The high demand for adhesives from various end-user industries is primarily driving the vinyl acetate monomer market's expansion. Due to their high adhesion characteristics to a substrate like ceramics, metals, paper, and wood, adhesives are widely utilised in paints and coatings, construction, laminates, paper, and textiles for bonding purposes. Thus, the market expansion of the vinyl acetate monomer is being driven by the increasing demand for adhesives from a variety of end-user industries. The market is expanding as a result of the expanding usage of vinyl acetate monomer in packaging films, photosensitive coatings, and thickeners for the manufacturing of polyvinyl alcohol. Furthermore, polyvinyl alcohol is used to create polyvinyl butyral (PVB), a material with excellent toughness and clarity that serves as a shield for glass. In addition, PVB is employed in the manufacture of laminated glass for autos, buildings, and construction. One of the current market trends is the manufacturer's increased focus on production capacity through the construction of new facilities. A rising trend in the market is the supply agreement of catalysts between manufacturers for business expansion.
According to Coherent Market Insights, Revenue for the global Vinyl Acetate Monomer Market was estimated at US$ 8848.20 Million in 2021, growing at a 5.9% CAGR over the projected period (2022 to 2030).
Prominent Companies in the Vinyl Acetate Monomer Industry:
1. Japan VAM & POVAL Co. Ltd.
The company was established in 1968 and is based in Osaka, Japan. The production of industrial organic compounds is a business activity for the company. The business has a distinctive selection of goods to choose from, including Poval, a dependable water-soluble synthetic glue.
2. Kuraray Co. Ltd
The company was established in 1926 and has its main office in Tokyo, Japan. The business produces synthetic and chemical fibres, as well as specific resin, synthetic leather, high-end chemicals, and non-woven fabrics for use in both clothing and industrial components. In conjunction with the launch of the "PASSION 2026" medium-term management strategy, the firm debuted its newly developed worldwide corporate motto, "Possible starts here," in June 2022. The company was added to the global index provider FTSE Russell's FTSE Blossom Japan Sector Relative Index in April 2022.
3. LyondellBasell Industries
The company was established in 2007 and has its Headquartered in Rotterdam, Netherlands. The business makes petrochemical goods and creates polypropylene, polypropylene compounds, propylene oxide, polyethylene, ethylene, propylene, and other petrochemical goods. LyondellBasell and EEW signed a letter of intent in March 2023 regarding potential advanced waste sorting. LyondellBasell will use Beon3D polypropylene chemicals to boost additive manufacturing in December 2020.
4. Ningxia Yinglite Chemical Co., Ltd.,
The company was established in 1996 and is located in China. The business produces and sells related chemicals such as dicyandiamide, lime nitrogen, and calcium carbide. The business manufactures gypsum-related goods, raw and dangerous chemicals, and lime in China. Calcium carbide, calcium cyanamide, and dicyandiamide are some of its principal products.
5. China Petroleum & Chemical Corporation (Sinopec Corp.),
The business was established in 2000 and has its headquarters in Beijing, China. The business manufactures and sells petroleum- and petrochemical-related products. As Sinopec announced that an NIO Power Swap Station 2.9 would be installed in the Sinopec Chaoying Station in Beijing, the two companies officially joined forces in 2021.
6. The Dow Chemical Company
The company was established in 1897 and has its main office in Michigan, United States. The business produces plastic materials, rubber, agro-science, and speciality chemicals. Worldwide, Dow Chemical provides services to the packaging, construction, food, and personal care industries. Dow unveiled a new FINGERPRINTTM grade for the microirrigation market in March 2023.
7. Wacker Chemie AG
The corporation's headquarters are in Munich, Germany and it was established in 1914. The company produces a wide variety of speciality chemical goods, including semiconductor wafers, a wide range of silicones, vinyl acetate-based polymers, and biotech products. Hyperpure polysilicon for the electronics and solar industries is another product the company produces. Wacker increased the volume of silicone sealants it produces at its Nünchritz facility in March 2023.
*Definition: An organic molecule called vinyl acetate monomer is created when ethylene and acetic acid are combined with oxygen and a palladium catalyst. It is a crucial chemical ingredient used to make a variety of industrial and consumer products, including polymers, which are then used to make coatings, wire, construction materials, etc.
