LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global vinyl acetate market is projected to grow to USD 8,363.1 million by 2021, at a CAGR of more than 5% over the forecast period.
This research report titled ‘Global Vinyl Acetate Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
|Vinyl acetate is a colorless organic liquid used as an intermediate in the production of various resins, emulsions, and various industrial and consumer products. The growing demand for vinyl acetate from the automotive industry for both interior and exterior applications is a key factor driving the growth of the global market.|
Request a sample report: http://www.technavio.com/request-a-sample?report=57094
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Based on application, the report categorizes the global vinyl acetate market into the following segments:
- Polyvinyl acetate (PVA)
- Polyvinyl alcohol (PVOH)
- Ethylene vinyl acetate (EVA)
The top three revenue-generating application segments in the global vinyl acetate market are discussed below:
Polyvinyl acetate (PVA)
“Polyvinyl acetate forms the largest application segment of the global vinyl acetate market, responsible for generating over 45% of the overall revenue. The water emulsions of polyvinyl acetate are commonly used in paints and adhesives, construction, paper, cloth, and wood applications,” says Ajay Adikari, a lead analyst at Technavio for plastics, polymers, and elastomers research.
PVA is widely adopted in adhesive applications due to their low cost and resistance against biodegradation. It is also used in sealants, hot melt adhesives (PVA glue), plastic, wood, coatings, and inks. The PVA market segment is projected to grow at a moderate pace over the forecast period.
Polyvinyl alcohol (PVOH)
Polyvinyl alcohol is a water-soluble, colorless synthetic polymer compound. PVOH compounds are used predominantly in the paper industry to provide resistance against oil and grease. It is also used in the food industry and pharmaceutical industry due to its coating and binding properties. PVOH is needed in the production of polyvinyl butyral resin, which is a polymer that possesses durable toughness, clarity, and adhesion properties. The polyvinyl alcohol segment of the vinyl acetate market is expected to grow at a moderate rate over the forecast period, estimated to generate USD 3,275.5 million by 2021.
Ethylene vinyl acetate (EVA)
“EVA finds applications in diverse industries such as adhesives, sealants, biomedical, solar, sports, and packaging. It is a transparent, low-temperature flexible compound exhibiting high friction coefficient and good chemical resistance properties,” says Ajay.
EVA is mainly used in the biomedical industry for drug delivery, due to its non-biodegradable property. It is also used in various sports equipment such as bicycle seats, ski boots, and hockey pads; and in manufacturing sandals, shoes, and slippers.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Celanese Corporation
- Dow Chemical
Browse Related Reports:
- Global Rigid Transparent Plastics Market 2017-2021
- Global Ethylene Vinyl Acetate Market 2016-2020
- Global Hot Melt Adhesives Market 2016-2020
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like agrochemicals and fertilizers, glass and ceramics, and textile, fiber, and composites. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.