India Vinyl Acetate Market (2025-2031) Outlook | Forecast, Analysis, Trends, Growth, Industry, Revenue, Companies, Size, Share & Value

India Vinyl Acetate Market Synopsis

The India vinyl acetate market stood at US$ 845.10 million in 2017 and is projected to register a CAGR of 6.3% over the forecast period. The major driver for the growth of this market includes growing demand from downstream industries such as paints & coatings, adhesives, construction chemicals and paper & packaging applications. Moreover, increasing demand for lightweight materials has also driven the demand for vinyl acetate monomer in India.

Market Drivers of the market

The India vinyl acetate market is driven by the robust growth of end-use industries such as adhesives, paints, coatings, and textiles. Vinyl acetate, a key chemical intermediate, is extensively used in the production of polyvinyl acetate (PVA) adhesives, which find applications in the construction and packaging industries. The growth of the construction sector, driven by infrastructure development and real estate projects, has led to an increased demand for vinyl acetate-based adhesives for various bonding applications. Moreover, the automotive and consumer goods industries utilize vinyl acetate-based coatings for enhancing the appearance and protection of their products. In the textile industry, vinyl acetate is used in textile auxiliaries and coatings, contributing to the market`s expansion. The versatility and wide range of applications for vinyl acetate in diverse industries make it a vital chemical compound driving growth in the India market.

Challenges of the Market

The India vinyl acetate market confronts challenges related to raw material availability and price volatility. Ethylene, a key raw material used in vinyl acetate production, is subject to fluctuations in pricing, which can impact the cost of vinyl acetate products. Ensuring a stable and consistent supply of raw materials is crucial for manufacturers to maintain competitiveness and market stability. Additionally, the increasing environmental concerns surrounding volatile organic compounds (VOCs) pose a challenge for the vinyl acetate market. VOC emissions from vinyl acetate-based products can contribute to air pollution and environmental degradation. As a result, there is a growing need for developing low-VOC or eco-friendly alternatives to traditional vinyl acetate formulations.

Covid-19 Impact on the Market

The India vinyl acetate market experienced a mixed impact due to the COVID-19 pandemic. The demand for vinyl acetate-based products, such as adhesives and coatings, was affected by the slowdown in various end-use industries during lockdowns. Construction activities, automotive production, and industrial manufacturing were temporarily halted, leading to decreased demand for vinyl acetate products. However, the market also witnessed opportunities as vinyl acetate-based products found applications in the healthcare sector during the pandemic. Vinyl acetate ethylene copolymer powder, for instance, was used in medical adhesives for wound dressings and medical tapes, which saw increased demand during the pandemic. The healthcare and hygiene sectors provided some resilience to the market during challenging times.

Key Players of the Market

The India vinyl acetate market features major chemical companies involved in the production and distribution of vinyl acetate. Some key players include Wacker Chemie AG, Celanese Corporation, and Sinopec Group. These companies are known for their comprehensive portfolios of vinyl acetate-based products, including resins, adhesives, and coatings. They cater to various industries such as construction, automotive, and textiles. Additionally, several regional players contribute to the market, providing vinyl acetate products to meet specific customer demands.

Key Highlights of the Report:

• India Vinyl Acetate Market Outlook
• Market Size of India Vinyl Acetate Market, 2024
• Forecast of India Vinyl Acetate Market, 2031
• Historical Data and Forecast of India Vinyl Acetate Revenues & Volume for the Period 2021-2031
• India Vinyl Acetate Market Trend Evolution
• India Vinyl Acetate Market Drivers and Challenges
• India Vinyl Acetate Price Trends
• India Vinyl Acetate Porter's Five Forces
• India Vinyl Acetate Industry Life Cycle
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Polyvinyl Acetate for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Polyvinyl Alcohol for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Polyvinyl Butyral for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Ethylene Vinyl Alcohol for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Vinyl Chloride-Vinyl Acetate Copolymer for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Polyvinyl Formal for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Solar Panels for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Safety Glass Sheet for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Paints and Coatings for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Adhesives for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Textile for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Films for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Injection Molded Parts for the Period 2021-2031
• Historical Data and Forecast of India Vinyl Acetate Market Revenues & Volume By Others for the Period 2021-2031
• India Vinyl Acetate Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• India Vinyl Acetate Top Companies Market Share
• India Vinyl Acetate Competitive Benchmarking By Technical and Operational Parameters
• India Vinyl Acetate Company Profiles
• India Vinyl Acetate Key Strategic Recommendations