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Ethylene Vinyl Acetate Market 2019 Information by Type (Low Density EVA, Medium Density EVA), Application (Foaming, Film Extrusion, Solar Cell Encapsulation), End-Use Industry (Packaging, Renewable Energy, Adhesives & Sealants), and Region — Global Forecast till 2023Competitive Analysis:
Exxon Mobil Corporation (US), DowDuPont (US), USI Corporation (Taiwan), Celanese Corporation (US), Innospec (US), Arkema SA (France), BASF SE (Germany), LyondellBasell Industries Holdings B.V. (The Netherlands), Infineum International Limited (UK), Porex Corporation (US), United Plastic Components Inc. (Canada), and Clariant AG (Switzerland)
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Market Segmentations:
The global ethylene vinyl acetate (EVA) market has been segmented by type, application, end-use industry, and region. Based on type, the market has been segmented into low density EVA, medium density EVA, and high-density EVA. Medium density EVA segment accounted for the largest share of the global EVA market in 2017 and is expected to register a healthy CAGR during the review period. This market growth can be attributed to the increasing use in numerous applications such as foaming, film extrusion, and injection molding due to their superior properties such as flexibility, transparency, and high chemical resistance among others. High density EVA segment is expected to be the fastest growing segment of the global EVA market on account of increasing use in solar cell encapsulation as it provides enhanced durability and improved performance.
Based on application, the market has been segmented into foaming, film extrusion, solar cell encapsulation, injection molding, hot melt adhesives, coatings, compounding and wires & cables, and others. Foaming segment accounted for the largest share of the global EVA market in 2017. This growth can be attributed to increasing use of EVA foam in shoes, automotive interiors, packaging, and tapes among others. Solar cell encapsulation segment is expected to be the fastest growing segment of the global EVA market on account of rising investment in the solar power plants globally.
Based on end-use industry, the market has been segregated into packaging, renewable energy, adhesives & sealants, footwear, construction, electrical & electronics, automotive, pharmaceuticals, agriculture, and others. Packaging accounted for the largest share of the global EVA market in 2017. The growing packaging industry on account of increasing demand in numerous applications such as medical and food products is propelling the market growth. Renewable energy is likely to be the fastest growing segment on account of increase in number of solar power plants especially in the developing nations.
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Regional Analysis
The Ethylene vinyl acetate (EVA) market has been segmented, by region, into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for the majority share of the EVA market in 2017; the regional market is likely to witness significant growth during the review period. Expanding packaging industry on account of increasing demand from end-use applications such as food products and medical among others is driving the market growth in the region. Increasing demand for packaged and ready-to-eat food products due to improved convenience and longer shelf life of the product is another important factor driving the packaging industry and thus, EVA. Expanding renewable energy industry on account of increasing investment in the solar power plants is likely to propel the market growth. For instance, the Asian Infrastructure Investment Bank (AIIB) has established various renewable energy projects such as a solar power plant in Egypt and a coal replacement project in China as part of its lean, clean, and green motto under the Paris Agreement. The use of energy generated through solar power plants is increasing to meet the rising demand for green energy sources.
North America is a prominent market for EVA as a result of the growing packaging, renewable energy, and footwear industries. Growing footwear industry on account of rising demand for sports shoes has resulted in increased demand for foam and thus, EVA. Additionally, the growth of the pharmaceuticals industry with an increase in healthcare spending coupled with rising geriatric populations is expected to propel the market growth.
The European market is expected to witness significant growth during the review period on account of growth of the packaging industry with increased spending on packaged food products. Increasing environmental regulations by the regulatory agency, ECHA (The European Chemical Agency) to reduce carbon emissions has resulted in increased focus on renewable
Intended Audiences:
Ethylene vinyl acetate manufacturers
Traders and distributors of ethylene vinyl acetate
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratories
TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics Of Global Ethylene Vinyl Acetate Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Technology
5 Market Factor Analysis Of Global Ethylene Vinyl Acetate Market
Continued...
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