VINYL ACETATE MONOMER MARKET ANALYSIS
Global Vinyl Acetate Monomer Market was valued at US$ 9.35 Billion in 2022 in terms of revenue, exhibiting a CAGR of 6.1% during the forecast period (2023 to 2030).
Global Vinyl Acetate Monomer Market – Market Trend
One of the current industry trends is the manufacturer focusing more on production capacity by building new plants. For instance, in order to build a new Vinyl Acetate Monomer (VINYL ACETATE MONOMER) facility in Hull, INEOS committed US$ 150 million there in February 2020. The facility should be able to generate 300,000 metric tons (m.t.) annually. The new factories support U.K. exports to Europe and the rest of the globe as well as U.K. product manufacture. A rising trend in the market is the supply agreement of catalysts between manufacturers for business growth. For instance, in July 2020, KBR entered into a partnership with Sheng Hong Refining Petrochemical (Lianyungang) Co. Ltd., China, where KBR will supply a proprietary catalyst for a Sheng Hong’s grassroots 300 KTA Vinyl Acetate Monomer (VINYL ACETATE MONOMER). The unit represents the first commercial VINYL ACETATE MONOMER technology license and engineering contract under an alliance agreement between KBR and Showa Denko K.K. (SDK).
Vinyl Acetate Monomer Market Report Snapshots
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