Vinyl Acetate (Vinyl Acetate Monomer) is a flammable mobile liquid that is colorless, volatile, and characteristic of a sweet ethereal odor. According to BlueQuark Research & Consulting, the global vinyl acetate market is expected to witness a considerable growth rate during the forecast period with a CAGR of 4.5%. Factors such as the ethylene vinyl acetate (EVA) resins are used in the production of packaging film, foam, wires and cables, hot melt adhesives, and encapsulation of photovoltaic (PV) modules in solar cells are expected to drive the demand for Vinyl Acetate market in the forecasted period. Further, the growing demand for photovoltaic panels, which are used in solar energy generation, is expected to drive the need for the product over the forecasted period. Furthermore, with the growing construction activities, the production capacity of paints, coatings, and adhesives is also growing, wherein vinyl acetate is mainly utilized, thus, aiding the global market in the forecasted period. However, Stringent health and environmental regulations and fluctuating raw materials prices will likely hinder the Vinyl Acetate market's growth.

EVA is usually used in manufacturing foam, the demand for which is increasing in the furniture, automotive, electronics, and building & construction industries. It is extensively used in manufacturing various chemicals like polyvinyl alcohol, ethylene vinyl acetate, vinyl acetate-ethylene, ethylene vinyl alcohol, polyvinyl acetate, vinyl chloride- vinyl acetate copolymers, and others.

The ethylene-vinyl alcohol (EVOH) segment is anticipated to obtain the highest growth rate over the forecasted period in the application fragment due to its rising demand in the packaging industry, polymer production, and plastic bottling applications. Ethylene-vinyl acetate (EVA) encapsulates photovoltaic (PV) modules in most solar cells due to its advantages, such as excellent melt fluidity, good light transmittance and elasticity, low processing temperature, and adhesive property. The usage of solar cells has constantly been surging worldwide. With increasing government support, the new installed capacity of solar photovoltaic cells has been growing worldwide over the past decade. The solar power sector is one of the fastest-rising industries in the world. International Energy Agency reports that this industry has almost two-thirds of the net power capacity worldwide. Direct/institutional sales generate higher revenue for ethylene vinyl acetate market players due to manufacturers using the material in various industries, who usually procure it in bulk directly from EVA producers. Vinyl acetate monomer is the crucial raw material used to produce polyvinyl acetate. Polyvinyl acetate is a significant ingredient in white glue, carpenter's glue, wood glue, and school glue. Polyvinyl acetate is utilized in paints, adhesives, paper coatings, textile treatments, etc. This, in turn, is awaited to propel vinyl acetate monomers demands over the forecast period.

The Asia Pacific region will likely be the fastest-growing market due to the surging expenditure on the construction and automotive sector in countries like China (Which is the largest producer in the automotive and paints & coatings sector). China is also the largest consumer and manufacturer of adhesives and sealants for which VMA is needed, as vinyl acetate is widely used in the production of paints and coatings, bonds, and packaging materials. With China being a significant player in these markets, the demand for vinyl acetate is expected to grow during the forecast period. EVA is a versatile, sustainable, recyclable, and durable material, owing to which it is gaining traction across several industrial applications. Vinyl acetate monomer is the critical raw material used to produce polyvinyl acetate. Polyvinyl acetate is an essential ingredient in wood glue, white glue, carpenter's glue, and school glue. Vinyl acetate monomer is a crucial intermediate utilized in manufacturing various construction materials. Polyvinyl acetate, vinyl acetate-ethylene, etc., are used in multiple building and construction products. The global solar power industry is experiencing strong growth owing to massive government's significant investment by the governments of different developed and emerging nations to improve renewable energy. Solar power is one of the most useful and clean sources of energy. It is a sustainable alternative to fossil fuels primarily responsible for polluting the environment and contributing to global warming. Ethylene-vinyl acetate (EVA) is used in solar modules as an encapsulating agent to provide sound radiation transmission and low degradability to sunlight. Also, it is used to form sealing and insulating films around the solar cells. Further, automotive production in China is expected to increase during the forecast period due to increasing demand for SUVs, lightweight and fuel-efficient automobiles, and the popularity of electric cars. With the growing construction activities, the production capacity of paints, coatings, and adhesives is also growing, wherein vinyl acetate is mainly utilized, thus, aiding the industry growth. Therefore, as vinyl acetate finds varied applications in such end-user industries, in the form of coatings, primers, adhesives, etc., the demand for vinyl acetate is projected to increase in the country during the forecast period.

The Global Vinyl Acetate market is consolidated. The major global Vinyl Acetate market players are Dow Chemical Company, Celanese Corporation (Hoechst Celanese), China Petrochemical Corporation, Chang Chun Group, and LyondellBasell, among others.

On April 1, 2020, Celanese Corporation (a global chemical and specialty materials company) announced that it had completed the acquisition of the Nouryon polymer powders offered under the Elotex® brand. Celanese will integrate the Elotex® product portfolio and production facilities into its global vinyl acetate-ethylene (VAE) emulsions business to further meet global product demand. 

In 2020, Tosoh Corporation the company launched the full-scale operation of its new main research building situated in Shuan city, China.

In Feb 2020, Dow Inc. the company had announced the expansion of Canada based ethylene production facility by 130 kilotons.

Global Vinyl Acetate Market report provides deep insight into the Vinyl Acetate market's current and future state across various regions. The study comprehensively analyzes the Vinyl Acetate market by segmenting based on Application (Polyvinyl Acetate (PVA), Polyvinyl Alcohol (PVOH), Ethylene-Vinyl Acetate (EVA), Ethylene-Vinyl Alcohol (EVOH) and Others), End-user Industry (Solar, Automotive, Building and Construction, Packaging, Textile and Others and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market size, trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies' profiles, including their market shares and projects.