Asia Pacific Vinyl Acetate Monomer Market Size & Outlook
The vinyl acetate monomer market in Asia Pacific is expected to reach a projected revenue of US$ 7,544.3 million by 2030. A compound annual growth rate of 5.8% is expected of Asia Pacific vinyl acetate monomer market from 2024 to 2030.
Revenue, 2023 (US$M)
$5,092.0
Forecast, 2030 (US$M)
$7,544.3
CAGR, 2024 - 2030
5.8%
Report Coverage
Asia Pacific
Asia Pacific vinyl acetate monomer market highlights
- The Asia Pacific vinyl acetate monomer market generated a revenue of USD 5,092.0 million in 2023.
- The market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, polyvinyl alcohol was the largest revenue generating application in 2023.
- Polyvinyl Alcohol is the most lucrative application segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 5,092.0 million |
| Market revenue in 2030 | USD 7,544.3 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Polyvinyl alcohol |
| Fastest growing segment | Polyvinyl Alcohol |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyvinyl Alcohol |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 47.9% of the global vinyl acetate monomer market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,544.3 million by 2030.
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Vinyl Acetate Monomer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Solventis | View profile | 51-100 | Guildford, Surrey, United Kingdom, Europe | https://www.solventis.net/ |
| Sipchem | View profile | 5001-10000 | Al Khobar, Ash Sharqiyah, Saudi Arabia, Asia | http://www.sipchem.com |
| Innospec Inc | View profile | 2400 | 8310 South Valley Highway, Suite 350, Englewood, CO, United States, 80112 | https://www.innospecinc.com |
| Sinopec Shanghai Petrochemical Co Ltd Class H | View profile | 7526 | No. 48 Jinyi Road, Jinshan District, Shanghai, China, People's Republic of, 200540 | http://www.sinopec.com |
| Celanese Corp Class A | View profile | 12410 | 222 West Las Colinas Boulevard, Suite 900N, Irving, TX, United States, 75039-5421 | https://www.celanese.com |
| Exxon Mobil Corp | View profile | 61500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | https://www.exxonmobil.com |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| Wacker Chemie AG | View profile | 16378 | Hanns-Seidel-Platz 4, Munich, BY, Germany, 81737 | https://www.wacker.com |
| Kuraray Co Ltd | View profile | 13161 | Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, Japan, 100-8115 | http://www.kuraray.co.jp |
| Arkema SA | View profile | 11039 | 420 rue d’Estienne d’Orves, Colombes, France, 92700 | https://www.arkema.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
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