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.
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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