Vinyl Acetate Monomer Market to
surpass USD 10 billion by 2024; according to a new research report by Global
Market Insights, Inc.
Vinyl acetate is an
intermediary used for producing polymers and copolymers which are used in
paints, paper coatings, adhesives, etc. It occurs as a clear and colorless
liquid. This intermediary composite is majorly used for producing polyvinyl
acetate and polyvinyl alcohol. Polyvinyl acetate has improved bonding property
which find application in industrial and paper coatings whereas polyvinyl
alcohol is significantly used in textiles, photosensitive coatings, packaging,
etc.
Packaging application is
led by increasing consumption of processed food products. Due to shift in
eating habitats and rise in numbers of working population globally which is
subsequently surging the demand for fast food and packaged food products.
Accelerating the need for protective and eco-friendly packaging.
Moreover, several fast food restaurants and take away outlets are
witnessing substantial growth in recent years which is propelling the need for
different varieties of packaging material.
Building and infrastructure
industry is rising exponentially to established better facilities. Ongoing
trend of industrialization and urbanization is stimulating the demand for
better roads, railways, ports and water utilities in developing economies.
Moreover, growth in retail industry had dictated the requirement for better
logistic system, warehousing facilities and stores which is favoring the
building and infrastructure industry. Hence, building and infrastructure
industry is anticipated to grow over the years which in turn will generate
higher returns for vinyl acetate monomer market.
Stringent environmental
regulation implemented on vinyl acetate monomer like EPA and REACH may hamper
market growth over the years. Fluctuation in raw material price like ethylene
may hinder market demand. Further market is challenged by hazardous health
impact on inhalation of vinyl acetate monomer causing irritation in eye and
respiratory tract.
Make an Inquiry for
Purchasing this Report @
https://www.gminsights.com/inquiry-before-buying/2474
https://www.gminsights.com/inquiry-before-buying/2474
Polyvinyl alcohol is
synthetic hydrophillic polymer. Its propertise depends on the degree of
polymerization such as ratio of two monomers. It has significant application in
construction sector as a fiber reinforcement for cement based composite material
and aggregate surface pre-treatment agent. The polyvinyl alcohol application
demand is growing at a phenomenal pace owing to its application in building and
infrastructure industry.
Cosmetic application is
growing moderately over the years with growing usage of polyvinyl acetate as
binder and stabilizer in eye make-up products like mascara and eyliners.
Moreover application of vinyl acetate in textile sector is growing remarkably
with ongoing fashion trends and consumer inclination toward self grooming &
maintaining practices are instrumental in driving the segments over the
estimated timeframe.
Browse
complete Table of contents of Report @
https://www.gminsights.com/toc/detail/vinyl-acetate-monomer-vam-market
https://www.gminsights.com/toc/detail/vinyl-acetate-monomer-vam-market
Middle East & Africa is
second largest market for vinyl acetate monomer. High demand for vinyl acetate
in building and infrastructure industry is compelling serveral manufacturers to
increase their production capacity. For instance Sipchem had opened new plant
in Jubail, Saudi Arabia to produce ethylene vinyl acetate for meeting the
demand of suppliers. Ethylene vinyl acetate have inclusive applications in various
end user industries such as textile, construction etc. as it used in
manufacturing adhesives, coatings, paints etc.
The prominent market
players are Exxon Mobil Corporation, Dow Chemical, Ineospec Inc, Celanese
Corporation, Sipchem, Wacker Chemie, NINGXIA YINGLITE CHEMICAL, KURARAY CO.,
LTD., LyondellBasell, Arkema and Sinopec Group among others. Most of the
companies in this market are ensuing similar strategies like expanding their
production capacity and increasing their products prices to explore greater
opportunities and gain competitive advantage.
About
Global Market Insights:
Global
Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom
research reports along with growth consulting services. Our business
intelligence and industry research reports offer clients with penetrative
insights and actionable market data specially designed and presented to aid
strategic decision making. These exhaustive reports are designed via a
proprietary research methodology and are available for key industries such as
chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Social Media: Google+ | LinkedIn | Twitter | Facebook
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Social Media: Google+ | LinkedIn | Twitter | Facebook
No comments:
Post a Comment