Global Ethylene Vinyl Acetate Market Overview 

The Ethylene Vinyl Acetate (EVA) Market size is estimated to reach $9.1 Billion by 2026, growing at a CAGR of 7.1% over the forecast period of 2021-2026. 

Ethylene-vinyl acetate (EVA) is a copolymer of ethylene and vinyl acetate, sometimes known as poly (ethylene-vinyl acetate) (PEVA). The percentage of vinyl acetate in the final product ranges from 10 to 40%, with the rest being ethylene. 

There are three forms of EVA copolymer, each with a different amount of vinyl acetate (VA) and a distinct technique of using the components. Vinyl acetate modified polyethene is a term used to describe an EVA copolymer with a low concentration of VA (about 4%). 

It's a copolymer used to make thermoplastics, similar to low-density polyethylene. Food and beverage manufacturing, footwear manufacturing, vehicle manufacturing, athletic products, automotive parts, films, foams, medical equipment, toy manufacture, and many more industries utilize it. 

Due to developments in chemical compositions, formulations, development, and production method, the Ethylene Vinyl Acetate market is constantly changing. The key drivers for this business are ever-changing technology and new product lines.

COVID 19 Impacts:

The COVID-19 pandemic has impacted every industry sector across the world. Research Informatic are constantly apprehending the influence of the COVID-19 pandemic on different domains of the industry. Our research reports provide comprehensive research of COVID-19, which will guide you to understand the significant growth driving and restraining factors. Furthermore, the Global Ethylene Vinyl Acetate (EVA) research report helps you with the statistics, revised government policies, and many other valuable understandings.

Key Takeaways from Ethylene Vinyl Acetate Market Report:

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for type, applications, end-use, and by different industry verticals.
• Understand the market dynamics – key driving factors, challenges, and hidden opportunities.
• Get in-depth insights on your competitor's performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes.
• Get a quick outlook on the market entropy – M&As, deals, partnerships, product launches of all key players for the past 4 years.
• Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.

Market Dynamics

Driver: Growing end-use applications for EVA to drive the market demand

The demand for flexible characteristics, water resistance, and fracture resistance have become vital in most businesses in today's technologically sophisticated world. Furthermore, the rising demand for low-cost raw materials fuels EVA demand. Conventional rubber processing procedures may be used to process EVA.

Packaging, footwear components such as soccer shoe cleats, encapsulation of photovoltaic cells, manufacture of films and foams, flexible hose, medicine delivery devices, and other sporting goods are just a few of the applications for Ethylene Vinyl Acetate.

Challenge: Ethylene vinyl acetate photovoltaic encapsulation can cause difficulties limiting the market growth.

Ethylene vinyl acetate photovoltaic encapsulation can cause difficulties limiting market growth over the forecast period 2021-2026.

By type, the High-Density Ethylene-vinyl acetate (EVA) market is estimated to grow at the highest CAGR during the forecast period.

Based on Nature, the Ethylene vinyl acetate (EVA) Market is segmented into Very low-density Ethylene Vinyl Acetate, Low- density Ethylene Vinyl Acetate, Medium – Density Ethylene Vinyl Acetate, High Density Ethylene Vinyl Acetate.

High Density Ethylene Vinyl Acetate dominated the Ethylene Vinyl Acetate Market in 2020. High Density Ethylene Vinyl Acetate is fastest growing with a CAGR of 7.7% over 2021-2026. Extruded sheets are thought to be the most common kind of EVA. Its benefits include clarity, superior surface quality, a wide color range, ease of maintenance, surface hardness, lightweight, and simple manufacture.

By Application, Film is estimated to grow at the highest CAGR during the forecast period.

In 2020, the Film segment accounted for the most significant share of the market. It is predicted to increase at a CAGR of 7.6% throughout the forecast period. Ethylene Vinyl Acetate (EVA) is a kind of ethylene (EVA). 

Commercially, EVA with a vinyl acetate content of 6%–10% is employed in film applications. Because of its qualities, such as lower melting point, increased transparency, strong impact resistance, thermal stability, elasticity, and sanitary characteristics, EVA copolymer films have become the most widely used.

Geographical Overview

North America to account for the largest market share during the forecast period.

The Asia Pacific dominated the Ethylene Vinyl Acetate with a share of 37.9% in 2020. China has the largest economy in the Asia-Pacific area in terms of GDP. Even with the trade disruptions generated by the country's trade war with the United States, the country's GDP grew by roughly 6.1 percent in 2019.

Although China was the first country hit by COVID-19 and the ensuing lockdown, it was also the first to be released. However, the country has been plagued with COVID-19 outbreaks, which have resulted in temporary lockdowns on occasion.

In the first quarter of 2020, the country's manufacturing sector suffered a huge setback, resulting in a 6.8% reduction in GDP, the lowest in years. North America is set to grow fastest in the forecast period.

Key Market Players

Key Players in Ethylene Vinyl Acetate consist of ExxonMobil Corporation (US), Dow Inc. (US), SIPCHEM (Saudi Arabia), Formosa Plastics Corporation (Taiwan), and Hanwha Total Petrochemical, among others.

Developments

In 2020, Tosoh Corporation Company launched the full-scale operation of its new main research building located in Shuan city, China.

Report Coverage and Scope

The report "Ethylene Vinyl Acetate (EVA) Market" by Research Informatic covers an in-depth detailed analysis for the following segment, covered under the scope.

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
• Compounding with wire and cable
• Extrusion Coating
• Printing Ink
• Others

By End-Use

• Photovoltaic panels
• Footwear's & Foams
• Packaging
• Agriculture
• Pharmaceuticals
• Others

Geography

• North America
• Europe
• APAC
• RoW

SWOT analysis:

The report is created based on comprehensive SWOT analysis and Porter's five force analysis tools; the strengths, weaknesses, opportunities, and combinations of key companies are extensively figured out in the report.

Furthermore, every prominent player in the global market is outlined with their associated details such as product types, market overview, marketing strategies, production base, applications, and other specifications.

Global Ethylene Vinyl Acetate Market Growth, Trend and Forecast 2021-2028

Chapter 1 Ethylene Vinyl Acetate Market Overview
1.1 Product Overview and Scope of Ethylene Vinyl Acetate
1.2 Ethylene Vinyl Acetate Market Segmentation by Type
1.2.1 Global Production Market Share of Ethylene Vinyl Acetate by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Ethylene Vinyl Acetate Market Segmentation by Application
1.3.1 Ethylene Vinyl Acetate Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Ethylene Vinyl Acetate Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Ethylene Vinyl Acetate (2014-2028)

Chapter 2 Global Economic Impact on Ethylene Vinyl Acetate Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Ethylene Vinyl Acetate Market Competition by Manufacturers
3.1 Global Ethylene Vinyl Acetate Production and Share by Manufacturers (2020 and 2020)
3.2 Global Ethylene Vinyl Acetate Revenue and Share by Manufacturers (2020 and 2020)
3.3 Global Ethylene Vinyl Acetate Average Price by Manufacturers (2020 and 2020)
3.4 Manufacturers Ethylene Vinyl Acetate Manufacturing Base Distribution, Production Area and Product Type
3.5 Ethylene Vinyl Acetate Market Competitive Situation and Trends
3.5.1 Ethylene Vinyl Acetate Market Concentration Rate
3.5.2 Ethylene Vinyl Acetate Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Ethylene Vinyl Acetate Production, Revenue (Value) by Region (2014-2021)
4.1 Global Ethylene Vinyl Acetate Production by Region (2014-2021)
4.2 Global Ethylene Vinyl Acetate Production Market Share by Region (2014-2021)
4.3 Global Ethylene Vinyl Acetate Revenue (Value) and Market Share by Region (2014-2021)
4.4 Global Ethylene Vinyl Acetate Production, Revenue, Price and Gross Margin (2014-2021)
4.5 North America Ethylene Vinyl Acetate Production, Revenue, Price and Gross Margin (2014-2021)
4.6 Europe Ethylene Vinyl Acetate Production, Revenue, Price and Gross Margin (2014-2021)
4.7 China Ethylene Vinyl Acetate Production, Revenue, Price and Gross Margin (2014-2021)
4.8 Japan Ethylene Vinyl Acetate Production, Revenue, Price and Gross Margin (2014-2021)
4.9 Southeast Asia Ethylene Vinyl Acetate Production, Revenue, Price and Gross Margin (2014-2021)
4.10 India Ethylene Vinyl Acetate Production, Revenue, Price and Gross Margin (2014-2021)

Chapter 5 Global Ethylene Vinyl Acetate Supply (Production), Consumption, Export, Import by Regions (2014-2021)
5.1 Global Ethylene Vinyl Acetate Consumption by Regions (2014-2021)
5.2 North America Ethylene Vinyl Acetate Production, Consumption, Export, Import by Regions (2014-2021)
5.3 Europe Ethylene Vinyl Acetate Production, Consumption, Export, Import by Regions (2014-2021)
5.4 China Ethylene Vinyl Acetate Production, Consumption, Export, Import by Regions (2014-2021)
5.5 Japan Ethylene Vinyl Acetate Production, Consumption, Export, Import by Regions (2014-2021)
5.6 Southeast Asia Ethylene Vinyl Acetate Production, Consumption, Export, Import by Regions (2014-2021)
5.7 India Ethylene Vinyl Acetate Production, Consumption, Export, Import by Regions (2014-2021)

Chapter 6 Global Ethylene Vinyl Acetate Production, Revenue (Value), Price Trend by Type
6.1 Global Ethylene Vinyl Acetate Production and Market Share by Type (2014-2021)
6.2 Global Ethylene Vinyl Acetate Revenue and Market Share by Type (2014-2021)
6.3 Global Ethylene Vinyl Acetate Price by Type (2014-2021)
6.4 Global Ethylene Vinyl Acetate Production Growth by Type (2014-2021)

Chapter 7 Global Ethylene Vinyl Acetate Market Analysis by Application
7.1 Global Ethylene Vinyl Acetate Consumption and Market Share by Application (2014-2021)
7.2 Global Ethylene Vinyl Acetate Consumption Growth Rate by Application (2014-2021)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries

Chapter 8 Ethylene Vinyl Acetate Manufacturing Cost Analysis
8.1 Ethylene Vinyl Acetate Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Ethylene Vinyl Acetate

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Ethylene Vinyl Acetate Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Ethylene Vinyl Acetate Major Manufacturers in 2020
9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change

Chapter 12 Global Ethylene Vinyl Acetate Market Forecast (2021-2028)
12.1 Global Ethylene Vinyl Acetate Production, Revenue Forecast (2021-2028)
12.2 Global Ethylene Vinyl Acetate Production, Consumption Forecast by Regions (2021-2028)
12.3 Global Ethylene Vinyl Acetate Production Forecast by Type (2021-2028)
12.4 Global Ethylene Vinyl Acetate Consumption Forecast by Application (2021-2028)
12.5 Ethylene Vinyl Acetate Price Forecast (2021-2028)

Chapter 13 Appendix