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Ethylene Vinyl Acetate Market: By Type, By Application, By End User, and Geography
Ethylene Vinyl Acetate Market: By Type, By Application, By End User, and Geography
Ethylene Vinyl Acetate Market size was valued at US$ 11,253.5 million in 2023 and is expected to grow at a CAGR of 7.9% from 2024 to 2030. Ethylene-vinyl acetate (EVA) resins are referred to as manufacturers using vinyl acetate and ethylene. They are utilized in the production of foam, wire & cable, packaging film, hot melt adhesives, and solar cell encapsulation and consist of 18.40% vinyl acetate. EVA resins are widely used in the paper packaging industries, owing to their properties such as low sealing temperature and improved flexibility.
Ethylene vinyl acetate (EVA), also known as poly (ethylene-vinyl acetate) (PEVA), is a copolymer that is produced by the copolymerization of ethylene and vinyl acetate monomers. EVA is a flexible polymer with great features including flexibility, hardness, low-temperature resistance, and UV resistance. It's widely employed in a variety of sectors, including packaging, automotive, footwear, construction, electronics, and others. The drivers influencing the EVA industry market include the increased demand for EVA in the packaging sector is one of the primary factors.
EVA is widely used in food packaging, medicinal packaging, and agricultural films as a film and sheet material. It is appropriate for a wide range of packaging applications due to its exceptional clarity, flexibility, and heat-sealing qualities. Another driver of the EVA industry market is the increasing demand for EVA in the footwear industry. EVA is commonly used in the production of shoe soles, midsoles, and insoles due to its cushioning, shock-absorbing, and lightweight properties. Furthermore, EVA has diverse applications in emerging biomedical engineering as a drug delivery device, such as transdermal drug delivery systems and drug carriers for 3D printed medical drug delivery devices, which drive the EVA market's growth while also creating opportunities for future growth.
However, environmental concerns associated with the disposal of EVA waste and its non-biodegradable nature pose challenges for the EVA industry market. The key market players are continuously developing innovative solutions to cater the demand of various end-use industries. For instance, in May 2018, Braskem launched Evance, high-performance resins, that can be used by footwear, automotive, construction, transportation, sporting goods, wire and cable and other industries.
Study Period
2024-2030Base Year
2023CAGR
7.9%Largest Market
Asia PacificFastest Growing Market
North-America
The rising demand for EVA in the medical and food packaging industry, owing to its non-toxic nature, and the growth of solar photovoltaics around the world are burgeoning the market growth over the forecast years. EVA finds a wide range of applications in injection molding, film, extrusion coating other extrusions and other non-extrusions, compounding and wire & cables, others. Films segment is expected to boom the market growth. Films finds a leading position in the global EVA market. This can be attributed owing to the growing demand of film in major industries, specifically, pharmaceutical, packaging, solar energy, footwear, agriculture, and other sectors. This is further followed by compounding and wire & cable which is appraised to be the leading application for the EVA market owing to its exceptional features such as excellent adhesion, greater solubility in organic solvents, flexibility and elasticity, good low temperature resistance, good compatibility. Considering the properties of EVA insulated cables, they are predominantly used in the power and telecommunication sectors.
Asia-Pacific, is considered to be leading market for EVA and is likewise expected to record a stable growth, during the forecast period. Growing demand from various industries like pharmaceuticals, agriculture, footwear & foam, packaging, and other in this region is fueling the EVA market growth. Infrastructural development in addition to increasing demand for hot-melt adhesives, injection molded parts, extrusion coatings, films, and other is further expected to augment the EVA market growth in this region. Increasing manufacturing and industrial base provides a huge market opportunity for manufacturers in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 11,253.5 million |
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Market CAGR |
7.9% |
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By Type |
|
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By Application |
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By End User |
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The ethylene vinyl acetate market size was valued at US$ 11,253.5 million in 2023
The ethylene vinyl acetate market key players are: Arlanxeo Braskem Clariant AG Dow Kemipex Repsol Sipchem SK Global Innospec Inc. Tosoh Corporation Celanese Corporation Asia Polymer Corporation Benson Polymers Limited ExxonMobil Corporation Sumitomo Chemical Co. Ltd LyondellBasell Industries Holdings BV Hanwha Solutions/Chemical Corporation
The ethylene vinyl acetate market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Ethylene Vinyl Acetate Market Introduction |
| 2.1.Global Ethylene Vinyl Acetate Market - Taxonomy |
| 2.2.Global Ethylene Vinyl Acetate Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.End Users |
| 2.2.4.Region |
| 3. Global Ethylene Vinyl Acetate Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Ethylene Vinyl Acetate Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Ethylene Vinyl Acetate Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. VLEVA |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. LEVA |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. MEVA |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. HEVA |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Ethylene Vinyl Acetate Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Injection molding |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Film |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Extrusion coating other extrusions and other non-extrusions |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Compounding and wire & cables |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Ethylene Vinyl Acetate Market By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Footwear & foams |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Packaging |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Agriculture |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Pharmaceutical |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Photovoltaic panels |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Others |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 8. Global Ethylene Vinyl Acetate Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Ethylene Vinyl Acetate Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.VLEVA |
| 9.1.2.LEVA |
| 9.1.3.MEVA |
| 9.1.4.HEVA |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Injection molding |
| 9.2.2.Film |
| 9.2.3.Extrusion coating other extrusions and other non-extrusions |
| 9.2.4.Compounding and wire & cables |
| 9.2.5.Others |
| 9.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Footwear & foams |
| 9.3.2.Packaging |
| 9.3.3.Agriculture |
| 9.3.4.Pharmaceutical |
| 9.3.5.Photovoltaic panels |
| 9.3.6.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Ethylene Vinyl Acetate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.VLEVA |
| 10.1.2.LEVA |
| 10.1.3.MEVA |
| 10.1.4.HEVA |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Injection molding |
| 10.2.2.Film |
| 10.2.3.Extrusion coating other extrusions and other non-extrusions |
| 10.2.4.Compounding and wire & cables |
| 10.2.5.Others |
| 10.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Footwear & foams |
| 10.3.2.Packaging |
| 10.3.3.Agriculture |
| 10.3.4.Pharmaceutical |
| 10.3.5.Photovoltaic panels |
| 10.3.6.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Ethylene Vinyl Acetate Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.VLEVA |
| 11.1.2.LEVA |
| 11.1.3.MEVA |
| 11.1.4.HEVA |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Injection molding |
| 11.2.2.Film |
| 11.2.3.Extrusion coating other extrusions and other non-extrusions |
| 11.2.4.Compounding and wire & cables |
| 11.2.5.Others |
| 11.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Footwear & foams |
| 11.3.2.Packaging |
| 11.3.3.Agriculture |
| 11.3.4.Pharmaceutical |
| 11.3.5.Photovoltaic panels |
| 11.3.6.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Ethylene Vinyl Acetate Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.VLEVA |
| 12.1.2.LEVA |
| 12.1.3.MEVA |
| 12.1.4.HEVA |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Injection molding |
| 12.2.2.Film |
| 12.2.3.Extrusion coating other extrusions and other non-extrusions |
| 12.2.4.Compounding and wire & cables |
| 12.2.5.Others |
| 12.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Footwear & foams |
| 12.3.2.Packaging |
| 12.3.3.Agriculture |
| 12.3.4.Pharmaceutical |
| 12.3.5.Photovoltaic panels |
| 12.3.6.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Ethylene Vinyl Acetate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.VLEVA |
| 13.1.2.LEVA |
| 13.1.3.MEVA |
| 13.1.4.HEVA |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Injection molding |
| 13.2.2.Film |
| 13.2.3.Extrusion coating other extrusions and other non-extrusions |
| 13.2.4.Compounding and wire & cables |
| 13.2.5.Others |
| 13.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Footwear & foams |
| 13.3.2.Packaging |
| 13.3.3.Agriculture |
| 13.3.4.Pharmaceutical |
| 13.3.5.Photovoltaic panels |
| 13.3.6.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Arlanxeo |
| 14.2.2.Braskem |
| 14.2.3.Clariant AG |
| 14.2.4.Dow |
| 14.2.5.Kemipex |
| 14.2.6.Repsol |
| 14.2.7.Sipchem |
| 14.2.8.SK Global |
| 14.2.9.Innospec Inc. |
| 14.2.10.Tosoh Corporation |
| 14.2.11.Celanese Corporation |
| 14.2.12.Asia Polymer Corporation |
| 14.2.13.Benson Polymers Limited |
| 14.2.14.ExxonMobil Corporation |
| 14.2.15.Sumitomo Chemical Co. Ltd |
| 14.2.16.LyondellBasell Industries Holdings BV |
| 14.2.17.Hanwha Solutions/Chemical Corporation |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.