Ethylene Vinyl Acetate Resin Market Size To Rise At 6.8% CAGR Through 2027
Market Study Report: The Report 2021-2027 Global Ethylene Vinyl Acetate Resin Market Report explores the essential factors of the Ethylene Vinyl Acetate Resin market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario. The Global Ethylene Vinyl Acetate Resin market has been separated by this report based on the key players profiles, Type, Application and Regions.
Global Ethylene vinyl acetate resin Market size to reach USD 14.4 billion by 2027 and is valued approximately at USD 9.1 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.8% over the forecast period 2021-2027.
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Vinyl acetate monomer and ethylene are used to make EVA resins. They have enhanced stress fracture resistance and can keep their flexibility without the use of plasticizers throughout a wide temperature range of 60??C to 150??C. Because of their qualities such as a high coefficient of friction, low seal initiation temperatures, and great impact resistance, they are widely utilized in the packaging and paper industries, as well as the electrical and electronic industries. Further, the market is driven by the key factors such as Rising Usage in the Solar Industry and Growing Demand from the Packaging Industry. Ethylene vinyl acetate (EVA) is used in solar modules as an encapsulating agent to provide good radiation transmission and low degradability to sunlight. Thus, the growing solar energy industry boost the market growth. For instance, as per Statista, solar energy market is expected to reach USD 422 billion in 2022, in comparison to USD 86 billion in 2015. However, Increasing Threat of Substitutes, may impede market growth over the forecast period of 2021-2027.
Major Ethylene Vinyl Acetate Resin market player included in this report are:
- Celanese Corporation
- Asia Polymer Corporation
- Hanwha Solutions/Chemical Corporation
- LyondellBasell Industries Holdings BV
- Benson Polymers Limited
- Clariant AG
- ExxonMobil Corporation
- Innospec Inc.
- Kemipex
- Braskem
Asia Pacific hold the largest share of global Ethylene vinyl acetate resins market owing to the growth of the packaging and paper, automotive, footwear, solar panels, and pharmaceutical sectors. Furthermore, factors such as increased demand and manufacture of packaging materials, electric autos, and photovoltaic panels for the generation of solar energy boost the regional growth in the forecast years.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
- Very low density ethylene vinyl acetate
- Low density ethylene vinyl acetate
- Medium density ethylene vinyl acetate
- High density ethylene vinyl acetate
By Application:
- Film
- Injection molding
- Comp0unding and wire & cable
- Others non-extrusion
- Others extrusion
By End user Industry:
- Footwear & foams
- Packaging
- Agriculture
- Photovoltaic panels
- Pharmaceuticals
- Others
Global Ethylene Vinyl Acetate Resin Market: regional analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Ethylene Vinyl Acetate Resin market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Furthermore, years considered for the study are as follows:
- Historical year – 2018, 2019
- Base year – 2020
- Forecast period – 2021 to 2027
Frequently Asked Questions
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