Industrial Vinyl Acetate Market Report 2025 (Global Edition)

Global Industrial Vinyl Acetate Market Report 2025 Market Size Split by Process (Ethylene Process, Acetylene Process), by Application (Polyvinyl Acetate, Polyvinyl Alcohol, Ethylene Vinyl Acetate), by...

Industrial Vinyl Acetate Market Report Description

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Industrial Vinyl Acetate Market Insights Video

Competitive Landscape of the Industrial Vinyl Acetate Market

The competitive landscape of the Industrial Vinyl Acetate market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established manufacturers, specialized Industrial Vinyl Acetate companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

November 2021: Celanese Corporation partnered with Mitsubishi Chemical Advanced Materials to collaborate on converting waste streams into marketable end-product formulations. This initiative aims to offer customers more sustainable options, contributing to the reduction of carbon emissions. (Source: https://www.celanese.com/news-and-media/2021/november/mcam-and-celanese-recycled-pom )

Top Companies Market Share in Industrial Vinyl Acetate Industry: (In no particular order of Rank)

• Celanese Corporation
• ExxonMobil Corporation
• China Petrochemical Corporation
• Dairen Chemical Corporation
• Clariant Ltd.
• Kuraray Co.
• Ltd.
• LyondellBasell Industries Holdings B.V.
• ECI Group S.R.L.
• Shandong Yulong Petrochemical Co. Ltd.
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Industrial Vinyl Acetate Market

Which Region Dominates the Industrial Vinyl Acetate Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. North America benefits from a strong industrial infrastructure, featuring robust manufacturing capabilities and technological advancements. Funding amounting to CAD 750 million (USD 598.03 million) for the National Housing Co-Investment Fund is allocated to expedite the construction of 3,400 new units and the renovation of 13,700 existing ones between 2021-22 and 2022-23. In 2022, the manufacturing sector contributed $2.3 trillion to the U.S. GDP, representing 11.4% of the total GDP measured in chained 2012 dollars. When considering both direct and indirect contributions (such as purchases from other industries), manufacturing accounted for approximately 24% of GDP. These factors collectively support efficient production processes for Industrial Vinyl Acetate, ensuring high product quality and reliability.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Industrial Vinyl Acetate market due to several compelling reasons. ? Asia Pacific is witnessing significant growth in construction and infrastructure projects, with India aiming to bolster its infrastructure to achieve its targeted economic growth of US$ 5 trillion by 2025. In the Interim Budget 2024-25, the capital investment outlay for infrastructure has been raised by 11.1% to Rs. 11.11 lakh crore (US$ 133.86 billion), equivalent to 3.4% of GDP. In the Interim Budget 2023-24, the capital outlay for Railways has been set at Rs. 2.55 lakh crore (US$ 30.72 billion), reflecting a 5.8% increase from the previous year. Industrial Vinyl Acetate plays a crucial role in these sectors, utilized for applications such as adhesives, coatings, and insulation materials. This demand is driven by factors like urbanization, population growth, and government investments in infrastructure development.

 

The current report Scope analyzes Industrial Vinyl Acetate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Industrial Vinyl Acetate

According to Cognitive Market Research, the global Industrial Vinyl Acetate market size was estimated at USD 11254.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 4501.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Industrial Vinyl Acetate market with a market size of USD 3551.9 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The demand is amplified by the nation's Significant growth in the construction sector, where vinyl acetate is widely utilized in adhesives, coatings, and insulation materials.
• The Canada Industrial Vinyl Acetate market had a market share of USD 540.2 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's Increasing use of packaging materials to meet the rising demand for sustainable and efficient packaging solutions in Canada's retail and logistics sectors to increased usage of Industrial Vinyl Acetate.
• The Mexico Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 409.6 million in 2024.

Europe Industrial Vinyl Acetate

According to Cognitive Market Research, the global Industrial Vinyl Acetate market size was estimated at USD 11254.6 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 3376.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Industrial Vinyl Acetate market had a market share of USD 567.2 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Industrial Vinyl Acetate sales witness an upswing due to the nation's Growing demand for paints & coatings.
• The France Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 310.6 million in 2024.
• According to Cognitive Market Research, the German industrial Vinyl Acetate market size was valued at USD 668.5 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Industrial Vinyl Acetate sales surged due to emphasis on sustainable and eco-friendly packaging.
• The Italy Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 290.3 million in 2024.
• The Russian industrial Vinyl Acetate market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 523.3 million in 2024.
• The Spain Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 276.8 million in 2024
• The Luxembourg Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 104.6 million in 2024.
• The Portugal Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 70.9 million in 2024.
• The Greece Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 40.5 million in 2024.
• The Rest of Europe's Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 523.3 million in 2024.

Asia Pacific Industrial Vinyl Acetate

According to Cognitive Market Research, the global Industrial Vinyl Acetate market size was estimated at USD 11254.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2588.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Industrial Vinyl Acetate market size was valued at USD 1164.8 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. In China, Industrial Vinyl Acetate demand is driven by the rapid expansion of the manufacturing sector, and increased investments in infrastructure projects.
• The Japan Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 357.2 million in 2024.
• The India Industrial Vinyl Acetate market had a market share of USD 310.6 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. India's burgeoning construction and real estate sectors, driving the market.
• The South Korea Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 258.8 million in 2024.
• The Australian industrial Vinyl Acetate market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 134.6 million in 2024.
• The South East Asia Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 178.6 million in 2024.
• The Rest of Asia Pacific Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 183.7 million in 2024.

South America Industrial Vinyl Acetate

According to Cognitive Market Research, the global Industrial Vinyl Acetate market size was estimated at USD 11254.6 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 562.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Industrial Vinyl Acetate market size was valued at USD 240.8 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Industrial Vinyl Acetate sales flourish in Brazil due to the robust growth of the automotive industry, infrastructure development, and increasing investments in the construction sector.
• Argentina's Industrial Vinyl Acetate market had a market share of USD 94.5 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Argentina's expanding construction sector and increased use of adhesives and coatings in infrastructure projects are expected to drive the Industrial Vinyl Acetate market.
• Colombia Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 50.0 million in 2024.
• Peru Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 46.1 million in 2024.
• Chile Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 40.5 million in 2024.
• The Rest of Latin America's Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 90.6 million in 2024.

Middle East and Africa Industrial Vinyl Acetate

P>According to Cognitive Market Research, the global Industrial Vinyl Acetate market size was estimated at USD 11254.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 225.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The GCC Countries Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 96.3 million in 2024. Industrial Vinyl Acetate sales flourished due to the packaging industry coupled with the shale gas boom in the nation.
• The Egypt Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 23.6 million in 2024.
• The South Africa Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 35.5 million in 2024. Industrial Vinyl Acetate sales flourish in South Africa due to the Rising construction expenditures and automobile manufacturing.
• The Turkey Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 19.3 million in 2024.
• The Nigeria Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 23.6 million in 2024.
• The Rest of MEA Industrial Vinyl Acetate market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 26.5 million in 2024.

Industrial Vinyl Acetate Market Analysis

Industrial Vinyl Acetate Market Process Segment Analysis

According to Cognitive Market Research, the Ethylene Process stands out as the dominating Process. The Ethylene Process is highly efficient and scalable, making it well-suited for large-scale production of Vinyl Acetate Monomer (VAM), which is the primary precursor for Industrial Vinyl Acetate. This process allows manufacturers to achieve high yields of VAM with consistent quality, meeting the stringent requirements of various industrial applications..

Acetylene Process emerges as the fastest-growing Process in the Industrial Vinyl Acetate market. The Acetylene Process allows for the production of highly pure Vinyl Acetate Monomer (VAM). This purity is crucial for applications where stringent quality standards are required, such as in pharmaceuticals, food packaging, and specialty coatings. The ability to consistently produce high-quality VAM gives the Acetylene Process an edge in these specialized markets.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Industrial Vinyl Acetate Industry. Request a Free Sample PDF!

Industrial Vinyl Acetate Market Application Segment Analysis

According to Cognitive Market Research, the dominating Application is the Polyvinyl Acetate. Polyvinyl acetate (PVA) is a synthetic resin derived from vinyl acetate polymerization. It serves primarily as a film-forming agent in water-based paints and is also utilized in adhesives. PVA exhibits compatibility with various paint additives and can function as a polymeric component in latex paints. Additionally, PVA finds application in laminating protective coatings. Its preference over other adhesives stems from qualities such as good light stability, affordability, and resistance to yellowing. Beyond adhesives and paints, PVA serves as a plasticizer and thickener in diverse applications including polymers, textile treatments, cement formulations, and even chewing gum.

The fastest-growing Application in the Industrial Vinyl Acetate market is Polyvinyl Alcohol. polyvinyl Alcohol is highly versatile and finds extensive applications across various industries. It is primarily used in adhesives, films, coatings, textiles, paper, and packaging materials. PVA's ability to form strong and flexible films, its excellent barrier properties, and its compatibility with other materials make it indispensable in these applications.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Industrial Vinyl Acetate End Use Segment Analysis

End-Use Segment Analysis

According to Cognitive Market Research, the dominating End Use is Solar. Vinyl acetate-based materials, particularly ethylene-vinyl acetate (EVA), are crucial in the manufacturing of photovoltaic (PV) modules. EVA is used as an encapsulant in PV modules to laminate and protect solar cells from environmental factors such as moisture and mechanical stress. This application enhances the durability and performance of solar panels, making EVA a critical component in the solar energy industry.

The fastest-growing End Use in the Industrial Vinyl Acetate market is Building & Construction. Vinyl acetate-based adhesives are extensively used in the building and construction industry for various applications. These adhesives offer strong bonding capabilities and are used in bonding wood, plastics, metals, and other materials. They are particularly valued for their ability to provide durable and reliable bonds under different environmental conditions.

• Solar
• Automotive
• Building & Construction
• Packaging
• Textiles

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion