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.
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Ethylene vinyl acetate (EVA) Market – Industry Analysis
Chapter 4 Raw Material and Price Trend Analysis
Chapter 5 Market Segmentation – Application Analysis
Chapter 6 Market Segmentation – Regional Analysis
Chapter 7 Company Profiles
Chapter 8 Primary Research - Key Findings
Chapter 9 List of Key Customers