Ethylene Vinyl Acetate Market: Trends, Opportunities and Competitive Analysis [2024-2030]

Ethylene Vinyl Acetate Market: Trends, Opportunities and Competitive Analysis [2024-2030]

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.

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 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]:

• Packaging
• Solar
• Agriculture
• Wires & Cables
• Automotive
• Footwear
• Others

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.

• 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.

Ethylene Vinyl Acetate Market Insight

• 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.

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?

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