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Ethylene Vinyl Acetate Market Business Growth, Development Factors And Growth Analysis 2023-2032
Ethylene Vinyl Acetate Global Market
The Business Research Company's Ethylene Vinyl Acetate Global Market Report 2023 identifies rise in demand from the packaging industry as the major driver for the Ethylene Vinyl Acetate market's growth in the forecast period. The rise in the demand for ethylene-vinyl acetate is being witnessed in the packaging sector due to more online purchasing during the COVID crisis. Ethylene-vinyl acetate (EVA) is the most prevalent polymer employed in hot melt adhesives for packaging applications. Packaging in EVA has good water resistance, corrosion resistance, easy processing, anti-vibration, and thermal insulation. They are strong, reusable, and delightful in appearance, and they are popular mostly among consumers.
The global ethylene vinyl acetate market size grew from $7.77 billion in 2022 to $8.53 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ethylene vinyl acetate market size is expected to grow to $11.08 billion in 2027 at a CAGR of 6.8%.
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Major competitors in the Ethylene Vinyl Acetate market are ExxonMobil Corporation, Dow Inc., Saudi International Petrochemical Company, Formosa Plastics Corporation, Hanwha Total Petrochemical Co. Ltd., LyondellBasell Industries N.V., BASF SE, E.I. Du Pont De Nemours & Co.
A key trend in the Ethylene Vinyl Acetate market includes Strategic partnerships and collaborations. Key players operating in the ethylene vinyl acetate sector are focused on partnerships and collaborations to reinforce their positions. For instance, in October 2021, ECI Group S.R.L, an Italy-based company involved in providing professional services division that staffs plant personnel collaborated with Shandong Yulong Petrochemical Co., Ltd., a China-based company involved in the refining of oil and natural gas and Repsol SA, a Spain-based company involved in energy and petrochemicals.
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The Ethylene Vinyl Acetate market is segmented -
1) By Type: Very Low Density Ethylene Vinyl Acetate, Low Density Ethylene Vinyl Acetate, Medium Density Ethylene Vinyl Acetate, and High Density Ethylene Vinyl Acetate
2) By Application: Film, Foam, Hot Melt Adhesives, Wire and Cable, Extrusion Casting, Solar Cell Encapsulation, Other Applications
3) By End-Use Industry: Footwear and Foams, Packaging, Agriculture, Photovoltaic panels, Pharmaceuticals, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Ethylene Vinyl Acetate market.
The Business Research Company's "Global Ethylene Vinyl Acetate Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Ethylene Vinyl Acetate Market Include:
1. Executive Summary
2. Ethylene Vinyl Acetate Market Characteristics
3. Ethylene Vinyl Acetate Market Trends And Strategies
4. Ethylene Vinyl Acetate Market - Macro Economic Scenario
5. Ethylene Vinyl Acetate Market Size And Growth
……
27. Ethylene Vinyl Acetate Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ethylene Vinyl Acetate Market
29. Ethylene Vinyl Acetate Market Future Outlook and Potential Analysis
30. Appendix
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