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Market fundamentals of Vinyl Acetate Monomer (VAM) in North America remained weighed up buoyed by strong values of feedstock acetic acid and series of plant outages in the Gulf coast region due to a wave of seasonal hurricanes. Since much of the US VAM is used for catering the global demand, abrupt outages and logistic concerns restricted the trading activities, thereby confining the export revenue of the region. As per Celanese Corporation, 10% quarterly increment in demand from its major importer China was registered but the gains were overshadowed by the consistent availability of material due to high production rates in the native country.

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Butyl Acetate supply across the Europe remained tight throughout the fourth quarter after the major producer BASF declared force majeure at one of its upstream n-Butanol (NBA) facilities due to unspecified technical problems at its production unit in Ludwigshafen, Germany. Strong pull from the downstream markets and tight production levels spurred the regional offers during Q4, which are anticipated to extend further gains even in the upcoming quarter.

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Europe’s sustaining activity in the construction and the packaging films sector propelled the regional demand for PVA in Q4. The product supply was heard affected by the production outages at some upstream units throughout the region and container shortages prompting high priced imports.

report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What’s more, the High Density Ethylene Vinyl Acetate (HEVA) industry development trends and marketing channels are analyzed.

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The European Union initiated the anti-dumping conquest over low priced imports of Chinese Polyvinyl Alcohol at the start of the quarter. The regional traders reported low inventory levels and spiked crude oil prices as the key reasons pushing up the price curve. Extending sharp feedstock rates to its customer, a leading European producer announced increment in the prices of Polyvinyl Alcohol by an average of USD 160 per MT in December.

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Ethyl Acetate Market has shown significant growth as it reached 3.2 million tonnes in 2020 and is projected to achieve a healthy global CAGR of 4.50% during the forecast period 2022-2030. Ethyl Acetate with the molecular formula C4H8O2 is an organic ester compound.

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Acetic acid, also known as ethanoic acid, is an organic compound with the chemical formula CH3COOH. It has a strong and sour vinegar-like smell.

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