The United States segment of the market studied is expected to grow at a high pace, during the forecast period. United States to Dominate the North America Region

Thus, all such trends in the VAM market is expected to drive the demand for the bio-acetic acid market during the forecast period.

The Asia-Pacific region is estimated to register the highest growth rate in the VAM market during the forecast period, owing to the increasing demand for industrial fabrics.

The demand for VAM is consolidating and has shifted to China and other Asian countries, whereas the United States and Western Europe are considered as mature markets.

The trend of globalization continues, with the addition of production capacity in China.

Ethylene-vinyl acetate (EVA) and vinyl acetate-ethylene (VAE) copolymers are considered as the strongest growth areas of the VAM market.

The applications of vinyl acetate monomer are mostly mature.

Among all the applications, vinyl acetate monomer (VAM) holds the largest market share, owing to the extensive use of VAM in the paints and coatings, textile and adhesives, and sealants market.

Bio-based VAM is produced by oxidative addition of bio-based acetic acid (AcOH) to ethylene, in a continuous packed bed reactor containing Pd-Au catalyst, supported on silica and promoted by potassium acetate.

Vinyl Acetate Monomer (VAM) Segment to Dominate the Market Demand

The development of new separation technologies to increase production efficiency is likely to provide opportunities for the studied market during the forecast period.

Vinyl Acetate Monomer (VAM) segment dominated the market and is likely to grow during the forecast period, with the growing applications like polyvinyl acetate and polyvinyl alcohol.

On the flip side, the scarcity & social constraints for raw materials, and environmental concerns regarding the harmful effects are some of the factors hampering the growth of the studied market. The major factors driving the growth of the market studied are the rising crude oil prices, increasing demand for Vinyl Acetate Monomer (VAM) market, and stringent government regulations. The bio-acetic acid market is expected to grow at a CAGR of above 4% during the forecast period.

Outlook 2019