Ethylene Vinyl Acetate Market, By Grade (Low Density, Medium Density, High Density), By Application (Films, Adhesives, Foams, Solar Cell Encapsulation, Other Applications), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Ethylene-vinyl acetate (EVA) is a copolymer of two organic compounds, ethylene and vinyl acetate. The proportion of vinyl acetate to ethylene varies from 10 to 40%. This type of polymer is used in many applications including plastics, coatings, and adhesives. EVA is commonly used for packaging and in various plastic goods applications. It is used as a sealant in dairy and meat packaging, as well as for pipes and wire insulation. It also has a variety of medical uses and is a popular ingredient in thermoplastic mouthguards. In addition, it is used in hot melt adhesives and for the lamination of glass to improve impact resistance.
Market Dynamics:
Demand for Ethylene Vinyl Acetate is expected to rise in the coming years as the demand for solar panels grows. This material is used in the encapsulation of solar panels. Its low degradation rate and high radiation transmission make it ideal for a variety of solar panel applications. Further, a growing awareness of energy conservation and favorable government regulations are likely to drive EVA consumption in alternative end uses. All these factors are projected to augment Ethylene Vinyl Acetate (EVA) market growth.
On contrary, threat from substitute like bio-degradable plastic alternatives is expected to hamper market growth over the forecast period.
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