The global ethylene vinyl acetate market is projected to reach $11.8 billion by 2027, at a CAGR of 5.4% during 2021-2027. The growth of ethylene vinyl acetate market is driven by growing demand for EVA in food and medical packaging industries and expansion of solar photovoltaic capacity around the globe.
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, 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)?
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 application,
the ethylene vinyl acetate market is
segmented into film, foam, adhesives, and others. Lucintel forecasts that the film
market accounted for the largest share of the market in 2020 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.
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.
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., Celanese 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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https://www.lucintel.com/ethylene-vinyl-acetate-market.aspx
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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