The global ethylene vinyl acetate market is expected to reach $9.9 billion by 2023


   July 1 2018
According to a new market report published by Lucintel, the future of the ethylene vinyl acetate 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 $9.9 billion by 2023 with a CAGR of 4.8% from 2018 to 2023. The major growth drivers for this market are growth in the various end use industries, and growing demand from packaging sector, especially in food and medical applications, due to its non-toxic nature.

In this market, solar, packaging, footwear, and agriculture are the major end use industries. Lucintel forecasts that solar will remain the largest and highest growth segment over the forecast period supported by growth in solar photovoltaic cells installation in Asia pacific region, especially in China, India, Japan, South Korea, and Taiwan.

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Within the ethylene vinyl acetate market, film will remain the largest application during the forecast period due to increasing awareness about the use of solar energy, which is augmenting the demand for EVA film in photovoltaic cells. Lucintel predicts that the demand for ethylene vinyl acetate for film is likely to experience the highest growth in the forecast period due its growing demand in the areas of solar photovoltaic cells, packaging, and agriculture.

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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 wire & cable. China is the largest market for ethylene vinyl acetate due to its high consumption in footwear, solar, automotive, and wire & cable supported by the high domestic demand.

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. E. I. du Pont de Nemours and Company, Hanwha Chemical, ExxonMobil Corporation, Formosa Plastics Corporation, LyondellBasell Industries NV, Arkema S.A., Celansese Corporation, USI Corporation, Lotte Chemical Corporation, and Versalis S.p.A. are among the major manufactures of ethylene vinyl acetate.

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

By Application [Volume (Million Pounds) and $M shipment analysis for 2012 – 2023]:



  • Film


  • Foam


  • Adhesives                                                        


  • Others                       


By End Use Industry [Volume (Million Pounds) and $M shipment analysis for 2012 – 2023]:



  • Packaging


  • Solar


  • Agriculture


  • Wire & Cable


  • Automotive  


  • Footwear


  • Others


 By Density [Volume (Million Pounds) and $M shipment analysis for 2012 – 2023]:



  • Very low density EVA


  • Low density EVA


  • Medium density EVA


  • High density EVA


 By Region [Volume (Million Pounds) and $M shipment analysis for 2005 – 2023]:



  • North America


  • Europe


  • Asia Pacific


  • The Rest of the World


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