Vinyl Acetate Market by Applications (Polyvinyl Acetate, Polyvinyl Alcohol, Ethylene Vinyl Acetate, and Other Applications), End-user Industries (Solar, Automotive, Building and Construction, Packaging, Textile, and Other End-user Industries), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global vinyl acetate market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing demand for solar power in developed and emerging economies.
Vinyl acetate is a colorless chemical compound that is precursor to polyvinyl acetate, a crucial industrial polymer. It is prepared by reacting ethylene with oxygen and acetic acid over a palladium catalyst. It does not emit toxic gases. Polyvinyl acetate makes glue highly viscous, which is utilized in various industrial applications.
The outbreak of COVID-19 led to halt of supply of raw materials, thus disrupting various industries, leading to low supply and high demand for vinyl acetate. However, relaxation of restriction eased the logistics trade activities, which is estimated to help the market recover soon.
Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for paints & coatings on account of increasing spent on infrastructure development is expected to have a positive influence on the vinyl acetate market growth during the forecast period.
- Rising packaging innovation is expected to propel the growth of the market.
- Increasing focus of industry players on expanding production capacity can boost the market growth.
- Fluctuating cost of crude has a direct impact on the vinyl acetate market price, which in turn, can hinder the market growth.
- Growing demand in Asia Pacific for EVA-based photovoltaic application is expected to provide new opportunities for the growth of the market.
- Rising trend of eco-friendly packaging is anticipated to foster the market growth.
Scope of the Report
The report on the global vinyl acetate market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Vinyl Acetate Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Applications (Polyvinyl Acetate, Polyvinyl Alcohol, Ethylene Vinyl Acetate, and Other Applications), End-user Industries (Solar, Automotive, Building and Construction, Packaging, Textile, and Other End-user Industries) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Celanese Corporation; China Petrochemical Corporation (Sinopec); Exxon Mobil Corporation; Kuraray Co. Ltd; LyondellBasell Industries Holdings BV; and Sipchem |
Vinyl Acetate Market Segment Insights
Polyvinyl acetate segment is expected to account a major market share
Based on applications, the market is divided into polyvinyl acetate, polyvinyl alcohol, ethylene vinyl acetate, and other applications. The polyvinyl acetate segment is expected to hold a major market share during the forecast period owing to growing demand for this chemical compound in various industries in China. However, the polyvinyl alcohol segment is anticipated to hold a key share of the market in the coming years on account of increasing demand for effective film forming and emulsifier.
Automotive segment is projected to register a healthy CAGR
On the basis of the end-user industries, the market is segregated into solar, automotive, building and construction, packaging, textile, and other end-user industries. The automotive segment is projected to register a healthy CAGR during the forecast period due to increasing production of automobiles. On the other hand, the solar segment is anticipated to account for a major market share due to rising focus on renewable energy.
Asia Pacific is anticipated to constitute a key market share
In terms of regions, the vinyl acetate market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to increasing investment in construction and automotive industries, especially in India and China. However, North America is anticipated to expand at a rapid pace during the forecast period due to growing redevelopment in countries such as the US and Canada.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vinyl Acetate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vinyl Acetate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vinyl Acetate Market - Supply Chain
4.5. Global Vinyl Acetate Market Forecast
4.5.1. Vinyl Acetate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vinyl Acetate Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Vinyl Acetate Market Absolute $ Opportunity
5. Global Vinyl Acetate Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Vinyl Acetate Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Vinyl Acetate Demand Share Forecast, 2019-2026
6. North America Vinyl Acetate Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Vinyl Acetate Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Vinyl Acetate Demand Share Forecast, 2019-2026
7. Latin America Vinyl Acetate Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Vinyl Acetate Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Vinyl Acetate Demand Share Forecast, 2019-2026
8. Europe Vinyl Acetate Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Vinyl Acetate Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Vinyl Acetate Demand Share Forecast, 2019-2026
9. Asia Pacific Vinyl Acetate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Vinyl Acetate Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Vinyl Acetate Demand Share Forecast, 2019-2026
10. Middle East & Africa Vinyl Acetate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Vinyl Acetate Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Vinyl Acetate Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Vinyl Acetate Market: Market Share Analysis
11.2. Vinyl Acetate Distributors and Customers
11.3. Vinyl Acetate Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Celanese Corporation
11.4.2. China Petrochemical Corporation (Sinopec)
11.4.3. Exxon Mobil Corporation
11.4.4. Kuraray Co. Ltd
11.4.5. LyondellBasell Industries Holdings BV
11.4.6. Sipchem
Segments Covered in the Report
The global vinyl acetate market has been segmented on the basis of
Applications
- Polyvinyl Acetate
- Polyvinyl Alcohol
- Ethylene Vinyl Acetate
- Other Applications
End-users Industries
- Solar
- Automotive
- Building and Construction
- Packaging
- Textile
- Other End-user Industries
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Celanese Corporation
- China Petrochemical Corporation (Sinopec)
- Exxon Mobil Corporation
- Kuraray Co. Ltd
- LyondellBasell Industries Holdings BV
- Sipchem
Key players competing in the global vinyl acetate market are Celanese Corporation; China Petrochemical Corporation (Sinopec); Exxon Mobil Corporation; Kuraray Co. Ltd; LyondellBasell Industries Holdings BV; and Sipchem.
In May 2020, Celanese Corporation, a global chemical and specialty materials company, announced that it signed a memorandum of understanding for a long-term commercial agreement with Anhui Wanwei Group Co., Ltd., (Wanwei), a China-based green technology supplier, to supply ethylene-based vinyl acetate monomer (VAM).
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