Global Ethylene Vinyl Acetate Market, By Grade (Low Density, Medium Density, High Density), By Application (Films, Adhesives, Foams, Solar Cell Encapsulation, Other Applications) and opportunities and forecast 2020-2027
Ethylene Vinyl Acetate Market Overview
Besides, there are a large style of applications of ethene vinyl acetate (EVA) as foams in footwear, hockey pads, self-defense gloves, and other sports product because of its damper property. several footwear companies are advertising EVA-based compression-molded foam to manufacture shoes and floats. The demand for ethene vinyl acetate (EVA) within the footwear trade is anticipated to extend within the forecast years. EVA slippers, shoes and sandals are gaining quality because it is light-weight, odorless and cheaper than its alternatives.
The demand within the adhesive trade has seen growth because of the high demand in packaging, textile, coated paper, and handicraft films. With the rising awareness regarding renewable energy resources, the demand for ethene vinyl acetate (EVA) in alternative energy generation has increased. ethene vinyl acetate is employed for the producing of star cells within the method of encapsulation. EVA is employed as associate encapsulation material for crystalline semiconducting material star cells within the manufacture of electrical phenomenon modules. The makers offer EVA to solar battery makers that square measure accustomed turn out electric cell modules etc. because the demand for alternative energy systems has been increasing and is anticipated to extend within the forecast years, the demand for ethene vinyl acetate (EVA) in Renewable Energy trade is anticipated to extend within the forecast years. High VA content EVA is employed during this application. many makers according higher capability utilization and a powerful boost in demand for EVA from the footwear and packaging applications. With the expansion of e-commerce throughout the COVID-19 pandemic, the packaging trade experiences associate accelerated growth, that absolutely compact the EVA market.
The covid-19 Impact on Ethylene Vinyl Acetate Market:
|Market size available for years
|Base year considered
||Value (USD Million)
||Grade ,Application and Region
||North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
||ExxonMobil Corporation, Dow Inc.SIPCHEM , Formosa Plastics Corporation, Hanwha Total Petrochemical.
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount. Ethylene Vinyl Acetate Market Segment Overview
By Grade, High density EVA accounted for the most important share in 2020 ,Extruded sheets are calculable to be the largest kind of EVA. this is often due to its blessings, that include clarity, good surface quality, vary of colours, easy maintenance, surface hardness, light-weight, and easy fabrication.
By Application ,Film application accounted for the largest share in 2020 ,Ethylene Vinyl Acetate (EVA) EVA with 6 June 1944 – 100% vinyl acetate content is commercially used for film applications. Films manufactured using EVA copolymers became the foremost widespread due to their properties, like lower temperature, higher transparency, high impact resistance, thermal stability, elasticity, and hygienic characteristics
Market Analysis, Insights and Forecast – By Grade
· Low Density
· Medium Density
· High Density
Market Analysis, Insights and Forecast – By Application Areas
· Solar Cell Encapsulation
· Other Applications Ethylene Vinyl Acetate Market Regional Overview
Region-wise, in terms of regions, APAC is estimated to be the largest market for EVA . The market within the region is primarily driven by the rising demand for durable plastic products from the footwears, pharmaceuticals, and photovoltaic panels segments.
Ethylene Vinyl Acetate Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA) Ethylene Vinyl Acetate Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Ethylene Vinyl Acetate are highlighted below.
· In 2020, Hanwha Chemical merged with Hanwha Q CELLS and Advanced Materials and got renamed as Hanwha Solution. Ethylene Vinyl Acetate Market, Key Players
· ExxonMobil Corporation,
· Dow Inc.
· SIPCHEM ,
· Formosa Plastics Corporation
· Hanwha Total Petrochemical
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Ethylene Vinyl Acetate market during the forecast period?
A. Ethylene Vinyl Acetate market is expected to record a CAGR of ~ xx% during the forecast period.
Q2. Which segment is projected to hold the largest share in the Ethylene Vinyl Acetate Market?
A. Film segment is projected to hold the largest share in the Ethylene Vinyl Acetate Market.
Q3. What are the driving factors for the Ethylene Vinyl Acetate market?
A. The demand for ethene vinyl acetate (EVA) within the footwear and adhesive is key factors that boost the growth of the Ethylene Vinyl Acetate market progressively
Q4. Which Segments are covered in the Ethylene Vinyl Acetate market report?
A. Grade and Application, and Region, these segments are covered in the Ethylene Vinyl Acetate market report.
Q5. Which are the prominent players offering Ethylene Vinyl Acetate ?
A. ExxonMobil Corporation, Dow Inc. SIPCHEM , Formosa Plastics Corporation, Hanwha Total Petrochemical.