Ethylene-vinyl Alcohol Copolymer Market Size, Share | Trend 2022

According to Precision Business Insights (PBI), latest report, the global ethylene-vinyl alcohol copolymer market size was valued at USD 862.6 million in 2022 and is poised to grow at a significant CAGR of 5.4% during the forecast period 2022-28. The primary factors that drive the market are brilliant protection of gases is the major reason for high EVOH use in the packaging industry and inelastic demand growth from the polymer industry.

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Specialty Grade to Dominate the Ethylene-vinyl Alcohol Copolymer Market:
Based on grade type, specialty grade holds the highest market share. The major factor for the rise of this segment is due to superior properties such as enhanced stretchability and thermoformability in sheet forming, exceptional resistance and flex resistance, a better grade for impact resistance, and compact delamination and whitening in the retort process. This grade is mostly used in the construction industry. Specialty grade has improved thermal durability properties; hence, these can be utilized as an oxygen barrier component in under-floor heating pipes.

North America Ethylene-vinyl Alcohol Copolymer Market:
North America leads the global ethylene-vinyl alcohol copolymer market growth due to increasing consumers' inclination towards environmentally friendly packaging. North America leads the global market due to the rising automotive industry in the region, particularly in the U.S. and increasing construction activities have contributed to increasing the sales of ethylene-vinyl alcohol copolymer in this region. Asia Pacific region is expected to grow significantly in the global ethylene-vinyl alcohol copolymer market over the forecast period. The Asia Pacific region is expanding as a result of the presence of countries that produce automobiles, such as China, Japan, and South Korea, which generates a demand for ethylene-vinyl alcohol copolymers in fuel liners and tanks.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global ethylene-vinyl alcohol copolymer market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In March 2022, Kuraray partnered with the 4evergreen alliance, to yield circular concepts, particularly for fiber-based packaging. In December 2021, Mitsubishi Chemical Holdings Corporation was awarded a position on the year's Water A List, which is the highest rating in the CDP Water Security 2021.

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The ethylene-vinyl alcohol copolymer market is segmented based on grade, application, end users, and region.
Based on the grade, the market is segmented into the following:
• Standard Grade
• Specialty Grade

Based on the application type, the market is segmented into the following:
• Packaging
• Films
• Fuel Tanks & Containers
• Pipes & Tubes
• Others

Based on the end users, the market is segmented into the following:
• Food & Beverages
• Agricultural
• Automotive
• Cosmetics
• Pharmaceuticals
• Construction
• Others

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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The global ethylene-vinyl alcohol copolymer market key players are Schur Flexibles Holding GesmbH, Coveris, Mitsubishi Chemical Holdings Corporation, KURARAY CO., LTD., KUREHA CORPORATION, Arkema, Chang Chun Group., ProAmpac, MULTIFLEX FOLIEN GMBH & CO. KG, Vishakha Polyfab Pvt Ltd, International Plastic Engineering Co.,Ltd, and Verpackungen GmbH

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