Ethylene Vinyl Acetate Market Overview
MMR published a report on the Ethylene Vinyl Acetate market. The report is a combination of primary and secondary data, and it has been analyzed by domain experts from both a local and global perspective. The report provides a detailed analysis of the market size and share in each region and segment, making it an invaluable resource for investors.
Ethylene vinyl acetate market growth is expected to be supported by rising demand for multipurpose solutions for adhesives, sealants & coatings in a many applications including flexible hose, footwear components, automobile bumpers, moulded automotive parts, toys & athletic goods, flexible packaging, and various others.
Growth of the Ethylene Vinyl Acetate Market
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.
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Ethylene Vinyl Acetate Market Report Scope and Research Methodology
At the national, regional, and international levels, the research offers a thorough examination of the Ethylene Vinyl Acetate market. It offers a thorough examination of the competitive environment in the Ethylene Vinyl Acetate market, taking into account the main players’ business plans. A list of the major rivals of Ethylene Vinyl Acetate is provided in the study, together with details on their earnings, volume of production, worldwide reach, and sales. The SWOT analysis was employed to ascertain the advantages and disadvantages of the principal participants in the Ethylene Vinyl Acetate sector. The study also includes detailed information on the potential, challenges, drivers, and restraints of the Ethylene Vinyl Acetate market.
The size of the worldwide and regional Ethylene Vinyl Acetate markets was calculated using the bottom-up method. Data on market size, market share, geographical insights, market dynamics, the performance of major players, and industry historical data were gathered using both primary and secondary research methodologies. The research also contains a thorough value chain analysis with data on distributors, customers, and raw materials that aids in understanding the Ethylene Vinyl Acetate production process. In order to comprehend the Ethylene Vinyl Acetate market at both the macro and micro levels, it also contains Porter’s and PESTLE analysis in addition to market attractiveness.
Ethylene Vinyl Acetate Market Dynamics:
The ethylene vinyl acetate (EVA) market is expanding due to the demands of the packaging industry. It is widely used in the industrial packaging of rubber, tyres, and additives. They are employed in the assembly of paper bags, carton box sealing, and book binding. They are also used for labelling and attaching tags, as well as labelling drink bottles. Growing organised retail sales, processed food product sales, FMCG product sales, and e-commerce sales are driving the demand for EVA-based hot-melt adhesives.
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
by Grade
• Low Density
• Medium Density
• High Density
The vinyl acetate modified polyethylene type segment retained a dominant position in the market and accounted for over xx% of worldwide sales in 2022. This significant amount can be attributed to the product’s properties, such as its low molecular weight, which makes it a useful packaging material for consumer goods, food & drinks, and industrial packaging applications. Vinyl acetate is present in trace amounts in vinyl acetate modified polyethylene (EVA copolymer). It is mostly used in the production of foam blister packs, insulating foams, football shoe bottoms, pipes, adhesives, and other goods. The material’s ability to form a gas and moisture barrier is what drives its demand in a range of applications.
The market was led by the photovoltaic cell application category in 2022, accounting for over xx% of total revenue. This significant percentage is the result of the growing demand for renewable energy in both public and private infrastructures. The output of electricity from solar cells is predicted to increase by fifty percent between 2019 and 2024. These factors are anticipated to drive product demand in solar cell applications over the projected period.
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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
Ethylene Vinyl Acetate Market Regional Insights
Geographically, the report is segmented into several key countries, with market size, growth rate, import and export of Ethylene Vinyl Acetate market in these countries, which covering North America – U.S., Canada, Mexico, Europe – UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific – China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America – Brazil, and Middle East and Africa.
Key Questions answered in the Ethylene Vinyl Acetate Market Report are:
- What is the expected Ethylene Vinyl Acetate market size by 2030?
- What will be the CAGR of the Ethylene Vinyl Acetate market during the forecast period?
- Which segment held the largest share in the Ethylene Vinyl Acetate market?
- How is the competitive scenario of the Ethylene Vinyl Acetate market?
- Which are the key factors driving the Ethylene Vinyl Acetate market growth?
- What are the factors restraining the Ethylene Vinyl Acetate market growth?
- Which region holds the maximum share in the Ethylene Vinyl Acetate market?
- Who are the key players in the Ethylene Vinyl Acetate market?
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Key Offerings:
- A detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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