Global Vinyl Acetate Market to Grow at a CAGR of 4% During 2024-2032, Aided by the Expansion of the Major Downstream Markets

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.

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Market Breakup by Manufacturing Process, Application, End Use, and Regions:

• By manufacturing process, the industry can be segmented into ethylene process and acetylene process, among others. 

• On the basis of application, the industry has been categorised into polyvinyl acetate, polyvinyl alcohol, ethylene vinyl acetate (EVA), and ethylene-vinyl alcohol (EVOH), among others.

• Based on end use, the industry is divided into solar, automotive, building and construction, packaging, and textile, among others. 

• Region-wise, the global market for vinyl acetate can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The industry is being driven by the growing demand for vinyl acetate from the downstream application sectors and the thriving ethylene vinyl alcohol industry. 

• The advancements in the food packaging sector and the growing R&D activities are further propelling the market growth. 

• The industry is receiving a further impetus with the growing concern regarding the environment and the growing adoption of solar energy.  

• The rapid urbanisation and growing construction activities are driving the demand for paints and coatings and adhesives, thus, accelerating the growth of the industry. 

Key Offerings of the Report:

• The EMR report gives an overview of the global market for vinyl acetate for the periods (2018-2023) and (2024-2032). 

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the manufacturing processes, applications, end uses, and major regions of vinyl acetate.

• The report also gives the regional historical (2018-2023) and forecast (2024-2032) price trends of the product.

• It also provides an insight into the global trade data for the market, covering the volume and value of major exporting and importing countries. 

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.