About Ethylene Vinyl Acetate (EVA)
Ethylene Vinyl Acetate (EVA) is a Copolymer of Ethylene with Variable Amounts of Vinyl Acetate (VA). The Composition of the Vinyl Acetate can vary from 10 to 40 %, with the Remainder Being Ethylene. It Delivers Good Hot Tack & Adhesive Strength & a Wide Sealing Temperature Range, thus Finding its use as a Heat Seal Layer & in Hot Melt Adhesives. Ethylene Vinyl Acetate (EVA) is also known as Poly (Ethylene-Vinyl Acetate) (PEVA). It is a Polymer that has Properties Similar to the Elastomeric ("Rubber-Like") Materials in Softness & Flexibility. It has a Good Clearness & Shine, Low-Temperature Toughness, Stress-Crack Resistance, Hot-Melt Adhesive Waterproof Properties, & Resistance to UV Radiation
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.1% |
The Market for the Ethylene Vinyl Acetate is fragmented with the Presence of Many Players. Owing to Booming Industrialization, there are Growing Prospects for the New Players to Enter the Market Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Ethylene Vinyl Acetate (EVA) market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The Dow Chemical Company (United States), ExxonMobil Corporation (United States), Lyondellbasell Industries NV (Netherlands), Dupont De Nemours, Inc., Arkema S.A. (France), Braskem S.A. (Brazil), Celanese Corporation, Formosa Plastics Corporation (Taiwan), Sinopec Corporation (China) and Lotte Chemical Corporation (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Clariant AG (Switzerland), Innospec Inc. (United States), Hoehn Plastics, Inc. (United States), Honam Petrochemical Corporation (South Korea), Ankit Polymers (India), Khushi Enterprise (India), Sipchem (Saudi Arabia) and Sinochem Quan Zhou Petrochemical Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Ethylene Vinyl Acetate (EVA) market by Type (Very Low-Density EVA, Low-Density EVA, Medium Density EVA and High-Density EVA), Application (Hot Melt Adhesives, Wire & Cable, Extrusion Coating, Solar Cell Encapsulation, Film & Foam and Others) and Region.
On the basis of geography, the market of Ethylene Vinyl Acetate (EVA) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Ethylene Vinyl Acetate (EVA) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Increasing Demand from Different Industries like Agriculture, Packaging, & Footwear
Market Growth Drivers:
Growth in the Packaging Industry Using Ethylene Vinyl Acetate for Packing Seafood & Meat, Beverage & Food, Dry Food, Dairy & Cheese, & Vacuum Packaging and Rise in the Construction Sector Making use of Ethylene Vinyl Acetate for Manufacturing Adhesives, Sealants & Coatings
Challenges:
Presence of Alternate Chemical Compounds may pose a Challenge
Restraints:
Fluctuating Prices of the Raw Materials
Opportunities:
There is an Increasing Opportunity for the Market Growth, owing to the Introduction of Bio-Based Ethylene Vinyl Acetate Materials and There are Prospects for The Utilisation of Ethylene Vinyl Acetate in Biomedical Engineering where it is used as a Drug Delivery System
Market Leaders and their expansionary development strategies
In October 2023, South Korean petrochemical giant SK Global Chemicals acquired Solvay's European EVA business, strengthening its position as a major global EVA player. This move is expected to boost SK Global Chemicals' access to advanced EVA technologies and production facilities.
In July 2021 Sinochem Quan Zhou Petrochemical Co., Ltd. had announced the launch of EVA plant in South China. The successful setup of Quanzhou Petrochemical's EVA plant fills a void in South China's EVA output. The plant's opening will minimise Fujian's dependency on resources from other regions, strengthen local chemical and new-material industrial chains, increase product diversity, meet local demand for high-quality chemical goods, and contribute to Southern China's economic development.
Key Target Audience
Manufacturers of Ethylene Vinyl Acetate, Distributors, Traders, & Suppliers, Importers & Exporters, Investors, Regulatory & Government Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.