Global Ethylene Vinyl Acetate Resins Market is segmented By Type (Polyethylene, Polypropylene (PP), Thermoplastics, Vinyl, Rubber, Others), By Applications (Foam, Films, Wire & Cable, Paints, Extrusion Casting, Hot Melt Adhesives, Solar Cell Encapsulation, Others), By End-users (Automotive, Pharmaceutical, Footwear, Packaging & Paper, Coatings & Adhesives, Electronics & Electrical, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Ethylene Vinyl Acetate Resins Market Size
The global ethylene vinyl acetate resin market reached USD YY million in 2022 and is projected to witness lucrative growth by reaching up to USD YY million by 2031. The market is growing at a CAGR of 6.8% during the forecast period (2024-2031).
When ethylene and vinyl acetate monomers are combined, EVA plastics are created. Without the use of plasticizers, they provide improved resilience to stress cracking and can keep their flexibility over a wide temperature range, from 60 to 150 degrees Celsius. Their high coefficient of friction, low seal start temperatures, and superior impact protection make them popular in the packing, paper, electrical, and computer sectors.
Ethylene Vinyl Acetate Resins Market Summary
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Metrics |
Details |
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CAGR |
6.8% |
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Size Available for Years |
2022-2031 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) and Volume (Tons) |
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Segments Covered |
Type, application, end-user and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
Asia-Pacific |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Ethylene Vinyl Acetate Resins Market Dynamics
The ability to replace commonly used polymers in various industrial verticals
Ethylene-vinyl acetate (EVA) resins can be extensively used as an efficient replacement for a range of production-related materials. Natural rubber, vinyl, neoprene, polyurethane, PVC foams, timber composites, felts, fiberglass, and mineral wool can all be replaced with it. The EVA resin is known for its ability to provide excellent gloss and clarity, to hold up well at low temperatures, to withstand UV rays and stress cracking, and to have waterproof hot-melt adhesive qualities.
Moreover, the advantages of using EVA resin as a replacement in manufacturing are comparable to those of materials that are currently in use and have properties such as resilience or buoyancy and low-water absorption, weather and chemical, oil, and fuel spill/splash resistance, thermal insulation, and impact and vibration absorption. Thus, the ability to replace commonly used polymers in various industrial verticals is a major driver for ethylene vinyl acetate resins market.
The increase in the threat of substitutes and rising concerns associated with ethylene vinyl acetate in photovoltaic packaging
Climate-induced deterioration of photovoltaic (PV) panels can have an impact on their effectiveness, stability, and lifespan. Even though ethylene vinyl acetate copolymer is a well-known polymer encapsulant in photovoltic devices, it can degrade through a variety of weather- and environment-related processes such as UV radiation. The increase in the threat of substitutes and rising concerns associated with ethylene vinyl acetate in photovoltaic packaging can restraint the market growth of ethylene vinyl acetate.
Ethylene Vinyl Acetate Resins Market Segment Analysis
The global ethylene vinyl acetate resin market is segmented based on type, application, end-user and region.
Resistance to cracking, improved elasticity, low sealing temperature, better durability, and puncture resistance of ethylene vinyl acetate resin
Some of the qualities of EVA resin are resistance to cracking, improved elasticity, low sealing temperature, better durability, and puncture resistance. As a result, ethylene vinyl acetate resins are increasingly used in the footwear business as midsoles for shoes, offering improved padding and bounce. Furthermore, glue manufactured from EVA resins is also crucial in footwear manufacturing, as it offers enhanced binding and is resistant to varied weather conditions. As a result, the footwear segment occupies a significant share of the end-user segment of the ethylene vinyl acetate resin market.
Source: DataM Intelligence Analysis (2023)
Ethylene Vinyl Acetate Resins Market Geographical Share
Increasing per-individual income and growing demand for solar-generated energy in the Asia-Pacific
As a consequence of the quick economic growth in the Asia-Pacific area due to the increasing per-individual income and production facilities in both the public and private sectors, more investment has been made in industries that use ethylene vinyl acetate resins. Ethylene vinyl acetate resins had the largest market share in the expanding solar and packaging sectors. Due to the increasing demand for solar-generated energy in the Asia-Pacific region, the market for ethylene vinyl acetate resins is anticipated to grow during the forecast period.
Source: DataM Intelligence Analysis (2023)
Ethylene Vinyl Acetate Resins Companies and Competitive Landscape
The major global players include Sumitomo Chemical, BASF SE, LyondellBasell Industries Holdings B.V, Westlake Chemical Corporation, Mitsubishi Chemical Corporation, Huntsman International LLC, Praxair Technology, Inc., NOVA Chemicals Corporation, Dycon Chemicals and Uz-Kor Gas Chemical.
Key Developments
- On April 8, 2022, LyondellBasell stated that its plant in Zhoushan City, Zhejiang Province, China, will once more be licensed by Zhejiang Petroleum & Chemical Co. Ltd. (ZPC) to use the company's high-pressure polyethylene technology. Both the 300 KTA Tubular line and the 100 KTA Autoclave will use the Lupotech process technology. Ethylene vinyl acetate copolymers will be produced primarily by both manufacturing lines. At the same location, a second 400 KTA Tubular plant for the production of low-density polyethylene (LDPE) homo polymers will also be constructed.
- A capacity increase for ethylene vinyl acetate (EVA) materials was finished by Celanese Corp on March 9, 2023, at the company's Edmonton, Alberta, facility.
- Ateva G, a medical grade ethylene vinyl acetate (EVA) copolymer resin, was introduced by Celanese Corporation on January 11, 2022. These resins are most frequently used in dentistry goods.
Why Purchase the Report?
- To visualize the global ethylene vinyl acetate resin market segmentation based on type, application, end-user and region and understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of ethylene vinyl acetate resin market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global ethylene vinyl acetate resins market report would provide approximately 61 tables, 67 figures and 187 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
