GMI presents a most up-to-date research on “Vinyl Acetate Monomer (VAM) Market – Global Industry Analysis, Size, Share, Application (Polyvinyl Alcohol, Polyvinyl Acetate, Ethylene Vinyl Acetate, Vinyl Acetate Ethylene, Ethylene Vinyl Alcohol) , Growth Potential, Trends Statistics, Regional Outlook ( U.S., Canada, Germany, U.K, France, Spain, Italy, China, India, Japan, South Korea, Australia, Brazil, Mexico, Saudi Arabia, South Africa, UAE ) and Forecast 2017 – 2024”.
VAM Market size will likely surpass USD 10 billion by 2024. Vinyl acetate is an intermediary used for producing polymers and copolymers which are used in paints, paper coatings, adhesives, etc. It occurs as a clear and colorless liquid. This intermediary composite is majorly used for producing polyvinyl acetate and polyvinyl alcohol. Polyvinyl acetate has improved bonding property which find application in industrial and paper coatings whereas polyvinyl alcohol is significantly used in textiles, photosensitive coatings, packaging, etc.
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A strong vertical of polymers & advanced materials business space, VAM Market stands to gain much over the ensuing years on virtue of its extensive end-use spectrum. This clear colorless liquid rather acts as chemical building block in resins and polymers manufacturing.
With resins, polyvinyl acetate in particular, being abundantly utilized across a plethora of mainstream sectors for its bonding properties, the meteoric rise of vinyl acetate monomer market is sure to continue. In fact, estimates depict, overall business share from polyvinyl acetate applications is forecast to record USD 2.5 million by 2024. Armed with an intent to call their bets in the profitable landscape, a bulk of vinyl acetate monomer industry players therefore have been tending to hike the price of acetyl intermediates.
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Quoting a recent case, Celanese Corporation CE, the Fortune 500 nominated specialty materials manufacturer has recently made to the front page with its update on acetyl intermediates’ price increase. As per reliable reports, the U.S. based vinyl acetate monomer market giant increased the price of VAM and acetic acid by almost USD 150/MT in Turkey, MEA, South America and Mexico, effective from April 1st, this year.
While in U.S., and Canada the price is set to witness a hike by 5 cents per lb., in Europe, it has increased by €100/MT, cite sources. Celanese’s appropriate pricing actions also come as a response to the volatile raw material price trends of vinyl acetate monomer industry. Additionally, it also depicts the company’s scrupulous effort toward reducing the overall operational cost via strategic pricing initiatives and productivity actions.
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The prominent VAM Market players are Exxon Mobil Corporation, Dow Chemical, Ineospec Inc, Celanese Corporation, Sipchem, Wacker Chemie, NINGXIA YINGLITE CHEMICAL, KURARAY CO., LTD., LyondellBasell, Arkema and Sinopec Group among others. Most of the companies in this market are ensuing similar strategies like expanding their production capacity and increasing their products prices to explore greater opportunities and gain competitive advantage.
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