Press release
Ethylene Vinyl Acetate Market is expected to grow from USD 13.65 billion, Trends, Competition Strategies, Key Players and Forecast to 2029
Ethylene Vinyl Acetate Market Overview:EVA resins are copolymers formed using vinyl acetate monomer and ethylene. They offer enhanced stress resistance and are able to maintain their flexibility over a varied temperature range from -60°C to 150°C, without the use of plasticizers. They are widely used in packaging and paper industry & electrical and electronic industries, owing to their properties such as high coefficient of friction, low seal initiation temperatures, and superior impact resistance. The development of the packaging & electronic industries and increase in demand for packaging materials & consumer electronics across emerging economies are the major factors that drive the growth of the global EVA resins market.
The global Ethylene Vinyl Acetate market was valued at USD 9.21 billion in 2020, and is projected to reach USD 13.65 billion by 2029, growing at a CAGR of 4.47% from 2022-2029.
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Ethylene Vinyl Acetate Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are ExxonMobil Corporation, Dow Inc., Sipchem, Formosa Plastics Corporation, Hanwha Total Petrochemical, Al Habib Polymers Fze, Arkema S.A., Braskem S.A., Celanese Corporation and Others
Recent Development
In 2020, Tosoh Corporation The company launched the full-scale operation of its new main research building located in Shuan city, China.
In Feb 2020, Dow Inc. The company had announced the expansion of Canada based ethylene production facility by 130 kilotons.
In 2020, Ineos Group acquired 100% shares in its joint venture "Gemini HDPE" with Sasol Chemicals. The company produces high high-density polyethylene in LA Porte, Texas.
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Ethylene Vinyl Acetate Market Segmentation:
Ethylene Vinyl Acetate Market by Type, 2020-2029, (USD Millions, Kilotons)
Low Density
Medium Density
High Density
Ethylene Vinyl Acetate Market by Application, 2020-2029, (USD Millions, Kilotons)
Film
Injection Molding
Compounding And Wire & Cable
Extrusion Coating
Printing Ink
Ethylene Vinyl Acetate Market by End-Use, 2020-2029, (USD Millions, Kilotons)
Footwear & Foams
Packaging
Agriculture
Photovoltaic Panels
Pharmaceuticals
Growth Factors:
Increasing demand from the Ethylene Vinyl Acetate industries
The growing use of Ethylene Vinyl Acetate in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Ethylene Vinyl Acetate Market
Ethylene Vinyl Acetate Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Ethylene Vinyl Acetate Market Trends
- The report identifies, determines, and forecasts the Global Ethylene Vinyl Acetate Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Ethylene Vinyl Acetate Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Ethylene Vinyl Acetate Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Ethylene Vinyl Acetate Market.
FAQ
Q1. What is the EVA market size?
Answer: The global EVA market is expected to reach an estimated $11.8 billion by 2027
Q2. What is the growth forecast for EVA market?
Answer: The EVA market is expected to grow at a CAGR of 5.4% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the EVA market?
Answer: The major drivers for this market are growing demand for EVA in food and medical packaging industry, due to its non-toxic nature, and expansion of solar photovoltaic capacity around the globe
Q4. What are the major applications or end use industries for EVA?
Answer: Packaging, solar, agriculture, wire & cable, footwear, and automotive industries are the major end use industries for EVA.
Q5. What are the emerging trends in EVA market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for EVA in the medical industry and expansion of the solar industry.
Q6. Who are the key EVA companies?
Answer: Some of the key EVA companies are as follows: ExxonMobil Corporation, Dow Inc., Sipchem, Formosa Plastics Corporation
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