Global Vinyl Acetate Monomer Market to Reach $9.26 Billion by 2020
The global vinyl acetate monomer market was worth $6.82 billion in 2013, and–expanding at a 4.5% CAGR during the forecast period of 2014 to 2020–is expected to reach a value of $9.26 billion by 2020, according to a recent report from Transparency Market Research. Geographically, the vinyl acetate monomer market covers four main regions: North America, Asia-Pacific, Europe, and the rest of the world. In terms of application, the market for vinyl acetate monomer is segmented into ethylene-vinyl acetate (EVOH), polyvinyl alcohol (PVOH), polyvinyl acetate (PVA), ethylene-vinyl acetate (EVA), and others such as vinyl acetate ethylene.
Region-wise, Asia-Pacific led the global demand for vinyl acetate monomer, accounting for more than 40% of the total demand in 2013. Europe and North America followed next, and are anticipated to grow at a relatively slower pace during the forecast period. The rest of the world region, on the other hand, is projected to witness a consistent demand till 2020. The growing demand for adhesives from industries such as construction, packaging and furniture has led to a surge in demand for vinyl acetate monomer, thereby driving the global market.
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