Ethylene Vinyl Acetate Market Forecasts to 2028 – Global Analysis By Type (High Density, Medium Density, Low Density and Very Low Density), Form, Application, End User and By Geography
According to Stratistics MRC, the Global Ethylene Vinyl Acetate Market is accounted for $9.71 billion in 2020 and is expected to reach $14.90 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Significant growth in solar power industry, huge economic growth and increasing demand from packaging industry are driving the market growth. However, intervention of substitute materials is hampering the growth of the market.
Ethylene vinyl acetate (EVA) is formed by the copolymerization of ethylene and vinyl acetate and has brilliant properties of toughness. When transformed into a porous material, EVA acts similar to rubber due to its property of elasticity. Compared with low-density polyethylene (LDPE), EVA is three times more flexible. This material has various properties, such as good barrier properties, ultraviolet radiation resistance, low-temperature toughness, stress-crack resistance and hot-melt adhesive waterproof properties.
Based on the application, the films manufacturing segment is going to have lucrative growth during the forecast period due to rising awareness about the use of solar energy, which is enhancing the demand for EVA film in photovoltaic cells. The demand for ethylene vinyl acetate for film is likely to experience considerable growth in the forecast period due its growing demand in the areas of solar photovoltaic cells, packaging, and agriculture.
By geography, Asia Pacific is going to have high growth during the forecast period owing to the growth in the various end use industries, such as solar photovoltaic cells, packaging, footwear and wire & cable. China is the largest market for ethylene vinyl acetate due to its high consumption in footwear, solar, automotive, and wire & cable supported by the high domestic demand.
Some of the key players profiled in the Ethylene Vinyl Acetate Market include Arkema, Asia Polymer, BASF SE, Braskem, Bridgestone, Celanese, Dow, ExxonMobil, Formosa Plastics, Hanwha Chemical, Innospec, LyondellBasell, Repsol, Sumitomo Chemical and Versalis.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs& Figures
Type, Form, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• High Density Ethylene Vinyl Acetate
• Medium Density Ethylene Vinyl Acetate
• Low Density Ethylene Vinyl Acetate
• Very Low Density Ethylene Vinyl Acetate
• Compounding and Wire & Cables
• Extrusion Coating
• Films Manufacturing
• Hot Melt Adhesives
• Injection Molding
• Medical Tubing
• Non-Extrusion Manufacturing
• Photovoltaic Panels
• Solar Cell Encapsulation
End Users Covered:
• Paints, Coatings, and Adhesives
• Electronics & Electrical
• Flexible Hose Manufacturing
• Footwear & Foam
• Medical & Healthcare
• Packaging & Paper
• Renewable Energy
• Sports Goods
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Ethylene Vinyl Acetate Market is majorly driven by significant growth in consumer electronics, huge rise in economic standards and increasing demand from packaging industry.
The medium density ethylene vinyl acetate segment is growing at a highest CAGR owing to its extraordinary characteristics and wide spectrum of applications in all the major industries.
Europe dominated with a significant market share due to the factors such as growth of the major end-use industries, such as packaging, consumer goods, medical & healthcare, and automotive, on account of combined economic effects due to the pandemic.
Asia Pacific market is growing at a highest CAGR owing to factors such as growth in the various end use industries, such as solar photovoltaic cells, packaging, footwear and wire & cable.
Key players in Ethylene Vinyl Acetate Market include Arkema, Asia Polymer, BASF SE, Braskem, Bridgestone, Celanese, Dow, ExxonMobil, Formosa Plastics, Hanwha Chemical, Innospec, LyondellBasell, Repsol, Sumitomo Chemical and Versalis.
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