The global market for VAM is likely to witness growth of 4-4.5% in next five years according to Marketbiz.com. Vinyl acetate monomer (VAM) is a crucial intermediate utilize in the production process of numerous polymers as well as resins for adhesives, coatings, films, textiles and some other end user products. It also finds application as adhesives for industrial coatings, metal, paper, paints, wood, and others. Vinyl acetate monomer finds application in the production of polyvinyl alcohol, ethylene vinyl acetate, vinyl acetate ethylene, ethylene vinyl alcohol and other products. Poly vinyl acetate and poly vinyl alcohol accounts for most of the demand for vinyl acetate monomer. Ethylene vinyl alcohol has high demand from industries such as packaging, polymer, and plastic bottling.