Ethylene Vinyl Acetate Market Size, Growth, Analysis Report & Forecast, 2030 | ChemAnalyst

NEW CITY, N.Y. - Aug. 16, 2022 - PRLog -- According to ChemAnalyst report, "Ethylene Vinyl Acetate (EVA) Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030". Ethylene Vinyl Acetate market witnessed a steady growth in the past five years and is projected to achieve a CAGR of 4.84% over the forecast period. In terms of volume, the demand for Ethylene Vinyl Acetate (EVA) was approximately 3.84 million Tons in 2020 and is anticipated to reach 6.09 million Tons by 2030 owing to its characteristics such as low price, light weight and its application as replacement of rubber in footwear industry.

Ethylene Vinyl Acetate is a copolymer of vinyl acetate and ethylene with the gloss and mild odor. It is an elastomer that creates products exhibiting hardness along with rubber like softness and flexibility. On the basis of the percentage of vinyl acetate content, EVA market is segmented into various grades that are specific in their applications and end uses. The major four categories are Below 18% VA, 18% VA and 28% VA and above 28% Vinyl Acetate. Owing to the properties, such as low-temperature resistance to UV radiation, high flexibility, toughness, high electrical and stress-crack resistance etc. it is employed in various applications as adhesives utilized in Packaging, bonding plastic films in book binding, textiles, metal surfaces, coated papers; as foams in footwear, martial art gloves, hockey pads and other sports items due to its shock absorbing property; as an encapsulation material for crystalline solar cells in the production of Photovoltaic modules; in the manufacturing of wires and cables and Others.

Footwear industry holds the major share of demand for Ethylene Vinyl Acetate and is expected to propel its market in the forecast years due to the increasing popularity of EVA sandals, Shoes and Slippers as it is lightweight, comfortable and cheaper than its substitutes. Moreover, with the surging demand for EVA from Packaging sector due to the growth in e commerce, is also expected to drive the market for Ethylene Vinyl Acetate in the forthcoming years.

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Some of the major players operating in Global Ethylene Vinyl Acetate market include Braskem, Dow, Celanese, Dupont-Mitsui Polychemicals, Dairen Chemical, ENI Versalis S.p.A., Exxon Mobile, Formosa Plastic Corporation.