Vinyl acetate monomer (VA) is an important intermediate used in the production of many polymers and resins especially for paints, adhesives, lacquers, sealants, and other related products. The main polymer produced from VAM is vinyl acetate (VA), also known as volatile organic solvent (VOC) that is widely used for industrial, medical, and automotive applications. It is considered a cost-effective and versatile polymer and its use ranges from curing and forming, adhesion, hardening, de-icing, toning, and sealing.
The increasing use of vinyl acetate monomer for the manufacturing of polyvinyl alcohol which is widely used across photosensitive coatings, packaging films, and thickeners is predominantly fueling the market growth. High demand for adhesives from various end-user industries is predominantly fueling the market growth of the vinyl acetate monomer. Increasing focus of the manufacturer on production capacity by establishing new plants is one of the current trends in the market. For instance, in February 2019, INEOS invested £150 million in Hull to construct a new Vinyl Acetate Monomer (VAM) plant. The capacity at the site is expected to produce 300,000 metric tons per year (m.t./yr).
Europe is expected to exhibit significant growth over the forecast period and this is attributed to increasing demand for lightweight vehicles due to strict emission regulations and the need to curb pollution. This factor is shifting the manufacturer’s focus towards introducing fuel-efficient vehicles which are creating demand for high-performance polymers thus augmenting the market growth of the vinyl acetate monomer over the forecast period.
Key Developments:
In May 2019, Celanese has signed a memorandum of understanding (MoU) to supply vinyl acetate monomer (VAM) to China-based Anhui Wanwei Group. The MoU is a long-term commercial agreement for the supply of Celanese’s green technology-based, ethylene-based VAM to Wanwei from its chemical industrial facility in Nanjing, China.
In March 2020, WACKER has expanded its new product line of polymeric binders based on renewable raw materials. WACKER uses biobased acetic acid and ethylene to develop vinyl acetate monomer, which further uses ethylene to form vinyl acetate-ethylene (VAE).
In May 2020, Celanese Corporation has signed a memorandum of understanding for a long-term commercial agreement with Anhui Wanwei Group Co., Ltd., (Wanwei), to supply Wanwei with Celanese’s green technology-based, ethylene-based vinyl acetate monomer (VAM) in China.
In July 2020, KBR entered into a partnership with Shenghong Refining Petrochemical (Lianyungang) Co. Ltd., China. Where KBR will supply the proprietary catalyst for a Shenghong’s grassroot 300 KTA Vinyl Acetate Monomer (VAM).
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