Ethylene Vinyl Alcohol Copolymer (EVOH) Market Size, Share, Growth, Trends, and Global Industry Analysis: By Grade (Standard Grade and Specialty Grade), By Application (Packaging, Films & Sheets, Fuel Tanks & Containers, Pipes & Tubes, and Others), By End-use Industry (Food & Beverages, Agricultural, Automotive, Cosmetics, Pharmaceuticals, Construction, and Others), and Region Forecast 2019-2030

Ethylene Vinyl Alcohol Copolymer (EVOH) Market size was valued at US$ 862.6 million in 2023 and is Poised to grow at a CAGR of 5.4% from 2024-2030. Ethylene Vinyl alcohol copolymer or EVOH is a crystal clear, flexible, and glossy thermoplastic copolymer with exceptional resistance to flex-crack, and very high resistance to oils, hydrocarbons, and organic solvents. It also has some of the finest barrier properties to gases such as nitrogen, oxygen, and carbon dioxide making it particularly suitable for packaging of drugs, food, cosmetics, and other delicate or perishable products to encompass shelf life. In comparison with numerous other common films, EVOH has higher barrier properties.

Moreover, EVOH drops its good gas barrier properties when it is exposed to moisture. For this purpose and to optimize both performance and cost, it is regularly used in co-extruded, multilayer films like PP, HDPE, and PET, which have greater properties for a moisture barrier. The fluctuating consumer preference toward flexible packaging paper can lead to the market growth. Moreover, the sustainable and customer-friendly nature of EVOH packaging films and the widespread barrier and antistatic properties of EVOH packaging films are some primary factors that can boost the market growth.

However, some factors such as the accessibility of substitutes which persuaded the consumers, and poor adhesion features of EVOH resins can restrain the growth of the market. The vulnerability to deprivation of high-barrier films and EVOH drops of its decent gas barrier properties when visible to humidity can hinder market growth. The growing consumer inclination towards sustainable and green packaging and increasing demand for advanced packaging solutions in the food and beverage industry can create an opportunity for the growth of the global market share.  

Ethylene Vinyl Alcohol Copolymer Market Key Developments

• In February 2022, Arkema acquired Ashlands Performance Adhesives business, which will bring more opportunity for the company and increases its market growth.
• In April 2022, Kuraray Co., Ltd was included in the ESG (environmental, social and governance) investment indexes: FTSE Blossom Japan Sector Relative Index designed by the global index provider FTSE Russell.