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Join date: Nov 25, 2021
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The Vinyl Acetate Market is anticipated to register a CAGR of more than 4% during the forecast period. The increasing use of vinyl acetate products in the solar power-generation industry is also likely to stimulate market growth. The use of solar cells has constantly been increasing worldwide. With increasing government support, the new installation capacity of solar photovoltaic cells is increasing rapidly around the world from the past decade. The United States is the second-largest PV market after China. According to the Solar Energy Industries Association (SEIA), the solar industry generated USD 17 billion investment in the American economy. Therefore, the aforementioned factors are expected to increase the usage of solar energy, in turn, increasing the demand for vinyl acetate during the forecast period.

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