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.
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Market Synopsis of Vinyl Acetate Monomer Market:
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. Emerging economies have
also realized its use and have started setting up solar panels to 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.
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.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Vinyl Acetate Monomer:
Market Variables, Trends & Scope
Chapter 4 Vinyl Acetate Monomer:
Product Estimates & Trend Analysis
Chapter 5 Vinyl Acetate Monomer:
Application Estimates & Trend Analysis
Chapter 6 Vinyl Acetate Monomer:
End-use Estimates & Trend Analysis
Chapter 7 Vinyl Acetate Monomer:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Vinyl Acetate Monomer:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Vinyl Acetate Monomer:
Manufacturers Company Profiles
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