Ethylene Vinyl Acetate Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Ethylene Vinyl Acetate Market: By Type (VLEVA, LEVA, MEVA, HEVA), By Application (Injection Molding, Film, Extrusion Coating Other Extrusions And Other Non-Extrusions, Compounding And Wire & Cables, Others), By End User (Footwear & Foams, Packaging, Agriculture, Pharmaceutical, Photovoltaic Panels, Others), and Geography

 

 

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Report

Description

Ethylene Vinyl Acetate Market size is valued at USD 10,253.5 million in 2021 and is expected to grow at a CAGR of 6.9% during the forecast period 2022 to 2028. 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. The global market provides a detailed overview of the market and that can be segmented by type, by application, and by End-user. By type, the Ethylene Vinyl Acetate market growth has been segmented into VLEVA, LEVA, MEVA, and HEVA. The LEVA segment is likely to be the significant growing segment in terms of type. Based on application, the Ethylene Vinyl Acetate market is segmented into Injection Molding, Film, Extrusion Coating, Other Extrusions and Other Non-Extrusions, Compounding wire and & Cables, and Others. Among these, the Injection Molding application segment is expected to have a significantly growing market during the forecast period 2022-2028. Based on the End user, the Ethylene Vinyl Acetate market is segmented into Footwear & Foams, Packaging, Agriculture, pharmaceuticals, Photovoltaic Panels, and Others. The Photovoltaic Panels segment is expected to have a significant share in 2021. The rise of this segment is mainly because of the growing need for clean energy in both private and public infrastructures. The generation of energy from photovoltaic cells is anticipated to increase during the forecasting years. These factors are likely to boost product demand in the photovoltaic cell market over the forecast period. By region, the Asia Pacific market is expected to witness the highest market share during the forecast period.

Key Development:

In August 2021, Braskem S.A. launched HD1954M, which is a novel HDPE resin

In February 2021, Braskem S.A. launched a new line of ethylene vinyl acetate clogs of Dansko Kane.

Ethylene Vinyl Acetate Market

MARKET SUMMARY
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6.9%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.9%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North-America

Ethylene Vinyl Acetate Market

  • The global ethylene vinyl acetate market report gives comprehensive outlook on Ethyl Vinyl Acetate Market across the globe with special emphasis on key regions such as Asia Pacific, North America, Europe, Latin America, and Middle East and Africa.
  • The report on global ethylene vinyl acetate market gives historical, current, and future market sizes (US$ Mn) on the basis of type, end-user and Region.
key players
  • Sipchem
  • SK Global
  • Innospec Inc.
  • Tosoh Corporation
  • Celanese Corporation
Ethylene Vinyl Acetate Market Drivers

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.


Asia Pacific got significant share

Ethylene Vinyl Acetate Market

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The ethylene vinyl acetate market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market.

 

Ethylene Vinyl Acetate Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

Growing demand for EVA in the medical business and growth of the solar industry.

The increasing Asia Pacific medical & healthcare industry is likely to drive the need of, specialized medical-grade containers, medical equipment, and various other products.

Rise in danger of substitutes and growing concerns related with use of EVA in packaging of photovoltaic.

In July 2022, ICIS launched European EVA price valuation due to increasing volality in prices of raw materials


Report

Company Profile

  • 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

Description

Ethylene Vinyl Acetate Market size is valued at USD 10,253.5 million in 2021 and is expected to grow at a CAGR of 6.9% during the forecast period 2022 to 2028. 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. The global market provides a detailed overview of the market and that can be segmented by type, by application, and by End-user. By type, the Ethylene Vinyl Acetate market growth has been segmented into VLEVA, LEVA, MEVA, and HEVA. The LEVA segment is likely to be the significant growing segment in terms of type. Based on application, the Ethylene Vinyl Acetate market is segmented into Injection Molding, Film, Extrusion Coating, Other Extrusions and Other Non-Extrusions, Compounding wire and & Cables, and Others. Among these, the Injection Molding application segment is expected to have a significantly growing market during the forecast period 2022-2028. Based on the End user, the Ethylene Vinyl Acetate market is segmented into Footwear & Foams, Packaging, Agriculture, pharmaceuticals, Photovoltaic Panels, and Others. The Photovoltaic Panels segment is expected to have a significant share in 2021. The rise of this segment is mainly because of the growing need for clean energy in both private and public infrastructures. The generation of energy from photovoltaic cells is anticipated to increase during the forecasting years. These factors are likely to boost product demand in the photovoltaic cell market over the forecast period. By region, the Asia Pacific market is expected to witness the highest market share during the forecast period.

Key Development:

In August 2021, Braskem S.A. launched HD1954M, which is a novel HDPE resin

In February 2021, Braskem S.A. launched a new line of ethylene vinyl acetate clogs of Dansko Kane.

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