Posted on Mar 8 2023 5:36 AM

"Companies covered in the Vinyl Acetate Market are Calanese Corporation, Arkema, DOW, BASF, Clariant, Dupont, Kuraray, Wacker, Infineum International, Exxon Mobil Corporation, Nippon Synthetic Chemical, Innospec Inc., Lyondellbasell, Sinopec Corporation, Crown Chemical, Adarsh Chemicals, Millennium Inorganic Chemicals, Saudi International Petrochemical Company, Viraj Industries, Joyce Lub and Chem, Al Alameen Ltd., and S.S.M. Company "

The global vinyl acetate (Cas 108-05-4) market size is projected to witness staggering growth in the forthcoming years. The product finds its application in injection molded parts, paints & coatings, solar panels, adhesives, and safety glass sheets. It experiences spiraling demand from these industries due to its chemical resistance properties, clarity, robustness, adhesion, etc. Fortune Business Insights™ has presented this information in an upcoming report titled, “Vinyl Acetate (Cas 108-05-4) Market, 2023-2030”.

As per the report, the market is gaining steep momentum and is projected to grow rapidly in the forthcoming years. Several factors are propelling the market growth. For instance, vinyl acetate (Cas 108-05-4) is utilized in the manufacturing of paints & coatings. The increasing construction and renovation activities due to rapid urbanization have boosted the demand for paints & coatings. This increase in demand for paints & coatings is expected to promote market growth.

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COVID-19 Impact-

The global pandemic has wreaked unprecedented havoc on the growth of several industries and markets. Due to the lockdowns and curfews implemented by governments of several nations, the disruptions in supply chain networks and operations have stagnated the market growth. The revenues have diminished due to reduced manufacturing activities. However, countries have begun their vaccination programs, and the economies are gradually returning to pre-pandemic levels. The market is expected to gain steep momentum post-pandemic.

Segmentation-

On the basis of type, the market segments into polyvinyl formal, ethylene vinyl , polyvinyl, polyvinyl butyral, polyvinyl acetate, vinyl chloride vinyl acetate copolymer, etc. On the basis of its application, the market divides into injection molded parts, textile, films, adhesives, solar panels, paints and coatings, safety glass sheets, etc. Geographically, the market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage-

• The report provides an exhaustive analysis of the market.
• The report presents a comprehensive quantitative and qualitative analysis of the market.
• The report includes primary and secondary sources of information for market prediction.
• The report highlights the competitive landscape of the market and suggests future strategies for growth.
• The report incorporates Porters’ Five Forces Analysis for a precise prediction.

Drivers & Restraints-

Rising Demand for Solar Panels to be Major Growth Driver

The growing global population is driving construction projects across residential and commercial sectors. This is expected to augment the global vinyl acetate (Cas 108-05-4) market growth in the forthcoming years. The increasing awareness regarding the benefits of solar energy is driving the demand for solar panels. The increasing product demand for application in solar panels is expected to the major growth propellant.

Due to the increasing construction and renovation activities, the demand for paints & coatings is also escalating. This is likely to fuel the promote market growth in the upcoming years.

The product also finds its application in the textile industry. Polyvinyl acetate reduces the risk of breakage encountered in the weaving process. Polyvinyl acetate is one of the important derivatives of vinyl acetate. The growing textile industry is expected to complement market growth.

However, the product poses high flammability in the air. Thus, the hazardous risks related to the product’s utilization may hinder the market growth.

Regional Insights-

Increasing Urbanization to Boost Growth in Asia Pacific

Asia Pacific is likely to gain a substantial portion of the global vinyl acetate (Cas 108-05-4) market share. The increasing adoption of renewable energy sources like solar panels by the residential and commercial sector is expected to major growth propellant. Additionally, the increasing construction activities due to increasing urbanization in emerging countries like India and China is expected to boost the market growth.

Europe is likely to witness considerable growth in the upcoming years. This is attributable to the increasing product demand for application in paint and coatings and safety glass sheet.

With Canada and the US as the leading countries, North America is projected to witness significant growth in the upcoming years. The escalating product demand for application in adhesive and films is expected to drive market growth.

The increasing product adoption for application in injection molded parts is expected to help the Middle East & Africa observe striking growth in the upcoming years.

Competitive Landscape-

Key Players Adopt Inorganic Growth Strategies

The global and regional players operating in the market are devising strategies to increase their revenues and solidify their market presence. The key players focus on improving their cost structure and reviving the operations that got hindered during the pandemic. To wade their way through the pandemic, key players are adopting growth strategies such as mergers, acquisitions, expansions, partnerships, etc. For instance, Celanese Corporation announced the expansion of the Clear Lake acetic acid factory in March 2019.

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Key players in the Global Vinyl Acetate (Cas 108-05-4) Market are:

• Celanese Corporation
• Arkema
• DOW
• BASF
• Clariant
• Dupont
• Kuraray
• Wacker
• Infineum International
• Exxon Mobil Corporation
• Nippon Synthetic Chemical
• Innospec Inc.
• Lyondellbasell
• Sinopec Corporation
• Crown Chemical
• Adarsh Chemicals
• Millennium Inorganic Chemicals
• Saudi International Petrochemical Company
• Viraj Industries
• Joyce Lub and Chem
• Al Alameen Ltd.
• S.M. Company

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