Ethylene Vinyl Acetate Market was valued at US$ 7.81 Bn. in 2022 and the total Ethylene Vinyl Acetate revenue is expected to grow at 6.5% from 2023 to 2029, reaching nearly US$ 12.14 Bn.
Ethylene Vinyl Acetate Market Report Overview
The report looks at current and future circumstances in the Ethylene Vinyl Acetate Market, providing unique insights and up-to-date data for important segments. The study covers important research issues in the Ethylene Vinyl Acetate industry, such as revenue generation, sales, and total income. To provide a comprehensive view, the study examines two distinct scenarios that include the whole Ethylene Vinyl Acetate market, including expected Ethylene Vinyl Acetate sales during the forecast period.
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Ethylene Vinyl Acetate Market Dynamics:
Growing demand for solar PV production is likely to drive market expansion.
Rising demand from the solar PV industry is projected to drive market expansion. It functions as a cap for solar modules or cells. Furthermore, it is essentially a copolymer film that acts as a critical sealer for photovoltaic solar modules, ensuring their performance and reliability. The most common type of encapsulation is cross-linkable EVA. MMR says that 114.9 Giga Watts (GW) of new solar energy were installed globally in 2019, representing a 12% increase over 2018. In 2019, China dominated the world’s PV markets with 30.1 GW of installed solar capacity, marking the third straight year of leadership.
Ethylene Vinyl Acetate Market Report Scope and Research Methodology:
The primary purpose of the Ethylene Vinyl Acetate market study is to provide a thorough analysis in clear and simple terms. The analysis covers all of the major companies and essential features of the Ethylene Vinyl Acetate market, assessing numerous metrics such as volume, share, growth, and strategy. This research not only helps established organisations refine their operating plans, but it also provides strategic recommendations to new entrants. MMR’s research delves deeply into the Ethylene Vinyl Acetate market, identifying the leading worldwide businesses based on parameters such as volume, share, strategies, and growth. The research also includes tactics for both existing industry participants and potential Ethylene Vinyl Acetate market entrants. Furthermore, the global research for the Ethylene Vinyl Acetate market provides a detailed breakdown of regional share distribution, as well as an examination of development drivers in each area.
Ethylene Vinyl Acetate Market Segmentation:
by Type
• Low Density Ethylene Vinyl Acetate (LEVA)
• Medium Density Ethylene Vinyl Acetate (MEVA)
• High Density Ethylene Vinyl Acetate (HEVA)
by End-Use Industry
• Footwear & Foam
• Packaging
• Photovoltaic Panels
• Pharmaceutical
• Others
by Application
• Film
• Foam
• Hot Melt Adhesives
• Wire & Cable
• Extrusion Casting
• Solar Cell Encapsulation
• Others
In 2022, the vinyl acetate modified polyethylene type segment led the market, accounting for more than xx% of global sales. This significant share can be attributed to the product’s properties, including as its low molecular weight, which makes it an effective packaging material for consumer goods, food and beverages, and industrial packaging applications. Vinyl acetate modified polyethylene (EVA copolymer) contains a trace quantity of vinyl acetate. Foam blister packs, insulating foams, football shoe bottoms, pipelines, adhesives, and other things are commonly created with it. The material’s demand in a range of applications stems from its ability to form a moisture and gas barrier.
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Ethylene Vinyl Acetate Market Regional Insights:
Due to the growing number of solar PV plants in the US, North America is expected to lead the global ethylene vinyl acetate (EVA) market during the forecast period. The total installed solar power capacity in the nation was expected to rise by 21% in the year 2022, with approximately 20 GW of new installations expected by the end of the year. Additionally, it is expected that Canada’s growing packaging sector would support regional market growth.
Ethylene Vinyl Acetate Market Key Players:
• BASF SE
• Exxon Mobil Corporation
• The Dow Chemical Company
• Formosa Plastic Corporation
• Celanese Corporation
• Hanwha Total Petrochemical Co. Ltd.
• LyondellBasell Industries N.V.
• ARLANXEO Holding B.V.
• Braskem S.A.
• Asia Polymer Corporation
• Arkema Group
• Clariant AG
• Hanwa Solution Chemical Division Corporation.
• Sumitomo Chemical
• Others
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Table of Content: Ethylene Vinyl Acetate Market
Part 01: Executive Summary
Part 02: Scope of the Ethylene Vinyl Acetate Market Report
Part 03: Ethylene Vinyl Acetate Market Landscape
Part 04: Ethylene Vinyl Acetate Market Sizing
Part 05: Ethylene Vinyl Acetate Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Offerings:
- Past Market Size and Competitive Landscape (2023-2029)
- Past Pricing and price curve by region (2023-2029)
- Market Size, Share, Size Forecast by different segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Maximize Market Research:
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