Vinyl Acetate Monomer (VAM) Market Expected To Reach 7,934.2 kilo tons By 2020: Grand View Research, Inc.

The global VAM market is expected to reach USD 9.86 billion by 2020, according to a new study by Grand View Research, Inc. Increasing adhesive demand from key industries such as construction, automotive and furniture is expected to drive VAM market growth. Increasing paints & coatings demand, particularly in Asia Pacific and Latin America, is also expected to further impact market demand positively over the next six years. Stringent environmental regulations and volatile raw material prices are expected to remain key challenges for market participants over the forecast period.

Increasing shale gas exploration in the U.S. is expected to benefit the market in terms of ethylene supply, which is a key VAM feedstock and is expected to benefit the market supply. Polyvinyl acetate (PVA) and polyvinyl alcohol (PVOH) were the major application segments which together accounted for over 85% of total market volume in 2013.

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