Global Ethylene Vinyl Acetate Market , By Type (Vinyl Acetate-modified Polyethylene (Low VA Density), Thermoplastic Ethylene Vinyl Acetate (Medium VA Density), Ethylene Vinyl Acetate Rubber (High VA Density)), Application (Film, Foam, Hot Melt Adhesives, Wire & Cable, Extrusion Casting, Solar Cell Encapsulation, Others), End-User (Automotive, Packaging & Paper, Paints, Coatings, & Adhesives, Electronics & Electrical, Pharmaceutical, Footwear, Photovoltaic Panels, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Ethylene Vinyl Acetate Market
The ethylene vinyl acetate market will reach at an estimated value of USD 1.93 billion and grow at a rate of 6.25% for the forecast period of 2021 to 2028. Increase in the economic growth in Asia-Pacific countries acts as a vital factor driving the growth of ethylene vinyl acetate market.
Ethylene vinyl acetate (EVA) resins are defined as the manufactured using ethylene and vinyl acetate. They are used in production of foam, packaging film, wire & cable, solar cell encapsulation, and hot melt adhesives, and are composed of 18–40% vinyl acetate. EVA resins are extensively used in the packaging and paper industries, due to their properties such as enhanced flexibility and low sealing temperature.
Rise in the demand from packaging industry is the vital factor escalating the market growth, also rise in the significant growth in solar power industry, increase in the demand from different sectors such as footwear & foam markets, rise in the investment in solar energy generation set-ups and increase in the demand from different sectors such as footwear & foam markets are the major factors among others driving the ethylene vinyl acetate market. Moreover, rise in the introduction of bio-based ethylene vinyl acetate and rise in the research and development activities in the market will further create new opportunities for the ethylene vinyl acetate market in the forecast period of 2021- 2028.
However, increase in threat of substitutes and rising concerns associated with usage of EVA in photovoltaic packaging are the major factors among others acting as restraints, while potential problems with ethylene vinyl acetate photovoltaic encapsulation will further challenge the growth of ethylene vinyl acetate market in the forecast period mentioned above.
This ethylene vinyl acetate market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the ethylene vinyl acetate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Ethylene Vinyl Acetate Market Scope and Market Size
The ethylene vinyl acetate market is segmented on the basis of type, application and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the ethylene vinyl acetate market is segmented into vinyl acetate-modified polyethylene (low VA density), thermoplastic ethylene vinyl acetate (medium VA density) and ethylene vinyl acetate rubber (high VA density)).
- Based on application, the ethylene vinyl acetate market is segmented into film, foam, hot melt adhesives, wire & cable, extrusion casting, solar cell encapsulation and others.
- The ethylene vinyl acetate market is also segmented on the basis of end-user into automotive, packaging & paper, paints, coatings, & adhesives, electronics & electrical, pharmaceutical, footwear, photovoltaic panels and others.
Ethylene Vinyl Acetate Market Country Level Analysis
The ethylene vinyl acetate market is analysed and market size, volume information is provided by country, type, application and end-user as referenced above.
The countries covered in the ethylene vinyl acetate market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the ethylene vinyl acetate market due to rise in the consumption of these resins for electrical & electronics and packaging sectors, rise in the significant growth in solar power industry and increase in the demand from different sectors such as footwear & foam markets in this region.
The country section of the ethylene vinyl acetate market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ethylene Vinyl Acetate Market Share Analysis
The ethylene vinyl acetate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ethylene vinyl acetate market.
The major players covered in the ethylene vinyl acetate market report DuPont, BASF SE, Exxon Mobil Corporation, Royal Dutch Shell, SABIC, LyondellBasell Industries Holdings B.V., Westlake Chemical Corporation, Braskem, Mitsubishi Chemical Corporation, Huntsman International LLC, Uz-Kor Gas Chemical, Praxair Technology, Inc., The Linde Group, NOVA Chemicals Corporation, Dycon Chemicals., Welcome to Süd-Chemie India Pvt Ltd and NIPPON SHOKUBAI CO., LTD among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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