Bulgaria, August 13,2019- The European vinyl acetate market was equal to 1.057 million tons in 2013. The largest country market within the region was Germany, which in 2013 accounted for a share of 42% of the total in volume terms. Until 2023, the European market is forecast to reach around 1.2 million tons, thus growing at a CAGR of about 0.2% per annum in the period 2018-2023. This is a slight slowdown, compared to the growth at a CAGR of around 2.6% per year, registered in 2013-2017.
The European production of vinyl acetate is likely to grow to around 450 thousand tons in the medium term. However, flat dynamics of the overall installed production capacities in the region are expected. Their annual average utilization rates are projected to increase. In addition, the market is forecast to remain relatively unbalanced in terms of supply and demand, also showing moderately upwards dynamics in the medium term.
Vinyl acetate is highly dependent on the development of end-use markets such as construction sector, automotive manufacturing, furniture production, paints and coatings industry, and others. Another important trend on the vinyl acetate market is linked with the emerging application of its derivatives in the solar power generation industry. In particular, the EVA based films serve as effective moisture barriers and have electrical insulation properties. Another main trend on the market is connected with the growing demand for lighter weight packaging. In fact, polyvinyl acetate coating binders provide stiffness, which gives paperboard manufacturers an opportunity to reduce basis weight without hurting a carton’s primary function namely product protection. In addition, due to the good performance of EVA foam, it is typically used for the production of shoe cushions. Therefore, the increasing demand for sports shoes has been positively influencing the overall vinyl acetate market over the past few years.
The insights are from a recently published report about the European vinyl acetate market. As an overall, the report presents a strategic analysis of the vinyl acetate market in Europe and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, production capacities, trends, prices, production, imports, exports, growth and demand drivers, and all other important factors, influencing its development. The report focuses on both product and country breakdown, offering a larger perspective on the regional market dynamics as well as information on each individual country within the region.
The research report has been prepared using the unique Williams and Marshall Strategy’s methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. This report will allow its readers to quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market and to track market data, including size, value, segmentation, forecasts, dynamics and structure – past, present and future. In addition, the readers will be able to strategically assess the competitive position of the main market players, explore and identify new market opportunities in the countries within the region, recognize key market trends, opportunities and threats and key drivers behind recent market changes as well as strategically evaluate market growth potential.
The report includes information on the following companies:
• Celanese;
• Wacker Chemie.
