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EVA Market Global Size, Share, Upcoming Trends, Challenges & Future Opportunities Outlook to 2023
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Ethylene vinyl acetate (EVA) is formed by the copolymerization of vinyl acetate and ethylene and has brilliant toughness properties. Ethylene vinyl acetate finds its applications in many areas such as hot melt adhesives, hot glue sticks, and top of the line soccer cleats (usually with additives like wax and resin). EVA is also used in biomedical engineering applications as a drug delivery device.
Based on the type, the global ethylene vinyl acetate (EVA) market can be categorized into high density ethylene vinyl acetate (HEVA), low density ethylene vinyl acetate (LEVA), very low density ethylene vinyl acetate (VLEVA) and medium density ethylene vinyl acetate (MEVA).
Ethylene vinyl acetate finds its applications in many areas such as hot melt adhesives, hot glue sticks, and top of the line soccer cleats (usually with additives like wax and resin). EVA is also used in biomedical engineering applications as a drug delivery device. The polymer is dissolved in an organic solvent (dichloromethane), powdered drug and filler (typically an inert sugar) are added to the liquid solution and rapidly mixed to obtain a homogeneous mixture.
Economic progress in the Asia-Pacific region is one of the major global EVA market drivers, as new ethylene vinyl acetate capacity has been announced as a result of high demand growth seen in the Asia-Pacific, due to which producers have expressed interest in producing EVA with higher vinyl acetate (VA) contents.
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China Petroleum & Chemical Corporation, DuPont, ENI, ExxonMobil Corporation are some of the major competitors in the EVA market. Other competitors in the ethylene vinyl acetate market include Arkema S.A., Celanese Corporation, CEREPLAST INC, Bridgestone India Private Ltd., Asia Polymer Corporation, Braskem, China Shenhua Coal to Liquid and Chemical Co. Ltd., Formosa Plastics Corporation U.S.A
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