Vinyl acetate monomer supply tight, manufacturers take the opportunity to increase the price of new devices to step up construction
2022-02-14
According to a new research report from SRI Consulting, as the demand for the market has grown, the operating rate of global Vinyl Acetate Monomer (VAM) devices has risen to 85% from 83% two years ago. Demand for VAM is still strong this year, but due to insufficient supply of Acetic Acid raw materials, the VAM plant operating rate has been limited, resulting in lower inventory levels. In this case, North American producers took the opportunity to raise prices by 7% to 8%, Rubber And Plastic and some producers are seeking opportunities to raise prices again. Analysts said that in the next few years, the global VAM market looks promising. Experts predict that the global VAM Eva Resin market demand before 2009 is expected to grow at an average annual rate of 2.9% to 3.2%. As most of the consumption areas are relatively mature, the fastest growing demand for VAM in the next five years will be ethylene-vinyl alcohol copolymer resin (EVOH), which is expected to increase at an average annual rate of 7%, but this will not generate too much demand for VAM. Big impact because EVOH accounts for less than 6% of total VAM demand. As the market supply has shown signs of tightening, some manufacturers have planned to expand VAM in the coming years. Celanese has recently agreed to acquire Acetex, a world-famous acetic acid producer, Eva Granlues and will continue to promote 275,000 tons/year of the Acetate-based complex jointly invested by Saudi National Petrochemical Industry Company in Saudi Al Jubail. Year VAM device project. The Ethylene-Vinyl Acetate acquisition is currently undergoing an antitrust investigation by the EU Executive Committee. Dalian Chemical Industry Co., Ltd., located in Taipei, China, also built a 350,000-ton/year VAM production facility in Maitai, Taiwan, China. It is expected to Pvc Resin be completed and put into operation in October next year. Saudi Arabian International Petrochemical Company plans to build a new 300,000-ton/year VAM production unit in the Al-Jubail Acetate-based complex project in Saudi Arabia. It is expected to start production from 2008 to 2009. China Shandong Yankuang Lunan Fertilizer Plant is planning to build a 200,000-ton/year VAM production plant, which is expected to be completed and put into operation in 2007. Vinyl acetate monomer is very versatile and can be used in the production of coatings, adhesives, textiles, paper, films, and chewing gum. It can also be polymerized into polyvinyl acetate, polyvinyl alcohol, polyvinyl acetal compounds, and vinyl. - Various polymers such as vinyl acetate copolymers, vinyl chloride-vinyl acetate copolymers, and propylene-vinyl acetate copolymers.
