27-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Ethylene Vinyl Acetate Market By Type (VLEVA, LEVA, MEVA, and HEVA) and By Application (Film, Foam, Adhesives, and Others) and By End-User Industry (Packaging, Solar, Agriculture, Wire & Cable, Automotive, Footwear, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global ethylene vinyl acetate market in 2019 was approximately USD 9.5 Billion. The market is expected to grow at a CAGR of 3.5% and is anticipated to reach around USD 12 Billion by 2026.
Ethylene-vinyl acetate is also called poly. It is an ethylene and vinyl acetate copolymer. Typically the weight proportions of vinyl acetate range between one-tenth and one-fourth proportions while the rest being ethylene.
Browse the full “Ethylene Vinyl Acetate Market By Type (VLEVA, LEVA, MEVA, and HEVA) and By Application (Film, Foam, Adhesives, and Others), and By End User Industry (Packaging, Solar, Agriculture, Wire & cable, Automotive, Footwear, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/ethylene-vinyl-acetate-market-by-type-vleva-leva-996
Rapid industrialization and an increase in disposable income across emerging economies, such as India and China are expected to boost the automobile demand. The rapid demand for automobiles generated demand for ethylene-vinyl acetate resins, as they are used widely in molded parts manufacturing, and vehicle bumpers. Significant infrastructure development and growing demand for hot-melt adhesives, extrusion coatings, films, and injection molded components in numerous end-use industries are estimated to propel the ethylene-vinyl acetate market. Owing to the growing industrial base, and manufacturing the ethylene-vinyl acetate market is expected to boost rapidly in the forecasted period. On the other hand, factors such as the availability of economical substitutes and using ethylene vinyl acetate in photovoltaic packaging are projected to slow the market growth. Moreover, the launch of bio-based ethylene-vinyl acetate products is estimated to generate lucrative market growth opportunities.
Based on the type, market is bifurcated into MEVA, VLEVA, HEVA, and LEVA. It is estimated that ethylene-vinyl acetate with high density is expected to generate significant demand owing to its end use in rubber components. Moreover, based on the Application ethylene vinyl acetate market is bifurcated in the categories such as adhesives, foam, film, and others. Adhesives and film applications are projected to generate momentous demand. In Addition to this, according to the end-user, the industry is bifurcated into footwear, packaging, automotive, solar, wire & cable, and agriculture. The augmented demand from the automotive and packaging industry is expected to fetch maximum volume for the market.
According to the region, the ethylene-vinyl acetate Market is segmented into regions like Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. The Asia Pacific is expected to hold the largest market share owing to augmented demand from end-use industries such as packaging, footwear & foam, agriculture, and pharmaceutical in Asia-Pacific. North America is projected to have the second-largest market share followed by Europe. The growth in injection molding adhesives and the film is expected to generate significant demand in the countries. On the other hand regions like the Middle East and Latin America are expected to generate moderate demand for ethylene-vinyl acetate in the forecasted period.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 9.5 Billion |
Projected Market Size in 2026 |
USD 12 Billion |
CAGR Growth Rate |
3.5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
E. I. du Pont de Nemours and Company, Versalis S.p.A., Hanwha Chemical, Lotte Chemical Corporation, USI Corporation, ExxonMobil Corporation, Celanese Corporation, Arkema S.A., LyondellBasell Industries NV, Formosa Plastics Corporation., and others. |
Key Segment |
By Type, Application, End-use industry, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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The market is facing intense competition. Key players in the market include E. I. du Pont de Nemours and Company, Versalis S.p.A., Hanwha Chemical, Lotte Chemical Corporation, USI Corporation, ExxonMobil Corporation, Celanese Corporation, Arkema S.A., LyondellBasell Industries NV, and Formosa Plastics Corporation.
This report segments the ethylene vinyl acetate market as follows:
Global ethylene vinyl acetate Market: By Type Segmentation Analysis
Global ethylene vinyl acetate Market: By Application Segmentation Analysis
- Film
- Foam
- Adhesives
- Others
Global ethylene vinyl acetate Market: By End use industry Segmentation Analysis
- Packaging
- Solar
- Agriculture
- Wire & cable
- Automotive
- Footwear
- Others
Global ethylene vinyl acetate Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
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