According to a new report, published by KBV research, The Global Vinyl Acetate Monomer Market size is expected to reach $13.5 billion by 2031, rising at a market growth of 4.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 6,632.1 kilo tonnes, experiencing a growth of 19.1% (2020-2023).
The Construction segment is leading the Global Vinyl Acetate Monomer Market by End-user in 2023; thereby, achieving a market value of $4.7 billion by 2031. VAM is a key ingredient in the production of adhesives and binders used in construction applications. Adhesives formulated with VAM provide strong bonding capabilities, making them ideal for bonding various construction materials, including wood, plastics, metals, and ceramics. VAM-based adhesives are widely used in the assembly of furniture, cabinets, flooring, laminates, and other building components, contributing to the structural integrity and durability of constructed structures.
The Ethylene-Vinyl Acetate (EVA) segment is anticipating a CAGR of 5.2% during (2024 - 2031). EVA is a crucial component in the production of solar photovoltaic (PV) modules. EVA encapsulant films are used to laminate and protect solar cells within PV modules, providing insulation, adhesion, and UV resistance. EVA-based encapsulants enhance the durability and performance of solar PV modules, increasing their efficiency and lifespan.
Full Report: https://www.kbvresearch.com/vinyl-acetate-monomer-market/
The Asia Pacific region dominated the Global Vinyl Acetate Monomer Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6.3 billion by 2031. The North America region is experiencing a CAGR of 4.2% during (2024 - 2031). Additionally, The Europe region would exhibit a CAGR of 4.4% during (2024 - 2031).
By End-user (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
Unique Offerings 
