Ethylene Vinyl Acetate Market Overview
The size of the global Ethylene Vinyl Acetate (EVA) market was estimated at USD 1,4.0.71 million in 2021, and from 2023 to 2030, it is predicted to increase at a CAGR of 5.01%.
Besides, there are a large style of applications of ethene vinyl acetate (EVA) as foams in footwear, hockey pads, self-defense gloves, and other sports product because of its damper property. several footwear companies are advertising EVA-based compression-molded foam to manufacture shoes and floats. The demand for ethene vinyl acetate (EVA) within the footwear trade is anticipated to extend within the forecast years. EVA slippers, shoes and sandals are gaining quality because it is light-weight, odorless and cheaper than its alternatives.
The demand within the adhesive trade has seen growth because of the high demand in packaging, textile, coated paper, and handicraft films. With the rising awareness regarding renewable energy resources, the demand for ethene vinyl acetate (EVA) in alternative energy generation has increased. ethene vinyl acetate is employed for the producing of star cells within the method of encapsulation. EVA is employed as associate encapsulation material for crystalline semiconducting material star cells within the manufacture of electrical phenomenon modules. The makers offer EVA to solar battery makers that square measure accustomed turn out electric cell modules etc. because the demand for alternative energy systems has been increasing and is anticipated to extend within the forecast years, the demand for ethene vinyl acetate (EVA) in Renewable Energy trade is anticipated to extend within the forecast years. High VA content EVA is employed during this application. many makers according higher capability utilization and a powerful boost in demand for EVA from the footwear and packaging applications. With the expansion of e-commerce throughout the COVID-19 pandemic, the packaging trade experiences associate accelerated growth, that absolutely compact the EVA market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Grade ,Application and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | ExxonMobil Corporation,,Dow Inc.,SIPCHEM,,Formosa Plastics Corporation,Hanwha Total Petrochemical,Arlanxeo,,Benson Polymers Limited,,Braskem, Celanese Corporation,,Asia Polymer Corporation,Clariant AG, Dow,Innospec Inc.,,LyondellBasell Industries Holdings BV,,Repsol,SK Global,,Sumitomo Chemical Co. Ltd,,Tosoh Corporation |
The covid-19 Impact on Ethylene Vinyl Acetate Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Ethylene Vinyl Acetate Market Segment Overview
By Grade, High density EVA accounted for the most important share in 2020 ,Extruded sheets are calculable to be the largest kind of EVA. this is often due to its blessings, that include clarity, good surface quality, vary of colours, easy maintenance, surface hardness, light-weight, and easy fabrication.
By Application ,Film application accounted for the largest share in 2020 ,Ethylene Vinyl Acetate (EVA) EVA with 6 June 1944 – 100% vinyl acetate content is commercially used for film applications. Films manufactured using EVA copolymers became the foremost widespread due to their properties, like lower temperature, higher transparency, high impact resistance, thermal stability, elasticity, and hygienic characteristics
Market Analysis, Insights and Forecast – By Grade
· Low Density
· Medium Density
· High Density
Market Analysis, Insights and Forecast – By Application Areas
· Films
· Adhesives
· Foams
· Solar Cell Encapsulation
· Other Applications
Ethylene Vinyl Acetate Market Regional Overview
Region-wise, in terms of regions, APAC is estimated to be the largest market for EVA . The market within the region is primarily driven by the rising demand for durable plastic products from the footwears, pharmaceuticals, and photovoltaic panels segments.
Ethylene Vinyl Acetate Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Ethylene Vinyl Acetate Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Ethylene Vinyl Acetate are highlighted below.
· In 2020, Hanwha Chemical merged with Hanwha Q CELLS and Advanced Materials and got renamed as Hanwha Solution.
Ethylene Vinyl Acetate Market, Key Players
· ExxonMobil Corporation,
· Dow Inc.
· SIPCHEM,
· Formosa Plastics Corporation
· Hanwha Total Petrochemical
· Arlanxeo,
· Benson Polymers Limited,
· Braskem, Celanese Corporation,
· Asia Polymer Corporation
· Clariant AG, Dow
· Innospec Inc.,
· LyondellBasell Industries Holdings BV,
· Repsol
· SK Global,
· Sumitomo Chemical Co. Ltd,
· Tosoh Corporation
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Ethylene Vinyl Acetate market during the forecast period?
Ethylene Vinyl Acetate market is expected to record a CAGR of ~ 5.01% during the forecast period.
Q2. Which segment is projected to hold the largest share in the Ethylene Vinyl Acetate Market?
Film segment is projected to hold the largest share in the Ethylene Vinyl Acetate Market.
Q3. What are the driving factors for the Ethylene Vinyl Acetate market?
The demand for ethene vinyl acetate (EVA) within the footwear and adhesive is key factors that boost the growth of the Ethylene Vinyl Acetate market progressively
Q4. Which Segments are covered in the Ethylene Vinyl Acetate market report?
Grade and Application, and Region, these segments are covered in the Ethylene Vinyl Acetate market report.
Q5. Which are the prominent players offering Ethylene Vinyl Acetate ?
ExxonMobil Corporation, Dow Inc. SIPCHEM , Formosa Plastics Corporation, Hanwha Total Petrochemical.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Ethylene Vinyl Acetate Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Grade
- 5.2.1. •Low Density
- 5.2.2. •Medium Density
- 5.2.3. •High Density
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. •Films
- 5.3.2. •Adhesives
- 5.3.3. •Foams
- 5.3.4. •Solar Cell Encapsulation
- 5.3.5. •Other Applications
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Ethylene Vinyl Acetate Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Grade
- 6.2.1. •Low Density
- 6.2.2. •Medium Density
- 6.2.3. •High Density
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. •Films
- 6.3.2. •Adhesives
- 6.3.3. •Foams
- 6.3.4. •Solar Cell Encapsulation
- 6.3.5. •Other Applications
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Ethylene Vinyl Acetate Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Grade
- 7.2.1. •Low Density
- 7.2.2. •Medium Density
- 7.2.3. •High Density
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. •Films
- 7.3.2. •Adhesives
- 7.3.3. •Foams
- 7.3.4. •Solar Cell Encapsulation
- 7.3.5. •Other Applications
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Ethylene Vinyl Acetate Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Grade
- 8.2.1. •Low Density
- 8.2.2. •Medium Density
- 8.2.3. •High Density
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. •Films
- 8.3.2. •Adhesives
- 8.3.3. •Foams
- 8.3.4. •Solar Cell Encapsulation
- 8.3.5. •Other Applications
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Ethylene Vinyl Acetate Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Grade
- 9.2.1. •Low Density
- 9.2.2. •Medium Density
- 9.2.3. •High Density
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. •Films
- 9.3.2. •Adhesives
- 9.3.3. •Foams
- 9.3.4. •Solar Cell Encapsulation
- 9.3.5. •Other Applications
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2021
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. ExxonMobil Corporation,
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Dow Inc.
- 10.6. SIPCHEM ,
- 10.7. Formosa Plastics Corporation
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
