The Latin America, Middle East and Africa Vinyl Acetate Monomer Market would witness market growth of 6.4% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 607.9 kilo tonnes, showcasing a growth of 4.2% (2024-2031).
In applications, PVOH serves as a vital ingredient in the production of adhesives, coatings, and films, owing to its excellent film-forming, adhesive, and barrier properties. Thus, the Brazil market utilized 37.92 kilo tonnes of PVOH in the market 2023.
The Brazil market dominated the LAMEA Vinyl Acetate Monomer Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $272.8 Million by 2031. The Argentina market is registering a CAGR of 6.9% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 6% during (2024 - 2031).
VAM-based polymers are used in flexible packaging films, adhesives, and coatings for food packaging, pharmaceutical packaging, and consumer goods packaging. These materials provide barrier properties, heat sealability, and printability, ensuring product protection and visual appeal.
Moreover, VAM-based polymers are utilized in paper coatings, binders, and sizing agents to improve paper strength, surface smoothness, and printability. These polymers enhance the performance of paper and paperboard products in printing, packaging, and graphic arts applications.
The expansion of the chemical industry in the UAE drives demand for raw materials and intermediates, including VAM, for various manufacturing processes. As the chemical sector grows, there is a corresponding increase in the requirement for VAM to support the production of adhesives, coatings, polymers, and other chemical products. The Industrial Development Bureau states that Abu Dhabi’s chemical sector contributes the most to the nation’s GDP, with over AED 21 billion in investments and a 53% share in 2021.
Free Valuable Insights: The Worldwide Vinyl Acetate Monomer Market is Projected to reach USD 13.5 Billion by 2031, at a CAGR of 4.7%
Based on End-user, the market is segmented into Construction, Packaging, Textile, Cosmetics, and Others. Based on Application, the market is segmented into Polyvinyl Acetate (PVA), Polyvinyl Alcohol (PVOH), Ethylene-Vinyl Acetate (EVA), and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By End-user (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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