Add 2 More Reports For 20% off

Report Overview

The global vinyl acetate market value reached is expected to grow at a CAGR of 4% in the forecast period of 2024-2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Vinyl Acetate Market Growth

Global Vinyl Acetate Market Report Summary Description Value
Base Year USD Million 2023
Historical Period USD Million 2018-2023
Forecast Period USD Million 2024-2032
Market Size 2023 USD Million XX
Market Size 2032 USD Million XX
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 4.0%
CAGR 2024-2032 - Market by Region Asia Pacific 4.5%
CAGR 2024-2032 - Market by Country India 4.5%
CAGR 2024-2032 - Market by Country China 4.1%
CAGR 2024-2032 - Market by End Use Solar 4.6%
CAGR 2024-2032 - Market by Application Ethylene Vinyl Acetate (EVA) 4.5%
Market Share by Country 2023 France 3.7%

Vinyl acetate (VAM), an organic compound, is represented by the formula C4H6O2. It is a precursor to polyvinyl acetate, which serves as a significant industrial polymer. It is used as a major ingredient in furniture glue. Commercially, it is prepared via the reaction of ethylene, acetic acid, and oxygen in the presence of a palladium catalyst.

The growth of the significant downstream applications including polyvinyl acetate, polyvinyl alcohol, and ethylene vinyl acetate is driving the vinyl acetate market demand. Ethylene vinyl alcohol is the fastest growing end-use sector for the product.

Further, ethylene vinyl acetate (EVA) resins are used in the production of packaging film, foam, wires and cables, hot melt adhesives, and encapsulation of photovoltaic (PV) modules in solar cells. The growing demand for photovoltaic panels, which are used in solar energy generation is expected to drive the demand of the vinyl acetate market over the forecast period.

Vinyl Acetate Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Global Vinyl Acetate Market Analysis

The vinyl acetate demand growth is dominated by the Asia Pacific region. The demand is growing in the region due to the rapid urbanisation and industrialisation as well as the growing construction activities in the region. With the growing construction activities, the production capacity of paints and coatings, and adhesives are also growing, wherein vinyl acetate is mainly utilised, thus, aiding the industry growth.

The developed regions like North America and Europe will significantly contribute to the vinyl acetate industry growth over the forecast period owing to the growing adoption of renewable energy sources like solar panels.

Vinyl Acetate Industry Outlook

The vinyl acetate market revenue has experienced significant growth in recent years. According to Trade Map, the total global import value was USD 2.05 billion in 2019, which increased to USD 3.65 billion in 2021 and to USD 4.14 billion in 2022. Belgium, a major importer, saw its import value rise from USD 540.1 million in 2019 to USD 881.2 million in 2020, peaking at USD 1.03 billion in 2021. China's import value also showed resilience, growing from USD 440.6 million in 2020 to USD 521.6 million in 2022. India maintained steady growth, with imports increasing from USD 193.9 million in 2019 to USD 450.1 million in 2021.

Germany's imports exhibited robust growth, from USD 172.7 million in 2019 to USD 384.6 million in 2022. Turkey also saw substantial increases, recovering from USD 111.5 million in 2020 to USD 384.6 million in 2022. Italy's imports rose from USD 57.9 million in 2020 to USD 368.2 million in 2022. The Republic of Korea's imports increased from USD 64.6 million in 2019 to USD 86.8 million in 2022. Spain's imports grew from USD 59.7 million in 2019 to USD 112.4 million in 2022. Canada and the United Kingdom exhibited similar growth patterns, with Canada's imports rising from USD 45.3 million in 2019 to USD 71.2 million in 2022, and the United Kingdom's imports growing from USD 46.4 million in 2019 to USD 101.1 million in 2022. France's import value rose significantly from USD 40.8 million in 2019 to USD 101.1 million in 2022. Trade Map data underscores the rising demand and strategic significance of vinyl acetate across industries worldwide, indicating robust market performance and favorable future growth for the vinyl acetate industry revenue.

In 2023, Asian Paints announced plans to establish a new manufacturing facility in India dedicated to producing Vinyl Acetate Monomer (VAM) and Vinyl Acetate Ethylene Emulsion (VAE). This project, valued at USD 255 million (INR 21 billion), is expected to have an annual production capacity of 100,000 tonnes of VAM and 150,000 tonnes of VAE.

Vinyl acetate is used in diverse sectors like adhesives, paints, and textiles that is driving consistent demand in the vinyl acetate market.

  • Expansion in construction and automotive sectors fuels increased usage of vinyl acetate-based products.
  • Innovations in production processes enhance efficiency and reduce costs which is supporting growth of the vinyl acetate industry.

Fluctuations in raw material costs can impact profitability and market stability.

  • Regulatory pressures related to emissions and waste management may increase operational costs.
  • Market demand is sensitive to economic downturns and fluctuations in industrial activity.

Expanding industrialisation in developing regions offers growth potential for vinyl acetate products.

  • Increasing demand for eco-friendly and low-VOC products can drive innovation in vinyl acetate applications.
  • New applications and formulations can open additional revenue streams and opportunities in the vinyl acetate market.

Stringent environmental regulations may impose restrictions on production and increase compliance costs.

  • Intense competition from alternative materials and global players can impact vinyl acetate market.
  • Geopolitical events and supply chain issues may affect raw material availability and cost.

Key Players in the Vinyl Acetate Market and Their Strategic Initiatives

Celanese Corporation

  • Expanded production capacity in Asia to meet the growing demand of the vinyl acetate market. 
  • Invested in sustainable manufacturing practices.

Clariant Ltd.

  • Developed eco-friendly VAM alternatives. 
  • Strengthened global distribution networks.

Exxon Mobil Corporation

  • Enhanced supply chain resilience to capture the vinyl acetate market opportunities. 
  • Implemented cutting-edge technology for efficiency.

China Petrochemical Corporation

  • Expanded VAM production facilities domestically. 
  • Emphasized sustainability in production processes.

Vinyl Acetate Market by End Use

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Global Vinyl Acetate Industry Segmentation

“Global Vinyl Acetate Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Manufacturing Process

  • Ethylene Process
  • Acetylene Process
  • Others

Market Breakup by Application

  • Polyvinyl Acetate
  • Polyvinyl Alcohol
  • Ethylene Vinyl Acetate (EVA)
  • Ethylene-Vinyl Alcohol (EVOH)
  • Others

Market Breakup by End Use

  • Solar
  • Automotive
  • Building and Construction
  • Packaging
  • Textile
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
CAGR 2024-2032 - Market by Country
India 4.5%
China 4.1%
Canada 4.0%
Mexico 4.0%
UK 3.8%
USA XX%
Germany XX%
France 3.4%
Japan XX%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Italy 3.0%

Vinyl Acetate Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Vinyl Acetate Market Share

The increase in demand for adhesives in food packaging applications and the growing adoption of solar power generation are driving the demand for the vinyl acetate market. The solar power industry is witnessing a rapid growth across the world owing to the growing environmental concern and rising demand for renewable energy sources.

Further, the thriving construction sector, growing demand for automotive and furniture as well as paints and coatings are the major drivers of vinyl acetate industry growth. In emerging economies such as India and China, there has been a rise in consumer disposable incomes that is further aiding the demand for automobiles. This, in turn, is augmenting the demand for ethylene vinyl acetate (EVA) resins, which are widely used in the production of automobile bumpers and moulded parts.

The rapid technological advancements and increasing R&D activities are expected to have a positive effect on the expansion of the global vinyl acetate industry. For instance, the introduction of bio-based ethylene vinyl acetate materials will provide lucrative opportunities for the growth of the vinyl acetate industry in the coming years.

Leading Companies in the Vinyl Acetate Market

The companies specialise in the production of petrochemicals, refining, and exploration of oil and gas, offering a wide range of products and services in the energy and chemical sectors.

  • Celanese Corporation 
  • Clariant Ltd. 
  • Exxon Mobil Corporation 
  • China Petrochemical Corporation 
  • Dairen Chemical Corporation

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Key Questions Answered in the Report

The global vinyl acetate market value is projected to grow at a CAGR of 4% between 2024 and 2032.

The major drivers of the industry, such as rising disposable incomes, increasing population, growing downstream applications, rising demand for photovoltaic panels, rapid urbanisation and industrialisation, increasing construction activities, growing demand for adhesives in food packaging applications, rising technological advancements, and growing R&D activities are expected to aid the market growth.

The key trends guiding the growth of the market include the rising adoption of renewable energy and the introduction of bio-based ethylene vinyl acetate materials.

Based on the region, the market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

The market is broken down into ethylene process and acetylene process, among others.

The market is broken down into polyvinyl acetate, polyvinyl alcohol, ethylene vinyl acetate (EVA), and ethylene-vinyl alcohol (EVOH), among others.

The significant end-use sectors in the industry are solar, automotive, building and construction, packaging, and textile among others.

The competitive landscape consists of Celanese Corporation, Clariant Ltd., Exxon Mobil Corporation, China Petrochemical Corporation, and Dairen Chemical Corporation among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Manufacturing Process
  • Application
  • End Use
  • Region
Breakup by Manufacturing Process
  • Ethylene Process
  • Acetylene Process
  • Others
Breakup by Application
  • Polyvinyl Acetate
  • Polyvinyl Alcohol
  • Ethylene Vinyl Acetate (EVA)
  • Ethylene-Vinyl Alcohol (EVOH)
  • Others
Breakup by End Use
  • Solar
  • Automotive
  • Building and Construction
  • Packaging
  • Textile
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Celanese Corporation
  • Clariant Ltd.
  • Exxon Mobil Corporation
  • China Petrochemical Corporation
  • Dairen Chemical Corporation
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us

Our Offices


Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124