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The vinyl acetate industry is being driven by the growing product demand for various applications and the expansion of the major downstream markets. China and the United States are the leading regions in the global market for vinyl acetate. While the rapid urbanisation and industrialisation in China is driving the regional demand for vinyl acetate, the increasing shale gas exploration and production (E&P) activities in the United States ensure a continuous supply of ethylene, a key raw material for manufacturing vinyl acetate. This factor is anticipated to enhance the production capacity of vinyl acetate in the United States, thus, effectively meeting the export and domestic demand.
Based on application, polyvinyl acetate (PVA) is one of the significant derivatives of vinyl acetate. PVA is majorly used in adhesive applications due to its effective adhesion properties to various substrates, including plastic films, wood, paper, and metals. Other major uses of PVA include paints and coatings. The growing construction activities across the globe is driving the demand for paints, coatings, sealants, and adhesives, which in turn, is propelling the growth of the polyvinyl acetate industry. The growing investments by the major players like Exxon Mobil Corporation (NYSE: XOM) and Celanese Corporation (NYSE: CE) in capacity expansion and mergers and acquisitions are expected to significantly contribute to the industry growth over the forecast period.
Market Breakup by Manufacturing Process, Application, End Use, and Regions:
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The major players in the global vinyl acetate market are Celanese Corporation, Clariant Ltd., Exxon Mobil Corporation, China Petrochemical Corporation, and Dairen Chemical Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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