Market Revenue Vinyl Acetate Monomer Industry Growth Prospects

Vinyl Acetate Monomer Industry Growth Prospects, Challenge
Analysis, Virtualization By 2020
“Vinyl Acetate Monomer Market is anticipated to reach USD 9.86 billion by
2020. Global vinyl acetate monomer market demand is expected to witness
significant growth on account of its widening application base in solar power
sector.”
The Global Vinyl Acetate Monomer Market is anticipated to reach USD 9.86 billion by 2020. Global vinyl acetate
monomer market demand is expected to witness significant growth on account of its widening application base
in solar power sector. Key factors expected to drive global industry include high demand from packaging, solar
energy and footwear industries. Vinyl acetate (VA) is monomers derived from ethylene and acetic acid. Their
usage in the formation of copolymers results in products which have softness similar to rubber and high
flexibility. They are known to be good elastomers having both viscosity and elasticity. The product as wide
industrial applications and compete with rubber and vinyl products. Extensive VA use in the field of packaging
and energy sector drives the global demand over the forecast period.
Films made up of this organic compound find wide applications in meat, poultry and sea food products
packaging. These films offer stronger and thinner packaging which results in keeping food products fresh by
eradicating puncture and package failures and therefore helps in increasing customer satisfaction levels.
Polymeric sheets made up of vinyl acetate are used for encapsulation of solar cells. It is one of the major steps
in fabrication of photovoltaic modules which makes the market for vinyl acetate highly lucrative.
Developments in solar energy sector are expected to further drive vinyl acetate demand over the forecast
period. Solar power is a clean source of energy and is being highly implemented in developed countries including
US, UK and France.
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