[221 Pages Report] The EVA market size is estimated to be USD 9.7 Billion in 2021 and is projected to reach USD 13.6 Billion by 2026, at a CAGR of 6.8%. EVA is the copolymer of ethylene and vinyl acetate. It is an elastic material with the presence of about 10% – 40% of vinyl acetate content. It is also known as polyethylene vinyl acetate (PEVA), with high flexibility and softness. EVA also possesses good clarity and gloss, low-temperature toughness, stress crack resistance, high friction coefficient, hot-melt adhesive waterproof properties, and resistance to UV radiations. These copolymers are used in various end-use industries such as footwear & foams, packaging, agriculture, photovoltaic encapsulation, and others end-use industries.
EVA is a versatile, recyclable, sustainable, and durable material, owing to which it is gaining traction across several industrial applications. Due to its superior properties and the changing government policies such as European Green Deals, the global market for EVA is expected to grow
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Due to COVID-19 pandemic, the suspension of manufacturing operation, disruption of supply chain, and declining demand for industrial goods had significant impact on the market. However, due to COVID-19 pandemic, the demand for pharmaceutical industry goods has risen, which, in turn, support for the growth of EVA market. At the same time, due to panic situation, people stock the hygiene products across the globe that drives the market. However, the end-use industries like footwear and foam were affected by the pandemic.
The global solar power industry is witnessing experiencing strong growth owing to massive government’s large investment by the governments of different developed and developing nations. to promote renewable energy. Solar power is one of the most reliable and clean sources of energy and is a sustainable alternative to fossil fuels that are largely responsible for polluting the environment and contributing to global warming. Ethylene vinyl acetate (EVA) is used in solar modules as an encapsulating agent to provide good radiation transmission and low degradability to sunlight. Also, it is used to forms a sealing and insulating films around the solar cells.
LDPE is considered as one of the substitutes for EVA copolymers soon due to its comparatively low-cost and approximately the same properties. Since EVA with lower vinyl acetate content has faced competition with metallocene LDPE, many producers are focusing on differentiated or value-added products with a high concentration of vinyl acetate by increasing the vinyl acetate content in EVA copolymers.
The replacement of petroleum-based EVA copolymers with bio-based EVA copolymers can prove as a milestone in the polymer industry Bio-based EVA is made from sugarcane, which is a sustainable resource that helps to reduce greenhouse gas emissions by capturing CO2. Green EVA is suitable for usage in footwear, toys, general foams, and a variety of other applications for those looking to incorporate it into a new product concept.
There are also some drawbacks of EVA copolymers used in encapsulation. EVA copolymers start decomposing when exposed to atmospheric water or ultraviolet radiation and starts producing acetic acid at a slow rate, leading to the a lowered level of pH and increased surface corrosion
Extruded sheets are estimated to be the largest form of EVA. This is due to its advantages, which include clarity, good surface quality, range of colors, easy maintenance, surface hardness, lightweight, and easy fabrication.
Ethylene Vinyl Acetate (EVA) EVA with 6% – 10% vinyl acetate content is commercially used for film applications. Films manufactured using EVA copolymers became the most widespread due to their properties, such as lower melting point, higher transparency, high impact resistance, thermal stability, elasticity, and hygienic characteristics
APAC is estimated to be the largest market for EVA and is projected to reach USD 8,740 Million by 2026. The market in the region is primarily driven by the rising demand for durable plastic products from the footwears, pharmaceuticals, and photovoltaic panels segments.
The EVA market comprises major manufacturers such as ExxonMobil Corporation (US), Dow Inc. (US), SIPCHEM (Saudi Arabia), Formosa Plastics Corporation (Taiwan), and Hanwha Total Petrochemical are the key players operating in the EVA market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the EVA s market.
Market size available for years
Base year considered
Value (USD Million) and Volume (Million Square Meter)
By Type, Application, End-use and Region
North America, Asia Pacific, Europe, South America, and Middle East & Africa
ExxonMobil Corporation (US), Dow Inc. (US), SIPCHEM (Saudi Arabia), Formosa Plastics Corporation (Taiwan), and Hanwha Total Petrochemical
This research report categorizes the EVA market based on resin type, backing material, a, and region.
What are the major drivers influencing the growth of the EVA market?
The major drivers influencing the growth of EVA are increasing demand from the photovoltaic panels and pharmaceutical industry.The major drivers influencing the growth of EVA are increasing demand from the photovoltaic panels and pharmaceutical industry.
What are the major challenges in the EVA market?
The major challenges in EVA market is problem faced in photovoltaic encapsulation.
What are the different applications of EVA?
EVA find their applications in various end-use industries such as footwear & foams, packaging, agriculture, photovoltaic encapsulation, and others. The applications of these have been constantly increasing owing to constant innovation.
What is the impact of COVID-19 pandemic on the EVA market?
Owing to the COVID-19 pandemic, there has been a mixed impact on the EVA market across the globe. The demand from the pharmaceutical industry has increased due to rising health concerns among the consumers, also there is an increase in the demand of films due to high packaging applications whereas in footwears, and in others, the demand for EVA was declined.
What are the industry trends in EVA market?
In the recent past, several manufacturers have expanded their production facilities to cater to the rising demand for EVA and enhance their presence in the target market. Along with this, to alleviate the competitive scenario, these key players are focusing on expanding their regional presence particularly in the Asia Pacific. .
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TABLE OF CONTENTS
1.1. OBJECTIVES OF THE STUDY
1.2. MARKET DEFINITION
1.3. MARKET SCOPE
1.3.1. MARKETS COVERED
1.3.2. YEARS CONSIDERED FOR THE STUDY
2 RESEARCH METHODOLOGY
2.1. RESEARCH DATA
2.1.1. SECONDARY DATA
220.127.116.11. Key Data from Secondary Sources
2.1.2. PRIMARY DATA
18.104.22.168. Key Data from Primary Sources
22.214.171.124. Key Industry Insights
126.96.36.199. Breakdown of Primary Interviews
2.2. MARKET SIZE ESTIMATION
2.3. DATA TRIANGULATION
2.3.1. RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1. ATTRACTIVE OPPORTUNITIES IN THE ETHYLENE VINYL ACETATE MARKET, REGIONAL ANALYSIS
4.2. ETHYLENE VINYL ACETATE MARKET, DEVELOPING VS DEVELOPED NATIONS
4.3. ETHYLENE VINYL ACETATE MARKET, BY TYPE
4.4. ETHYLENE VINYL ACETATE MARKET, BY APPLICATION
4.5. ETHYLENE VINYL ACETATE MARKET, BY END-USE INDUSTRY
5 MARKET OVERVIEW
5.2. MARKET SEGMENTATION
5.2.1. ETHYLENE VINYL ACETATE MARKET, BY TYPE
5.2.2. ETHYLENE VINYL ACETATE MARKET, BY APPLICATION
5.2.3. ETHYLENE VINYL ACETATE MARKET, BY BY END-USE INDUSTRY
5.3. MARKET DYNAMICS
6 INDUSTRY TRENDS
6.2. VALUE CHAIN ANALYSIS
6.3. REGULATORY ANALYSIS
6.4. PATENT ANALYSIS
6.5. PORTER’S FIVE FORCES ANALYSIS
6.5.1. BARGAINING POWER OF SUPPLIERS
6.5.2. THREAT OF NEW ENTRANTS
6.5.3. THREAT OF SUBSTITUTES
6.5.4. BARGAINING POWER OF BUYERS
6.5.5. INTENSITY OF RIVALRY
6.6 TRADE ANALYSIS
7 ETHYLENE VINYL ACETATE, BY TYPE
7.1.1 VERY LOW DENSITY ETHYLENE VINYL ACETATE
7.1.2 LOW DENSITY ETHYLENE VINYL ACETATE
7.1.3 MEDIUM DENSITY ETHYLENE VINYL ACETATE
7.1.4 HIGH DENSITY ETHYLENE VINYL ACETATE
8 ETHYLENE VINYL ACETATE, BY APPLICATION
8.1.2 INJECTION MOLDING
8.1.3 COMP0UNDING AND WIRE & CABLE
8.1.4 OTHERS NON-EXTRUSION
8.1.5 OTHERS EXTRUSION
8.1.6 EXTRUSION COATING
8.1.7 PRINTING INK
9 ETHYLENE VINYL ACETATE, BY END-USE INDUSTRY
9.1.1 PHOTOVOLTAIC PANELS
9.1.2 FOOTWEAR & FOAMS
8 ETHYLENE VINYL ACETATE, BY REGION
8.1.4. SOUTH KOREA
4.1.9 REST OF APAC
8.2. NORTH AMERICA
8.3.5. REST OF EUROPE
8.3. REST OF WORLD
8.3.1. SAUDI ARABIA
9 IMPACT OF COVID-19 ON ETHYLENE VINYL ACETATE MARKET
9.2. COVID IMPACT ON RAW MATERIALS
9.3. COVID IMPACT ON END-USE INDUSTRY
9.4. TOP GAINERS FROM COVID-19
9.5. TOP LOSERS FROM COVID-19
10 COMPETITIVE LANDSCAPE
10.3. MOST ACTIVE PLAYERS AND DEVELOPMENTS
10.4. COMPETITIVE SITUATION AND TRENDS
10.4.2. MERGER & ACQUISITIONS
10.4.3. NEW PRODUCT DEVELOPMENTS
10.4.4. PARTNERSHIPS & AGREEMENTS
10.5. TOP5 COMPANIES MARKET SHARE ANALYSIS
11 COMPANY PROFILE
11.1. EXXON MOBIL CORPORATION
11.1.1. BUSINESS OVERVIEW
11.1.2. PRODUCTS OFFERED
11.1.3. RECENT DEVELOPMENTS
11.1.4. WINNING IMPERATIVES
11.1.5. CURRENT FOCUS AND STRATEGIES
11.1.6. THREAT FROM COMPETITION
11.2. DOW INC.
11.2.1. BUSINESS OVERVIEW
11.2.2. PRODUCTS OFFERED
11.2.3. RECENT DEVELOPMENTS
11.2.4. WINNING IMPERATIVES
11.2.5. CURRENT FOCUS AND STRATEGIES
11.2.6. THREAT FROM COMPETITION
11.3. HANWHA TOTAL PETROCHEMICAL
11.3.1. BUSINESS OVERVIEW
11.3.2. PRODUCTS OFFERED
11.3.3. RECENT DEVELOPMENTS
11.3.5. WINNING IMPERATIVES
11.3.6. CURRENT FOCUS AND STRATEGIES
11.3.7. THREAT FROM COMPETITION
11.4. FORMOSA PLASTICS CORPORATION
11.4.1. BUSINESS OVERVIEW
11.4.2. PRODUCTS OFFERED
11.4.3. RECENT DEVELOPMENTS
11.4.4. WINNING IMPERATIVES
11.4.5. CURRENT FOCUS AND STRATEGIES
11.4.6. THREAT FROM COMPETITION
11.5. LG CHEMICAL
11.5.1. BUSINESS OVERVIEW
11.5.2. PRODUCTS OFFERED
11.5.3. RECENT DEVELOPMENTS
11.5.5. WINNING IMPERATIVES
11.5.6. CURRENT FOCUS AND STRATEGIES
11.5.7. THREAT FROM COMPETITION
11.6. SUMITOMO CHEMICAL CO., LTD.
11.6.1. BUSINESS OVERVIEW
11.6.2. PRODUCTS OFFERED
11.6.3. RECENT DEVELOPMENTS
11.6.4. WINNING IMPERATIVES
11.6.5. CURRENT FOCUS AND STRATEGIES
11.6.6. THREAT FROM COMPETITION
11.7. BRASKEM SA
11.7.1. BUSINESS OVERVIEW
11.7.2. PRODUCTS OFFERED
11.7.3. RECENT DEVELOPMENTS
11.7.4. WINNING IMPERATIVES
11.7.5. CURRENT FOCUS AND STRATEGIES
11.7.6. THREAT FROM COMPETITION
11.8.1. BUSINESS OVERVIEW
11.8.2. PRODUCTS OFFERED
11.8.3. RECENT DEVELOPMENTS
11.8.4. WINNING IMPERATIVES
11.8.5. CURRENT FOCUS AND STRATEGIES
11.8.6. THREAT FROM COMPETITION
11.9. LYONDELLBASELL INDUSTRIES N.V.
11.10. CELANESE CORPORATION
11.11. BASF SE
11.12. SK GLOBAL CHEMICAL CO., LTD.
11.13. CLARIANT AG
11.14. USI CORPORATION
11.15. MITSUI CHEMICALS, INC.
11.16. OTHER 10 PLAYERS’ SHORT PROFILES
*Note: This is a tentative list of companies and it may change during the course of study. Financial will be only provided for listed companies.
12.1. INSIGHTS FROM INDUSTRY EXPERTS
12.2. DISCUSSION GUIDE
12.3. AVAILABLE CUSTOMIZATIONS
12.4. CONNECTED MARKET
12.5. RELATED REPORTS
The study involved four major activities for estimating the current size of the global EVA market. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The COVID-19 pandemic impact on the demand regarding end-use industries, application areas, and countries was comprehended. The next step was to validate these findings, assumptions and sizes with the industry experts across the supply chain of EVA market through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the EVA market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.
In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect this study's EVA market. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; regulatory bodies, trade directories, and databases.
Various primary sources from both the supply and demand sides of the EVA market were interviewed to obtain qualitative and quantitative information. The primary sources from the supply-side included industry experts, such as Chief Executive Officers (CEOs), vice presidents, marketing directors, sales professionals, and related key executives from various leading companies and organizations operating in the EVA market industry. The primary sources from the demand side included key executives from end-use industries. The breakdown of the profiles of primary respondents is as follows:
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Both the top-down and bottom-up approaches were used to estimate and validate the global EVA market size. These approaches were also used extensively to estimate the size of various segments of the market. The research methodology used to estimate the market size included the following details:
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments of the EVA market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.
With the given market data, MarketsandMarkets offers customizations according to client-specific needs.
The following customization options are available for the EVA market report:
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