Global Vinyl Acetate Monomer Market Analysis: Plant Capacity, Location, Process, Technology, Production, Operating Efficiency, Demand & Supply, End Use, Regional Demand, Foreign Trade, Sales Channel, Company Share
全球 VAM（醋酸乙烯單體）需求預計將從 2022 年的約 660 萬噸增長到 2032 年預測期間的穩定複合年增長率 4.41%。
VAM是一種無色有機單體，由乙烯以乙酸和氧氣乙醯化而產生。 它用於生產許多化學產品，包括聚乙烯醇、聚醋酸乙烯酯、乙烯醋酸乙烯酯和乙烯乙烯醇（EVOH）。 其中，聚醋酸乙烯酯產業在全球 VAM 需求中所佔份額最高。 EVOH 是一種阻隔性樹脂，用於食品容器、PET 瓶、油箱和熱塑性彈性體，也是 VAM 日益增長的應用之一。 VAM 具有多種特性，例如黏合性、光學透明性和纖維成型性。 由於這些特性，有多個最終用戶行業，包括包裝、建築、紡織和化妝品。 聚醋酸乙烯酯 (PVAc) 和聚乙烯醇 (PVOH) 主要使用 VAM 製成。 油漆、黏合劑、紙張塗料和紡織品加工都使用聚醋酸乙烯酯，而聚乙烯醇則用於黏合劑、塗料、水溶性包裝和紡織品經紗上漿。 聚乙烯醇縮丁醛 (PVB) 也採用 VAM 製成，用於汽車和建築物的夾層安全玻璃。 由 VAM 製成的乙烯醋酸乙烯酯 (EVA) 樹脂可用於包裝薄膜、重型袋、擠出塗層、電線電纜塗層、熱熔膠和交聯泡棉。 此外，EVA樹脂具有抗裂和抗穿刺性能，常與LDPE和LLDPE共聚，以提高共聚物的柔韌性和低溫性能。 VAM 廣泛用於生產乙烯乙烯醇 (EVOH)，這是一種用於食品包裝、塑膠瓶、儲氣罐和工業塑膠的阻隔樹脂。
VAM 是乳液聚合物、樹脂和中間體的重要組成部分，這些聚合物、樹脂和中間體用於油漆、紡織品、電線電纜應用的聚乙烯(PE) 化合物、層壓安全玻璃和包裝材料。 EVOH 和 EVA 樹脂用於食品包裝，可透過防止氣體、蒸氣和液體滲透來幫助維持食品新鮮度。 對樹脂、黏合劑和建築材料的需求不斷增長以及工業化的快速發展預計將在預測期內推動 VAM 的需求。 此外，紡織和化妝品等其他最終用戶產業的需求不斷增長也是推動 VAM 需求的因素。 預計到2032年，全球VAM市場將增加至約1,000萬噸。
按地區劃分，亞太地區在全球 VAM 市場中佔據主導地位。 2022 年，該地區約佔全球 VAM 市場的 64%。 這項需求主要由建築和包裝產業推動。 此外，印度和中國等新興經濟體人口和人均收入的成長，以及使用VAM的產業的增加，也是影響該地區需求成長的因素。 另一方面，從產量來看，擁有陶氏化學、塞拉尼斯等大公司的美國是VAM的主要生產國。
此外，從最終用戶產業來看，黏合劑和密封劑是主要產業，約佔2022年VAM淨需求市場份額的28%。 預計該行業在未來幾年將保持在全球 VAM 市場的主導地位。
全球VAM市場主要參與者：Dairen Chemical Corp.、Celanese、Sinopec Sichaun Vinylon Works、Sinopec Greatwall Energy、INEOS Group、LyondellBasell Industries、Millenium Petorchemicals、Dow Chemicals、Du Pont、Sipchem IVC、Wacker-Chemei、Showa Denko。
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H1 2023: During H1 2023, major producers of Vinyl Acetate Monomer (VAM) were Celanese Corporation, Dairen Chemical Corp., and Sinopec Sichaun Vinylon works. In January 2023, Asian Paints Limited chosen KBR's exclusive Vinyl Acetate Monomer (VAM) technology for a small-scale manufacturing facility in India. A 100 thousand tonnes per annum VAM facility will use the technology licensing, fundamental engineering, specialised equipment, and catalyst, by KBR under the conditions of the contract. In collaboration with the Japanese company Showa Denko K.K., KBR offers its VAM technology to Asian Paints. Based on region, Asia Pacific was leading in terms of consumption of VAM, In the beginning of 2023, VAM prices in the Asia Pacific region showed an upward trend. The VAM market in China saw growth of market from the beginning of 2023 as the demand for the product surged as a result of an increase in purchases from downstream sectors like paints & coatings. Participants in the market refilled the inventory after the Lunar New Year holiday which led to hike in prices. Additionally, prices for acetic acid and ethylene boosted the VAM market in China. Although, there was a drop in price in March 2023 as a result of a slowdown in purchasing activity from Asian and European nations due to weaker demand from their downstream paint and coatings industries.
H1 2022: During H1 2022, the total production of Vinyl Acetate Monomer (VAM) had reached 3.2 million tonnes. The key producers of Vinyl Acetate Monomer were Dairen Chemical Corp., Celanese, and Sinopec Sichaun Vinylon works. In H1 2022, Dairen Chemical Corp. solely produced approximately 20% of the VAM market. Based on region, Asia Pacific was leading in terms of consumption followed by North America and Europe. Asia Pacific region consumed roughly 60% of the VAM in H1 2022. The Asian market was first bearish, especially in China. Due to excess supply materials and weakening demand in the Chinese regional market, the prices of ethylene and acetic acid were also lowered. This trend was caused by weak market emotions and an adequate supply of the commodity. Acetic acid feedstock prices fell majorly as the surplus faced the worst. But soon, the market gained some momentum. The rising cost of raw materials as a result of rising oil prices impeded the growth of the adhesive and sealant sector. Additionally, there was high expansion of the EVA market with the growth in the use of photovoltaic cells in solar power generation that further led to market growth in H1 2022. Thus, the market trend was definitely interesting during H1 2022.
H2 2022: In H2 2022, Asian Paints, one of the leading paint manufacturers of India, signed a contract with KBR for manufacturing VAM and VAE in India. Asian Paints elaborated that it would establish a Vinyl Acetate Ethylene Emulsion (VAE) and Vinyl Acetate Monomer (VAM) manufacturing facility in Dahej, Gujarat, India. The construction of the VAM manufacturing facility would be based on a licenced technology agreement with KBR, USA. This project costs around USD 255 million (INR 21 billion) along with an annual production capacity of 100 thousand tonnes per annum of VAM and 150 thousand tonnes of VAE. Based on consumption, Asia Pacific still consumed the majority of VAM. However, the market remained sluggish in H2 2022 across Asian market. Owing to the low consumption rates and limited inquiries, the buying sentiment in the market was not so lucrative. Due to the typhoon damage to the ports of South Korea and western Japan in Northeast Asia hampered port operations during the month of September. Reduced port movements increased transit times and reported delays in shipments, had an effect on supply dynamics as well as port activities. Additionally, the cost pressure on downstream Vinyl Acetate Monomer was mediocre due to the continued stagnancy in feedstock pricing, i.e., acetic acid prices.
The global Vinyl Acetate Monomer (VAM) demand stood at approximately 6.6 million tonnes in 2022 and is expected to grow at a steady CAGR of 4.41% during the forecast period until 2032. Recently, Asian Paints have announced about setting a new manufacturing site in India to produce VAM (Vinyl Acetate Monomer) and VAE (Vinyl Acetate Ethylene Emulsion). This project is worth USD 255 million (INR 21 billion) and the plant is anticipated to have an annual production capacity of 100 thousand tonnes per annum of VAM along with 150 thousand tonnes of VAE.
Vinyl Acetate Monomer is a colorless organic monomer. It is produced by the acetylation of ethylene with acetic acid and oxygen. It finds application in the manufacturing numerous chemicals including polyvinyl alcohol, polyvinyl acetate, ethylene vinyl acetate, ethylene vinyl alcohol (EVOH). Out of these, the polyvinyl acetate segment holds the highest share of global demand for Vinyl Acetate Monomer. EVOH is a barrier resin used in food containers, plastic water bottles, fuel tanks, and thermoplastic elastomers, is one of the applications of VAM that is on the upswing. Vinyl Acetate Monomer has several properties like adhesion, optical clarity, fiber forming, etc. Due to these properties, it has several end-use industries including packaging, construction, textile, and cosmetics. Polyvinyl acetate (PVAc) and polyvinyl alcohol (PVOH) are primarily made using vinyl acetate monomer. Paints, adhesives, paper coatings, and textile procedures all use polyvinyl acetate, whereas polyvinyl alcohol is used to make adhesives, coatings, water-soluble packaging, and textile warp sizing. Polyvinyl butyral (PVB), is also made using VAM, which is used in laminated safety glass for cars and buildings. Ethylene-vinyl acetate (EVA) resin, which is produced from VAM, is employed for the production of packaging film, heavy-duty bags, extrusion coating, wire and cable jacketing, hot-melt adhesives, and cross-linked foam. Furthermore, EVA Resin possess crack and puncture resistance, is frequently copolymerized with LDPE and LLDPE to increase the copolymer's flexibility and low temperature performance. VAM is prominently used for manufacturing ethylene vinyl alcohol (EVOH), a barrier resin used in food packaging, plastic bottles, petrol tanks and industrial plastics.
VAM is a vital component of the emulsion polymers, resins, and intermediates that are used in paints, textiles, wire and cable polyethylene (PE) compounds, laminated safety glass, and packaging materials. EVOH and EVA resins are used in food packaging to help keep food fresh by preventing the penetration of gas, vapour, or liquid. Increasing demand for resins, adhesives, and construction materials coupled with fast-paced industrialization is projected to drive the demand for Vinyl Acetate Monomer during the forecast period. Moreover, the with the rise in the demand from other end-use industries such as textile and cosmetics is also a factor propelling the demand for Vinyl Acetate Monomer. The global Vinyl Acetate Monomer (VAM) market will swell to reach approximately 10 million tonnes by 2032.
Based on region, Asia Pacific is dominating the global Vinyl Acetate Monomer (VAM) market all across the globe. In 2022, this region has consumed roughly 64% of the global VAM market. The reason behind the demand of VAM is mainly due to the construction and packaging purpose. Moreover, the increasing population and per capita income in emerging economies like India and China coupled with the growing number of industries using Vinyl Acetate Monomer is another factor influencing demand growth in the Asia Pacific region. Although, the USA is the leading producer of Vinyl Acetate Monomer with major players like Dow Chemical and Celanese located in this region.
Based on the end-user industry, the Vinyl Acetate Monomer (VAM) market is bifurcated into Packaging, Construction, Textile, Adhesives & Sealants, Paints & Coatings, and Others. Although, Adhesives & Sealants industry is leading industry and accounted approximately 28% of the market share of net Vinyl Acetate Monomer (VAM) demand in 2022. This industry is expected to maintain its dominance over the global Vinyl Acetate Monomer (VAM) market in the forthcoming years.
Major players in the global Vinyl Acetate Monomer (VAM) market are Dairen Chemical Corp., Celanese, Sinopec Sichaun Vinylon Works, Sinopec Greatwall Energy, INEOS Group, LyondellBasell Industries, Millenium Petorchemicals, Dow Chemicals, DuPont, Sipchem IVC, Wacker-Chemei, Showa Denko, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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To extract data for the Global Vinyl Acetate Monomer (VAM) market, primary research surveys were conducted with Vinyl Acetate Monomer (VAM) manufacturers, suppliers, distributors, wholesalers, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for the Global Vinyl Acetate Monomer (VAM) market over the coming years.
ChemAnalyst calculated Vinyl Acetate Monomer (VAM) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Vinyl Acetate Monomer (VAM) across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Vinyl Acetate Monomer (VAM) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, Global Vinyl Acetate Monomer (VAM) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market size Volume in 2022
6.6 million tonnes
Market size Volume by 2032
10 million tonnes
CAGR of 4.41% from 2023 to 2032
Base year for estimation
2015 - 2022
2024 - 2032
Demand in thousand tonnes and CAGR from 2023 to 2032
Industry Market Size, Capacity by Company, Capacity by Location, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process, Policy and Regulatory Landscape.
By End-Use: (Packaging, Construction, Textile, Adhesives & Sealants, Paints & Coatings, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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