The modern-day document posted via Report Ocean, titled “Ethylene Vinyl Acetate (EVA) Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global ethylene vinyl acetate (EVA) resins market was valued at $6,052 million in 2015, and is expected to grow at a CAGR of 7.5% from 2016 to 2022 to reach $10,050 million. Ethylene vinyl acetate (EVA) resins are flexible products compatible with a wide range of polymers and additives. Ethylene and vinyl acetate are the primary raw materials used to manufacture these resins. EVA resins with 18-40% vinyl acetate concentration are used to produce hot melt adhesives. The rate of recrystallization and melt viscosity depends on the choice of EVA resin used for adhesive formulations. EVA with low melt index (MI) offers high strength, viscosity, and hot tack, while high melt index counterparts provide low viscosity and high polymer content.
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The global EVA resins market is driven by the growth of the packaging industry, rise in demand among various end-user industries, such as agriculture and photovoltaic panels. Asia-Pacific is expected to witness substantial growth in the global market, owing to rise in disposable income and increase in population in emerging economies such as China and India. Fluctuation in prices of raw materials and increase in competition from substitutes, including linear low-density polyethylene (LLDPE), are expected to hamper the market growth in the next few years. Newly installed photovoltaic facilities and increase in the number of upcoming solar projects in emerging markets, such as China and India, are expected to provide lucrative potential for market growth.
The global EVA resins market is analyzed on the basis of type, application, end user, and geography. Based on type, the market is divided into vinyl acetate modified polyethylene, thermoplastic ethylene vinyl acetate, and ethylene vinyl acetate rubber. The application areas of the market are broadly classified into film, foam, hot melt adhesives, wire & cable, extrusion coating, solar cell encapsulation, and others (injection molding and medical tubing). The end users of the market are automotive; packaging & paper; paints, coatings & adhesives; electronics & electrical; pharmaceutical; footwear; photovoltaic panels; and others (agriculture and medical). The market is analyzed based on four regions: North America, Europe, Asia-Pacific, and LAMEA.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
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The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
This report provides quantitative analyses of the trends & estimations, and dynamics of the industry from 2014 to 2022 to identify the prevailing market opportunities.
Major countries in each region are mapped according to individual market revenue.
Comprehensive analysis of factors that drive and restrict the growth of ethylene-vinyl acetate (EVA) resins market is provided.
An in-depth analysis of current research and clinical developments within the market is provided, in addition to the key market dynamic factors to determine the market behavior.
Micro-level analysis of the industry is conducted based on type, application, and end user.
Major players operating in this market include the following:
Arkema S.A.
Braskem SA
Celanese Corporation
E.I. du Pont de Nemours and Company
Exxon Mobil Corporation
Formosa Plastics Corporation
Hanwha Chemical Co, Ltd.
Lyondell Basell Industries N.V.
Sinopec Corp.
The DOW Chemical Company
KEY PLAYERS
A. Algeo Ltd.
Andrew Pearson Industries
API S.p.A
BASF-YPC Company Limited.
Hoehn Plastics, Inc.
Honam Petrochemical Corporation
Japan Polychem Corporation
Japan Polyolefins Co., Ltd.
Lanxess Deutschland GmbH
LG Chem Ltd.
Modern Dispersions, Inc.
Polimeri Europa S.R.L
Reliance Industries Limited.
SKC Co., Ltd.
The Polyolefin Company (Singapore) Pte Ltd.
Tosoh Corporation
Ultralon Australia Pty Ltd.
USI Corporation
Versalis S.p.A.
Westlake Chemical Corporation
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KEY MARKET SEGMENTS
By Type
Vinyl Acetate Modified Polyethylene (Low VA Density)
Thermoplastic Ethylene Vinyl Acetate (Medium VA Density)
Ethylene Vinyl Acetate Rubber (High VA Density)
By Application
Film
Foam
Hot Melt Adhesives
Wire & Cable
Extrusion Coating
Solar Cell Encapsulation
Others (Injection Molding and Medical Tubing)
By End User
Automotive
Packaging & Paper
Paints, Coatings & Adhesives
Electronics & Electrical
Pharmaceutical
Footwear
Photovoltaic Panels
Others (Agriculture and Medical)
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Turkey
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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