The Ethylene Vinyl Acetate Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Ethylene Vinyl Acetate Global Market Report 2024, The ethylene vinyl acetate market size has grown strongly in recent years. It will grow from $8.41 billion in 2023 to $9.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to footwear industry, packaging and film applications, solar panel encapsulation, medical devices, automotive interiors.
The ethylene vinyl acetate market size is expected to see strong growth in the next few years. It will grow to $12.65 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to solar energy growth, recycling and circular economy, lightweight and sustainable footwear, increased eva versatility, healthcare and pandemic preparedness. Major trends in the forecast period include noise reduction in automotive, eva in electric vehicles (evs), eva-based medical devices, smart packaging with eva, biomedical innovations.
The rise in demand from the packaging industry is contributing to the growth of the ethylene vinyl acetate market. 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. For instance, in 2022, according to reports shared by the Flexible Packaging Association, a US-based non-profit organization, the U.S. flexible packaging industry saw a substantial increase in sales in 2021, reaching an estimated $39 billion, up from $34.8 billion in the previous year. The increase in demand for packaging materials and the positive growth of the packaging industry during the forecast period will further propel the growth of the ethylene vinyl acetate market.
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The ethylene vinyl acetate market covered in this report is segmented –
1) By Type: Very Low Density Ethylene Vinyl Acetate, Low density Ethylene Vinyl Acetate, Medium Density Ethylene Vinyl Acetate, 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
The introduction of new technologies for the production of ethylene-vinyl acetate is a key trend gaining popularity in the ethylene vinyl acetate market. Companies involved in the production of ethylene-vinyl acetate are introducing new technological processes in their production facilities to improve manufacturing performance and meet the growing need for EVA in the market. For instance, in April 2021, LyondellBasell, a Netherlands-based chemical company, revealed that Shandong Yulong Petrochemical Co. Ltd., a China-based oil and natural gas company, had introduced LyondellBasell Lupotech T high-pressure polyethene technology in two different production lines at a new plant. The process technique will be used to make low-density polyethene (LDPE) with vinyl acetate copolymer on a 200 KTA LDPE line and a 300 KTA LDPE and ethylene-vinyl acetate copolymer (EVA) line.
Major Players:
- ExxonMobil Corporation
- Arkema SA, Asia Polymer Corporation
- BASF SE, Braskem SA
- Celanese Corporation
- Clariant AG
The ethylene vinyl acetate market report table of contents includes:
1. Executive Summary
2. Ethylene Propylene Diene Monomer Market Characteristics
3. Ethylene Propylene Diene Monomer Market Trends And Strategies
4. Ethylene Propylene Diene Monomer Market – Macro Economic Scenario
5. Ethylene Propylene Diene Monomer Market Size And Growth
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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