Increasing demand for ethylene-vinyl acetate in the global platform is due to its application in footwear, foam, and packaging industry.

The global EVA Market is forecast to reach USD 13.85 Billion by 2028, according to a new report by Reports and Data. Ethylene-vinyl acetate is a copolymer of vinyl acetate and ethylene. The chemical is an extremely elastic and tough thermoplastic that consists of excellent clarity and gloss and with very little odor.

Ethylene-vinyl acetate has many attractive properties, including low cost, good flex-crack and puncture resistance, excellent adhesion for many polar and nonporous substrates, and good heat-sealing and hot-tack. Ethylene-vinyl acetate are used in extrusion film processes for applications, including surface protection, packaging, and greenhouse covers, as well as in photovoltaic cell encapsulation.

The growing focus of global economies to invest in clean power is expected to increase investments and drive the global EVA market in the field of solar energy. Technological advancements such as solar cell encapsulation is one major opportunity in the ethylene-vinyl acetate market.

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Top Lading Players: Exxon Mobil Corporation, BASF SE, E.I. Du Pont De Nemours & Co., Celanese Corporation, Clariant AG, Sipchem, Arkema S.A., Innospec Inc., Lyondellbasell Industries NV, and Hanwha Chemical, among others.

Some Key Highlights from the Report:

• The demand of the global EVA market is rising due to the growing demand for the copolymer in flexible packaging applications in various end-use industries globally.
• Excellent toughness, good stress-crack resistance, and high tensile elongation are some properties of the market product that make it very popular among manufacturers. It has emerged as a high-performing and cost-effective packaging material in several industries.
• Ethylene-vinyl acetate is commonly known as expanded rubber or foam rubber. It is generally used as a shock absorber in sports shoes. Ethylene-vinyl acetate foam is used as padding in equipment for different kinds of sports such as bicycle saddles, ski boots, boxing hockey, pads, and mixed martial arts gloves and helmets, wakeboard boots, fishing reel handles, and fishing rods.
• The footwear segment dominated the market in 2020. Ethylene-vinyl acetate resins are used in the footwear industry as they are lightweight; they can resist compression and are also available in different colors. They are among the most widely used material for shoes. It is also used for the manufacture of outsoles, sock liners, and sometimes even the entire footwear.
• The demand for ethylene-vinyl acetate market in North America is witnessing high growth due to the rising demand from end-use industries, such as packaging, automotive, and electrical & electronics. Even though the demand for the market was affected by the economic slowdown in the region, the majority of these economies were able to recover from the heat of the crisis.

Segments covered in the report:

Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)

• Very Low-Density EVA
• Low-Density EVA
• Medium Density EVA
• High-Density EVA

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)

• Foam
• Extrusion Coating
• Film
• Compounding and Wire & Cable
• Solar cell encapsulation
• Hot melt adhesives

End-User Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)

• Automotive
• Paints, Coatings, and Adhesives
• Packaging and Paper
• Pharmaceutical
• Photovoltaic Panels
• Footwear
• Electronic and Electrical

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Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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