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Vinyl Acetate Market

Global Vinyl Acetate Market Size, Share, Trends, Forecast: By Manufacturing Process: Ethylene Process, Acetylene Process, Others; By Application: Polyvinyl Acetate, Polyvinyl Alcohol, Ethylene Vinyl Acetate (EVA), Ethylene-Vinyl Alcohol (EVOH), Others; By End Use: Solar, Automotive, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Vinyl Acetate Market Outlook

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

 

Vinyl Acetate Market

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Growth of the Major Downstream Markets to Drive the Demand for Vinyl Acetate

The growth of the significant downstream applications including polyvinyl acetate, polyvinyl alcohol, and ethylene vinyl acetate is driving the demand for vinyl acetate globally. 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 for the product over the forecast period.

 

The Asia Pacific to Dominate the Global Market for Vinyl Acetate

The global market for vinyl acetate 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 industry growth over the forecast period owing to the growing adoption of renewable energy sources like solar panels.

 

Vinyl Acetate Market by End Use

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Vinyl Acetate: Market Segmentation

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.

Based on manufacturing process, the market is divided into:

  • Ethylene Process
  • Acetylene Process
  • Others

The major applications of vinyl acetate include:

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

Based on end use, the industry can be segmented into:

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Vinyl Acetate Market by Region

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Growing Shift Towards Solar Energy and Rapid Technological Advancements to Bolster the Vinyl Acetate Industry Growth

The increase in demand for adhesives in food packaging applications and the growing adoption of solar power generation are driving the growth of the 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. 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 expansion of the industry in the coming years.

 

Key Industry Players in the Global Vinyl Acetate Market

The report gives a detailed analysis of the following key players in the global vinyl acetate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

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

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the 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.

 

*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.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Vinyl Acetate Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Vinyl Acetate Historical Market (2018-2023) 
    8.3    Global Vinyl Acetate Market Forecast (2024-2032)
    8.4    Global Vinyl Acetate Market by Manufacturing Process
        8.4.1    Ethylene Process
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Acetylene Process
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Others
    8.5    Global Vinyl Acetate Market by Application
        8.5.1    Polyvinyl Acetate
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Polyvinyl Alcohol
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Ethylene Vinyl Acetate (EVA)
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Ethylene-Vinyl Alcohol (EVOH)
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others
    8.6    Global Vinyl Acetate Market by End Use
        8.6.1    Solar
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Automotive
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Building and Construction
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Packaging
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Textile
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Others
    8.7    Global Vinyl Acetate Market by Region
        8.7.1    North America
        8.7.2    Europe
        8.7.3    Asia Pacific
        8.7.4    Latin America
        8.7.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (HS Code: 291532)

    12.1    Major Exporting Countries:
        12.1.1     By Value 
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1     By Value
        12.2.2     By Volume
13    Price Analysis
    13.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    13.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    13.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    13.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    13.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Celanese Corporation
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Clariant Ltd.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Exxon Mobil Corporation
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    China Petrochemical Corporation
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Dairen Chemical Corporation
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Vinyl Acetate Market: Key Industry Highlights, 2018 and 2032
2.    Global Vinyl Acetate Historical Market: Breakup by Manufacturing Process (USD Billion), 2018-2023
3.    Global Vinyl Acetate Market Forecast: Breakup by Manufacturing Process (USD Billion), 2024-2032
4.    Global Vinyl Acetate Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Vinyl Acetate Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Vinyl Acetate Historical Market: Breakup by End Use (USD Billion), 2018-2023
7.    Global Vinyl Acetate Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8.    Global Vinyl Acetate Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Vinyl Acetate Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Vinyl Acetate Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Vinyl Acetate Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Vinyl Acetate Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Vinyl Acetate Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Vinyl Acetate Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Vinyl Acetate Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Vinyl Acetate Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Vinyl Acetate Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Vinyl Acetate Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Vinyl Acetate Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Major Importing Countries by Volume 
21.    Major Exporting Countries by Volume 
22.    Major Importing Countries by Value 
23.    Major Exporting Countries by Value 
24.    North America Historical Price Trends and Forecast 2018-2032
25.    Europe Historical Price Trends and Forecast 2018-2032
26.    Asia Pacific Historical Price Trends and Forecast 2018-2032
27.    Latin America Historical Price Trends and Forecast 2018-2032
28.    Middle East and Africa Historical Price Trends and Forecast 2018-2032    
29.    Global Vinyl Acetate Market Structure

Key Questions Answered in the Report

The global vinyl acetate market 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.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest market share.

The major manufacturing processes in the market are ethylene process and acetylene process, among others.

The leading application segments in the market are 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 major players in the industry are Celanese Corporation, Clariant Ltd., Exxon Mobil Corporation, China Petrochemical Corporation, and Dairen Chemical Corporation, among others.

Analyst Review

The global vinyl acetate market is being driven by the rising adoption of renewable energy sources. Aided by rapid technological advancements, the market is expected to witness a moderate growth in the forecast period of 2024-2032, growing at a CAGR of 4%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By manufacturing process, the market is segmented into ethylene process and acetylene process, among others. Based on application, the industry is divided into polyvinyl acetate, polyvinyl alcohol, ethylene vinyl acetate (EVA), and ethylene-vinyl alcohol (EVOH), among others. On the basis of end use, the market is categorised into solar, automotive, building and construction, packaging, and textile, among others. The major regional markets for vinyl acetate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Celanese Corporation, Clariant Ltd., Exxon Mobil Corporation, China Petrochemical Corporation, and Dairen Chemical Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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