USD 9.4 billion
Vinyl Acetate Monomer Market Size, Share, and Growth Analysis
Vinyl Acetate Monomer Market By Purity ( <99%, 99% & Above), By Application (Polyvinyl Alcohol, Polyvinyl Acetate), By End User (Packaging, Construction), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15B2129 |
Region:
Global |
Published Date: February, 2025
Pages:
198
|Tables:
66
|Figures:
66
Format -
Vinyl Acetate Monomer Market Insights
Vinyl Acetate Monomer Market size was valued at USD 9.4 billion in 2023 and is poised to grow from USD 10.01 billion in 2024 to USD 16.57 billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).
Extensive utilization in various industrial applications is one of the key factors that is boosting the vinyl acetate monomer market growth. Vinyl acetate monomer (VAM) is an essential component that is used in the manufacturing of adhesives, paints, coatings, textiles and films. The growing demand for these products in construction, automotive, packaging and textile sectors is increasing the requirement of vinyl acetate monomer (VAM), leading to the expansion of the market. VAMs are also in greater demand because of the increasing popularity of eco-friendly and sustainable products. The sustainability and availability of VAM-based materials is a considerable advantage. VAM-based ethylene-vinyl acetate (EVA), for example, is a crucial ingredient in solar panel encapsulants and helps to provide a source of renewable energy. Due to the rising global trend towards greener energy and sustainable practices, it is expected that more applications of VAM will come into practice, supporting the increase in demand.
Furthermore, innovations in production technologies and the emergence of new manufacturing facilities are also making VAM easily accessible and cost-efficient. The catalyst development and process optimization innovations are improving the efficiency of production, minimizing expense, and increasing output. Furthermore, the increasing production abilities in many emerging economies due to rapid growth of industrialization is contributing towards the growth of the vinyl acetate monomer market.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Polyvinyl Alcohol
Fastest Growth
Polyvinyl Acetate
Growth Rate
6.5% CAGR
Global Vinyl Acetate Monomer Market ($ Bn)
Country Share for North America Region (%)
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Vinyl Acetate Monomer Market Segments Analysis
Global Vinyl Acetate Monomer Market is segmented by Purity, Application, End User and region. Based on Purity, the market is segmented into<99%, 99% & above. Based on Application, the market is segmented into Polyvinyl Alcohol, Polyvinyl Acetate, Ethylene Vinyl Acetate and Others. Based on End User, the market is segmented into Packaging, Construction, Textile, Adhesives and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Application
Based on application, the polyvinyl alcohol segment is dominating the market with the largest vinyl acetate monomer market share. Polyvinyl alcohol, stemming from the vinyl acetate monomer, is an important asset across several sectors because of its excellent chemical properties. The segment growth is fueled by its extensive use in adhesive, films and textiles. PVA's active component has an outstanding film formation capability as well as water solubility properties that make it an excellent substitute in most packaging application because of its ability to biodegrade. New developments in pharmaceuticals and 3D printing environments further boost the demand for PVA as it is biocompatible and therefore applicable in medical and industrial areas. In addition, the increasing need for sustainable and green solutions contributes even more to the further extension of the market. Moreover, strong industrial development and increasing investments in R&D is contributing towards the growth of polyvinyl alcohol segment.
The polyvinyl acetate segment is expected to grow at a significant CAGR during the forecast period. The polyvinyl acetate segment is growing rapidly in the VAM market due to its wide usage in adhesives, paints, and coatings. Polyvinyl acetate has a bond enhancing characteristic and is flexible which makes it useful in the construction and woodworking industries. This segment is witnessing innovations owing to demand for green and low-emission glue which is in line with the sustainability trends worldwide. The segment continues to see strong growth as the global construction and infrastructure development activities increase. Moreover, advancements in polymerization processes are improving the performance of polyvinyl acetate and boosting its market growth.
Analysis by End Use
Based on end use, the textile segment is dominating the vinyl acetate monomer market. The textile segment leading in the vinyl acetate monomer market because it uses derivatives, such as PVA, in fabric finishing, coating, and sizing. The growth of this segment is fueled by demand for high performance and durable textiles used in apparel, home furnishing as well as industrial fabrics. With the help of vinyl acetate products, fabrics can have better strength and durability so that they don't get damaged easily. Also, the development of water-repellent, UV resistant and other innovative textiles add more growth to this segment. The Asia-Pacific region is the world's center of textile production and, backed by technological progress and an increase of exports, is the largest consumer. Sustainability trends lead to replacing traditional solutions with the vinyl acetate solvents to reduce their environmental impact.
As per vinyl acetate monomer market analysis, the adhesive & coating segment is experiencing tremendous growth in recent years. Vinyl acetate monomer derivatives are predominantly used in adhesives and coatings, making it a lucrative segment. The increasing need for high-performance adhesives in the construction, automotive, and packaging sectors is driving the growth of this segment. With growing environmental concerns and strict regulations, water-based and solvent-free coatings derived from vinyl acetate monomer are emerging in the market. The development of hybrid adhesives and multifunctional coatings has increased the use of applications in many fields such as electronics and renewable energy components. Increasing construction works in the emerging markets and a growing interest in do-it-yourself (DIY) products in the developed countries is also supporting the growth of the market. In this segment, strategic partnerships and new developments of green solutions are equally important for maintaining competitive advantage.
Global Vinyl Acetate Monomer Market Analysis by Application
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Vinyl Acetate Monomer Market Regional Insights
North America is dominating with the largest vinyl acetate monomer market share. This region is leading the market because of the rising demand from end users and huge technological advancements. Furthermore, North America is the hub for several industries like construction & building materials, automotive, packaging, consumer goods, and furniture. All these industries require vinyl acetate monomer because of its solid and dependable properties. Moreover, this region is also one of the largest exporters of oil and gas, which is increasing the demand for efficient water-based adhesives vinyl acetate monomer for extracting oil from onshore and offshore regions. The demand for VAM is rapidly increasing in countries like US because of its extensive applications in sectors, especially in adhesives, paints, coatings, and packaging. The growth of construction and infrastructure projects has also increased the requirement for VAM-based products like adhesives and paints, offering durability and strong bond.
Over the course of the projected period, it is anticipated that the vinyl acetate monomer market in Asia Pacific would expand with the highest growth rate. VAM is utilized for producing adhesives, which is extremely vital for the growing construction and packaging sector in countries such as China and India. Vinyl acetate monomer is crucial for manufacturing paints and coatings, and it is extensively used in infrastructure projects and the automotive sector. Furthermore, VAM produces ethylene-vinyl, acetate (EVA) copolymers, which is important for the footwear and solar panel sector. The textile industry is also dependent on VAM for producing polyvinyl alcohol utilized in fabric finishing and sizing. These diversified applications, driven by the rapid development of industries and economies is increasing the demand for VAM in this region.
Global Vinyl Acetate Monomer Market By Geography
- Largest
- Fastest
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Vinyl Acetate Monomer Market Dynamics
Vinyl Acetate Monomer Market Drivers
Growing Consumer Preference for Eco-Friendly Products
- Rapidly increasing awareness about environmental sustainability and health issues related to old chemical products drives the demand. Manufacturers innovate and introduce VAM-based products that are aligned with the preferences of the eco-conscious consumer, marking higher market appeal and competitiveness. For instance, in February 2023, Celanese Corporation announced the expansion of its sustainable product portfolio within its acetyl chain.
Rapid Growth of Automotive Sector
- The automotive industry has witnessed growth over the years, mainly in demand for fuel-efficient and lightweight vehicles. Manufacturers are now looking for more advanced adhesive solutions to afford the bonding of lightweight materials such as composites and plastics. High-performance adhesives play a critical role in VAM in attaining durability and safety.
Vinyl Acetate Monomer Market Restraints
High Market Saturation
- The growth of the market leads to the proliferation of products and technologies, which increases competition among manufacturers, resulting in the reduction of profit margins price competition. This creates an imbalance making it difficult to manage the range of their offers. This forces the companies to invest more in research and development so that they can add more specialties to their products. Additionally, the over-supplied VAM in specific regions leads to the accumulation of stock and reduced demand, which further complicates the market dynamics.
Growing Challenges in Integration of Technological Advancement
- Transitioning to advanced technologies would often involve significant capital investment in equipment and process re-engineering within the company. Furthermore, the installation of new technologies might cause inconvenience to existing operations, and people will have to go through a rigorous learning process which hampers productivity. This financial and operational burden can discourage manufacturers, especially smaller-scale companies, from trying to achieve technological upgrades, which limits innovation in the market.
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Vinyl Acetate Monomer Market Competitive Landscape
The prominent companies in the vinyl acetate monomer industry are heavily investing in research and development for expanding their product line, which will boost the growth of vinyl acetate monomer industry. Furthermore, the market participants are also engaging in different strategic activities for increasing their footprint in the global market. They are launching new products, going into contractual agreements, and investing in various products. It is crucial that the vinyl acetate monomer market provides cost-efficient items for expanding and surviving in this competitive landscape.
Top Players in Vinyl Acetate Monomer Market
- Celanese Corporation (USA)
- China Petrochemical Corporation (Sinopec) (China)
- Chang Chun Group (Taiwan)
- LyondellBasell Industries (USA)
- Wacker Chemie AG (Germany)
- Kuraray Co., Ltd. (Japan)
- Jiangsu Sopo (Group) Co., Ltd. (China)
- Sasol Limited (South Africa)
- Sipchem (Saudi International Petrochemical Company) (Saudi Arabia)
- Dow Chemical Company (USA)
- Nippon Synthetic Chemical Industry Co., Ltd. (Japan)
- Shin-Etsu Chemical Co., Ltd. (Japan)
- Sekisui Chemical Co., Ltd. (Japan)
- Solventis Ltd. (UK)
- SABIC (Saudi Basic Industries Corporation) (Saudi Arabia)
- PetroChina Company Limited (China)
- Mitsui Chemicals, Inc. (Japan)
- LG Chem Ltd. (South Korea)
- Hanwha Solutions Corporation (South Korea)
- Clariant AG (Switzerland)
Recent Developments
- In February 2023, Celanese Corporation announced an increase in its portfolio of sustainable products with expansion across its acetyl chain. This has been complemented with the development of the provision of alternative eco-friendly materials and processes to meet the increasing call for sustainable alternatives. The company intends to focus its resources towards the improvement of product development innovations that are able to provide sustainable solutions and deal with environmental issues.
- In 2023, Asian Paints Ajanta, a leading paint company based in India, announced its plans through its subsidiary company to set up its manufacturing unit of Vinyl Acetate Ethylene Emulsion (VAE) and Vinyl Acetate Monomer (VAM) in Dahej, Gujarat. The company made this commitment formal by signing a memorandum of understanding (MoU) with the Government of Gujarat, which outlines the details of the project subject to requirement of approvals. This kind of initiative indicates their strong determination to increase the production capability and to satisfy the ever-growing need for these materials within the region.
- On February 2024, the Ministry of Chemicals and Fertilizers has approved the new order on quality control of Vinyl Acetate Monomer (VAM). The order specifies March 31st, 2025, as the date when these regulations go into practice. The new order stipulates that with the exception of VAM goods destined for export, all VAM goods or articles sold in India must conform to the Indian Standard IS 12345:1988 which bears the Standard Mark under BIS license.
Vinyl Acetate Monomer Key Market Trends
- Growing Use of VAM in Renewable Energy: Vinyl acetate monomer is a versatile chemical compound with diverse applications, and it is finding increased utility in the production of materials used in the renewable energy sector, particularly in the manufacturing of solar panels and photovoltaic modules. VAM serves as an essential component in the synthesis of advanced materials that enhance the efficiency and longevity of solar technologies. These materials play a critical role in increasing the conversion rates in solar panels, promoting more efficient and eco-friendly electricity generation.
- Increasing Shift towards Bio-Based Vinyl Acetate Monomer: Bio-based VAM production involves deriving VAM from renewable feedstocks, such as biomass, agricultural residues, or waste materials. This approach significantly reduces the carbon footprint associated with chemical manufacturing and aligns with the goal to minimize environmental impact and promote green and sustainable industrial practices. Researchers and industry stakeholders are actively investing in research and development (R&D) to develop and improve bio-based VAM production methods.
Vinyl Acetate Monomer Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, vinyl acetate monomers (VAM) are important raw materials that are utilized in different industries to produce adhesives, paints, coatings, textiles, films, and construction materials. These monomers also enable production of high-performance polymers, construction materials as well as ethylene-vinyl acetate (EVA) and polyvinyl acetate (PVA). It is used in the adhesives sector since resin-based VAM-enriched adhesives can easily be applied to consumer goods and e-commerce through excellent bonding properties. In the paints and coatings industry, VAM is used in the preparation of low volatile organic compounds (VOC) traces paints and coatings, which helps in minimizing carbon dioxide emissions and environmental pollutants. Biodegradable alternatives to conventional textiles are provided by PVA and fibers based on PVA which are used in the textile industry.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.4 billion |
| Market size value in 2032 | USD 16.57 billion |
| Growth Rate | 6.5% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Vinyl Acetate Monomer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Vinyl Acetate Monomer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Vinyl Acetate Monomer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vinyl Acetate Monomer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vinyl Acetate Monomer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vinyl Acetate Monomer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Vinyl Acetate Monomer Market Report Snapshots
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