Global Vinyl Acetate Market Size, Share and Growth Mar-2017

Global Vinyl Acetate Market 2017-2021
The Vinyl Acetate market report contains a comprehensive market and vendor landscape in addition to
a SWOT analysis of the key vendors for 2017-2021. The following companies are the key players in the
global vinyl acetate market: Celanese Corporation, Dow Chemical, KURARAY, LyondellBasell, and
Sipchem. Other Prominent Vendors in the market are Arkema, China Petrochemical Corporation
(Sinopec), Dairen Chemical Corporation, and Wacker Chemie.
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Market Trend
One trend in vinyl acetate market is increased use of adhesives in food packaging. The growing demand
for EVOH films from the food manufacturing industry will spur the demand for vinyl acetate monomer.
The changes in lifestyles of the urban population worldwide have promoted the use of packaged food in
the past few years. This has increased the need for packaging, consequently expanding the market for
vinyl acetate products.
Vinyl acetate products are used in various food and beverage rigid packaging. The growth of the rigid
packaging segment will increase the consumption of these adhesives significantly. The rise in disposable
income and the growing demand for packaged beverages and foods are boosting the market demand.
Packaging for fish, meat, poultry, snacks, and pet food requires advanced flexible packaging.
Market Driver
One driver in vinyl acetate market is growing demand from automotive industry. Vinyl acetate finds
extensive use in the automotive industry for both interior and exterior applications. Interior applications
comprise the use of sealants for sealing doors and windows and adhesives for bonding and decorative
components. Exterior applications include the use of adhesives for side moldings, vinyl roofs, and
others. Vinyl acetate products are also used in manufacturing car seats and lamination of various
apparel and textile products.
The rapid growth of the automotive industry, due to various socio-economic factors, is driving the
demand for adhesives and sealants. The rising production volumes and an increase in the number of
variants of vehicles in the industrial product line have further propelled this demand. In addition, these
products are extensively used for repairing mechanical components, automobile ancillaries, windshields,
and in resealing the vehicle's body. The global sales of passenger cars and commercial vehicles are
increasing. Along with China, the US is counted among the largest automobile markets worldwide, in
terms of both production and sales.
Market Challenge
One challenge in vinyl acetate market is fluctuating prices of raw materials. The volatility in the costs of
petroleum-based raw material compounds and the growing demand for vinyl acetate products in the
emerging economies act as challenges to the market growth.