Global Vinyl Acetate Market to Reach Nearly $12 Billion
Growth in the global vinyl acetate monomer (VAM) market is attributed to increasing use of adhesives in construction sector, along with rising plastic packaging demand across the globe by various industries
The global vinyl acetate monomer (VAM) market is projected to reach $11.93 billion by 2026, according to the TechSci Research report “Global Vinyl Acetate Monomer Market By Application, By Region, Competition Forecast & Opportunities, 2012-2026.” Growth in the global vinyl acetate monomer market is attributed to increasing use of adhesives in construction sector, automotive manufacturing, furniture production, and coatings industry, along with rising plastic packaging demand across the globe by various industries. Additionally, VAM is witnessing increasing demand for use in production of emulsion polymers, resins used in textiles, wire and cable polyethylene compounds, and laminated safety glass.
In 2016, Asia-Pacific was reportedly the largest consumer of vinyl acetate monomer globally, owing to relaxed environmental policies in leading VAM producing countries. The fast-paced growth of manufacturing industries in the Asia-Pacific region has increased the regional automotive, coatings and furniture production. Moreover, stringent environmental laws imposed on manufacturing sector of several Western Europe and North America economies are pushing multi-national producers as well as consumers of vinyl acetate monomer toward Asia-Pacific. All these factors are expected to boost the demand for vinyl acetate monomer in Asia-Pacific during 2017-2026.