(2019 – 2024) “Vinyl Acetate Market” Report studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Vinyl Acetate Analysis. The Vinyl Acetate market is expected to register a CAGR of approximately 5% during the forecast period of (2019 – 2024).
Vinyl Acetate Market Report Covers Leading Manufacturers: Celanese Corporation, DowDuPont, Kuraray Corporation Ltd., Sipchem, Lyondellbasell Industries NV, Innospec Inc., Exxon Mobil Corporation, Arkema S.A. Clariant AG, INEOS, Dairen Chemical Corporation, Sinopec Corporation, Wacker Chemie AG, Joyce Lub and Chem LLP, The Nippon Synthetic Chemical Industry Ltd.
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The global vinyl acetate market is expected to witness a CAGR of over 5%, owing to the growing demand from the automotive industry. The increasing use of vinyl acetate products in the solar power-generation industry is also likely to stimulate the market growth.
Automotive Industry Driving the Market
The automotive industry is increasingly driving the demand for vinyl acetate products. The products are used in a wide range of applications, like sealing doors and windows, adhesives for bonding and attractive parts, and others. The increase in the production volume of automobiles across Asia-Pacific is likely to drive the demand for vinyl acetate during the forecast period. The increase in maintenance and repair work is likely to further boost the market growth.
Polyvinyl Acetate the Leading Application
In 2017, the polyvinyl acetate (PVA) application accounted for the highest share of the vinyl acetate market, closely followed by polyvinyl alcohol. The polyvinyl acetate application is expected to witness a growth in the coming years, due to the rise of its demand in the plastic bottling and packaging industry. The use of PVA as additives in the cement construction is likely to boost the market growth. The ethylene vinyl acetate (EVA) application is expected to grow rapidly, owing to the use of ethylene vinyl acetate in the 3D printed medical drug delivery devices.
ASEAN Countries Expected to Drive the Market
Asia-Pacific accounted for the highest market share (50%) for vinyl acetate consumption. Increasing expenditure on construction and rise in automotive production are likely to drive the market demand in the region, over the coming years. Production capacity is also expected to increase in China. In ASEAN countries, the consumption rate is expected to witness a significant growth, with a growth in demand from large bases, like Singapore and Thailand. Europe is a mature market for vinyl acetate, which is expected to witness a sluggish growth rate during the forecast period.
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Reasons to Purchase Vinyl Acetate Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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