Market World Vinyl Acetate Monomer Market | Page 2

meet ever growing demand for energy. Such initiatives to increase renewable energy use are expected to
positively impact overall industry demand in the future. Other applications include footwear industry where the
need to provide comfort and safety to the consumers drives the usage. These monomers provide toughness and
are crack resistance. They are majorly used as shock absorbers in footwear products. Vinyl acetate resins meet
the electrical appliances need on account of their high heat resistance and stress cracking, therefore making
them favorites for wire and cable insulation. Low cost substitute’s availability which includes rubber and plastic
are expected to provide stiff competition over the foreseeable future.
Manufacturers are expected to focus on continuous product development through research and innovation.
New polyvinyl acetates in near future are expected to hamper the growth over the forecast period.
Manufacturers are expected to observe huge opportunities in North America and Asia on account of ever
growing packaged food industry. Companies indulged in other poly vinyl acetates business have better scope of
entering into the market on account of well-established marketing channels and manufacturing setup. The
copolymers formed with the help of vinyl acetate should be handled with care during the manufacturing process
on account of its flammability and volatility. Vinyl acetate vapors are heavier than air and particles tend to travel
some distance before settling in low areas. Therefore, stringent practices are observed in its manufacturing to
prevent environmental hazards.
Industries are capital intensive for establishing closed and controlled processes. Workers handling VA need to
be trained on safety measures mentioned in material safety data sheet. All wastes should be disposed in
compliance with the federal, EU or local governing rules and regulations. Vinyl Acetate is not generally sold in
consumer market but are a part of consumer applications. They are traded in business markets. There lies an
opportunity for the manufacturers to establish proper sales channel to cater to untapped customers.
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Maintaining supplier buyer relation plays a major role in developing prolonged sales and efficient inventory
management. Proper care should be taken during transportation resulting in need of proper containers and
storage facilities. Vinyl acetate council is a non-profit body representing vinyl acetate monomer manufacturers
in North America. It provides guidelines for safe and environmental friendly manufacturing processes. It
monitors and participates in government proceedings for continued use with safety measures. Similarly,
European chemistry industrial council is a governing body looking after vinyl acetate manufacturing functions.
The VA monomer is segmented on the basis of application usage which includes food packaging, energy sector,
footwear and electrical cabling. Asia Pacific is the largest market in terms of demand on account of high usage
in food packaging. Emerging economies including India and China are focusing on clean energy which should
lead to an increase in demand in these regions. Regional demand is followed by North America and Europe on