Global Vinyl Acetate Market to be Worth USD 8,363 Million by 2021: Technavio

LONDON–(BUSINESS WIRE)–#Chemicals–According to the latest market study released by Technavio,
the global
vinyl acetate market
is projected to grow to USD 8,363.1
million by 2021, at a CAGR of more than 5% over the forecast period.


This research report titled ‘Global
Vinyl Acetate Market 2017-2021
’ provides an in-depth analysis of
the market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.

 
Vinyl acetate is a colorless organic liquid used as an
intermediate in the production of various resins, emulsions, and
various industrial and consumer products. The growing demand for
vinyl acetate from the automotive industry for both interior and
exterior applications is a key factor driving the growth of the
global market.
 

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Based on application, the report categorizes the global vinyl acetate
market into the following segments:

  • Polyvinyl acetate (PVA)
  • Polyvinyl alcohol (PVOH)
  • Ethylene vinyl acetate (EVA)
  • Others

The top three revenue-generating application segments in the global
vinyl acetate market are discussed below:

Polyvinyl acetate (PVA)

Polyvinyl acetate forms the largest application segment of the
global vinyl acetate market, responsible for generating over 45% of the
overall revenue. The water emulsions of polyvinyl acetate are commonly
used in paints and adhesives, construction, paper, cloth, and wood
applications
,”
says Ajay Adikari, a lead analyst at Technavio
for plastics,
polymers, and elastomers
research.

PVA is widely adopted in adhesive applications due to their low
cost and resistance against biodegradation. It is also used in sealants,
hot melt adhesives (PVA glue), plastic, wood, coatings, and inks.
The PVA market segment is projected to grow at a moderate pace over the
forecast period.

Polyvinyl alcohol (PVOH)

Polyvinyl alcohol is a water-soluble, colorless synthetic polymer
compound. PVOH compounds are used predominantly in the paper industry to
provide resistance against oil and grease. It is also used in the food
industry and pharmaceutical industry due to its coating and binding
properties. PVOH is needed in the production of polyvinyl butyral resin,
which is a polymer that possesses durable toughness, clarity, and
adhesion properties. The polyvinyl alcohol segment of the vinyl acetate
market is expected to grow at a moderate rate over the forecast period,
estimated to generate USD 3,275.5 million by 2021.

Ethylene vinyl acetate (EVA)

EVA finds applications in diverse industries such as
adhesives, sealants, biomedical, solar, sports, and packaging. It is a
transparent, low-temperature flexible compound exhibiting high friction
coefficient and good chemical resistance properties
,” says
Ajay.

EVA is mainly used in the biomedical industry for drug delivery, due to
its non-biodegradable property. It is also used in various sports
equipment such as bicycle seats, ski boots, and hockey pads; and in
manufacturing sandals, shoes, and slippers.

The top vendors highlighted by Technavio’s research analysts in this
report are:

  • Celanese Corporation
  • Dow Chemical
  • KURARAY
  • LyondellBasell
  • Sipchem

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Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
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and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.

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