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Ethylene Vinyl Acetate Market grow at a CAGR of 8.9% to 2018
Ethylene vinyl acetate market is subjugated by respective regional players along with the presence of few global players in the key growth markets. The Asia-Pacific is the biggest as well as the fastest growing market of ethylene vinyl acetate. Various market players have integrated their value chains so as to reduce the impact of external environment on the product economics.
China Shenhua Coal to Liquid and Chemical Co. Ltd. (China), Solutia Inc. (U.S.), and Cereplast Inc. (U.S.) were the most active players from 2010 to 2013.
China Shenhua Coal to Liquid and Chemical Co. Ltd. (China), Solutia Inc. (U.S.), Saudi International Petrochemical Company (Saudi Arabia), and Hanwa Chemical (China) held equal shares in the number of strategic initiatives implemented from 2010 to 2013. They together contributed to a share of 55.56% of the total development activities.
Asia polymer Corp. (China) and ExxonMobil Corp. (U.S.) were other active companies in the ethylene vinyl acetate market. Sumotomo Corp. (Japan) focused on increasing its footprint in the market. Sumotomo Corp. (Japan) increased its business potential by strengthening its expansion activities.
In terms of market activities, Hanwa Chemicals (China) was one of the most active players from 2010 to 2013. The company took various efforts to expand its presence in the ethylene vinyl acetate market and to be in line with the market trends by attending various conferences and exhibitions.
The company undertook few expansion activities to enhance its business. It also invested increasingly in R&D to bring together its key technologies under one roof for synergies and resource sharing in technical developments.
As a part of its growth strategy, Hanwa Chemical (China) focused on growing and upgrading its ethylene vinyl acetate capacities, and thus strengthen its global position. It focuses on making its products globally well-positioned and capitalize on the expected high market growth.
Ethylene Vinyl Acetate Market by Type (VLEVA, LEVA, MEVA, HEVA), Application (Film, Extrusion, Non-Extrusion, Injection Molding, Coating, Wire & Cable), End-Uses (Shoes & Foams, Packaging, Photovoltaic Panels) by Geography - Trends & Forecasts to 2018
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