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The vinyl acetate monomer market share is expected to increase by USD 2.02 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.52%.
This vinyl acetate monomer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers vinyl acetate monomer market segmentation by type (PVA, PVOH, EVA, EVOH, and others) and geography (APAC, Europe, North America, South America, and MEA). The vinyl acetate monomer market report also offers information on several market vendors, including Celanese Corp., China Petrochemical Corp., Dow Inc., INEOS Group Holdings SA, Kuraray Co. Ltd., LyondellBasell Industries NV, Saudi International Petrochemical Co., Shin-Etsu Chemical Co. Ltd., Solventis Ltd., and Wacker Chemie AG among others.
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The rising residential and commercial infrastructure activities are notably driving the vinyl acetate monomer market growth, although factors such as volatility of raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the vinyl acetate monomer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Vinyl Acetate Monomer Market Driver
One of the key factors driving growth in the vinyl acetate monomer market is the rising residential and commercial infrastructure activities. The growth of the global residential and construction industry has led to an increase in the construction of office spaces, commercial complexes, and residential buildings. This has led to a surge in demand for paints and coatings, such as architectural paints and coatings, which are widely preferred and used in construction and structural applications. Vinyl acetate monomer is one of the key ingredients used during the manufacturing of paint and coatings. Rapid urbanization and significant investments in infrastructure development are boosting the demand for paints and coatings in developing countries, which, in turn, will drive the growth of the market in focus.
Key Vinyl Acetate Monomer Market Challenge
The volatility of raw material prices will be a major challenge for the vinyl acetate monomer market during the forecast period. Ethylene and acetic acid, the major raw materials used in vinyl acetate monomer, are manufactured from oil and natural gas. Therefore, the prices of these petrochemicals are dependent on the prices of natural gas and crude oil. Due to the demand-supply imbalance and global geopolitical instability, the volatility of crude oil and natural gas prices in the overseas market has increased. This has resulted in a significant increase in the prices of these petrochemicals. Fluctuating prices of crude oil will have a significant impact on the profitability of chemical manufacturers, thereby hampering the growth of the global vinyl acetate monomer market.
This vinyl acetate monomer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The global diversified chemicals market covers companies engaged in the manufacturing of a diverse range of chemical products that are not included in the categories of industrial gases, commodity chemicals, specialty chemicals or fertilizers, and agricultural chemicals. Technavio calculates the global diversified chemicals market size based on combined revenue generated by manufacturers of a diverse range of chemicals.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the vinyl acetate monomer market encompasses successful business strategies deployed by the key vendors. The vinyl acetate monomer market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The vinyl acetate monomer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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45% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for vinyl acetate monomers in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The vinyl acetate monomer market share growth by the PVA segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the vinyl acetate monomer market size and actionable market insights on post COVID-19 impact on each segment.
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Vinyl Acetate Monomer Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.52% |
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Market growth 2022-2026 |
$ 2.02 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
3.50 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 45% |
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Key consumer countries |
China, US, Germany, Japan, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Celanese Corp., China Petrochemical Corp., Dow Inc., INEOS Group Holdings SA, Kuraray Co. Ltd., LyondellBasell Industries NV, Saudi International Petrochemical Co., Shin-Etsu Chemical Co. Ltd., Solventis Ltd., and Wacker Chemie AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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