Ruyi Group, and Raymond Ltd.
For instance, according to the WTO’s World Trade Statistical Review 2017, China accounted for 36.4% of the global textile and apparel exports in 2016. Therefore, the growing textile industry in the region is expected to result in an increase in the demand for vinyl acetate monomer.
North America is another prominent region for the vinyl acetate monomer market due to the rising demand for adhesives from various end-use industries, especially the automotive industry as a result of rapidly increasing automotive production.
The European market is expected to witness significant growth during the review period as a result of the growing packaging industry due to increasing demand for eco-friendly and premium quality products. Additionally, rising construction activities in Russia, Poland, Austria, and Italy are expected to propel market growth in this region.
The markets in Latin America and the Middle East & Africa are expected to grow as a result of the growing end-use industries such as packaging, construction, and automotive in these regions.
TABLE OF CONTENTS:
1 Executive Summary
2 Scope Of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview Of Global Vinyl Acetate Monomer Market
6 Market Trends
7. Global Vinyl Acetate Monomer Market, By Application
8. Global Vinyl Acetate Monomer Market, By End-Use Industry
9. Global Vinyl Acetate Monomer Market, By Region
10. Company Landscape
11. Company Profiles
12. Conclusion
LIST OF TABLES:
Table 1 World Population In Major Regions (2016–2030)
Table 2 Global Vinyl Acetate Monomer Market, By Region, 2016–2023
Table 3 North America: Vinyl Acetate Monomer Market, By Country, 2016–2023
Table 4 Europe: Vinyl Acetate Monomer Market, By Country, 2016–2023
Table 5 Asia-Pacific: Vinyl Acetate Monomer Market, By Country, 2016–2023
Table 7 Middle East & Africa: Vinyl Acetate Monomer Market, By Country, 2016–2023
Table 6 Latin America: Vinyl Acetate Monomer Market, By Country, 2016–2023
Table 8 Global Vinyl Acetate Monomer Application Market, By Region, 2016–2023
Table 9 North America: Vinyl Acetate Monomer Application Market, By Country, 2016–2023
Table 10 Europe: Vinyl Acetate Monomer Application Market, By Country, 2016–2023
LIST OF FIGURES:
FIGURE 1 Global Vinyl Acetate Monomer Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Vinyl Acetate Monomer Market
FIGURE 4 Value Chain Of Global Vinyl Acetate Monomer Market
FIGURE 5 Share Of Global Vinyl Acetate Monomer Market In 2018, By Country (%)
FIGURE 6 Global Vinyl Acetate Monomer Market, 2016–2023
FIGURE 7 Sub-Segments Of Application, 2018
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