Global vinyl acetate monomer market to reach $12 bn by 2026 – Report

Growth in downstream industries, rising construction activities, increasing plastic packaging, and expanding automotive and furniture production to drive global vinyl acetate monomer market through 2026

According to a report by TechSci Research, “Global vinyl acetate monomer market by application, by region, competition forecast & opportunities, 2012 – 2026”, the global vinyl acetate monomer market is projected to reach $11.93 billion by 2026.

Growth in the global vinyl acetate monomer (VAM) market is attributed to increasing use of adhesives in construction sector, automotive manufacturing, furniture production and paints & coatings industry, along with rising plastic packaging demand across the globe by various industries.

Additionally, VAM is witnessing increasing demand for use in production of emulsion polymers, resins used in textiles, wire and cable polyethylene compounds and laminated safety glass. Vinyl acetate monomer is an essential chemical building block that is used in the production of a variety of chemicals, which are further used during the production of a wide range of industrial and consumer products.

READ MORE: Global vinyl acetate monomer market to reach $12 bn by 2026 – Report