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Ethylene Vinyl Acetate Resins Market Expected to Reach $13.7 Billion by 2028

 

Report Code : A01736

quote The global ethylene vinyl acetate resins market registered a significant growth over the past few years attributed to rise in disposable income of consumers and improvement in standard of living, which have fueled the demand for automobiles, as EVA resin foam is widely used in automobiles for interior padding, carpet underlay, gaskets, seats, and headliners. In addition, increase in production of food & beverages and medical equipment across the regions such as North America, Europe, and Asia-Pacific boosts the growth of the packaging industry significantly. This is attributed to properties of EVA resin such as high heat sealability, low melting point, flexibility, shock resistance, superior impact strength, and subzero temperature sustenance. These factors together drive the demand for ethylene vinyl acetate resin, thereby fueling the growth of the global ethylene vinyl acetate resins market. quote

Eswara Prasad
Manager, Materials & Chemicals at Allied Market Research

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According to a new report published by Allied Market Research titled, Ethylene Vinyl Acetate Resins Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2021–2028,” the global Ethylene Vinyl Acetate Resins Market size was valued at $8.4 billion in 2020 and is anticipated to generate $13.7 billion by 2028. The market is projected to experience growth at a CAGR of 6.3% from 2021 to 2028.

Ethylene vinyl acetate (EVA) resin, also called as polyethylene vinyl acetate (PEVA), is an elastomeric polymer, which is used to produce materials that are soft and flexible like rubber. It possesses properties such as high gloss and resistance to stress & cracks. The weight percent of vinyl acetate usually varies from 10 to 40%.

The report on the EVA resin market focuses on the current market trends and future growth opportunities of various EVA resins such as vinyl acetate-modified polyethylene (low VA density), thermoplastic ethylene vinyl acetate (medium VA density), and ethylene vinyl acetate rubber (high VA density). It focuses on various EVA resin applications, which include film, foam, hot melt adhesives, wire & cable, extrusion coating, solar encapsulation, and others. It provides information on end users such as automotive, packaging & paper, paints, coatings, & adhesives, electronics & electrical, pharmaceutical, footwear, photovoltaic panels, and others. Moreover, it analyzes the current market trends of EVA resin across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities by analyzing the government regulations & policies, thereby increasing the consumer acceptance of EVA resin.

To understand the market, drivers, restraints, and opportunities are explained in the report. The major key players operating in the ethylene vinyl acetate resin industry include Sipchem, Al Habib Polymers FZE, Arkema S.A., Braskem S.A., Celanese Corporation, Dow Inc., Exxon Mobil Corporation, Formosa Plastics Corporation, Hanwha Chemical Corporation, and Lyondellbasell Industries Holding B.V. Furthermore, the key strategies adopted by potential market leaders include expansion, mergers, and acquisition to facilitate effective planning are discussed under the scope of the report.

Key findings of the study

  • The global Ethylene Vinyl Acetate Resins Market size is provided in terms of revenue
  • The Asia-Pacific ethylene vinyl acetate resins market is predicted to hold a share of over 57.2% by 2028
  • The thermoplastic ethylene vinyl acetate type segment is expected to hold a dominant share of the market in terms of revenue, during the projected period
  • The footwear segment is projected to hold a share of over 39.9% by 2028
  • A comprehensive analysis of the factors that drive and restrain the Ethylene Vinyl Acetate Resins Market growth is provided
  • The qualitative data in this report aims at the market trends, dynamics, and developments in the ethylene vinyl acetate industry
  • The Ethylene Vinyl Acetate Resins Market forecast and estimations are based on factors impacting the market growth

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quote Ethylene Vinyl Acetate Resins Market by Type (Vinyl Acetate-Modified Polyethylene (Low VA Density), Thermoplastic Ethylene Vinyl Acetate (Medium VA Density), and Ethylene Vinyl Acetate Rubber (High VA Density)), Application (Film, Foam, Hot Melt Adhesives, Wire & Cable, Extrusion Coating, Solar Cell Encapsulation, and Others), and End User (Automotive, Packaging & Paper, Paints, Coatings & Adhesives; Electronics & Electrical, Pharmaceutical, Footwear, Photovoltaic Panels, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028 quote

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