According to the recent study the ethylene vinyl acetate market is projected to reach an estimated $17 billion by 2030 from $12 billion in 2023, at a CAGR of 5.1% from 2024 to 2030. Growth in this market is primarily driven by growing demand for EVA in food and medical packaging industries and expansion of solar photovoltaic capacity around the globe.
Browse 165 figures/charts
and 142 tables in this 261-page report to understand trends, opportunities and
forecast in ethylene vinyl acetate market by application (film, foam,
adhesives, and others), end use industry (packaging, solar, agriculture, wires
& cables, automotive, footwear, and others), density (very low density EVA,
low density EVA, medium density EVA, and high density EVA), and region (North
America, Europe, Asia Pacific, and the Rest of the World).
“Films market is expected to remain the largest segment during the
forecast period.”
Based on application,
the ethylene vinyl acetate market is
segmented into film, foam, adhesives, and others. Lucintel forecasts that the film
market is expected to remain the largest segment and it is also expected to
witness the highest growth over the forecast period due to increasing awareness
of the use of solar energy, which is augmenting the demand for EVA films in
photovoltaic cells.
“Within the automotive suspension market, the solar segment is
expected to remain the largest end use industry.”
Based on end use
industry, the solar segment is expected to witness the largest application
and it is also expected
to witness the highest growth over the forecast period, supported by growth in
solar photovoltaic cell installation in the Asia Pacific region, especially in
China, India, Japan, South Korea, and Taiwan.
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clicking on ethylene vinyl acetate market.
“Asia Pacific will dominate the ethylene vinyl acetate market in
near future.”
Asia Pacific is expected
to largest region and it will experience the highest growth over the forecast
period, supported by growth in the various end use industries, such as
packaging, footwear, solar photovoltaic cells, and wires & cables. China is
the largest market for ethylene vinyl acetate due to its high consumption in
footwear, solar, automotive, and wires & cables, supported by the high
domestic demand.
E.I. du Pont de Nemours
and Company, Hanwha Chemical, ExxonMobil Corporation, Formosa Plastics
Corporation, LyondellBasell Industries NV, Arkema S.A., Celanese Corporation,
USI Corporation, Lotte Chemical Corporation, and Versalis S.p.A. are among the
major ethylene vinyl acetate providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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