June 22, 2024

Ethylene Vinyl Acetate Market Size To Worth USD 19.25 Billion By 2032

The ethylene vinyl acetate market size is poised to grow by $ 19.25 billion by 2032 from $ 11.39 billion in 2023, exhibiting a CAGR of  6% during the forecast period 2023-2032. 

Ethylene Vinyl Acetate Market Size 2023 To 2032

Key Takeaways

  • Asia Pacific contributed more than 43% of revenue share in 2022.
  • North America is estimated to expand the fastest CAGR between 2023 and 2032.
  • By grade, the medium density segment has held the largest market share of 41% in 2022.
  • By grade, the high-density segment is anticipated to grow at a remarkable CAGR of 7.2% between 2023 and 2032.
  • By application, the adhesives segment generated over 35% of revenue share in 2022.
  • By application, the films segment is expected to expand at the fastest CAGR over the projected period

The Ethylene Vinyl Acetate (EVA) market has witnessed significant growth in recent years, driven by its versatile applications across various industries. EVA is a copolymer of ethylene and vinyl acetate, known for its excellent flexibility, impact resistance, and transparency. This copolymer finds widespread use in the production of foams, films, and adhesives, making it a key player in industries such as packaging, footwear, and automotive.

One of the primary growth factors for the EVA market is its extensive application in the packaging industry. EVA-based films are widely used for food packaging, solar panel encapsulation, and laminated glass interlayers. The material’s ability to provide excellent clarity, low-temperature toughness, and good adhesion makes it a preferred choice for packaging solutions, driving demand in this sector.

The footwear industry is another major contributor to the growth of the EVA market. EVA foam, known for its lightweight and shock-absorbing properties, is extensively used in the manufacturing of athletic shoes, sandals, and other footwear products. As consumer preferences lean towards comfortable and performance-oriented footwear, the demand for EVA-based products continues to rise.

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Additionally, the automotive sector has witnessed an increasing adoption of EVA due to its impact resistance and sound insulation properties. EVA foams are used in various automotive components, including interior padding, gaskets, and seals. As the automotive industry continues to focus on lightweight materials for improved fuel efficiency, EVA’s role is expected to expand further.

The growth of the EVA market is also influenced by its use in the solar energy sector. EVA films are utilized in the encapsulation of solar cells, providing protection against environmental factors and ensuring long-term durability. With the growing emphasis on renewable energy sources, the demand for EVA in solar applications is poised for steady growth.

Ethylene Vinyl Acetate Market Scope

Report Coverage Details
Growth Rate from 2023 to 2032 CAGR of 6%
Market Size in 2023 USD 11.39 Billion
Market Size by 2032 USD 19.25 Billion
Largest Market Asia Pacific
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Grade and By Application
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Acrylonitrile butadiene styrene Market Size To Increase USD 32.29 Billion By 2032

Grade

The Ethylene Vinyl Acetate (EVA) market is segmented by grade and application, showcasing its versatile applications across various industries. In terms of grades, EVA is available in a range of formulations, each tailored to meet specific performance requirements. High-density EVA grades are known for their excellent toughness and durability, making them ideal for applications such as packaging materials, footwear, and industrial products. Low-density EVA, on the other hand, is valued for its flexibility and softness, often finding use in products like foam mats, shoe insoles, and medical devices.

Applications

Moving on to applications, EVA demonstrates its adaptability in diverse industries. In the packaging sector, it serves as a crucial component for creating films, sheets, and foams due to its excellent clarity, flexibility, and low-temperature toughness. Footwear manufacturers leverage EVA’s cushioning and shock absorption properties, enhancing the comfort and performance of shoes. Additionally, EVA plays a pivotal role in the solar industry, where it is utilized in photovoltaic encapsulation films for solar modules, providing protection against environmental factors while maintaining optical transparency. These segmented applications underscore the significance of EVA in delivering tailored solutions across different grades and industries.

Reasons to Purchase this Report:

  • Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
  • In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
  • Market size in USD million and volume in million units provided for each segment and sub-segment.
  • Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
  • Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

Ethylene Vinyl Acetate Market Players

  • DuPont
  • ExxonMobil Corporation
  • Hanwha Total Petrochemical Co., Ltd.
  • LyondellBasell Industries N.V.
  • Arkema SA
  • Braskem S.A.
  • Celanese Corporation
  • Sumitomo Chemical Co., Ltd.
  • Formosa Plastics Corporation
  • Sinopec Corporation
  • Tosoh Corporation
  • Saudi Basic Industries Corporation (SABIC)
  • LG Chem Ltd.
  • Westlake Chemical Corporation
  • Repsol S.A.

Segments Covered in the Report

By Grade

  • Low Density
  • Medium Density
  • High Density

By Application

  • Films
  • Adhesives
  • Foams
  • Solar Cell Encapsulation
  • Other Applications

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Ethylene Vinyl Acetate Market 

5.1. COVID-19 Landscape: Ethylene Vinyl Acetate Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Ethylene Vinyl Acetate Market, By Grade

8.1. Ethylene Vinyl Acetate Market Revenue and Volume, by Grade, 2023-2032

8.1.1. Low Density

8.1.1.1. Market Revenue and Volume Forecast (2020-2032)

8.1.2. Medium Density

8.1.2.1. Market Revenue and Volume Forecast (2020-2032)

8.1.3. High Density

8.1.3.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 9. Global Ethylene Vinyl Acetate Market, By Application

9.1. Ethylene Vinyl Acetate Market Revenue and Volume, by Application, 2023-2032

9.1.1. Films

9.1.1.1. Market Revenue and Volume Forecast (2020-2032)

9.1.2. Adhesives

9.1.2.1. Market Revenue and Volume Forecast (2020-2032)

9.1.3. Foams

9.1.3.1. Market Revenue and Volume Forecast (2020-2032)

9.1.4. Solar Cell Encapsulation

9.1.4.1. Market Revenue and Volume Forecast (2020-2032)

9.1.5. Other Applications

9.1.5.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 10. Global Ethylene Vinyl Acetate Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.1.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.1.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.1.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.2.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.2.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.2.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.2.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.2.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.3.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.3.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.3.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.3.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.4.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.4.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.4.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.4.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.5.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, by Grade (2020-2032)

10.5.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)

Chapter 11. Company Profiles

11.1. DuPont

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. ExxonMobil Corporation

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Hanwha Total Petrochemical Co., Ltd.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. LyondellBasell Industries N.V.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Arkema SA

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Braskem S.A.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Celanese Corporation

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Sumitomo Chemical Co., Ltd.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Formosa Plastics Corporation

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Sinopec Corporation

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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