Chemical

According to a new market report published by Lucintel, the future of the 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 $11.8 billion by 2027 with a CAGR of 5.4% from 2021 to 2027. The major drivers for this market are growing demand for EVA in food and medical packaging industry and expansion of solar photovoltaic capacity around the globe.

In this market, films, foam, and adhesives are the major applications. Lucintel forecasts that films will remain the largest application 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 in the ethylene vinyl acetate market. 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 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.

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., Celanese Corporation, USI Corporation, Lotte Chemical Corporation, and Versalis S.p.A. are among the major manufacturers of ethylene vinyl acetate.

Lucintel, the leading global strategic consulting and market research firm, has analyzed growth opportunities in the global ethylene vinyl acetate market by application, end use industry, density, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Ethylene Vinyl Acetate Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global ethylene vinyl acetate market by application, end use industry, density, and region as follows:























This 261-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/ethylene-vinyl-acetate-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.

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 (films, 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 the 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?