LONDON--(EON: Enhanced Online News)--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.
“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”
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.|
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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
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