Ethylene Vinyl Acetate Market
Ethylene Vinyl Acetate Market (High EVA, Low EVA, and Very Low EVA) for Films, Foams, Hot Melt Adhesives, Photovoltaic Cells, Wires & Cables, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Press Release :
Global Ethyl Vinyl Acetate Market:
The global ethyl vinyl acetate market is on an upward curve over the period spanning 2015 to 2023. A number of factors supports this growth some of which are an increase in demand for films used in packaging, and a wide variety of use in a number of industries. Some of the application of ethyl vinyl acetate are witnessed in hot melt adhesives, wires and cables, and photovoltaic cells.
As per an extensive market study done by Transparency Market Research, the global ethyl vinyl acetate market would chart a decent growth curve over the forecast period, owing to a robust CAGR (Compound Annual Growth Rate). This also means that the market would see new opportunities rising up in the market landscape and an improvement in the worth of market.
Some of the most notable players present in the global ethylene vinyl acetate market are Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., Braskem SA, Hanwha Group, and E.l.du Pont de Nemours and Company.
Photovoltaic Cells to Dominate Global Ethylene Vinyl Acetate Market over the Forecast Period
The global ethylene vinyl acetate market report is segmented by product, and by application. By product the division looks as follows – High EVA, Low EVA, and Very Low EVA. By application, it is divided into - films, foams, hot melt adhesives, photovoltaic cells, wires and cables, and hose and tubing.
The fastest growing segment of global ethylene vinyl acetate market, by application, over the forecast period would be photovoltaic cells owing to increase in efforts towards tapping into solar energy (in renewable energy sources). The number of such projects is going up, especially in countries such as Italy, China, Japan, and the United States.
Asia Pacific to Top Regional Charts in Global Ethylene Vinyl Acetate Market over the Forecast Period
The global ethylene vinyl acetate market report, as prepared by Transparency Market Research, is segmented region wise into North America – The United States of America (U.S.A), and Rest of North America; Europe – Germany, France, the United Kingdom (U.K.), Italy, Spain, and Rest of Europe; Asia Pacific (APAC) – China, Japan, ASEAN, and Rest of Asia Pacific; Latin America – Brazil, and Rest of Latin America; Middle East and Africa – GCC, South Africa, Rest of Middle East and Africa.
From the report’s regional analysis, it can be gathered that the region which will lead the global ethylene vinyl acetate market growth over the forecast period is Asia Pacific. It is worth noting here that in 2014, it accounted for 30% share by volume. And, in the coming years, it will grow at a rapid pace owing to demand arising from various application segments.
The countries in this region are doing an impressive work in terms of driving economic growth and this is leading to an improvement in the level of disposable income. In turn, this is leading to an increase in demand for packaging films - flexible films for personal care products and food and beverages industry.
As per the report, ASEAN will see heavy production of photovoltaic cells. This is also true for China for the forecast period.
It is also worth noting here that the second largest share in the global ethylene vinyl acetate market would be North America owing to projects relating to solar energy, high demand for packaging films in food and beverages industry, and pharmaceuticals, and high disposable income in the region.
Ethylene Vinyl Acetate Market: Overview
Ethylene vinyl acetate (EVA) is a co-polymer of ethylene and vinyl acetate (VA) monomer, wherein the weight percentage of VA varies from 1% to 40%. Ethylene vinyl acetate offers excellent functional properties such as flexibility, toughness, elasticity, impact strength, and adhesive strength. It provides resistance to puncture, environmental stress cracks, and UV radiation. Ethylene vinyl acetate is employed in various applications such as films, foams, hot melt adhesives, photovoltaic cells, and wires & cables. Asia Pacific has been dominating the ethylene vinyl acetate market in terms of demand, followed by North America and Europe, since the past few years. Asia Pacific is expected to maintain its leading position in the market during the forecast period.
The report estimates and forecasts the ethylene vinyl acetate market on the global, regional, and country level. The study provides forecast from 2015 to 2023 based on volume (kilo tons) and revenue (US$ Mn). The report comprises an exhaustive value chain analysis, which provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the EVA market along with their impact on demand during the forecast period. The report analyzes opportunities in the EVA market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources.
The report includes Porter’s Five Forces Model to determine the degree of competition in the EVA market. The report comprises a qualitative write-up on market attractiveness analysis, wherein applications and countries have been analyzed based on attractiveness. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report includes price trend analysis for raw materials (ethylene and vinyl acetate monomer) and ethylene vinyl acetate from 2014 to 2023.
The study provides a comprehensive view of the EVA market by dividing it into product segments such as high EVA, low EVA, and very low EVA. In terms of application, the EVA market has been segmented into films, foams, hot melt adhesives, photovoltaic cells, wires & cables, and others. Product segments and application segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2015 to 2023 in terms of volume (kilo tons) and revenue (US$ Mn).
Regional segmentation includes the current and forecast demand for Ethylene vinyl acetate in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for application segments. Key countries such as the U.S., Germany, Italy, the U.K., France, Spain, China, Japan, Brazil, and South Africa have been included in the study. Market segmentation includes demand for individual applications in all the regions and countries.
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include Exxon Mobil Corporation, Hanwha Group, LyondellBasell Industries Holdings B.V., E. I. du Pont de Nemours and Company, and Braskem SA. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview.
Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.
This report segments the global EVA market as follows:
Ethylene Vinyl acetate (EVA) Market – Product Segment Analysis
- High EVA
- Low EVA
- Very Low EVA
Ethylene Vinyl Acetate (EVA) Market – Application Analysis
- Hot Melt Adhesives
- Photovoltaic Cells
- Wires & Cables
- Others (Including hose & tubing, etc.)
Ethylene Vinyl Acetate (EVA) Market – Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa