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1460796

醋酸乙烯單體市場 - 全球產業規模、佔有率、趨勢、機會和預測，按類型、應用、地區和競爭細分，2019-2029F

Vinyl Acetate Monomer Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Application, By Region and Competition, 2019-2029F

出版日期: 2024年04月03日 | 出版商:

TechSci Research | 英文 185 Pages | 商品交期: 2-3個工作天內

價格

簡介目錄

2023 年全球醋酸乙烯單體市場價值為 72.5 億美元，預計到 2029 年預測期內將實現強勁成長，複合CAGR為4.38%。醋酸乙烯單體(VAM) 作為眾多產品的關鍵成分發揮著至關重要的作用，由於其卓越的黏合性能和聚合適用性。 VAM 市場經歷了大幅成長，主要受到蓬勃發展的建築和汽車產業的推動。需求的激增導致油漆、黏合劑和塗料中對 VAM 的需求增加，以滿足這些產業不斷擴大的需求。

此外，包裝產業已成為 VAM 市場的重要貢獻者。不斷成長的消費主義和不斷變化的生活方式刺激了對包裝商品的需求，從而促進了基於 VAM 的黏合劑在包裝材料中的使用。隨著對便利性和永續包裝解決方案的需求不斷成長，基於 VAM 的配方已成為確保可靠和安全包裝不可或缺的一部分。

此外，紡織業對基於 VAM 的產品的需求激增，特別是在黏合劑、塗料和整理劑方面。這種成長可歸因於全球時尚和服裝市場的蓬勃發展，VAM 的特性被用來提高紡織品的耐用性、美觀性和性能。

然而，值得注意的是，VAM 市場面臨某些挑戰，例如原料價格波動以及與其生產相關的環境問題。原料成本的波動會影響基於 VAM 的產品的整體成本效益，進而影響市場成長。此外，圍繞 VAM 生產的環境考慮因素，特別是在排放和廢物管理方面，也是需要關注和創新的領域。

儘管如此，市場仍在見證生產技術的進步，為最佳化效率和減少環境影響提供了機會。來自可再生資源的生物基 VAM 的開發為市場提供了一條令人興奮的途徑，符合對永續和環保解決方案不斷成長的需求。

主要市場促進因素

建築業對醋酸乙烯單體的需求不斷成長

Global Vinyl Acetate Monomer Market was valued at USD 7.25 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.38% through 2029. Vinyl Acetate Monomer (VAM) plays a crucial role as a key ingredient in numerous products, owing to its exceptional bonding properties and suitability for polymerization. The VAM market has experienced substantial growth, primarily driven by the booming construction and automotive industries. This surge in demand has led to an increased need for VAM in paints, adhesives, and coatings, catering to the ever-expanding requirements of these sectors.

Moreover, the packaging industry has emerged as a significant contributor to the VAM market. The rising consumerism and evolving lifestyle patterns have fueled the demand for packaged goods, consequently boosting the utilization of VAM-based adhesives in packaging materials. As the demand for convenient and sustainable packaging solutions continues to grow, VAM-based formulations have become indispensable in ensuring reliable and secure packaging.

Furthermore, the textile industry has witnessed a surge in demand for VAM-based products, specifically in binders, coatings, and finishes. This upswing can be attributed to the flourishing global fashion and clothing market, where VAM's properties are utilized to enhance the durability, aesthetics, and performance of textiles.

However, it is important to note that the VAM market faces certain challenges such as fluctuating raw material prices and environmental concerns associated with its production. The volatility in raw material costs can impact the overall cost-effectiveness of VAM-based products, affecting market growth. Additionally, environmental considerations surrounding VAM production, particularly in terms of emissions and waste management, are areas that require attention and innovation.

Nevertheless, the market continues to witness advancements in production technologies, offering opportunities to optimize efficiency and reduce environmental impact. The development of bio-based VAM, derived from renewable sources, presents an exciting avenue for the market, aligning with the growing demand for sustainable and eco-friendly solutions.

Key Market Drivers

Growing Demand of Vinyl Acetate Monomer from Construction Industry

Vinyl Acetate Monomer (VAM) plays a pivotal role in the construction industry, thanks to its versatile properties. This compound is widely used in the production of essential materials such as polyvinyl acetate (PVA) and polyvinyl alcohol (PVOH), which find applications in adhesives, sealants, paints, and coatings.

The demand for VAM has seen significant growth, especially in developing countries, driven by the rapid expansion of the construction industry. As urbanization continues to accelerate and infrastructure development projects multiply, the need for high-quality and durable construction materials becomes paramount. Consequently, the demand for VAM experiences a substantial boost.

Looking ahead, the construction industry is expected to remain a key driver of the VAM market. With ongoing urbanization in developing countries and the global economy gradually recovering from the impacts of the COVID-19 pandemic, construction activities are poised to witness a surge. This, in turn, will further amplify the demand for VAM.

Growing Demand of Vinyl Acetate Monomer from Packaging Industry

Vinyl acetate monomer (VAM) plays a crucial role in the production of polyvinyl alcohol and ethylene-vinyl alcohol (EVOH), two polymers that find extensive use in the packaging industry. These polymers have gained popularity due to their exceptional barrier properties, effectively shielding packaged goods from gases, oils, and greases. Particularly in the realm of food packaging, they excel in preserving the freshness of products and extending their shelf life.

Moreover, VAM-based adhesives are widely employed in the packaging industry for laminating various layers of packaging materials together, ensuring durability and strength.

The escalating demand for packaged goods, fueled by evolving consumer lifestyles and the rapid growth of e-commerce, has significantly amplified the need for high-quality packaging materials. As a result, the demand for VAM has experienced a notable surge.

Looking ahead, the outlook for the VAM market appears promising, with the packaging industry anticipated to be a key driver of its growth. As consumerism continues to rise and the demand for packaged goods shows no signs of waning, the requirement for VAM in packaging applications is set to witness substantial growth. This presents exciting opportunities for the VAM industry to meet the evolving needs of the packaging sector and contribute to its continued expansion.

Key Market Challenges

Volatility in Prices of Feedstock

VAM production relies heavily on feedstock like acetic acid, which is a crucial component in the manufacturing process. Any fluctuation in the prices of these raw materials, whether due to market conditions or external factors, directly impacts the cost of VAM production. This dependency on feedstock prices can create significant challenges for VAM manufacturers, as price volatility brings about uncertainty in their operations. It not only affects their profitability but also makes it difficult for them to plan and execute long-term strategies effectively.

Moreover, the impact of price volatility extends beyond VAM manufacturers to the end-users as well. Any increase in production costs is often passed onto the end-users in the form of higher product prices. This not only affects the affordability of VAM-based products but also influences the demand and market dynamics. Therefore, it becomes crucial for both manufacturers and end-users to carefully monitor and manage the price fluctuations of feedstock materials to ensure stability and sustainability in the VAM industry.

Key Market Trends

Rising Demand for Water-Based Adhesives

Water-based adhesives have gained widespread popularity in recent years due to their exceptional attributes and environmentally friendly properties. These adhesives are composite materials that offer several advantages over their solvent-based counterparts. One notable advantage is their lower content of volatile organic compounds (VOCs), making them a safer and healthier choice. This shift towards more sustainable adhesive solutions has been a significant driving force behind the increasing demand for water-based adhesives.

In the packaging sector, the demand for water-based adhesives has experienced a notable surge. This can be attributed to their outstanding performance in terms of adhesion and durability, making them an ideal choice for various packaging applications. Whether it's for cartons, labels, or flexible packaging, water-based adhesives offer reliable and long-lasting bonding.

Looking ahead, the trend of water-based adhesives is expected to continue positively influencing the VAM (vinyl acetate monomer) market. As industries across various sectors increasingly prioritize environmentally friendly solutions, the demand for water-based adhesives is anticipated to rise significantly, subsequently propelling the growth of the VAM market.

With their improved attributes, eco-friendliness, and growing demand, water-based adhesives are poised to play a pivotal role in shaping the future of the adhesive industry.

Segmental Insights

Type Insights

Based on the category of type, the ethylene process segment emerged as the dominant player in the global market for vinyl acetate monomer in 2023. Ethylene, a widely available and relatively inexpensive raw material in comparison to acetylene, offers a cost-competitive advantage in the production process. With its higher yields and improved conversion rates of raw materials to VAM (Vinyl Acetate Monomer), the ethylene process not only enhances production efficiency but also contributes to overall economic viability. By leveraging the benefits of ethylene, manufacturers can optimize their operations and meet the growing demand for VAM in a more sustainable and cost-effective manner.

Application Insights

The polyvinyl acetate segment is projected to experience rapid growth during the forecast period. Approximately 80% of the vinyl acetate monomer (VAM) produced is utilized in the production of polyvinyl alcohol (PVA) and polyvinyl alcohol (PVOH). Among the various applications of VAM, PVA and PVOH dominate the market. PVA, being the largest derivative of VAM, finds extensive use in adhesive applications due to its excellent adhesion properties to diverse substrates like wood, paper, metals, and plastic films. Additionally, PVA is also widely employed in paints coatings. As for PVOH, it is the second-largest consumer of VAM and is primarily derived from PVA. PVOH finds applications in coatings, adhesives, and water-soluble packaging, providing versatility and convenience.

Regional Insights

Asia Pacific emerged as the dominant player in the Global Vinyl Acetate Monomer Market in 2023, holding the largest market share in terms of value. Emerging markets, including China and India, are anticipated to experience higher growth rates in the coming years. This growth can be attributed to the rising demand for adhesives and paints coatings from the infrastructure industry. Moreover, the increasing consumption of adhesives in food packaging, along with the growing demand from the automotive industry, is expected to further bolster the market growth over the forecast period. These factors collectively indicate a promising outlook for the adhesives and paints coatings market in these regions.

Key Market Players

Celanese Corporation

LyondellBasell Industries NV

The Dow Chemical Company

DuPont de Nemours Inc

Kuraray Co Ltd

Ineos Group Ltd

Chang Chun Petrochemical Co Ltd

Dairen Chemical Corp

Sinopec International Petroleum Exploration Production Corp

Wacker Chemie AG

Report Scope:

In this report, the Global Vinyl Acetate Monomer Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Vinyl Acetate Monomer Market,By Type:

Acetylene Process
Ethylene Process

Global Vinyl Acetate Monomer Market,By Application:

Polyvinyl Acetate
Polyvinyl Alcohol
Ethylene Vinyl Acetate
Ethylene Vinyl Alcohol
Others

Global Vinyl Acetate Monomer Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Vinyl Acetate Monomer Market.

Available Customizations:

Global Vinyl Acetate Monomer Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1.Product Overview

1.1.Market Definition
1.2.Scope of the Market
- 1.2.1.Markets Covered
- 1.2.2.Years Considered for Study
- 1.2.3.Key Market Segmentations

2.Research Methodology

2.1.Objective of the Study
2.2.Baseline Methodology
2.3.Key Industry Partners
2.4.Major Association and Secondary Sources
2.5.Forecasting Methodology
2.6.Data Triangulation Validation
2.7.Assumptions and Limitations

3.Executive Summary

3.1.Overview of the Market
3.2.Overview of Key Market Segmentations
3.3.Overview of Key Market Players
3.4.Overview of Key Regions/Countries
3.5.Overview of Market Drivers, Challenges, Trends

4.Impact of COVID-19 on Global Vinyl Acetate Monomer Market

5.Global Vinyl Acetate Monomer Market Outlook

5.1.Market Size Forecast
- 5.1.1.By Value
5.2.Market Share Forecast
- 5.2.1.By Type (Acetylene Process, Ethylene Process)
- 5.2.2.By Application (Polyvinyl Acetate, Polyvinyl Alcohol, Ethylene Vinyl Acetate, Ethylene Vinyl Alcohol, Others)
- 5.2.3.By Region
- 5.2.4.By Company (2023)
5.3.Market Map

6.Asia Pacific Vinyl Acetate Monomer Market Outlook

6.1.Market Size Forecast
- 6.1.1.By Value
6.2.Market Share Forecast
- 6.2.1.By Type
- 6.2.2.By Application
- 6.2.3.By Country
6.3.Asia Pacific: Country Analysis
- 6.3.1.China Vinyl Acetate Monomer Market Outlook
  - 6.3.1.1.Market Size Forecast
    - 6.3.1.1.1.By Value
  - 6.3.1.2.Market Share Forecast
    - 6.3.1.2.1.By Type
    - 6.3.1.2.2.By Application
- 6.3.2.India Vinyl Acetate Monomer Market Outlook
  - 6.3.2.1.Market Size Forecast
    - 6.3.2.1.1.By Value
  - 6.3.2.2.Market Share Forecast
    - 6.3.2.2.1.By Type
    - 6.3.2.2.2.By Application
- 6.3.3.Australia Vinyl Acetate Monomer Market Outlook
  - 6.3.3.1.Market Size Forecast
    - 6.3.3.1.1.By Value
  - 6.3.3.2.Market Share Forecast
    - 6.3.3.2.1.By Type
    - 6.3.3.2.2.By Application
- 6.3.4.Japan Vinyl Acetate Monomer Market Outlook
  - 6.3.4.1.Market Size Forecast
    - 6.3.4.1.1.By Value
  - 6.3.4.2.Market Share Forecast
    - 6.3.4.2.1.By Type
    - 6.3.4.2.2.By Application
- 6.3.5.South Korea Vinyl Acetate Monomer Market Outlook
  - 6.3.5.1.Market Size Forecast
    - 6.3.5.1.1.By Value
  - 6.3.5.2.Market Share Forecast
    - 6.3.5.2.1.By Type
    - 6.3.5.2.2.By Application

7.Europe Vinyl Acetate Monomer Market Outlook

7.1.Market Size Forecast
- 7.1.1.By Value
7.2.Market Share Forecast
- 7.2.1.By Type
- 7.2.2.By Application
- 7.2.3.By Country
7.3.Europe: Country Analysis
- 7.3.1.France Vinyl Acetate Monomer Market Outlook
  - 7.3.1.1.Market Size Forecast
    - 7.3.1.1.1.By Value
  - 7.3.1.2.Market Share Forecast
    - 7.3.1.2.1.By Type
    - 7.3.1.2.2.By Application
- 7.3.2.Germany Vinyl Acetate Monomer Market Outlook
  - 7.3.2.1.Market Size Forecast
    - 7.3.2.1.1.By Value
  - 7.3.2.2.Market Share Forecast
    - 7.3.2.2.1.By Type
    - 7.3.2.2.2.By Application
- 7.3.3.Spain Vinyl Acetate Monomer Market Outlook
  - 7.3.3.1.Market Size Forecast
    - 7.3.3.1.1.By Value
  - 7.3.3.2.Market Share Forecast
    - 7.3.3.2.1.By Type
    - 7.3.3.2.2.By Application
- 7.3.4.Italy Vinyl Acetate Monomer Market Outlook
  - 7.3.4.1.Market Size Forecast
    - 7.3.4.1.1.By Value
  - 7.3.4.2.Market Share Forecast
    - 7.3.4.2.1.By Type
    - 7.3.4.2.2.By Application
- 7.3.5.United Kingdom Vinyl Acetate Monomer Market Outlook
  - 7.3.5.1.Market Size Forecast
    - 7.3.5.1.1.By Value
  - 7.3.5.2.Market Share Forecast
    - 7.3.5.2.1.By Type
    - 7.3.5.2.2.By Application

8.North America Vinyl Acetate Monomer Market Outlook

8.1.Market Size Forecast
- 8.1.1.By Value
8.2.Market Share Forecast
- 8.2.1.By Type
- 8.2.2.By Application
- 8.2.3.By Country
8.3.North America: Country Analysis
- 8.3.1.United States Vinyl Acetate Monomer Market Outlook
  - 8.3.1.1.Market Size Forecast
    - 8.3.1.1.1.By Value
  - 8.3.1.2.Market Share Forecast
    - 8.3.1.2.1.By Type
    - 8.3.1.2.2.By Application
- 8.3.2.Mexico Vinyl Acetate Monomer Market Outlook
  - 8.3.2.1.Market Size Forecast
    - 8.3.2.1.1.By Value
  - 8.3.2.2.Market Share Forecast
    - 8.3.2.2.1.By Type
    - 8.3.2.2.2.By Application
- 8.3.3.Canada Vinyl Acetate Monomer Market Outlook
  - 8.3.3.1.Market Size Forecast
    - 8.3.3.1.1.By Value
  - 8.3.3.2.Market Share Forecast
    - 8.3.3.2.1.By Type
    - 8.3.3.2.2.By Application

9.South America Vinyl Acetate Monomer Market Outlook

9.1.Market Size Forecast
- 9.1.1.By Value
9.2.Market Share Forecast
- 9.2.1.By Type
- 9.2.2.By Application
- 9.2.3.By Country
9.3.South America: Country Analysis
- 9.3.1.Brazil Vinyl Acetate Monomer Market Outlook
  - 9.3.1.1.Market Size Forecast
    - 9.3.1.1.1.By Value
  - 9.3.1.2.Market Share Forecast
    - 9.3.1.2.1.By Type
    - 9.3.1.2.2.By Application
- 9.3.2.Argentina Vinyl Acetate Monomer Market Outlook
  - 9.3.2.1.Market Size Forecast
    - 9.3.2.1.1.By Value
  - 9.3.2.2.Market Share Forecast
    - 9.3.2.2.1.By Type
    - 9.3.2.2.2.By Application
- 9.3.3.Colombia Vinyl Acetate Monomer Market Outlook
  - 9.3.3.1.Market Size Forecast
    - 9.3.3.1.1.By Value
  - 9.3.3.2.Market Share Forecast
    - 9.3.3.2.1.By Type
    - 9.3.3.2.2.By Application

10.Middle East and Africa Vinyl Acetate Monomer Market Outlook

10.1.Market Size Forecast
- 10.1.1.By Value
10.2.Market Share Forecast
- 10.2.1.By Type
- 10.2.2.By Application
- 10.2.3.By Country
10.3.MEA: Country Analysis
- 10.3.1.South Africa Vinyl Acetate Monomer Market Outlook
  - 10.3.1.1.Market Size Forecast
    - 10.3.1.1.1.By Value
  - 10.3.1.2.Market Share Forecast
    - 10.3.1.2.1.By Type
    - 10.3.1.2.2.By Application
- 10.3.2.Saudi Arabia Vinyl Acetate Monomer Market Outlook
  - 10.3.2.1.Market Size Forecast
    - 10.3.2.1.1.By Value
  - 10.3.2.2.Market Share Forecast
    - 10.3.2.2.1.By Type
    - 10.3.2.2.2.By Application
- 10.3.3.UAE Vinyl Acetate Monomer Market Outlook
  - 10.3.3.1.Market Size Forecast
    - 10.3.3.1.1.By Value
  - 10.3.3.2.Market Share Forecast
    - 10.3.3.2.1.By Type
    - 10.3.3.2.2.By Application

11.Market Dynamics

11.1.Drivers
11.2.Challenges

12.Market Trends Developments

12.1.Recent Developments
12.2.Product Launches
12.3.Mergers Acquisitions

13.Global Vinyl Acetate Monomer Market: SWOT Analysis

14.Porter's Five Forces Analysis

14.1.Competition in the Industry
14.2.Potential of New Entrants
14.3.Power of Suppliers
14.4.Power of Customers
14.5.Threat of Substitute Product

15.PESTLE Analysis

16.Competitive Landscape

16.1.Celanese Corporation
- 16.1.1.Business Overview
- 16.1.2.Company Snapshot
- 16.1.3.Products Services
- 16.1.4.Financials (As Reported)
- 16.1.5.Recent Developments
16.2.LyondellBasell Industries NV
16.3.The Dow Chemical Company
16.4.DuPont de Nemours Inc
16.5.Kuraray Co Ltd
16.6.Ineos Group Ltd
16.7.Chang Chun Petrochemical Co Ltd
16.8.Dairen Chemical Corp
16.9.Sinopec International Petroleum Exploration Production Corp
16.10.Wacker Chemie AG