The Europe Vinyl Acetate Monomer Market would witness market growth of 4.4% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 1,243.1 kilo tonnes, showcasing a growth of 18.9% (2020-2024).
VAM is primarily utilized in the production of polyvinyl acetate (PVA) and its copolymers, which find extensive use in packaging materials such as adhesives, coatings, films, and emulsions. Thus, the France market utilized 149.88 kilo tonnes of VAM in the market 2021.
The Germany market dominated the Europe Vinyl Acetate Monomer Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $645.4 Million by 2031. The UK market is exhibiting a CAGR of 3.5% during (2024 - 2031). Additionally, The France market would exhibit a CAGR of 5.2% during (2024 - 2031).
VAM-based polymers formulate paints, coatings, and finishes for architectural, automotive, and industrial applications. These coatings protect against corrosion, abrasion, and weathering while enhancing the aesthetic appeal of surfaces.
Additionally, VAM-based polymers are employed in textile finishing, sizing, and printing applications to impart stiffness, wrinkle resistance, and fabric printability. They are also used in nonwoven materials for hygiene products, filtration, and disposable applications.
As the food and beverage industry expands in Europe, there is a corresponding rise in the demand for packaging materials to store, transport, and preserve food and beverage products. VAM produces various packaging materials, such as films, coatings, adhesives, and sealants, which are essential for packaging applications in the food and beverage sector.
Free Valuable Insights: The Global Vinyl Acetate Monomer Market will Hit USD 13.5 Billion by 2031, at a CAGR of 4.7%
Based on End-user, the market is segmented into Construction, Packaging, Textile, Cosmetics, and Others. Based on Application, the market is segmented into Polyvinyl Acetate (PVA), Polyvinyl Alcohol (PVOH), Ethylene-Vinyl Acetate (EVA), and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By End-user (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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