According to the research report titled ‘Vinyl Acetate Monomer (VAM) Market Size By Application (Polyvinyl Alcohol, Polyvinyl Acetate, Ethylene Vinyl Acetate, Vinyl Acetate Ethylene, Ethylene Vinyl Alcohol), By End User Sector (Packaging, Construction, Textile, Cosmetic), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’, available with MarketStudyReport, global vinyl acetate monomer (VAM) market is expected to record a considerable growth over 2021-2026.
 

Global vinyl acetate monomer (VAM) market growth is primarily driven by rising demand for paints & coatings in construction industry, and surging product requirement across textile, cosmetics, packaging, and other end-use industries.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/980169/
 

For the unversed, vinyl acetate monomer is a colorless mobile liquid that is used as a raw ingredient in the synthesis of chemicals, which are then used to make a wide range of consumer and industrial products.
 

Based on application spectrum, vinyl acetate ethylene (VAE) segment is projected to record a CAGR of 3.7% over 2021-2026, owing to its wide usage across various end use industries such as construction, adhesives, carpets, architectural coatings, and paper industry.
 

Meanwhile, worldwide vinyl acetate monomer (VAM) industry from ethylene vinyl alcohol (EVOH) segment is expected to exhibit 3.3% CAGR over the assessment period. EVOH is a thermoplastic copolymer that is flexible, glossy, and crystal clear. It loses its gas barrier qualities when exposed to moisture. Thus, EVOH is commonly used in multilayer co-extruded film structures with materials such as PET, PP, and HDPE, all of which have good moisture barrier qualities.
 

Moving on to end user sector, construction segment is predicted to register a compound annual growth rate of 4.3% through 2026, creditable to modification of existing infrastructure and improving economic condition of emerging countries.
 

Geographically, Asia Pacific vinyl acetate monomer (VAM) market size is slated to grow substantially over the next five years, on account of growing industrial sector, escalating product demand from pharma, food & beverage, and personal care industries. Moreover, improving economic conditions in countries like Indonesia, Thailand, Vietnam, and Myanmar are likely to accelerate the regional industry expansion.
 

On the other hand, Middle East & Africa industry value is anticipated to rise in the coming years, due to developing infrastructure, expanding construction sector, improving political & economic stability, and growing distribution of wealth.
 

Elaborating on competitive terrain, Dairen Chemical Corporation (DCC), Saudi International Petrochemical Company (Sipchem), Kuraray Co. Ltd., Celanese Corporation, Wacker Chemie AG, and The Dow Chemical Company are among the key players in global vinyl acetate monomer (VAM) market sphere.