Ethylene Vinyl Acetate Resins Market 2021 Growth Statistics, Industry Share, Latest Trends, Comprehensive Overview, Business Development Plans, Cost Analysis, Revenue, Growth Drivers, Size Estimate and Forecast till 2027

Report Ocean publicize new report on the global ethylene vinyl acetate (EVA) resin market report contains numerous information about factors, such as market restraints, drivers, and opportunities. In addition, the report provides an in-depth review of industry developments and trends in the market that are influencing the global ethylene vinyl acetate (EVA) resin market growth.

The global ethylene vinyl acetate (EVA) resin market was valued at $7,442.9 million in 2018, and is projected to reach $12,143.2 million by 2026, growing at a CAGR of 6.3% from 2019 to 2026.

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Ethylene vinyl acetate (EVA) resins are manufactured using ethylene and vinyl acetate. They are used in production of packaging film, foam, wire & cable, solar cell encapsulation, and hot melt adhesives, and are composed of 18-40% vinyl acetate. EVA with low melt index (MI) offers high strength, superior viscosity, and hot tack (relative melting and bonding strength) as compared to its high melt index counterparts. EVA resins 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.

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. In addition, development of the packaging film industry across the developing countries, such as India, China, Taiwan, Philippines, is expected to drive the growth of the market. This is attributed to the fact that EVA resins find their application in the packaging industry, owing to their properties such as superior shock resistance, flexibility, and lower melting points.

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However, factors such as availability of inexpensive substitutes and issues related usage of EVA in photovoltaic packaging are expected to hinder the growth of this market. On the contrary, introduction of bio-based ethylene vinyl acetate materials is anticipated to provide lucrative opportunities for market expansion.

The global EVA resin market is segmented based on type, application, end user, and region. Depending on type, the market is classified into polypropylene (PP) vinyl acetate-modified polyethylene (low VA density), polyethylene (PE) thermoplastic ethylene vinyl acetate (medium VA density), and ethylene vinyl acetate rubber (high VA density). The applications covered in the study film, foam, hot melt adhesives, wire & cable, extrusion coating, solar cell encapsulation, and others. On the basis of end user, the market is classified into automotive; packaging & paper; paints, coatings, & adhesives; electronics & electrical; pharmaceutical; footwear; photovoltaic panels; and others. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, and rest of Asia-Pacific), and LAMEA (Saudi Arabia, UAE, Qatar, rest of Middle East, Brazil, South Africa, and rest of LAMEA).

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The major key players operating in the ethylene vinyl acetate resin industry include Arkema S.A., Braskem S.A., Celanese Corporation, DOW Inc., Exxon Mobil Corporation, Formosa Plastics Corporation, Hanwha Chemical Co, Ltd., Lyondell Basell Industries N.V., Sinopec Corporation, and Lotte Chemical Corporation.

KEY BENEFITS FOR STAKEHOLDERS
> Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
> It outlines the current trends and future scenario of the market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
> Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
> The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
> The profiles of key players along with their key strategic developments are enlisted in the report.

COVID-19 Impact

The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the global chemical market also experienced a slowdown. Statista estimates that the chemical industry’s total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the chemical industry generated revenues of US$ 5.4 trillion at a record high.

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The degree of competition among prominent global companies has been developed by analyzing several leading competitors operating globally. In addition, specialist analysts examine various aspects of the chemical market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.

KEY MARKET SEGMENTS
> By Type
o Vinyl Acetate-modified Polyethylene (Low VA Density)
o Thermoplastic Ethylene Vinyl Acetate (Medium VA Density)
o Ethylene Vinyl Acetate Rubber (High VA Density)

> By Application
o Film
o Foam
o Hot Melt Adhesives
o Wire and Cable
o Extrusion Casting
o Solar Cell Encapsulation
o Others

> By End User
o Automotive
o Packaging and Paper
o Paints, Coatings, & Adhesives
o Electronics & Electrical
o Pharmaceutical
o Footwear
o Photovoltaic Panels
o Others

> By Region
> North America
o U.S.
o Canada
o Mexico
> Europe
o Germany
o France
o Spain
o Italy
o UK
o Russia
o Rest of Europe
> Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Rest of Asia-Pacific
> LAMEA

o Saudi Arabia
o UAE
o Qatar
o Rest of Middle East
o Brazil
o South Africa
o Rest of LAMEA

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Key questions answered in the global ethylene vinyl acetate (EVA) resin market report are:

How does a global company acquire markets?

What are its core strategies and policies?

What factors will influence the chemical market over the forecast period?

What are the factors driving and restraining the market for chemicals?

What are the leading competitors in the global market?

Which region is growing at a higher pace in the global market?'

This report covers aspects of the regional analysis market.

The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

This report analyzes current and future market trends by region, providing information on product usage and consumption.

Reports on the market include the growth rate of every region, based on their countries over the forecast period.

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What factors are taken into consideration when assessing the key market players?

The report analyzes companies across the globe in detail.

The report provides an overview of major vendors in the market, including key players.

Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.

This report includes a comparison of market competitors and a discussion of the standpoints of the major players.

Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future.

The report offers the current state of the market and future prospects for various geographical regions.

This report provides both qualitative and quantitative information about the competitive landscape of the market.

Combined with Porter's Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.

It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.

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