APAC vinyl acetate monomer market to emerge dominant over 2017-2024, escalating product demand from the construction and automotive sectors to augment the industry growth

Sellbyville, DE -- (SBWire) -- 11/26/2018 --The qualitative research study conducted by Global Market Insights, Inc. titled "Vinyl Acetate Monomer Market" provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Vinyl Acetate Monomer Market.

Vinyl Acetate Monomer Market size will likely surpass USD 10 billion by 2024; according to a new research report by Global Market Insights, Inc. Vinyl acetate is an intermediary used for producing polymers and copolymers which are used in paints, paper coatings, adhesives, etc. It occurs as a clear and colorless liquid. This intermediary composite is majorly used for producing polyvinyl acetate and polyvinyl alcohol. Polyvinyl acetate has improved bonding property which find application in industrial and paper coatings whereas polyvinyl alcohol is significantly used in textiles, photosensitive coatings, packaging, etc.

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One of the principal reasons for vinyl acetate monomer market to become a multibillion dollar vertical is that the chemical is highly versatile, economically viable, and a major building block in the manufacturing process of various polymers. VAM is notoriously famous for being a key raw material in the production of polyvinyl acetate (PVA), used to manufacture adhesives, which further on, find usage across the construction, furniture, and automotive sectors. What's more, the chemical is also a chief raw material for vinyl acetate ethylene (VAE) emulsions and polyvinyl alcohol (PVOH) – chemicals that have witnessed an expansive demand in the packaging sector, further stimulating VAM industry.

The diverse application spectrum of VAM market can be chiefly credited for its massive growth. Indeed, the demand for the chemical is also vividly coherent from the efforts that industry players have been undertaking lately. INEOS Oxide for example has recently invested in building a multimillion dollar plant in Europe owing to the brisk growth of vinyl acetate monomer market in the region. This project incidentally, is aimed at reducing the reliance of Europe on imports from deep-sea locations and for the betterment of supply reliability.

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The expansion of the vinyl acetate monomer market will be largely facilitated by the demand of chemicals produced from VAM. In an era where environmental sustainability is being largely adopted, biodegradable plastics have become a major requirement across various industries, especially in food packaging. Polyvinyl alcohol is one such class of plastics that has extremely reliable credentials on the biodegradable front. Its applications are extremely diverse, ranging from films used for adult incontinence and feminine hygiene products to resin solutions used in personal care products, such as lubrication aid in eye drops and contact lens wetting solutions. A unique set of chemical, mechanical and physical properties provides PVOH resins with ample versatility, making them a potential growth avenue for VAM industry.

Polyvinyl alcohol is also used in the production of PVB resins, which has extensive applications in laminated glass. In consequence, the automotive and construction sectors have emerged as highly lucrative growth grounds for VAM market, given that laminated glass is massively used for automobile exteriors and building windows. Indeed, estimates claim vinyl acetate monomer market size from polyvinyl alcohol to register a 5% CAGR over 2017-2024.

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Polyvinyl acetate is yet another profitable application avenue for vinyl acetate monomer market, given that the chemical is deployed heavily in the production of adhesives and coatings for the construction sector. PVA adhesives are manufactured via VAM polymerization and find extensive usage in binding porous materials including paper, wood, cloth and as a combiner for permeable building stone. Driven by the chemical's expansive deployment in construction, vinyl acetate monomer market share from polyvinyl acetate is expected to surpass USD 2.5 million by 2024.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.