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Vinyl Acetate Monomer (VAM) Market The Vinyl Acetate Monomer Market is estimated to be valued at US$ 9.35 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Vinyl acetate monomer (VAM) is used mainly in the production of polyvinyl acetate and ethylene vinyl acetate copolymers. Polyvinyl acetate is used in the production of adhesives and emulsions for wood coating, wallpaper and paper coating. Ethylene vinyl acetate is used in the production of films for food packaging and hot melt adhesives. VAM provides advantages like flexibility, durability and resistance to moisture and chemicals to the products. Growing demand from industries like building and construction, packaging and transportation is driving the VAM market. Market key trends: One of the key trends driving growth in the VAM market is rising demand from the adhesives industry. Adhesives containing VA

Biopolymers Market Market Overview: The Biopolymers Market is estimated to be valued at US$ 13,458.2 Mn in 2023 and is expected to exhibit a CAGR of 13.8% over the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights. Biopolymers are polymers produced from renewable sources such as plants, algae, and microorganisms. These materials are eco-friendly and biodegradable, making them a sustainable alternative to traditional plastics. Biopolymers find applications across various industries, including packaging, automotive, textiles, and agriculture. They offer excellent mechanical properties, improved thermal stability, and reduced carbon footprint, driving their demand in the market. Market Dynamics: The global biopolymers market is primarily driven by the growing environmental concerns and increasing focus on sustainable materials. Governments and regulatory bodies across the globe are implementing stringent regulations to reduce plastic was

  Purging Compound Market The Global Purging Compound Market is estimated to be valued at US$ 450.7 million in 2017 and is expected to exhibit a CAGR of 5.4% over the forecast period 2017-2022, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Purging compounds are used to clean and remove resins, colorants, and other contaminants from extruder barrels and molds. These compounds help in reducing downtime and increasing productivity in various industries such as automotive, packaging, consumer goods, and electronics. Purging compounds are used in the form of a regrind or concentrate and can be easily processed into plastics without causing any damage to the final product. They are also used to remove carbon deposits and eliminate material degradation, resulting in improved product quality. B) Market Dynamics: The purging compound market is driven by two main factors. Firstly, the growing demand for high-quality plastic products in various i

  Petroleum Resins Market The global Petroleum Resins Market is estimated to be valued at US$ 3149.18 Mn in 2021 and is expected to exhibit a CAGR of 8.35% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. Petroleum resins are low molecular weight hydrocarbon resins that are derived from petroleum feedstocks. These resins find applications in various industries such as adhesives and sealants, paints and coatings, rubber compounding, and others. Market Dynamics: The Global Petroleum Resins Market is driven by two major factors: the growing demand for adhesives and sealants and the increasing use of petroleum resins in the paints and coatings industry. 1. Growing Demand for Adhesives and Sealants: The adhesives and sealants industry is experiencing significant growth due to the rising demand from various end-use sectors such as construction, packaging, automotive, and woodworking. Petroleum resins are widely used as tackifiers