酢酸ビニルモノマーの世界市場 2024-2031

概要

世界の酢酸ビニルモノマー（VAM）市場は、2023年に102億米ドルに達し、2031年には157億米ドルに達すると予測され、予測期間2024-2031年のCAGRは4.5%で成長すると予測されます。

主要な最終用途産業からの需要増加による世界の接着剤産業の拡大は、予測期間中も世界の酢酸ビニルモノマー市場の主要な原動力になると予測されます。包装は接着剤とシーラントの主要ユーザーです。包装は、自動車や建設などのエンドユーザー部門からの需要が高いです。

CEPIによると、欧州連合のCEPI加盟国における紙・板紙の総生産量は90,583キロトンで、2020年の85,349キロトンから6.1%増加しました。2021年には包装用紙・板紙が総生産量の53,545キロトンを占めました。さらに、CEPI加盟国の2021年の紙・板紙全体の消費量は75,219キロトンで、2020年の71,108キロトンから5.8%増加しました。

2023年には、北米が世界の酢酸ビニルモノマー市場の約25%を占め、2番目に急成長する地域になると予想されます。米国の包装産業はシェールガスブームと相まって有望であり、今後も同地域の市場成長の原動力となると予測されます。

ダイナミクス

太陽電池産業からの需要拡大

太陽電池の大半は、光電池モジュールを包むためにエチレン酢酸ビニルを使用しています。これは、高い光透過性と柔軟性、優れた溶融流動性、低い加工温度、接着性などの利点によるものです。太陽電池の利用は世界中で急速に拡大しています。過去10年間で、政府からの資金援助が増加したため、新たに設置された太陽電池の容量は世界的に拡大しました。

太陽電池の設置容量は着実に拡大しています。SolarPower Europeは、世界の太陽光発電の累積容量は2021年までに940GWに達すると予測しています。太陽光発電市場の拡大は、分散型で持続可能なエネルギー・ソリューションへの動向を示しています。さらに、太陽光発電容量は今後3年間で2.3TWを超え、2021年から1.4TW以上増加すると予測されています。

接着剤とコーティング剤の需要拡大

酢酸ビニルは、その優れた接着性、繊維形成能力、光学的能力、電気的能力により、接着剤製造に使用される最も重要なモノマーのひとつです。工業製品や消費財の製造に使用される重要な化学構成成分です。VAMは、消費者用途と工業用途の両方で、ポリマーやコポリマーの製造に利用される前駆体です。

特にアジア太平洋とラテンアメリカの新興経済圏におけるインフラ支出の増加に伴う塗料とコーティングの需要増加が、予測期間中の世界の酢酸ビニルモノマー市場の成長を押し上げる可能性が高いです。酢酸ビニル・エチレン・コポリマーは環境への影響が少ないため、建築用塗料に最適です。

原料価格の変動と厳しい規制

シェールガスの探査・生産活動の活発化により、VAM生産に不可欠な原料の安定供給が維持されると予想されます。原油はエチレン製造の主要原料であり、その後VAMの製造に使用されます。シェールガスから抽出された天然ガスは、VAM合成のために原油よりも高い割合でエタンを含んでいます。

VAMの製造は、メタノールとアセトアルデヒドから得られる酢酸と、石油・天然ガスから得られるエチレンに依存しています。これらの原料の価格は大きく変動する可能性があり、VAMの製造コスト、利益率、市場の安定性に影響を与えます。環境問題への関心の高まりに対応した厳しい規制や、主要原料の価格変動は、業界参加者にとって今後も大きな障害となることが予想されます。

目次

第1章 調査手法と調査範囲

第2章 定義と概要

第3章 エグゼクティブサマリー

第4章 市場力学

• 影響要因
  • 促進要因
    • ソーラー産業からの需要拡大
    • 接着剤とコーティング剤からの需要拡大
  • 抑制要因
    • 原料価格の変動と厳しい規制
  • 機会
  • 影響分析

第5章 産業分析

• ポーターのファイブフォース分析
• サプライチェーン分析
• 価格分析
• 規制分析
• ロシア・ウクライナ戦争の影響分析
• DMIの見解

第6章 COVID-19分析

第7章 用途別

• ポリ酢酸ビニル（PVA）生産量
• エチレン酢酸ビニル（EVA）コポリマー生産量
• 酢酸ビニル-エチレン（VAE）コポリマー生産量

第8章 エンドユーザー別

• 建設
• 包装
• 自動車
• 繊維
• エレクトロニクス
• その他

第9章 地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • フランス
  • イタリア
  • ロシア
  • その他欧州
• 南米
  • ブラジル
  • アルゼンチン
  • その他南米
• アジア太平洋
  • 中国
  • インド
  • 日本
  • オーストラリア
  • その他アジア太平洋地域
• 中東・アフリカ

第10章 競合情勢

• 競合シナリオ
• 市況/シェア分析
• M&A分析

第11章 企業プロファイル

• Celanese Corporation
  • 会社概要
  • 製品ポートフォリオと説明
  • 財務概要
  • 主な発展
• LyondellBasell Industries
• The Dow Chemical Company
• DuPont
• Kuraray
• Ineos
• Chang Chun Group
• Dairen Chemical Corp
• Sinopec
• Wacker Chemie

第12章 付録

Overview

Global Vinyl Acetate Monomer Market reached US$ 10.2 billion in 2023 and is expected to reach US$ 15.7 billion by 2031, growing with a CAGR of 4.5% during the forecast period 2024-2031.

The global adhesives industry's expansion due to rising demand from major end-use industries is projected to continue to be a major driving force in the global vinyl acetate monomer market during the forecast period. Packaging is a major user of adhesives and sealants. Packaging is in high demand from end-user sectors such as automotive and construction.

According to CEPI, total paper and board production in the CEPI member countries of the European Union was 90,583 kilotons, representing a 6.1% increase from 85,349 kilotons in 2020. In 2021, packaging paper and board accounted for 53,545 kiloTons of total production. Furthermore, CEPI member nations' overall consumption of paper and board in 2021 was 75,219 kilotons, up from 71,108 kilotons in 2020, representing a 5.8% increase.

In 2023, North America is expected to be the second-fastest growing region, holding about 25% of the global vinyl acetate monomer market. A promising outcome for the packaging industry in U.S., combined with the country's shale gas boom, is projected to continue to be a key driving force for regional market growth.

Dynamics

Growing Demand from Solar Industry

The majority of solar cells employ ethylene-vinyl acetate to enclose photovoltaic modules. It is due to its advantages, which include high light transmittance and flexibility, great melt fluidity, low processing temperature and adhesive properties. The use of solar cells is growing rapidly over the world. Over the last decade, as government funding has increased, the capacity of newly installed solar photovoltaic cells has expanded globally.

Solar photovoltaics' installed capacity is steadily expanding. SolarPower Europe estimates that global cumulative solar PV capacity will reach 940 GW by 2021. The solar market's expansion signals a trend towards distributed and sustainable energy solutions. Furthermore, solar PV capacity is predicted to exceed 2.3 TW during the next three years, an increase of more than 1.4 TW from 2021.

Growing Demand from Adhesives and Coatings

Vinyl acetate is one of the most essential monomers used in adhesive manufacture due to its superior adhesive, fiber-forming, optical and electrical capabilities. It is an important chemical building ingredient used to make industrial and consumer goods. VAM is a precursor utilized in the production of polymers and copolymers for both consumer and industrial applications.

Growing demand for paints and coatings as a result of increased infrastructure spending, particularly in emerging economies in Asia-Pacific and Latin America, is likely to boost the global vinyl acetate monomer market growth during the forecast period. Vinyl acetate ethylene copolymers are ideal for architectural coatings due to their low environmental impact.

Volatility in Raw Material Price and Stringent Regulations

Increasing shale gas exploration and production activities are expected to maintain a steady supply of critical raw materials for VAM production. Crude oil is a primary feedstock for ethylene production, which is then used to produce VAM. Natural gas extracted from shale gas contains a higher percentage of ethane than crude oil for VAM synthesis.

VAM manufacturing is dependent on acetic acid, which is obtained from methanol and acetaldehyde and ethylene, which is derived from crude oil or natural gas. Prices for these raw materials can fluctuate dramatically, affecting VAM manufacturing costs, profit margins and market stability. Stringent regulations in response to growing environmental concerns, as well as variable prices for key raw materials, are expected to continue to be significant obstacles for industry participants.

Segment Analysis

The global vinyl acetate monomer market is segmented based on application, end-user and region.

Rising Demand for Adhesives and Coatings Drives the Segment Growth

Polyvinyl Acetate production is expected to be the fastest growing segment with 1/3rd of the market during the forecast period 2024-2031. PVA is the largest VAM derivative and is widely used in adhesive applications due to its excellent adhesion qualities to a variety of substrates such as wood, paper, metals and plastic films.

PVA is also used extensively in paints and coatings. PVOH is the second-largest VAM consumer made from PVA. PVOH is utilized in a variety of applications including coatings, adhesives and water-soluble packaging. PVAc, developed from PVA, is used to make magnetic wire insulation, safety glass interlayers, wash primers and coatings.

Geographical Penetration

Rising Production of New Energy Vehicles in Asia-Pacific

Asia-Pacific is the dominant region in the global vinyl acetate monomer market covering about 30% of the market. The region is expected to grow rapidly as countries such as China increase their investment in construction and the automobile industry. China is the world's largest vehicle producer. In accordance to the China Association of Automobile Manufacturing, the country's output of new energy passenger vehicles increased by 97.8% year on year in December 2022.

Furthermore, the country's new energy commercial vehicle production increased by 81% year on year in December 2022. Thus, the rising automobile business is likely to boost demand for vinyl acetate in the region. Vinyl acetate is commonly used to make paints, coatings, adhesives and packaging materials. With China being a prominent player in these industries, the demand for vinyl acetate is likely to increase during the forecast period.

Competitive Landscape

The major global players in the market include Celanese Corporation, LyondellBasell Industries, The Dow Chemical Company, DuPont, Kuraray, Ineos, Chang Chun Group, Dairen Chemical Corp, Sinopec and Wacker Chemie.

COVID-19 Impact

The pandemic disrupted several industries, including construction, automotive, packaging and textiles, all of which rely heavily on VAM and its derivatives. The pandemic affected global supply chains, limiting raw material availability, transportation and logistics. Lockdown measures, supply chain interruptions and economic uncertainty caused swings in demand for VAM-based products such adhesives, coatings and polymers.

Changing consumer behavior during the pandemic, like increased demand for e-commerce, home improvement projects and healthcare supplies, had an impact on VAM-based product demand. For example, the spike in online shopping raised the demand for packaging materials, resulting in increasing demand for VAM-based adhesives and coatings used in packaging applications.

Russia-Ukraine War Impact

Geopolitical tensions and war can cause market uncertainty, causing buyers and investors to hesitate. Companies may postpone investment decisions or seek alternate supply sources to reduce geopolitical risks, which could have an influence on global VAM demand. Any production or transportation disruptions caused by a dispute might result to supply shortages and price volatility in the global VAM market.

Furthermore, Russia is a large exporter of natural gas, a critical feedstock for VAM manufacturing. Any disruptions in Russia's gas supply could have a significant impact on regional VAM output. The conflict causes heightened volatility in energy markets, particularly natural gas and crude oil prices. Natural gas is a significant feedstock for VAM production, so any volatility in energy prices could affect production costs and profitability for VAM companies globally.

By Application

• Polyvinyl Acetate (PVA) Production
• Ethylene Vinyl Acetate (EVA) Copolymer Production
• Vinyl Acetate-Ethylene (VAE) Copolymer Production

By End-User

• Construction
• Packaging
• Automotive
• Textiles
• Electronics
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In February 2023, Celanese Corporation declared the completion of an ultra-low capital program to repurpose old manufacturing and infrastructure assets to increase ethylene vinyl acetate capacity at its Edmonton, Alberta, facility. The development will greatly increase Acetyl Chain's downstream vinyl offering.
• In December 2022, Showa Denko K.K. has announced that it would license its technology for making vinyl acetate monomer to Asian Paints Limited as part of a formal cooperation agreement between SDK and KBR, a global engineering and technology solutions firm headquartered in U.S. Furthermore, SDK will provide catalysts for Asian Paints' VAM manufacture.
• In November 2021, Celanese Corporation has partnered with Mitsubishi Chemical Advanced Materials. The relationship enabled both organizations to collaborate together to convert waste streams into saleable and end-product formulations, providing clients with more sustainable options to minimize carbon emissions.

Why Purchase the Report?

• To visualize the global vinyl acetate monomer market segmentation based on application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of vinyl acetate monomer market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global vinyl acetate monomer market report would provide approximately 54 tables, 45 figures and 184 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Table of Contents

1. Methodology and Scope

• 1.1. Research Methodology
• 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

• 3.1. Snippet by Application
• 3.2. Snippet by End-User
• 3.3. Snippet by Region

4. Dynamics

• 4.1. Impacting Factors
  • 4.1.1. Drivers
    • 4.1.1.1. Growing Demand from Solar Industry
    • 4.1.1.2. Growing Demand from Adhesives and Coatings
  • 4.1.2. Restraints
    • 4.1.2.1. Volatility in Raw Material Price and Stringent Regulations
  • 4.1.3. Opportunity
  • 4.1.4. Impact Analysis

5. Industry Analysis

• 5.1. Porter's Five Force Analysis
• 5.2. Supply Chain Analysis
• 5.3. Pricing Analysis
• 5.4. Regulatory Analysis
• 5.5. Russia-Ukraine War Impact Analysis
• 5.6. DMI Opinion

6. COVID-19 Analysis

• 6.1. Analysis of COVID-19
  • 6.1.1. Scenario Before COVID
  • 6.1.2. Scenario During COVID
  • 6.1.3. Scenario Post COVID
• 6.2. Pricing Dynamics Amid COVID-19
• 6.3. Demand-Supply Spectrum
• 6.4. Consumer Electronics Initiatives Related to the Market During Pandemic
• 6.5. Manufacturers Strategic Initiatives
• 6.6. Conclusion

7. By Application

• 7.1. Introduction
  • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 7.1.2. Market Attractiveness Index, By Application
• 7.2. Polyvinyl Acetate (PVA) Production*
  • 7.2.1. Introduction
  • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3. Ethylene Vinyl Acetate (EVA) Copolymer Production
• 7.4. Vinyl Acetate-Ethylene (VAE) Copolymer Production

8. By End-User

• 8.1. Introduction
  • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 8.1.2. Market Attractiveness Index, By End-User
• 8.2. Construction*
  • 8.2.1. Introduction
  • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3. Packaging
• 8.4. Automotive
• 8.5. Textiles
• 8.6. Electronics
• 8.7. Others

9. By Region

• 9.1. Introduction
  • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 9.1.2. Market Attractiveness Index, By Region
• 9.2. North America
  • 9.2.1. Introduction
  • 9.2.2. Key Region-Specific Dynamics
  • 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.2.5.1. U.S.
    • 9.2.5.2. Canada
    • 9.2.5.3. Mexico
• 9.3. Europe
  • 9.3.1. Introduction
  • 9.3.2. Key Region-Specific Dynamics
  • 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.3.5.1. Germany
    • 9.3.5.2. UK
    • 9.3.5.3. France
    • 9.3.5.4. Italy
    • 9.3.5.5. Russia
    • 9.3.5.6. Rest of Europe
• 9.4. South America
  • 9.4.1. Introduction
  • 9.4.2. Key Region-Specific Dynamics
  • 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.4.5.1. Brazil
    • 9.4.5.2. Argentina
    • 9.4.5.3. Rest of South America
• 9.5. Asia-Pacific
  • 9.5.1. Introduction
  • 9.5.2. Key Region-Specific Dynamics
  • 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.5.5.1. China
    • 9.5.5.2. India
    • 9.5.5.3. Japan
    • 9.5.5.4. Australia
    • 9.5.5.5. Rest of Asia-Pacific
• 9.6. Middle East and Africa
  • 9.6.1. Introduction
  • 9.6.2. Key Region-Specific Dynamics
  • 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

10. Competitive Landscape

• 10.1. Competitive Scenario
• 10.2. Market Positioning/Share Analysis
• 10.3. Mergers and Acquisitions Analysis

11. Company Profiles

• 11.1. Celanese Corporation*
  • 11.1.1. Company Overview
  • 11.1.2. Product Portfolio and Description
  • 11.1.3. Financial Overview
  • 11.1.4. Key Developments
• 11.2. LyondellBasell Industries
• 11.3. The Dow Chemical Company
• 11.4. DuPont
• 11.5. Kuraray
• 11.6. Ineos
• 11.7. Chang Chun Group
• 11.8. Dairen Chemical Corp
• 11.9. Sinopec
• 11.10. Wacker Chemie

LIST NOT EXHAUSTIVE

12. Appendix

• 12.1. About Us and Services
• 12.2. Contact Us