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Ethylene Vinyl Acetate Market Trends and Forecast

The future of the global ethylene vinyl acetate (EVA) market looks attractive with opportunities in the packaging, solar, agriculture, wire & cable, footwear, and automotive industries. The global ethylene vinyl acetate market is expected to reach an estimated $16.5 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are growing demand for EVA in food and medical packaging industries and expansion of solar photovoltaic capacity around the globe.
  • Lucintel forecasts that films will remain the largest application segment during the forecast period. It is also expected to witness the highest growth over the forecast period due to increasing awareness of the use of solar energy, which is augmenting the demand for EVA films in photovoltaic cells.
  • Lucintel forecasts that solar will remain the largest end use industry, and it is also expected to witness the highest growth over the forecast period, supported by growth in solar photovoltaic cell installation in the Asia Pacific region, especially in China, India, Japan, South Korea, and Taiwan.
  • Asia Pacific is expected to remain the largest market by value and volume, and it will experience the highest growth over the forecast period, supported by growth in the various end use industries, such as packaging, footwear, solar photovoltaic cells, and wires & cables. China is the largest market for ethylene vinyl acetate due to its high consumption in footwear, solar, automotive, and wires & cables, supported by the high domestic demand.
Ethylene Vinyl Acetate Market by Application, End Use Industry, and Density
 

Asia Pacific is expected to remain the largest market in the Ethylene Vinyl Acetate

  1. United States: Leading companies like DuPont, ExxonMobil Chemical, and LyondellBasell are driving innovations in the US market. Initiatives such as the American Chemistry Council's (ACC) Responsible Care program promote sustainable manufacturing practices in the EVA industry. The US government supports research and development in polymer materials through agencies like the National Science Foundation (NSF). 
  2. Germany: German companies like BASF SE and Celanese Corporation are known for their expertise in EVA production. Government initiatives such as the German Federal Ministry for the Environment's sustainability programs encourage the use of eco-friendly materials like EVA. The German Chemical Industry Association (VCI) promotes innovation and sustainability in the chemical sector. 
  3. China: Chinese companies like Sinopec Corporation and Dow Chemical Company are expanding their EVA production capacities. Government initiatives such as the China Petroleum and Chemical Industry Federation (CPCIF) support technological advancements in the petrochemical industry, including EVA manufacturing. The Ministry of Industry and Information Technology (MIIT) oversees the regulation of the chemical industry. 
  4. Japan: Japanese companies like Mitsui Chemicals, Inc. and Sumitomo Chemical Co., Ltd. are investing in EVA technology. Government initiatives such as the Japan Chemical Industry Association (JCIA) promote research and development in polymer materials like EVA. The Ministry of Economy, Trade and Industry (METI) supports initiatives to enhance the competitiveness of the chemical industry. 
  5. India: Indian companies like Reliance Industries Limited and Indian Oil Corporation Limited are emerging players in the EVA market. Government initiatives such as the Department of Chemicals and Petrochemicals' (DCPC) policies support the growth of the chemical industry, including EVA production. The Ministry of Environment, Forest and Climate Change (MoEFCC) regulates environmental standards in the chemical sector. 
 
Emerging Trends in the Ethylene Vinyl Acetate Market
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for EVA in the medical industry and expansion of the solar industry.
A total of 165 figures / charts and 142 tables are provided in this 261-page report to help in your business decisions. Sample figures with insights are shown below.
Ethylene Vinyl Acetate Market by Segments

Ethylene Vinyl Acetate Market by Segment

In this market, film is the largest application segment, and solar is the largest market by end use industry.

The study includes trends and forecast for the global ethylene vinyl acetate market by application, end use industry, density, and region as follows:

Ethylene Vinyl Acetate Market by Application [Volume (Million Pounds) and $M shipment analysis for 2018 – 2030]:

  • Films
  • Foam
  • Adhesives                                                    
  • Others                       

Ethylene Vinyl Acetate Market by End Use Industry [Volume (Million Pounds) and $M shipment analysis for 2018 – 2030]:

Ethylene Vinyl Acetate Market by Density [Volume (Million Pounds) and $M shipment analysis for 2018 – 2030]:

  • Very low density EVA
  • Low density EVA
  • Medium density EVA
  • High density EVA

Ethylene Vinyl Acetate Market by Region [Volume (Million Pounds) and $M shipment analysis for 2018 – 2030]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Ethylene Vinyl Acetate Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ethylene vinyl acetate companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ethylene vinyl acetate companies profiled in this report includes.

Recent Developments in the Ethylene Vinyl Acetate Market 

  1. Expansion of EVA Production Capacity: A global chemical company has announced plans to expand its production capacity for Ethylene Vinyl Acetate (EVA) to meet the growing demand in various end-use industries such as packaging, footwear, and solar encapsulation. The expansion project involves the construction of a new manufacturing facility equipped with state-of-the-art technology to enhance efficiency and product quality. 
  2. Development of Biodegradable EVA Materials: Researchers at a leading materials science institute have developed a new formulation of Ethylene Vinyl Acetate (EVA) that is biodegradable and environmentally friendly. The biodegradable EVA material offers similar performance characteristics to conventional EVA but decomposes more rapidly, addressing concerns about plastic pollution in the environment. 
  3. Collaboration for Sustainable EVA Supply Chain: Major players in the EVA industry have formed a collaboration aimed at promoting sustainability throughout the EVA supply chain. The initiative involves the development of eco-friendly production processes, recycling programs for EVA waste, and the adoption of renewable energy sources to reduce carbon emissions. 
  4. Introduction of EVA-based Photovoltaic Modules: A leading solar energy company has introduced a new line of photovoltaic modules featuring Ethylene Vinyl Acetate (EVA) encapsulation materials. The use of EVA helps improve the durability and performance of solar panels by providing enhanced protection against moisture, UV radiation, and mechanical stress. 
  5. Investment in EVA Research and Development: Several chemical companies have announced significant investments in research and development focused on advancing EVA technology. The investments aim to develop innovative EVA formulations with improved properties such as higher transparency, better adhesion, and enhanced thermal stability, catering to diverse application needs. 

Features of Ethylene Vinyl Acetate Market

  • Market Size Estimates: Ethylene vinyl acetate market size estimation in terms of value ($M) and volume (Million Pounds)
  • Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
  • Segmentation Analysis: Ethylene vinyl acetate market size by various segments, such as application, density, and end use industry in terms of value and volume
  • Regional Analysis: Ethylene vinyl acetate market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different applications, densities, end use industries, and regions for the ethylene vinyl acetate market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the ethylene vinyl acetate market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the EVA market size?
Answer: The global EVA market is expected to reach an estimated $16.5 billion by 2030          
Q2. What is the growth forecast for EVA market?
Answer: The EVA market is expected to grow at a CAGR of 5.1% from 2024 to 2030.     
Q3. What are the major drivers influencing the growth of the EVA market?
Answer: The major drivers for this market are growing demand for EVA in food and medical packaging industry, due to its non-toxic nature, and expansion of solar photovoltaic capacity around the globe  
Q4. What are the major applications or end use industries for EVA?
Answer: Packaging, solar, agriculture, wire & cable, footwear, and automotive industries are the major end use industries for EVA.          
Q5. What are the emerging trends in EVA market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for EVA in the medical industry and expansion of the solar industry.
Q6. Who are the key EVA companies?
Answer: Some of the key EVA companies are as follows:
  • E. I. du Pont de Nemours and Company
  • Hanwha Chemical
  • ExxonMobil Corporation
  • Formosa Plastics Corporation
  • LyondellBasell Industries NV
  • Arkema S.A.
  • Celanese Corporation
  • USI Corporation
  • Lotte Chemical Corporation
  • Versalis S.p.A.
  • Caudalie
Q7.Which EVA product segment will be the largest in future?
Answer: Lucintel forecasts that films will remain the largest application during the forecast period due to increasing awareness of the use of solar energy, which is augmenting the demand for EVA films in photovoltaic cells.
Q8: In EVA market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest market by value and volume and will experience the highest growth over the forecast period, supported by growth in the various end use industries, such as packaging, footwear, solar photovoltaic cells, and wires & cables.          
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high-growth opportunities for the global ethylene vinyl acetate market by application (film, foam, adhesives, and others), end use industry (packaging, solar, agriculture, wires & cables, automotive, footwear, and others), density (very low density EVA, low density EVA, medium density EVA, and high density EVA), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in this market?
Table of Contents
1. Executive Summary
 
2. Global Ethylene Vinyl Acetate Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1: Macroeconomic Trends and Forecast
3.2: Global Ethylene Vinyl Acetate Market Trends and Forecast
3.3: Global Ethylene Vinyl Acetate Market by Application
3.3.1: Films
3.3.2: Foam
3.3.3: Adhesives
3.3.4: Other Applications
3.4: Global Ethylene Vinyl Acetate Market by End Use Industry
3.4.1: Packaging
3.4.2: Solar
3.4.3: Agriculture
3.4.4: Wires & Cables
3.4.5: Automotive
3.4.6: Footwear
3.4.7: Other End Use Industries
3.5: Global Ethylene Vinyl Acetate Market by Density
3.5.1: Very Low Density EVA
3.5.2: Low Density EVA
3.5.3: Medium Density EVA
3.5.4: High Density EVA
3.6: Global Ethylene Vinyl Acetate Market by Process Type
3.6.1: Autoclave
3.6.2: Tubular
 
4. Market Trends and Forecast Analysis by Region 
4.1: Global Ethylene Vinyl Acetate Market by Region
4.2: North American Ethylene Vinyl Acetate Market
4.2.1: Market by Application: Films, Foam, Adhesives, and Others
4.2.2: Market by End Use Industry: Packaging, Solar, Agriculture, Wires & Cables, Automotive, Footwear, and Others
4.2.3: The United States Ethylene Vinyl Acetate Market
4.2.4: Canadian Ethylene Vinyl Acetate Market 
4.2.5: Mexican Ethylene Vinyl Acetate Market
4.3: European Ethylene Vinyl Acetate Market
4.3.1: Market by Application: Films, Foam, Adhesives, and Others
4.3.2: Market by End Use Industry: Packaging, Solar, Agriculture, Wires & Cables, Automotive, Footwear, and Others
4.3.3: German Ethylene Vinyl Acetate Market
4.3.4: Italian Ethylene Vinyl Acetate Market
4.3.5: Spanish Ethylene Vinyl Acetate Market 
4.3.6: French Ethylene Vinyl Acetate Market
4.3.7: The United Kingdom Ethylene Vinyl Acetate Market
4.4: APAC Ethylene Vinyl Acetate Market
4.4.1: Market by Application: Films, Foam, Adhesives, and Others
4.4.2: Market by End Use Industry: Packaging, Solar, Agriculture, Wires & Cables, Automotive, Footwear, and Others
4.4.3: Chinese Ethylene Vinyl Acetate Market
4.4.4: Japanese Ethylene Vinyl Acetate Market 
4.4.5: Indian Ethylene Vinyl Acetate Market
4.4.6: South Korean Ethylene Vinyl Acetate Market
4.4.7: Taiwanese Ethylene Vinyl Acetate Market
4.5: ROW Ethylene Vinyl Acetate Market
4.5.1: Market by Application: Films, Foam, Adhesives, and Others
4.5.2: Market by End Use Industry: Packaging, Solar, Agriculture, Wires & Cables, Automotive, Footwear, and Others
4.5.3: The Middle Eastern and African Ethylene Vinyl Acetate Market
4.5.4: Central and South American Ethylene Vinyl Acetate Market
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Ethylene Vinyl Acetate Market by Application
6.1.2: Growth Opportunities for the Global Ethylene Vinyl Acetate Market by End Use Industries
6.1.3: Growth Opportunities for the Global Ethylene Vinyl Acetate Market by Density
6.1.4: Growth Opportunities for the Global Ethylene Vinyl Acetate Market by Process Type
6.1.5: Growth Opportunities for the Global Ethylene Vinyl Acetate Market by Region
6.2: Emerging Trends in the Global Ethylene Vinyl Acetate Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion in the Global Ethylene Vinyl Acetate Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Ethylene Vinyl Acetate Market
 
7. Company Profiles of Leading Players
7.1: E. I. du Pont de Nemours and Company 
7.2: Hanwha Chemical
7.3: ExxonMobil Corporation
7.4: Formosa Plastics Corporation
7.5: LyondellBasell Industries NV
7.6: Arkema S.A.
7.7: Celanese Corporation
7.8: USI Corporation 
7.9: Lotte Chemical Corporation
7.10: Versalis S.p.A.
 
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Full Report: Ethylene Vinyl Acetate Market: Trends, Opportunities and Competitive Analysis [2024-2030] Full Report $ 2,990
165 figures/charts and 142 tables are provided in this 261 - page report
Chapter - 1: Executive Summary 6 $ 435
1. Executive Summary
Chapter - 2: Global Ethylene Vinyl Acetate Market Dynamics 9 $ 218
2. Global Ethylene Vinyl Acetate Market Dynamics
2.1 Introduction, Background, and Classifications 
2.2 Supply Chain 
2.3 Industry Drivers and Challenges 
Chapter - 3: Market Trends and Forecast Analysis 99 $ 1,740
3. Market Trends and Forecast Analysis from 2012 to 2023 
3.1 Macroeconomic Trends and Forecasts 
3.2 Global Ethylene Vinyl Acetate Market Trends and Forecast 
3.3 Global Ethylene Vinyl Acetate Market by Application 
3.3.1 Film 
3.3.2 Foam 
3.3.3 Adhesives 
3.3.4 Other Applications 
3.4 Global Ethylene Vinyl Acetate Market by End Use Industries 
3.4.1 Packaging
3.4.2 Solar 
3.4.3 Agriculture
3.4.4 Wire & Cable 
3.4.5 Automotive
3.4.6 Footwear 
3.4.7 Other End Use Industries 
3.5 Global Ethylene Vinyl Acetate Market by Density .
3.5.1 Very Low Density EVA
3.5.2 Low Density EVA 
3.5.3 Medium Density EVA 
3.5.4 High Density EVA 
3.6 Global Ethylene Vinyl Acetate Market by Process Type
3.6.1 Autoclave 
3.6.2 Tubular 
Chapter - 4: Regional Analysis 63 $ 2,248
4. Market Trends and Forecast Analysis by Region 
4.1 Global Ethylene Vinyl Acetate Market by Region 
4.2 North American Ethylene Vinyl Acetate Market 
4.2.1 Market by Application: Film, Foam, Adhesives, and Others 
4.2.2 Market by End Use Industries: Packaging, Solar, Agriculture, Wire & Cable, Automotive, Footwear, and Others 
4.2.3 The United States Ethylene Vinyl Acetate Market 
4.2.4 Canadian Ethylene Vinyl Acetate Market
4.2.5 Mexican Ethylene Vinyl Acetate Market 
4.3 European Ethylene Vinyl Acetate Market 
4.3.1 Market by Application: Film, Foam, Adhesives, and Others 
4.3.2 Market by End Use Industries: Packaging, Solar, Agriculture, Wire & Cable, Automotive, Footwear, and Others 
4.3.3 German Ethylene Vinyl Acetate Market 
4.3.4 Italian Ethylene Vinyl Acetate Market 
4.3.5 Spanish Ethylene Vinyl Acetate Market 
4.3.6 French Ethylene Vinyl Acetate Market 
4.3.7 The United Kingdom Ethylene Vinyl Acetate Market 
4.4 APAC Ethylene Vinyl Acetate Market 
4.4.1 Market by Application: Film, Foam, Adhesives, and Others 
4.4.2 Market by End Use Industries: Packaging, Solar, Agriculture, Wire & Cable, Automotive, Footwear, and Others 
4.4.3 Chinese Ethylene Vinyl Acetate Market 
4.4.4 Japanese Ethylene Vinyl Acetate Market 
4.4.5 Indian Ethylene Vinyl Acetate Market 
4.4.6 South Korean Ethylene Vinyl Acetate Market 
4.4.7 Taiwanese Ethylene Vinyl Acetate Market 
4.5 ROW Ethylene Vinyl Acetate Market 
4.5.1 Market by Application: Film, Foam, Adhesives, and Others 
4.5.2 Market by End Use Industries: Packaging, Solar, Agriculture, Wire & Cable, Automotive, Footwear, and Others 
4.5.3 The Middle East and African Ethylene Vinyl Acetate Market 
4.5.4 Central and South American Ethylene Vinyl Acetate Market
Chapter - 5: Competitor Analysis 12 $ 725
5. Competitor Analysis 
5.1 Product Portfolio Analysis 
5.2 Market Share Analysis 
5.3 Operational Integration 
5.4 Geographical Reach 
5.5 Porter’s Five Forces Analysis 
Chapter - 6: Cost Structure Analysis 3 $ 508
6. Cost Structure Analysis
6.1 Cost of Goods Sold 
6.2 SG&A 
6.3 EBITDA Margin 
Chapter - 7: Growth Opportunities and Strategic Analysis 13 $ 870
7. Growth Opportunities and Strategic Analysis 
7.1 Growth Opportunity Analysis 
7.1.1 Growth Opportunities for the Global Ethylene Vinyl Acetate Market by Application 
7.1.2 Growth Opportunities for the Global Ethylene Vinyl Acetate Market by End Use Industries 
7.1.3 Growth Opportunities for the Global Ethylene Vinyl Acetate Market by Density
7.1.4 Growth Opportunities for the Global Ethylene Vinyl Acetate Market by Process Type 
7.1.5 Growth Opportunities for the Global Ethylene Vinyl Acetate Market by Region
7.2 Emerging Trends in the Global Ethylene Vinyl Acetate Market 
7.3 Strategic Analysis 
7.3.1 New Product Development 
7.3.2 Capacity Expansion in the Global Ethylene Vinyl Acetate Market 
7.3.3 Mergers, Acquisitions, and Joint Ventures in the Global Ethylene Vinyl Acetate Market 
Chapter - 8: Company Profiles of Leading Players 31 $ 508
8. Company Profiles of Leading Players
8.1 E. I. du Pont de Nemours and Company 
8.2 Hanwha Chemical 
8.3 ExxonMobil Corporation 
8.4 Formosa Plastics Corporation
8.5 LyondellBasell Industries NV 
8.6 Arkema S.A. 
8.7 Celanese Corporation 
8.8 USI Corporation 
8.9 Lotte Chemical Corporation 
8.10 Versalis S.p.A. 
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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