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Ethylene Vinyl Acetate Market to Gain a Stronghold by 2032
4 months ago
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Ethylene Vinyl Acetate Market to Gain a Stronghold by 2032

The global ethylene vinyl acetate market has reached US$ 8.99 billion, and is forecast to progress at a CAGR of 2.4% to climb to a market valuation of US$ 11.37 billion by 2032.

Ethylene vinyl consumption accounts for around 3%-4% revenue of the global elastomeric polymer market. Growing application of ethylene vinyl acetate in several end-use verticals such as agriculture, pharmaceuticals, packaging, footwear, foam, and others will increase this revenue share by 1%-2% over the forecast period.

Key Companies

  • Arkema Group

  • ARLANXEO Holding B.V.

  • Asia Polymer Corporation

  • Braskem S.A.

  • Celanese Corporation

  • Clariant AG

  • Dow Chemical Company

  • ExxonMobil Corporation

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Competitive Landscape

The global market for EVA is highly consolidated with only a few tier-1 manufacturers occupying a large share of the market. The focus of major players across the world is mostly on product development and distribution network expansion.

Prominent players in the market follow the competitive market pricing strategy in the ethylene vinyl acetate market. Companies are entering into collaborations and partnerships with end-use industries to bolster their consumer base.

  • ExxonMobil Corporation, in 2019, acquired Materia, Inc. The high structural performance company is a Nobel prize-winning firm for the technology for manufacturing a new class of materials.

  • Celanese Corporation, in 2019, announced the acquisition of Next Polymers Ltd. This acquisition is likely to lead to rapid growth in the Indian business and broaden the company’s ability to serve nylon and other engineered materials coupled with offering a wide range of polymer products over the coming years.

Industry Research by Category

  • By Product Type :

  • Very Low Density EVA

  • Low Density EVA

  • Medium Density EVA

  • High Density EVA

  • By End-use Industry :

  • Footwear & Foam

  • Packaging

  • Agriculture

  • Photovoltaic Panels

  • Pharmaceuticals

  • Other End-use Industries

  • By Region :

  • North America

  • Latin America

  • Europe

  • APAC

  • MEA

Which Factors are Responsible for Increasing EVA Demand?

“High EVA Usage in Packaging Applications”

Ethylene vinyl acetate does not utilize chlorine in its manufacturing process, and due to this, it is considered a prominent material for packaging applications. Moreover, application of EVA provides flexible, durable, cost-effective, and sustainable packaging solutions.

EVA demand is poised to benefit from an increase in demand for elastomer polymers during the forecast period. Swelling application of elastomer polymers in footwear, packaging, pharmaceuticals, and agriculture will supplement demand for ethylene vinyl acetate over the coming years.

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