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The vinyl acetate (C4H4O2) is a colorless liquid with a sweet or fruity odor. It is also known as a vinyl acetate monomer or VAM. The product is used as a key intermediate in the manufacturing of various resins and polymers. The polyvinyl acetate, polyvinyl alcohol, polyvinyl butyral, ethylene vinyl alcohol, vinyl chloride-vinyl acetate copolymer, and polyvinyl formal are some of the important derivatives of vinyl acetate. Additionally, the vinyl acetate provides oxygen barrier, adhesion, toughness, clarity, and chemical resistance properties. These benefits surge its demand in various applications which include solar panels, safety glass sheets, paints and coatings, adhesives, films, and injection molded parts.
The rising demand for polyvinyl acetate and polyvinyl alcohol in various applications will fuel market growth. The polyvinyl acetate is utilized in a variety of adhesive. In its emulsified form, the product is used in the paste and glues. Whereas, the polyvinyl alcohol acts as a sizing agent and majorly utilized to improve the strength of textile yarns, which helps to decrease the possibility of breakage during the weaving process. Its benefits surge its demand in the textile application. Hence, the increasing demand for polyvinyl acetate and polyvinyl alcohol in these applications will fuel the vinyl acetate (cas 108-05-4) market growth during the forecast timeline.
However, vinyl acetate is highly flammable in the air and increases the risk of fire and damage to the people in the workplace. This reduces the safety of workers and hampers the market growth.
Key Market Driver -
The rising demand for polyvinyl acetate and polyvinyl alcohol in various applications to drive the market growth
Key Market Restraint -
The hazardous impact of vinyl acetate on safety of workers to restrict the market growth
Based on type, the vinyl acetate (cas 108-05-4) market is segmented into polyvinyl acetate, polyvinyl alcohol, polyvinyl butyral, ethylene vinyl alcohol, vinyl chloride-vinyl acetate copolymer, polyvinyl formal, and others. Based on application, the market is segmented into solar panels, safety glass sheet, paints and coatings, adhesives, textile, films, injection molded parts, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the vinyl acetate (cas 108-05-4) market include Calanese Corporation, Arkema, DOW, BASF, Clariant, Dupont, Kuraray, Wacker, Infineum International, Exxon Mobil Corporation, Nippon Synthetic Chemical, Innospec Inc., Lyondellbasell, Sinopec Corporation, Crown Chemical, Adarsh Chemicals, Millennium Inorganic Chemicals, Saudi International Petrochemical Company, Viraj Industries, Joyce Lub and Chem, Al Alameen Ltd., and S.S.M. Company.
Asia Pacific is anticipated to witness sustainable growth in the vinyl acetate (cas 108-05-4) market. The growth is attributed to the rising product demand in the solar panels. The higher use of the product in the safety glass sheet and paints & coatings application will fuel the market growth in Europe. In North America, the growth is due to the increasing use of the polyvinyl acetate in films & adhesive applications, in which the US and Canada are the leading countries. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the product in the injection molded parts.
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