Report Overview

An increasing demand from the construction and automotive industries, growing population and urbanization, rising disposable income, expanding packaging sector, and government initiatives to promote infrastructure development and foreign investments are propelling the growth of India Vinyl Acetate Monomer (VAM) Market during the forecast period between 2023 and 2029.

India Vinyl Acetate Monomer (VAM) Market – Trends & Forecast Report, 2029

India vinyl acetate monomer (VAM) market size was estimated at USD 283.24 million in 2022. During the forecast period between 2023 and 2029, India vinyl acetate monomer (VAM) market size is expected to grow at a CAGR of 5.64% reaching a value of USD 411.57 million by 2029. The India vinyl acetate monomer market has been witnessing several notable trends in recent years. One prominent trend is the growing demand for vinyl acetate monomer (VAM) in the construction sector, driven by infrastructure development and urbanization. VAM is widely used in the production of adhesives, coatings, and paints, which are extensively utilized in the construction industry. Another significant trend is the increasing preference for eco-friendly and sustainable products, leading to a rise in the adoption of bio-based vinyl acetate monomers derived from renewable sources. Also, the market is experiencing technological advancements, such as the development of high-performance VAM grades and innovative manufacturing processes, to enhance product quality and efficiency. These trends are shaping the India vinyl acetate monomer market, paving the way for further growth and expansion.

India Vinyl Acetate Monomer (VAM) Market - Overview

Vinyl acetate monomer (VAM) is a chemical compound with the molecular formula C4H6O2. It is a colorless liquid that is highly flammable and possesses a sweet, fruity odor. VAM is an important raw material in the production of polyvinyl acetate (PVA), which is widely used in adhesives, coatings, and paints. It is also a key building block for the manufacturing of vinyl-based polymers like polyvinyl alcohol (PVOH) and vinyl acetate-ethylene (VAE) copolymers. VAM is produced through the reaction of acetic acid with ethylene, and its versatile nature makes it a valuable ingredient in various industrial applications.

Growth Drivers

Rising Demand for Adhesives and Coatings

India's vinyl acetate monomer (VAM) market is experiencing a significant growth trajectory driven by the increasing demand for adhesives and coatings across various industries. VAM, a key chemical intermediate, is extensively utilized in the production of adhesives, paints, coatings, and textiles. The booming construction and automotive sectors in India are fueling the need for high-performance adhesives and coatings, thereby boosting the demand for VAM. Also, the growing awareness regarding environmentally friendly products has led to a shift toward water-based adhesives and coatings, further augmenting the VAM market. With the government's emphasis on infrastructure development and industrial growth, the India VAM market is set to witness continued expansion during the forecast period.

Restraints

Regulatory Challenges

In the rapidly growing India vinyl acetate monomer (VAM) market, regulatory challenges emerge as a significant challenge. Stringent government regulations regarding environmental sustainability, worker safety, and product quality standards pose obstacles for manufacturers and suppliers operating in the industry. Compliance with these regulations often requires significant investments in equipment upgrades, waste management systems, and emission control measures, increasing operational costs. Also, obtaining necessary permits and certifications adds complexity and time delays to market entry and expansion. These regulatory hurdles hinder the growth potential of the India vinyl acetate monomer market, creating barriers for both domestic players and international investors seeking to capitalize on the country's market opportunities.

Impact of COVID-19 on India Vinyl Acetate Monomer (VAM) Market

The COVID-19 pandemic significantly impacted the India vinyl acetate monomer market, causing disruptions across the industry. As the virus spread and lockdown measures were implemented, manufacturing activities and supply chains faced unprecedented challenges. The market witnessed a decline in demand due to reduced construction and automotive activities, as well as the temporary closure of numerous manufacturing units. Restrictions on international trade further affected the import and export of VAM. Also, labor shortages and logistical constraints hindered production and distribution, leading to increased costs and delayed deliveries. While the industry is gradually recovering, the COVID-19 pandemic has undoubtedly left a lasting impact on the India vinyl acetate monomer (VAM) market.

India Vinyl Acetate Monomer (VAM) Market

Segmental Coverage

India Vinyl Acetate Monomer (VAM) Market – By Application

On the basis of application, India vinyl acetate monomer (VAM) market is divided into Polyvinyl Alcohol, Polyvinyl Acetate, Ethylene-Vinyl Acetate, and Ethylene-Vinyl Alcohol segments. The largest segment is Polyvinyl Acetate (PVA). PVA is a versatile polymer widely used in various industries such as adhesives, paints, coatings, and textiles. Its excellent adhesive properties, water resistance, and film-forming characteristics make it a preferred choice in many applications. Also, PVA is known for its biodegradability and non-toxic nature, further increasing its popularity. The demand for PVA in India is driven by the construction sector, the packaging industry, and the growing awareness of environmentally friendly materials. Thus, the PVA segment holds a significant share of the India VAM market.

India Vinyl Acetate Monomer (VAM) Market – By End-User Industry

On the basis of end-user industry, India vinyl acetate monomer (VAM) market is divided into Packaging, Construction, Textile, and Cosmetics. Among these segments, the largest one in terms of market share is Packaging. Packaging is a crucial industry in India, driven by the growth of e-commerce, retail, and consumer goods sectors. Vinyl acetate monomer finds extensive use in the production of various packaging materials, such as films, laminates, adhesives, and coatings. The demand for VAM in the packaging sector is fueled by its excellent adhesive properties, versatility, and cost-effectiveness. With the increasing emphasis on sustainable packaging solutions, the India VAM market in the packaging segment is expected to witness significant growth during the forecast period.

India Vinyl Acetate Monomer (VAM) Market – By Region

The in-depth research report on the India vinyl acetate monomer (VAM) market covers the country’s four major regional markets: North India, South India, East India, and West India. North India tends to have the largest market size, due to population density, industrial developments, and economic activities.

Competitive Landscape

Major players in the India vinyl acetate monomer (VAM) market include Celanese Corporation, LyondellBasell Industries, The Dow Chemical Company, DuPont, Kuraray, Ineos, Chang Chun Group, Dairen Chemical Corp, Sinopec, and Sipchem. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2022
	Base Year – 2022
	Estimated Year – 2023
	Forecast Period – 2023–2029
Facts Covered	Revenue in USD Million
Market Coverage	North India, South India, East India, West India
Product/ Service Segmentation	Application, End User Industry, Region
Key Players	Celanese Corporation, LyondellBasell Industries, The Dow Chemical Company, DuPont, Kuraray, Ineos, Chang Chun Group, Dairen Chemical Corp, Sinopec, Sipchem

 

 

By Application

• Polyvinyl Alcohol

• Polyvinyl Acetate

• Ethylene-Vinyl Acetate

• Ethylene-Vinyl Alcohol

• Others

By End-user Industry

• Packaging

• Construction

• Textile

• Cosmetics

• Others

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Vinyl Acetate Monomer (VAM) Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing Demand for Packaging Application
         2. Increasing Demand for Paints and Coatings in Construction Industry
      2. Restraints
         1. Unstable Raw Material Prices
      3. Opportunities
         1. Increasing Investment in Infrastructure and Building Activites
      4. Challenges
         1. Stringent Environmental Regulation
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Vinyl Acetate Monomer (VAM) Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Application
         1. Polyvinyl Alcohol
         2. Polyvinyl Acetate
         3. Ethylene-Vinyl Acetate
         4. Ethylene-Vinyl Alcohol
         5. Others
      2. By End-user Industry
         1. Packaging
         2. Construction
         3. Textile
         4. Cosmetics
         5. Others
      3. By Region
         1. North India
         2. South India
         3. East India
         4. West India
5. North India Vinyl Acetate Monomer (VAM) Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By End-user Industry
      3. By End-user Industry
6. South India Vinyl Acetate Monomer (VAM) Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By End-user Industry
7. East India Vinyl Acetate Monomer (VAM) Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By End-user Industry
8. West India Vinyl Acetate Monomer (VAM) Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By End-user Industry
9. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. India Vinyl Acetate Monomer (VAM) Market Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Vinyl Acetate Monomer (VAM) Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Celanese Corporation
    2. LyondellBasell Industries
    3. The Dow Chemical Company
    4. DuPont
    5. Kuraray
    6. Ineos
    7. Chang Chun Group
    8. Dairen Chemical Corp
    9. Sinopec
    10. Sipchem
    11. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
    1.  Qualitative Research
       1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

 

List of Figures

 

Figure 1       India Vinyl Acetate Monomer (VAM) Market Segmentation

Figure 2       India Vinyl Acetate Monomer (VAM) Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       India Vinyl Acetate Monomer (VAM) Market Size, By Value (USD Million), 2019–2029

Figure 5       India Vinyl Acetate Monomer (VAM) Market Share, By Product, By Value, 2019–2029

Figure 6       India Vinyl Acetate Monomer (VAM) Market Share, By End-user Industry, By Value, 2019–2029

Figure 7       India Vinyl Acetate Monomer (VAM) Market Share, By Region, By Value, 2019–2029

Figure 8       North India Vinyl Acetate Monomer (VAM) Market Size, By Value (USD Million), 2019–2029

Figure 9       North India Vinyl Acetate Monomer (VAM) Market Share, By Product, By Value, 2019–2029

Figure 10     North India Vinyl Acetate Monomer (VAM) Market Share, By End-user Industry, By Value, 2019–2029

Figure 11     South India Vinyl Acetate Monomer (VAM) Market Size, By Value (USD Million), 2019–2029

Figure 12     South India Vinyl Acetate Monomer (VAM) Market Share, By Product, By Value, 2019–2029

Figure 13     South India Vinyl Acetate Monomer (VAM) Market Share, By End-user Industry, By Value, 2019–2029

Figure 14     East India Vinyl Acetate Monomer (VAM) Market Size, By Value (USD Million), 2019–2029

Figure 15     East India Vinyl Acetate Monomer (VAM) Market Share, By Product, By Value, 2019–2029

Figure 16     East India Vinyl Acetate Monomer (VAM) Market Share, By End-user Industry, By Value, 2019–2029

Figure 17     West India Vinyl Acetate Monomer (VAM) Market Size, By Value (USD Million), 2019–2029

Figure 18     West India Vinyl Acetate Monomer (VAM) Market Share, By Product, By Value, 2019–2029

Figure 19     West India Vinyl Acetate Monomer (VAM) Market Share, By End-user Industry, By Value, 2019–2029

 

List of Tables

 

Table 1        India Vinyl Acetate Monomer (VAM) Market Size, By Value (USD Million), 2019–2029

Table 2        India Vinyl Acetate Monomer (VAM) Market Size, By Product, By Value, 2019–2029

Table 3        India Vinyl Acetate Monomer (VAM) Market Size, By End-user Industry, By Value, 2019–2029

Table 4        India Vinyl Acetate Monomer (VAM) Market Size, By Region, By Value, 2019–2029

Table 5        North India Vinyl Acetate Monomer (VAM) Market Size, By Value (USD Million), 2019–2029

Table 6        North India Vinyl Acetate Monomer (VAM) Market Size, By Product, By Value, 2019–2029

Table 7        North India Vinyl Acetate Monomer (VAM) Market Size, By End-user Industry, By Value, 2019–2029

Table 8        South India Vinyl Acetate Monomer (VAM) Market Size, By Value (USD Million), 2019–2029

Table 9        South India Vinyl Acetate Monomer (VAM) Market Size, By Product, By Value, 2019–2029

Table 10      South India Vinyl Acetate Monomer (VAM) Market Size, By End-user Industry, By Value, 2019–2029

Table 11      East India Vinyl Acetate Monomer (VAM) Market Size, By Value (USD Million), 2019–2029

Table 12      East India Vinyl Acetate Monomer (VAM) Market Size, By Product, By Value, 2019–2029

Table 13      East India Vinyl Acetate Monomer (VAM) Market Size, By End-user Industry, By Value, 2019–2029

Table 14      West India Vinyl Acetate Monomer (VAM) Market Size, By Value (USD Million), 2019–2029

Table 15      West India Vinyl Acetate Monomer (VAM) Market Size, By Product, By Value, 2019–2029

Table 16      West India Vinyl Acetate Monomer (VAM) Market Size, By End-user Industry, By Value, 2019–2029

Table 17      Celanese Corporation Company Overview

Table 18      Celanese Corporation Financial Overview

Table 19      LyondellBasell Industries Company Overview

Table 20      LyondellBasell Industries Financial Overview

Table 21      The Dow Chemical Company: Company Overview

Table 22      The Dow Chemical Company Financial Overview

Table 23      DuPont Company Overview

Table 24      DuPont Financial Overview

Table 25      Kuraray Company Overview

Table 26      Kuraray Financial Overview

Table 27      Ineos Company Overview

Table 28      Ineos Financial Overview

Table 29      Chang Chun Group Company Overview

Table 30      Chang Chun Group Financial Overview

Table 31      Dairen Chemical Corp Company Overview

Table 32      Dairen Chemical Corp Financial Overview

Table 33      Sinopec Company Overview

Table 34      Sinopec Financial Overview

Table 35      Sipchem Company Overview

Table 36      Sipchem Financial Overview