All updated as on -
The global ethylene vinyl acetate market was worth USD 9.7 billion in 2021 and is expected to reach USD 17.54 billion by 2030, expanding from USD 11.06 billion in 2023 at a CAGR of 6.8%.
The packaging sector makes heavy use of EVA in the form of films, laminates, and hot melt adhesives. The expansion of the EVA market is being fueled by the rising need for flexible packaging options, notably in the food and beverage industries. It plays a vital role in the manufacturing of photovoltaic solar panels. Demand for EVA films for encapsulating solar cells is rising as the solar energy sector expands thanks to government incentives and environmental concerns. It is widely employed in the shoe industry, particularly for the creation of midsoles and outsoles. The increasing number of people around the world, rising levels of personal disposable money, and ever-evolving tastes in footwear have all contributed to the market demand for EVA. It has many uses in the automotive sector, including as an interior trim, for reducing noise, and for sealing. The demand for EVA in the automotive sector is expanding steadily due to the rising production of automobiles around the world and the rising desire for lightweight and fuel-efficient vehicles.
Categorization by Form
Low-density ethylene vinyl acetate (LDPEVA) is expected to be the leading market segment due to its adaptable features and numerous industrial applications. Flexible packaging, vehicle parts, footwear, and adhesives are just some of the many applications that put LDPEVA in great demand. Medium-density ethylene vinyl acetate (MDPEVA) is anticipated to be the fastest-growing segment because to its increasing use in the automotive and construction industries. MDPEVA's versatility and durability make it a good choice for uses including moulded vehicle parts and building supplies. The expansion of these sectors is expected to drive a surge in interest in MDPEVA.
End-User Analysis
The packaging sector accounts for the bulk of EVA's final consumers. Because of its superior qualities, like as pliability, see-throughness, and toughness, EVA is frequently used in a wide range of packaging contexts. Because of its capacity to form a protective barrier and maintain the integrity of the contents, EVA is used in flexible packaging for food and non-food items, pharmaceutical packaging, and medical products. Ethylene vinyl acetate is predicted to see the greatest growth in the automobile sector. Bumpers, moulded pieces, and interior trim are just some of the automotive uses for EVA that are on the rise. Its impact resistance and small weight make it a useful addition to vehicles, improving both safety and performance. The automotive industry is anticipated to embrace EVA because to the rising demand for fuel-efficient and electric vehicles.
Several major companies in the ethylene vinyl acetate (EVA) market are actively working to increase their share of the market. Product innovation, R&D, and strategic partnerships are priorities for market leaders as they seek a competitive edge. To keep up with the ever-increasing demand from a wide range of end-use industries, many companies are investing in increasing their production capacities and geographic presence. Companies compete in this market based on a variety of characteristics, including product quality, pricing, innovation, and support. Given the market's growing interest in eco-friendly alternatives, sustainable practises and environmentally friendly solutions have also become critical differentiators in the marketplace. Overall, the ethylene vinyl acetate market is characterised by fierce rivalry and dynamic market forces, compelling competitors to continuously innovate and adapt to satisfy the varied needs of end-users in a wide range of industries.
Surgical gloves, tubing, and medical packaging are just a few examples of the many medical and healthcare applications for EVA. The need for EVA in medical applications is being fueled by factors such as the growing healthcare industry, advances in technology, and a greater emphasis on sanitation and safety. Significant demand for EVA is being driven by the growing urbanisation and infrastructural development occurring in emerging economies, particularly in Asia-Pacific and Latin America. Wire and cable insulation, coatings, and sealants all benefit from the usage of EVA, making it an indispensable material in construction.
Report Coverage
Global Ethylene Vinyl Acetate research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Ethylene Vinyl Acetate report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Ethylene Vinyl Acetate competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Ethylene Vinyl Acetate market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Ethylene Vinyl Acetate market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Ethylene Vinyl Acetate market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Exxon Mobil Corporation (USA), Dow Inc. (USA), LyondellBasell Industries N.V. (Netherlands), Celanese Corporation (USA), E.I. du Pont de Nemours and Company (USA), Hanwha Chemical Corporation (South Korea), Braskem S.A. (Brazil), LG Chem Ltd. (South Korea), Arkema S.A. (France), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), BASF SE (Germany), Formosa Plastics Corporation (Taiwan), TotalEnergies SE (France), Eastman Chemical Company (USA), Westlake Chemical Corporation (USA), Tosoh Corporation (Japan), China Petrochemical Corporation (Sinopec) (China), Borealis AG (Austria), China National Petroleum Corporation (CNPC) (China), INEOS Group AG (Switzerland)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Ethylene Vinyl Acetate market based on the below-mentioned segments:
Global Ethylene Vinyl Acetate Market, By Type
Very low density ethylene vinyl acetate
Low density ethylene vinyl acetate
Medium density ethylene vinyl acetate
High density ethylene vinyl acetate
Global Ethylene Vinyl Acetate market, By Application
Film
Injection molding
Comp0unding and wire & cable
Others non-extrusion
Others extrusion
Extrusion coating
Printing ink
Global Ethylene Vinyl Acetate Market, By End User
Footwear & foams
Packaging
Agriculture
Photovoltaic panels
Pharmaceuticals
Others
Global Ethylene Vinyl Acetate market, Regional Analysis
The packaging sector makes heavy use of EVA in the form of films, laminates, and hot melt adhesives. The expansion of the EVA market is being fueled by the rising need for flexible packaging options, notably in the food and beverage industries. It plays a vital role in the manufacturing of photovoltaic solar panels. Demand for EVA films for encapsulating solar cells is rising as the solar energy sector expands thanks to government incentives and environmental concerns. It is widely employed in the shoe industry, particularly for the creation of midsoles and outsoles. The increasing number of people around the world, rising levels of personal disposable money, and ever-evolving tastes in footwear have all contributed to the market demand for EVA. It has many uses in the automotive sector, including as an interior trim, for reducing noise, and for sealing. The demand for EVA in the automotive sector is expanding steadily due to the rising production of automobiles around the world and the rising desire for lightweight and fuel-efficient vehicles.
Categorization by Form
Low-density ethylene vinyl acetate (LDPEVA) is expected to be the leading market segment due to its adaptable features and numerous industrial applications. Flexible packaging, vehicle parts, footwear, and adhesives are just some of the many applications that put LDPEVA in great demand. Medium-density ethylene vinyl acetate (MDPEVA) is anticipated to be the fastest-growing segment because to its increasing use in the automotive and construction industries. MDPEVA's versatility and durability make it a good choice for uses including moulded vehicle parts and building supplies. The expansion of these sectors is expected to drive a surge in interest in MDPEVA.
End-User Analysis
The packaging sector accounts for the bulk of EVA's final consumers. Because of its superior qualities, like as pliability, see-throughness, and toughness, EVA is frequently used in a wide range of packaging contexts. Because of its capacity to form a protective barrier and maintain the integrity of the contents, EVA is used in flexible packaging for food and non-food items, pharmaceutical packaging, and medical products. Ethylene vinyl acetate is predicted to see the greatest growth in the automobile sector. Bumpers, moulded pieces, and interior trim are just some of the automotive uses for EVA that are on the rise. Its impact resistance and small weight make it a useful addition to vehicles, improving both safety and performance. The automotive industry is anticipated to embrace EVA because to the rising demand for fuel-efficient and electric vehicles.
Several major companies in the ethylene vinyl acetate (EVA) market are actively working to increase their share of the market. Product innovation, R&D, and strategic partnerships are priorities for market leaders as they seek a competitive edge. To keep up with the ever-increasing demand from a wide range of end-use industries, many companies are investing in increasing their production capacities and geographic presence. Companies compete in this market based on a variety of characteristics, including product quality, pricing, innovation, and support. Given the market's growing interest in eco-friendly alternatives, sustainable practises and environmentally friendly solutions have also become critical differentiators in the marketplace. Overall, the ethylene vinyl acetate market is characterised by fierce rivalry and dynamic market forces, compelling competitors to continuously innovate and adapt to satisfy the varied needs of end-users in a wide range of industries.
Surgical gloves, tubing, and medical packaging are just a few examples of the many medical and healthcare applications for EVA. The need for EVA in medical applications is being fueled by factors such as the growing healthcare industry, advances in technology, and a greater emphasis on sanitation and safety. Significant demand for EVA is being driven by the growing urbanisation and infrastructural development occurring in emerging economies, particularly in Asia-Pacific and Latin America. Wire and cable insulation, coatings, and sealants all benefit from the usage of EVA, making it an indispensable material in construction.
Report Coverage
Global Ethylene Vinyl Acetate research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Ethylene Vinyl Acetate report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Ethylene Vinyl Acetate competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Ethylene Vinyl Acetate market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Exxon Mobil Corporation (USA), Dow Inc. (USA), LyondellBasell Industries N.V. (Netherlands), Celanese Corporation (USA), E.I. du Pont de Nemours and Company (USA), Hanwha Chemical Corporation (South Korea), Braskem S.A. (Brazil), LG Chem Ltd. (South Korea), Arkema S.A. (France), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), BASF SE (Germany), Formosa Plastics Corporation (Taiwan), TotalEnergies SE (France), Eastman Chemical Company (USA), Westlake Chemical Corporation (USA), Tosoh Corporation (Japan), China Petrochemical Corporation (Sinopec) (China), Borealis AG (Austria), China National Petroleum Corporation (CNPC) (China), INEOS Group AG (Switzerland) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Ethylene Vinyl Acetate Market from 2021 to 2030.
- Market Forecast for Ethylene Vinyl Acetate Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Ethylene Vinyl Acetate competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Ethylene Vinyl Acetate
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Ethylene Vinyl Acetate market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Ethylene Vinyl Acetate market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Exxon Mobil Corporation (USA), Dow Inc. (USA), LyondellBasell Industries N.V. (Netherlands), Celanese Corporation (USA), E.I. du Pont de Nemours and Company (USA), Hanwha Chemical Corporation (South Korea), Braskem S.A. (Brazil), LG Chem Ltd. (South Korea), Arkema S.A. (France), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), BASF SE (Germany), Formosa Plastics Corporation (Taiwan), TotalEnergies SE (France), Eastman Chemical Company (USA), Westlake Chemical Corporation (USA), Tosoh Corporation (Japan), China Petrochemical Corporation (Sinopec) (China), Borealis AG (Austria), China National Petroleum Corporation (CNPC) (China), INEOS Group AG (Switzerland)
Primary Target Market
- Market Players of Ethylene Vinyl Acetate
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Ethylene Vinyl Acetate market based on the below-mentioned segments:
Global Ethylene Vinyl Acetate Market, By Type
Very low density ethylene vinyl acetate
Low density ethylene vinyl acetate
Medium density ethylene vinyl acetate
High density ethylene vinyl acetate
Global Ethylene Vinyl Acetate market, By Application
Film
Injection molding
Comp0unding and wire & cable
Others non-extrusion
Others extrusion
Extrusion coating
Printing ink
Global Ethylene Vinyl Acetate Market, By End User
Footwear & foams
Packaging
Agriculture
Photovoltaic panels
Pharmaceuticals
Others
Global Ethylene Vinyl Acetate market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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