Press release
Ethylene Vinyl Alcohol (EVOH) Market Set to Surpass USD 2,057 Million by 2035, Growing at a CAGR of 6.4% | Fact.MR Report
Ethylene Vinyl Alcohol (EVOH) Market
During the course of the next decade, the market is expected to grow 1.9X with absolute dollar opportunity of USD 950.7 million. The increasing demand for sustainable packaging, expansion in the food and pharma industries, increasing environmental regulations, and use of multilayer packaging are propelling the growth of the global EVOH market at a rapid pace.
Ethylene vinyl alcohol (EVOH) is a performance barrier resin featuring excellent gas-blocking properties, finding extensive applications across food packaging, pharmaceuticals, and automotive markets. The demand for EVOH is rapidly growing, catalyzed by sustainability requirements, improved shelf-life requirements, and advancements in multilayered packaging technologies congruent with world regulatory standards.
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Key Takeaways from Market Study:
The global EVOH market is valued at USD 1,040 million in 2024.
The market is projected to reach USD 2,057 million by 2035.
The market is expanding at a CAGR of 6.4% during the forecast period.
The market will grow 1.9x from 2024 to 2035.
The absolute dollar opportunity is USD 950.7 million.
North America and Europe are major contributors due to strict regulations.
Asia-Pacific is expected to witness high growth due to urbanization and food safety needs.
EVOH is widely used in multilayer packaging for food and pharmaceuticals.
Automotive fuel tank applications contribute to EVOH demand.
EVOH supports sustainability and recyclability goals.
Leading Players Driving Innovation in the Ethylene Vinyl Alcohol (EVOH) Market:
Soarnol (Mitsubishi Chemical Corporation), Kuraray, Chang Chun Group, NSB Polymers, SK Functional Polymers, Reliance Industries Limited, SK Functional Polymers, Smurfit Kappa Group, Mondi plc.
Country-Wise Insights:
United States (CAGR: 7.4%)
The U.S. EVOH market grows steadily due to strong demand in food and pharmaceutical packaging. Its superior barrier properties and alignment with sustainable packaging trends drive adoption. Growth is supported by environmental regulations and innovations in co-extrusion and multilayer film technologies.
Germany (CAGR: 8.9%)
Germany's EVOH market thrives in the food, healthcare, and pharmaceutical sectors due to its excellent barrier performance. EU sustainability goals and advanced recycling systems promote the use of recyclable multilayer packaging, backed by strong local manufacturing capabilities.
China (CAGR: 9.4%)
China sees rapid EVOH market growth driven by rising food packaging needs, e-commerce, and automotive fuel tank applications. Domestic production is expanding to reduce import reliance, supported by government sustainability initiatives and adoption of eco-friendly materials.
Ethylene Vinyl Alcohol (EVOH) Market News:
In December 2023, Mitsubishi Chemical Group's SoarnoL EVOH resins have been designated as recyclable by the Association of Plastic Recyclers. SoarnoL, which has an ethylene content of ≥ 29 mol%, can be used in multi-layer PE films up to ≤10% SoarnoL. SoarnoL offers high-performance resin that improves gas barrier properties in packaging, enabling sustainability in food packaging and the automotive segment.
In August 2023, Kuraray Co., Ltd. said that it plans to add 10,000 tons/year of EVALTM (ethylene vinyl alcohol copolymer) manufacturing capacity in the U.S. and Europe by 2026, bringing total capacity worldwide to 113,000 tons/year. The expansion countered increased demand for food packaging and was designed to improve supply stability, especially in growth markets. A new Asian headquarters and technical center were also under construction.
Browse Full Report: https://www.factmr.com/report/ethylene-vinyl-alcohol-evoh-market
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global ethylene vinyl alcohol (EVOH) market, presenting historical data for 2020 to 2024 and forecast statistics for 2025 to 2035.
The Ethylene Vinyl Alcohol (EVOH) market is segmented based on grade, downstream form, end use, and region. By grade, it is categorized into standard EVOH and specialty EVOH. Based on downstream form, the market includes films & sheets, co-extruded and laminated variants, fuel tanks & containers, pipes & tubes, bottles & pouches, and other forms. In terms of end use, EVOH finds applications in packaging and industrial sectors.
The packaging segment covers food & beverages-including fresh produce, bakery & confectionery, and processed food-along with pharmaceuticals, cosmetics, and other categories. The industrial segment includes uses in gasoline tanks, protective membranes, piping systems, landfill covers, and more. Regionally, the EVOH market spans North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East & Africa.
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