The North America Vinyl Acetate Monomer Market would witness market growth of 4.2% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 992.3 kilo tonnes, showcasing a growth of 18.6% (2020-2023).
PVAc-based adhesives are commonly employed in construction for bonding wood, paper, plastics, and other materials, offering excellent adhesion strength and durability. Thus, the Canada market utilized 38.9 kilo tonnes of PVAc-based adhesives for construction in the market 2020.
The US market dominated the North America Vinyl Acetate Monomer Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,406.9 Million by 2031. The Canada market is experiencing a CAGR of 6.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.6% during (2024 - 2031).
VAM-based emulsions and dispersions are used in agricultural formulations such as adjuvants, dispersants, and crop protection products, improving formulation stability, performance, and efficacy.
Moreover, VAM-based polymers are employed in automotive interior components, exterior coatings, adhesives, sealants, and fuel system components, enhancing vehicle aesthetics, durability, and performance.
The growing construction industry in Canada requires a wide range of adhesives and sealants for various applications such as flooring, roofing, insulation, and panel bonding. VAM is a key ingredient in the formulation of adhesives and sealants, driving demand for VAM-based products. VAM produces construction chemicals such as waterproofing membranes, caulks, grouts, and concrete additives.
Free Valuable Insights: The Vinyl Acetate Monomer Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
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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