Global vinyl acetate monomer market to register CAGR of 4-4.5% till 2023 in terms of volume

06-Jul-17

The global vinyl acetate monomer is projected to grow at a CAGR between 4% and 4.5% from 2017 to 2023 in terms of volume, as per Marketbiz.com.
Vinyl acetate monomer (VAM) is an organic compound produced by a vapour-phase acetoxylation process in a gas phase due to the reaction between acetic acid, ethylene, and oxygen, while having alumina palladium or silica palladium catalyst alongside gold as well as an alkali metal. Vinyl acetate monomer (VAM) is a crucial intermediate utilized in the production process of numerous polymers as well as resins for adhesives, coatings, films, textiles and some other end user products. Poly vinyl acetate is the major derivative of vinyl acetate monomer, which finds application as adhesives for industrial coatings, metal, paper, paints, wood, and others. Vinyl acetate monomer finds application in the production of polyvinyl alcohol, ethylene vinyl acetate, vinyl acetate ethylene, ethylene vinyl alcohol and other products. Poly vinyl acetate and poly vinyl alcohol accounts for most of the demand for vinyl acetate monomer. Ethylene vinyl alcohol has high demand from industries such as packaging, polymer, and plastic bottling.