The global ethylene vinyl acetate market is projected to reach $10.4 billion by 2025, at a CAGR of 3.9% during 2020-2025. The growth of Ethylene vinyl acetate market is driven by growth in the various end use industries, and growing demand from packaging sector, especially in food and medical applications, due to its non-toxic nature.
Some of the Key Questions answered in
this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the ethylene vinyl acetate market
by application (film, foam, adhesives, and others), end use industry (packaging,
solar, agriculture, wire & cable, automotive, footwear, and others), by
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)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the ethylene vinyl acetate market?
Q.4 What are some
changing demands of customers in the ethylene vinyl acetate market?
Q.5 What are the new
developments in the ethylene vinyl acetate market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this ethylene vinyl acetate area and how
big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this ethylene vinyl acetate
market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include increasing
demand for EVA in the medical industry and expansion of the solar industry.
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Market Segmentation:
Based on end use
industry, the ethylene vinyl acetate market is segmented into packaging, solar,
agriculture, wire & cable, automotive, footwear, and others. The solar
segment accounted for the largest share of the market in 2020 and is expected
to register the highest CAGR during the forecast period, due to the growth in
solar photovoltaic cells installation in Asia pacific region, especially in
China, India, Japan, South Korea, and Taiwan.
Asia Pacific is expected
to be the largest region with the highest growth over the forecast period supported
by growth in the various end use industries, such as packaging, footwear, solar
photovoltaic cells, and wire & cable. China is the largest market for
ethylene vinyl acetate due to its high consumption in footwear, solar,
automotive, and wire & cable supported by the high domestic demand.
Key Players in the ethylene
vinyl acetate market are E. I. du Pont de Nemours and Company, Hanwha Chemical,
ExxonMobil Corporation, Formosa Plastics Corporation, LyondellBasell Industries
NV, Arkema S.A., Celansese Corporation, USI Corporation, Lotte Chemical
Corporation, and Versalis S.p.A.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers, restraints,
challenges, and opportunities for market growth. It would also help to
understand the competitors better and gain more insights to improve their
position in the business.
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About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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