Ethylene Vinyl Acetate Resins Market – Global Industry Report, 2031

Ethylene Vinyl Acetate Resins: Introduction

  • Rise in usage of ethylene vinyl acetate (EVA), especially in the packaging industry, is a key trend that is driving the global ethylene vinyl acetate resins market. Growth in transportation and packaging industries has boosted the demand for ethylene vinyl acetate resins Ethylene vinyl acetate resins are used extensively in food and medical packaging applications owing to their effective and flexible packaging properties. This is a key factor estimated to drive the market in the next few years.

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Key Drivers and Restraints of Global Ethylene Vinyl Acetate Resins Market

  • The ethylene vinyl acetate resins market has developed significantly of late. This can be primarily ascribed to high performance and increasing recognition of resins globally. Asia Pacific is the major region of the global ethylene vinyl acetate resins market owing to the expanding assembling and modern base in the region. It is a significant end buyer of medium thickness ethylene vinyl acetate. Furthermore, requirement for superior materials for films is pushing the interest for ethylene vinyl acetate at an impressive pace in the region. Rise in mechanical improvements is estimated to drive the demand for ethylene vinyl acetate in the region.

Ethylene Vinyl Acetate Resins: Type Segment

  • In terms of type, the global ethylene vinyl acetate resins market can be segmented into vinyl acetate-modified polyethylene, thermoplastic ethylene vinyl acetate, ethylene vinyl acetate rubber, and others
  • The vinyl acetate-modified polyethylene segment is expected to account for significant share of the global ethylene vinyl acetate resins market during the forecast period. It is anticipated to be followed by the thermoplastic ethylene vinyl acetate segment.

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Ethylene Vinyl Acetate Resins: Application Segment

  • In terms of application, the global ethylene vinyl acetate resins market can be segmented into film, foam, hot melt adhesives, wires & cables, extrusion coating, solar cell encapsulation, and others
  • The film segment is estimated to expand at a rapid pace during the forecast period. It is projected to be followed by the foam segment.

Ethylene Vinyl Acetate Resins: End-use Segment

  • In terms of end-use, the global ethylene vinyl acetate resins market can be segmented into automotive, packaging, paints & coatings, adhesives, electronic & electrical, pharmaceutical, footwear, photovoltaic panels, and others
  • The automotive segment is estimated to expand at a rapid pace during the forecast period. It is projected to be followed by the packaging segment.

COVID-19 Impact on Ethylene Vinyl Acetate Resins Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • Manufacture of various consumer goods and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the ethylene vinyl acetate resins market.

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North America to Dominate Ethylene Vinyl Acetate Resins Market

  • In terms of region, the global ethylene vinyl acetate resins market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America dominated the global ethylene vinyl acetate resins market in 2020. This trend is anticipated to continue during the forecast period. This can be ascribed to the higher production and consumption of resins, especially in the U.S. However, the ethylene vinyl acetate resins market in Asia Pacific is anticipated to expand at a rapid pace in the near future.

Key Manufacturers Operating in Global Ethylene Vinyl Acetate Resins Market

The global ethylene vinyl acetate resins market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global ethylene vinyl acetate resins market include:

  • Arkema S.A.
  • Braskem S.A.
  • Celanese Corporation
  • Dow Chemical Company
  • Exxon Mobil Corporation
  • Fajr Kerman Petrochemical Complex (FKPC)
  • Hanwha Chemical Corporation
  • Lotte Chemical Corporation
  • LyondellBasell Industries Holding B.V.
  • Sinopec Corporation
  • Formosa Plastics Corporation

Global Ethylene Vinyl Acetate Resins Market: Research Scope

Global Ethylene Vinyl Acetate Resins Market, by Type

  • Vinyl Acetate-modified Polyethylene
  • Thermoplastic Ethylene Vinyl Acetate
  • Ethylene Vinyl Acetate Rubber
  • Others

Global Ethylene Vinyl Acetate Resins Market, by Application

  • Film
  • Foam
  • Hot Melt Adhesives
  • Wires & Cables
  • Extrusion Coating
  • Solar Cell Encapsulation
  • Others

Global Ethylene Vinyl Acetate Resins Market, by End-use

  • Automotive
  • Packaging
  • Paints & Coatings
  • Adhesives
  • Electronic & Electrical
  • Pharmaceutical
  • Footwear
  • Photovoltaic Panel
  • Others

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