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Ethylene Vinyl Acetate Resins: Introduction

  • Rise in usage of ethylene vinyl acetate (EVA), especially in the packaging industry, is a key trend that is driving the global ethylene vinyl acetate resins market. Growth in transportation and packaging industries has boosted the demand for ethylene vinyl acetate resins Ethylene vinyl acetate resins are used extensively in food and medical packaging applications owing to their effective and flexible packaging properties. This is a key factor estimated to drive the market in the next few years.

Key Drivers and Restraints of Global Ethylene Vinyl Acetate Resins Market

  • The ethylene vinyl acetate resins market has developed significantly of late. This can be primarily ascribed to high performance and increasing recognition of resins globally. Asia Pacific is the major region of the global ethylene vinyl acetate resins market owing to the expanding assembling and modern base in the region. It is a significant end buyer of medium thickness ethylene vinyl acetate. Furthermore, requirement for superior materials for films is pushing the interest for ethylene vinyl acetate at an impressive pace in the region. Rise in mechanical improvements is estimated to drive the demand for ethylene vinyl acetate in the region.

Ethylene Vinyl Acetate Resins: Type Segment

  • In terms of type, the global ethylene vinyl acetate resins market can be segmented into vinyl acetate-modified polyethylene, thermoplastic ethylene vinyl acetate, ethylene vinyl acetate rubber, and others
  • The vinyl acetate-modified polyethylene segment is expected to account for significant share of the global ethylene vinyl acetate resins market during the forecast period. It is anticipated to be followed by the thermoplastic ethylene vinyl acetate segment.

Ethylene Vinyl Acetate Resins: Application Segment

  • In terms of application, the global ethylene vinyl acetate resins market can be segmented into film, foam, hot melt adhesives, wires & cables, extrusion coating, solar cell encapsulation, and others
  • The film segment is estimated to expand at a rapid pace during the forecast period. It is projected to be followed by the foam segment.

Ethylene Vinyl Acetate Resins: End-use Segment

  • In terms of end-use, the global ethylene vinyl acetate resins market can be segmented into automotive, packaging, paints & coatings, adhesives, electronic & electrical, pharmaceutical, footwear, photovoltaic panels, and others
  • The automotive segment is estimated to expand at a rapid pace during the forecast period. It is projected to be followed by the packaging segment.

COVID-19 Impact on Ethylene Vinyl Acetate Resins Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • Manufacture of various consumer goods and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the ethylene vinyl acetate resins market.

North America to Dominate Ethylene Vinyl Acetate Resins Market

  • In terms of region, the global ethylene vinyl acetate resins market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America dominated the global ethylene vinyl acetate resins market in 2020. This trend is anticipated to continue during the forecast period. This can be ascribed to the higher production and consumption of resins, especially in the U.S. However, the ethylene vinyl acetate resins market in Asia Pacific is anticipated to expand at a rapid pace in the near future.

Key Manufacturers Operating in Global Ethylene Vinyl Acetate Resins Market

The global ethylene vinyl acetate resins market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global ethylene vinyl acetate resins market include:

  • Arkema S.A.
  • Braskem S.A.
  • Celanese Corporation
  • Dow Chemical Company
  • Exxon Mobil Corporation
  • Fajr Kerman Petrochemical Complex (FKPC)
  • Hanwha Chemical Corporation
  • Lotte Chemical Corporation
  • LyondellBasell Industries Holding B.V.
  • Sinopec Corporation
  • Formosa Plastics Corporation

Global Ethylene Vinyl Acetate Resins Market: Research Scope

Global Ethylene Vinyl Acetate Resins Market, by Type

  • Vinyl Acetate-modified Polyethylene
  • Thermoplastic Ethylene Vinyl Acetate
  • Ethylene Vinyl Acetate Rubber
  • Others

Global Ethylene Vinyl Acetate Resins Market, by Application

  • Film
  • Foam
  • Hot Melt Adhesives
  • Wires & Cables
  • Extrusion Coating
  • Solar Cell Encapsulation
  • Others

Global Ethylene Vinyl Acetate Resins Market, by End-use

  • Automotive
  • Packaging
  • Paints & Coatings
  • Adhesives
  • Electronic & Electrical
  • Pharmaceutical
  • Footwear
  • Photovoltaic Panel
  • Others

Global Ethylene Vinyl Acetate Resins Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Ethylene Vinyl Acetate Resins Market