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Vinyl Acetate Monomer (VAM) Market Trends

Report ID: GMI2474
Published Date: Jun 2024
Report Format: PDF

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Vinyl Acetate Monomers Market Trends

Innovation in product formulations emerges as a prominent market trend. Companies are continuously investing in R&D to create innovative formulations that offer enhanced performance, durability as well as environmental sustainability.

This trend is driven by evolving consumer preferences and stringent regulatory requirements, pushing manufacturers to develop novel products with improved characteristics. By leveraging innovative technologies and materials, industry players can differentiate their offerings, capture new market segments, and stay ahead of competitors. For example, in February 2023, LOTTE & INEOS Chemical revealed plans to boost VAM production capacity from 450,000 to 700,000 tonnes by constructing a third plant set to commence operations by late 2025.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Vinyl acetate monomer market was worth USD 14.4 billion in revenue in 2023 and will grow at 5.4% CAGR during 2024-2032 driven by increasing competitiveness among players.

The polyvinyl acetate segment in the market will grow at 5.7% CAGR from 2024 to 2032 owing to the formulation of adhesives, paints, and coatings for providing excellent adhesion, film-forming properties, and durability.

Asia Pacific vinyl acetate monomer market generated over USD 5.7 billion in 2023 and grow at 5.9% CAGR during 2024-2032 backed by rapid industrialization, urbanization, and economic growth.

Celanese Corporation, Chang Chun Group, DCC, Dow Chemical, Japan VAM & Poval Co Ltd, Kuraray Co ltd, and Sipchem.