EVA Resin Market 2020-2025: Increasing Demand Of Substitutes & Rising Number Of Market Players - DuPont, ExxonMobil, FPC, Hanwha Total, USI

Global EVA Resin Market overview:

The growing demand for EVA Resin has provided a major boost to the Global EVA Resin Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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EVA with low melt index �offers high strength, superior viscosity, and hot tack (relative melting and bonding strength) as compared to its high melt index counterparts. EVA Resin are widely used in the packaging and paper industries, owing to their properties such as enhanced flexibility and low sealing temperature. In addition, they are used in photovoltaic panels, which are used in solar energy generation.

The global EVA Resin Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 Tubular EVA

2 Autoclave EVA

3 Other Process

On the basis of End Use Industry, the market is split into:

1 Film

2 Adhesive and Coating

3 Molding Plastics

4 Foaming Materials

due to increase in use of foam in automotive, sports, and upholstery industry, owing to its properties such as water resistance, ultraviolet (UV) resistance, high durability, sturdiness, and ability to withstand compression. Moreover, EVA resin foam is widely used in automobiles for interior padding, carpet underlay, gaskets, seats, and headliners. In addition, rise in disposable income of consumers and improvement in standard of life have led to increase in demand for automobiles, which in turn is expected to fuel the growth of the EVA resins market.

Rapid industrialization and increase in disposable income of individuals across the emerging economies, such as India and China, are the key factors that have fueled the demand for automobiles. This in turn has boosted the demand for EVA resins, as they are widely applicable in the manufacturing of automobile bumpers and molded parts. Rise in production of lightweight vehicles due to their higher fuel efficiency and increase in demand for electric vehicles owing to implementation of stringent government environmental regulations toward vehicle pollution & fuel efficiency further contribute toward the growth of this market.

Objectives of the Study

To describe and forecast the global EVA Resin Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the EVA Resin Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the EVA Resin Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the EVA Resin Market.

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Some of the EVA Resin Market manufacturers involved in the market are DuPont (US), ExxonMobil (US), FPC (TW), Hanwha Total (KR), USI (TW), Sinopec Beijing Yanshan (CN), Sipchem (SA), BASF-YPC (CN), Braskem (BR), Westlake (US), TPI Polene (TH), LG Chem (KR), Celanese (US), Arkema (FR), Repsol (ES), LyondellBasell (NL), Sumitomo Chem (JP), Levima/Haoda Chem (CN), Lotte Chem (KR), Total (FR), Tosoh (JP), Versalis/Eni (IT), Ube (JP), Huamei Polymer (CN), NUC Corp (JP), Sumsung Total (KR), Acquisitions and effective mergers are some of the strategies adopted by the EVA Resin Market manufacturers. New product launches and continuous technological innovations are the EVA Resin Market strategies adopted by the major players.

Latest Industry Updates:

SPRING, TEXAS - XTO Energy Inc. ("XTO Energy") today announced that it has extended the offering period of its previously announced tender offer to purchase all outstanding units of beneficial interest (the "Units") in Hugoton Royalty Trust (OTCQX: HGTXU, the "Trust") at a price of $0.20 per Unit, net to the seller in cash, without interest and subject to any withholding of taxes.

The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on Tuesday, May 12, 2020, unless the tender offer is further extended or earlier terminated in accordance with the terms set forth in the Tender Offer Statement. The tender offer was extended to allow additional time, in light of the impacts of the COVID-19 pandemic, for unitholders to complete and return the transmittal documentation and to give instructions to their brokers.

As of one minute after 11:59 p.m., New York City time, at the end of the day on April 28, 2020, the last business day prior to the announcement of the extension of the tender offer, 5,854,525 Units (excluding 2,451 Units with respect to which "Notices of Guaranteed Delivery" were delivered) had been validly tendered and not withdrawn, representing approximately 14.6% of the outstanding Units. Unitholders of the Trust who have already tendered their Units do not need to re-tender their Units or take any other action as a result of the extension of the expiration date of the tender offer.

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Asia Pacific was a prominent market for EVA Resins in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the EVA Resin market in Asia Pacific.

There are several manufacturers of EVA Resins in Europe and North America. In North America, the demand for EVA Resins is primarily driven by the residential sector. Improved standards of living and rising usage of EVA Resins for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global EVA Resin Market Report 2020

1 EVA Resin Definition

2 Global EVA Resin Market Major Player Share and Market Overview

3 Major Player EVA Resin Business Introduction

4 Global EVA Resin Market Segmentation (Region Level)

5 Global EVA Resin Market Segmentation (Product Type Level)

6 Global EVA Resin Market Segmentation (Industry Level)

7 Global EVA Resin Market Segmentation (Channel Level)

8 EVA Resin Market Forecast 2020-2024

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