Vinyl Acetate Market - Growth, Trends, and Forecast (2019 – 2024)

The market is segmented by Application (Polyvinyl Acetate, Polyvinyl Alcohol, Ethylene Vinyl Acetate, and Other Applications), by End-user Industry (Solar, Automotive, Building and Construction, Packaging, Textile, and Other End-user Industries), and Geography.

Market Snapshot

CAGR (new format
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for vinyl acetate is anticipated to register a CAGR of more than 4% during the forecast period, 2019-2024. The increasing use of vinyl acetate products in the solar power-generation industry is likely to stimulate the market growth.

  • The growing demand from the automotive industry and increased use of adhesives in food packaging are augmenting the growth of the market.
  • Stringent health and environmental regulations and fluctuating prices of raw materials are likely to hinder the market’s growth.
  • The use of EVA for 3D printed medical drug delivery devices is projected to act as an opportunity for the market in the future.

Scope of the Report

The vinyl acetate market report includes:

Application
Polyvinyl Acetate
Polyvinyl Alcohol
Ethylene Vinyl Acetate (EVA)
Other Applications
End-user Industry
Solar
Automotive
Building and Construction
Packaging
Textile
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
Russia
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from the Polyvinyl Acetate Application

  • Polyvinyl acetate is a colorless, nontoxic thermoplastic resin, which is prepared by the polymerization of vinyl acetate. It is one of the most widely used water-dispersed resins. Its properties, such as good biodegradation and weather resistance, high initial tack, and low cost, makes it widely popular for use.
  • Polyvinyl acetate is majorly used in the adhesive market, as the base for water-borne adhesives, owing to its good adhesion properties and low cost.
  • Polyvinyl acetate resins are also used to produce clear and hard films that possess good corrosion, oil, grease, and chemical resistance. Additionally, they are commonly used as latex house paints, water-borne adhesives, sealants, hot-melt adhesives, fabric finishing, and inks, among others.
  • The market for polyvinyl acetate adhesives is primarily driven by its growing demand in interior wood applications, since the formulation offers fast setting time and high initial bond strength. In addition, the growing application of polyvinyl acetate, as an ingredient for common glue and other commercial glues, is also driving the demand for polyvinyl acetate.
  • Countries including China, the United States, and Germany account for the largest markets in the furniture industry. China is the dominant exporter of wood furniture to the European Union.
  • Factors, such as the growing consumption of polyvinyl acetate adhesives in developing economies and lack of environment-friendly alternate substitutes, are increasing the demand for vinyl acetate.
segmentation (ne

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Asia-Pacific to Dominate the Market

  • Asia-Pacific is expected to witness robust growth in the vinyl acetate market, owing to the increasing expenditure on the construction and automotive industry in countries like China.
  • China stands as the largest producer in the automotive and paints and coatings industry. Additionally, it is the largest consumer and producer of adhesives and sealants worldwide.
  •  Vinyl acetate is widely used in the production of paints and coatings, adhesives, and packaging materials. With China being a major player in these markets, the demand for vinyl acetate is expected to grow during the forecast period.
  • The Chinese government has increased public spending on transportation infrastructure. China’s transport ministry and National Development and Reform Commission (NDRC) planned to invest USD 724 billion, between 2016 and 2018, for constructing 303 key transportation projects, which include railways, highways, waterways, airports, and urban rail. Such investments are expected to increase construction activities in the country, further creating demand for vinyl acetate-based products.
  • Moreover, automotive production in China is also expected to increase during the forecast period, due to the increasing demand for SUV’s, lightweight, and fuel-efficient vehicles.
  • Additionally, China is majorly focusing on increasing the production and sale of electric vehicles in the country. For this purpose, the country has planned to increase the production of electric vehicles (EVs) to two million a year, by 2020, and seven million a year by 2025. The target, if achieved, is likely to increase the share of electric vehicles to 20%, of total new car production for China, by 2025.
  • Therefore, as vinyl acetate finds varied applications in such end-user industries, in the form of coatings, adhesives, primers, etc., the demand for vinyl acetate is projected to increase in the country during the forecast period.
regional (new fo

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Competitive Landscape

The vinyl acetate market is a consolidated market among the top players, with the top five accounting for a major chunk of the market.  Key players in the vinyl acetate market include Celanese Corporation, China Petrochemical Corporation (Sinopec), DowDuPont, Exxon Mobil Corporation, Kuraray Co. Ltd, LyondellBasell Industries Holdings BV, and Wacker Chemie AG, among others.

Major Players

  1. DowDuPont
  2. Exxon Mobil Corporation
  3. LyondellBasell Industries Holdings BV
  4. Celanese Corporation

* Complete list of players covered available in the table of contents below

market concentra

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Automotive Industry

      2. 4.1.2 Increased Use of Adhesives in Food Packaging

      3. 4.1.3 Increasing Use in the Solar Power Generation Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Health and Environmental Regulations

      2. 4.2.2 Fluctuating Prices of Raw Materials

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Polyvinyl Acetate

      2. 5.1.2 Polyvinyl Alcohol

      3. 5.1.3 Ethylene Vinyl Acetate (EVA)

      4. 5.1.4 Other Applications

    2. 5.2 End-user Industry

      1. 5.2.1 Solar

      2. 5.2.2 Automotive

      3. 5.2.3 Building and Construction

      4. 5.2.4 Packaging

      5. 5.2.5 Textile

      6. 5.2.6 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 Russia

        5. 5.3.3.5 France

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Arkema

      2. 6.4.2 Celanese Corporation

      3. 6.4.3 China Petrochemical Corporation (Sinopec)

      4. 6.4.4 Clariant

      5. 6.4.5 Dairen Chemical Corporation

      6. 6.4.6 DowDuPont

      7. 6.4.7 Exxon Mobil Corporation

      8. 6.4.8 Ineos

      9. 6.4.9 Innospec

      10. 6.4.10 Joyce Lub And Chem LLP

      11. 6.4.11 Kuraray Co. Ltd

      12. 6.4.12 LyondellBasell Industries Holdings BV

      13. 6.4.13 Sipchem

      14. 6.4.14 The Nippon Synthetic Chemical Industry Co. Ltd

      15. 6.4.15 Wacker Chemie AG

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Use of EVA for 3D Printed Medical Drug Delivery Devices

**Subject to Availability

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