The global ethylene vinyl acetate (EVA) market stood at USD 8.78 billion in 2019, and is likely to be valued at USD 12.82 billion by 2027, at a CAGR of 5.0% over the forecast period. The growth can be primarily attributed to the rising demand for ethylene vinyl acetate (EVA) across a wide range of applications such as packaging, footwear & foams, electronics, automotive, and photovoltaic panels, among others. Also, rising awareness regarding bio-based EVA is likely to further accelerate the market demand. However, volatility in raw material prices and significant threat of substitutes may deter the market growth.
Ethylene vinyl acetate may be defined as a copolymer of ethylene and vinyl acetate where the weight percentage of vinyl acetate generally varies from 10 to 40%, and the remainder being ethylene. EVA is a polymer, similar to elastomeric materials in terms of flexibility and softness, yet can be processed like other thermoplastics. It may be produced by the process of high pressure continuous bulk copolymerization using either tubular or autoclave reactors. EVA offers various key benefits such as low-temperature toughness; stress-crack resistance; good clarity and gloss; extensive barrier properties; water proof properties; as well as UV resistance. Also, it proves to be competitive against rubber and other vinyl products for electrical applications and has little or no odor.
In addition, EVA finds its use across a diverse range of applications. EVA foam may be used as padding in various sports equipments such as ski boots, wakeboard boots, hockey pads, boxing and mixed martial arts gloves, and bicycle saddles, among others. Key manufacturers have developed EVA-based compression molded foam which is used in the manufacture of running shoes. Moreover, EVA is also used in the manufacture of floats for commercial fishing, for kink-resistant medical tubing and other pharmaceutical applications.
Segment overview
On the basis of type, the thermoplastic ethylene vinyl acetate (medium VA density) segment held a significant share of the global market in 2019, and the trend is expected to continue over the forecast period. Thermoplastic ethylene vinyl acetate copolymer is widely used across a diverse range of industries owing to its excellent properties. Medium density EVA’s can bear heavy weights, are easily moldable and durable. These can be used to produce TCI (total contact insole) & FFO (fully functional orthoses) and are suitable for CAD-CAM milling.
On the basis of end-use, the packaging segment held the major share of the market in 2019, and is expected to propel at a significant rate over the next eight years. EVA is used across a wide array of food and medical packaging applications. Rising demand for flexible packaging solutions, largely from the food industry, on account of advantages such as being lightweight; easy to open, store, carry, transport, and reseal; reduced wastage; among others, is expected to promote the segment growth.
On the basis of region, Asia-Pacific dominated the global market for ethylene vinyl acetate (EVA) in 2019 and is likely to maintain its dominance over the forecast period. Growing demand for ethylene vinyl acetate from key industries such as packaging, automotive, solar energy, and construction is projected to promote the regional growth. Also, rising investment in infrastructure along with rapid industrialization is likely to drive the demand for ethylene vinyl acetate in the region.
Key players operating in the market include BASF SE; Merck KgaA; DowDuPont; Exxon Mobil Corporation; Innospec Inc.; The 3M Company; LyondellBasell Industries Holdings B.V.; Hanwha Solutions/Chemical Corporation; Formosa Plastics Corporation; Huntsman International LLC; & Braskem; among others.
The report provides detailed market outlook, and forecast the “Global Ethylene Vinyl Acetate (EVA)” market based on type, application, end-use and region.
| Research Attribute | Coverage |
|---|---|
| Years Considered | 2017-2027 |
| Historical Years | 2017, 2018 |
| Base Year | 2019 |
| Forecast Period | 2020-2017 |
| Units Considered | USD Billion & Kilo Tons |
| Segmentation By Type |
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| Segmentation by Application |
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| Segmentation By End-Use |
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| Regions Covered |
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| Key Company Profiles | BASF SE, Merck KGaA, DowDuPont, Exxon Mobil Corporation, Innospec Inc., The 3M Company, LyondellBasell Industries Holdings B.V., Hanwha Solutions/Chemical Corporation, Formosa Plastics Corporation, Huntsman International LLC, & Braskem, among others. |
CHAPTER 1. Market Scope and Methodology
1.1. Research methodology
1.2. Objectives of the report
1.3. Research scope & assumptions
1.4. List of data sources
CHAPTER 2. Executive Summary
2.1. Ethylene vinyl acetate (EVA) market – Key industry insights
CHAPTER 3. Market Outlook
3.1. Market definition
3.2. Market segmentation
3.3. Value chain analysis
3.3.1. Raw material trends
3.4. Technological overview
3.5. Regulatory framework
3.6. Ethylene vinyl acetate (EVA) market : developed v/s developing countries
3.7. Market opportunities & trends
3.7.1. Growing awareness regarding bio-based ethylene vinyl acetate (EVA)
3.7.2. High growth opportunities in developing economies
3.8. Market dynamics
3.8.1. Market driver analysis
3.8.1.1. Significant demand from the footwear & foam industry
3.8.1.2. Increasing investments across the photovoltaic industry
3.8.1.3. Rising demand from the packaging sector
3.8.1.4. Impact analysis
3.8.2. Market restraint analysis
3.8.2.1. Threat of substitutes
3.8.2.2. Fluctuating raw material prices
3.8.2.3. Impact analysis
3.9. Industry analysis – Porter’s
3.9.1. Bargaining power of suppliers
3.9.2. Bargaining power of buyers
3.9.3. Threat of new entrants
3.9.4. Threat of substitutes
3.9.5. Competitive rivalry
3.10. PESTEL analysis
CHAPTER 4. Competitive Outlook
4.1. Competitive framework
4.2. Company market share analysis
4.3. Strategic layout
CHAPTER 5. COVID-19 Implications
5.1. Global industry impact of COVID-19 pandemic
5.1.1. Impact analysis by end-use
5.1.2. Analyst recommendations
CHAPTER 6. Global Ethylene Vinyl Acetate (EVA) Market Size and Forecast (2017 - 2027)
6.1. Global Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
6.1.1. Vinyl Acetate Modified Polyethylene (Low VA density)
6.1.2. Thermoplastic Ethylene Vinyl Acetate (Medium VA density)
6.1.3. Ethylene Vinyl Acetate Rubber (High VA density)
6.2. Global Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
6.2.1. Foam
6.2.2. Films
6.2.3. Wires & Cables
6.2.4. Hot melt adhesives
6.2.5. Solar Cell Encapsulation
6.2.6. Injection Molding
6.2.7. Extrusion Coating
6.2.8. Others
6.3. Global Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
6.3.1. Packaging
6.3.2. Paints, Coatings & Adhesives
6.3.3. Photovoltaic Panels
6.3.4. Footwear & Foams
6.3.5. Electronics
6.3.6. Automotive
6.3.7. Pharmaceutical
6.3.8. Others
6.4. Global Ethylene Vinyl Acetate (EVA) Market, By Region (USD Billion) (Kilo Tons)
6.4.1. North America
6.4.2. Europe
6.4.3. Asia-Pacific
6.4.4. Central & South America (CSA)
6.4.5. Middle East & Africa (MEA)
CHAPTER 7. Global Ethylene Vinyl Acetate (EVA) Market Size and Forecast, By Region (2017 - 2027)
7.1. North America Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.1.1. North America Ethylene Vinyl Acetate (EVA) Market, By Country (USD Billion) (Kilo Tons)
7.1.2. North America Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.1.3. North America Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.1.4. North America Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.1.5. The U.S. Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.1.5.1. The U.S. Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.1.5.2. The U.S. Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.1.5.3. The U.S. Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.1.6. Canada Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.1.6.1. Canada Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.1.6.2. Canada Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.1.6.3. Canada Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.1.7. Mexico Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.1.7.1. Mexico Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.1.7.2. Mexico Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.1.7.3. Mexico Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.2. Europe Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.2.1. Europe Ethylene Vinyl Acetate (EVA) Market, By Country (USD Billion) (Kilo Tons)
7.2.2. Europe Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.2.3. Europe Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.2.4. Europe Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.2.5. Germany Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.2.5.1. Germany Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.2.5.2. Germany Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.2.5.3. Germany Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.2.6. The U.K Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.2.6.1. The U.K Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.2.6.2. The U.K Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.2.6.3. The U.K Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.2.7. France Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.2.7.1. France Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.2.7.2. France Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.2.7.3. France Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.2.8. Italy Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.2.8.1. Italy Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.2.8.2. Italy Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.2.8.3. Italy Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.2.9. Russia Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.2.9.1. Russia Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.2.9.2. Russia Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.2.9.3. Russia Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.2.10. Spain Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.2.10.1. Spain Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.2.10.2. Spain Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.2.10.3. Spain Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.3. Asia-Pacific Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.3.1. Asia-Pacific Ethylene Vinyl Acetate (EVA) Market, By Country (USD Billion) (Kilo Tons)
7.3.2. Asia-Pacific Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.3.3. Asia-Pacific Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.3.4. Asia-Pacific Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.3.5. China Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.3.5.1. China Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.3.5.2. China Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.3.5.3. China Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.3.6. Japan Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.3.6.1. Japan Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.3.6.2. Japan Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.3.6.3. Japan Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.3.7. India Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.3.7.1. India Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.3.7.2. India Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.3.7.3. India Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.3.8. South Korea Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.3.8.1. South Korea Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.3.8.2. South Korea Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.3.8.3. South Korea Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.4. Central & South America (CSA) Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.4.1. Central & South America (CSA) Ethylene Vinyl Acetate (EVA) Market, By Country (USD Billion) (Kilo Tons)
7.4.2. Central & South America (CSA) Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.4.3. Central & South America (CSA) Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.4.4. Central & South America (CSA) Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.4.5. Brazil Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.4.5.1. Brazil Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.4.5.2. Brazil Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.4.5.3. Brazil Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.5. Middle East & Africa (MEA) Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.5.1. Middle East & Africa (MEA) Ethylene Vinyl Acetate (EVA) Market, By Country (USD Billion) (Kilo Tons)
7.5.2. Middle East & Africa (MEA) Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.5.3. Middle East & Africa (MEA) Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.5.4. Middle East & Africa (MEA) Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.5.5. Saudi Arabia Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.5.5.1. Saudi Arabia Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.5.5.2. Saudi Arabia Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.5.5.3. Saudi Arabia Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
7.5.6. South Africa Ethylene Vinyl Acetate (EVA) Market (USD Billion) (Kilo Tons)
7.5.6.1. South Africa Ethylene Vinyl Acetate (EVA) Market, By Type (USD Billion) (Kilo Tons)
7.5.6.2. South Africa Ethylene Vinyl Acetate (EVA) Market, By Application (USD Billion) (Kilo Tons)
7.5.6.3. South Africa Ethylene Vinyl Acetate (EVA) Market, By End-Use (USD Billion) (Kilo Tons)
CHAPTER 8. Key Players and Strategic Developments
8.1. BASF SE
8.1.1. Business Overview
8.1.2. Product and Service Offering
8.1.3. Financial Overview
8.1.4. Strategic Developments
8.2. Merck KGaA
8.2.1. Business Overview
8.2.2. Product and Service Offering
8.2.3. Financial Overview
8.2.4. Strategic Developments
8.3. DowDuPont
8.3.1. Business Overview
8.3.2. Product and Service Offering
8.3.3. Financial Overview
8.3.4. Strategic Developments
8.4. Exxon Mobil Corporation
8.4.1. Business Overview
8.4.2. Product and Service Offering
8.4.3. Financial Overview
8.4.4. Strategic Developments
8.5. Innospec Inc.
8.5.1. Business Overview
8.5.2. Product and Service Offering
8.5.3. Financial Overview
8.5.4. Strategic Developments
8.6. The 3M Company
8.6.1. Business Overview
8.6.2. Product and Service Offering
8.6.3. Financial Overview
8.6.4. Strategic Developments
8.7. LyondellBasell Industries Holdings B.V.
8.7.1. Business Overview
8.7.2. Product and Service Offering
8.7.3. Financial Overview
8.7.4. Strategic Developments
8.8. Hanwha Solutions/Chemical Corporation
8.8.1. Business Overview
8.8.2. Product and Service Offering
8.8.3. Financial Overview
8.8.4. Strategic Developments
8.9. Formosa Plastics Corporation
8.9.1. Business Overview
8.9.2. Product and Service Offering
8.9.3. Financial Overview
8.9.4. Strategic Developments
8.10. Huntsman International LLC
8.10.1. Business Overview
8.10.2. Product and Service Offering
8.10.3. Financial Overview
8.10.4. Strategic Developments
8.11. Braskem
8.11.1. Business Overview
8.11.2. Product and Service Offering
8.11.3. Financial Overview
8.11.4. Strategic Developments
8.12. Westlake Chemical Corporation
8.12.1. Business Overview
8.12.2. Product and Service Offering
8.12.3. Financial Overview
8.12.4. Strategic Developments
8.13. Arkema Group
8.13.1. Business Overview
8.13.2. Product and Service Offering
8.13.3. Financial Overview
8.13.4. Strategic Developments
8.14. Sipchem
8.14.1. Business Overview
8.14.2. Product and Service Offering
8.14.3. Financial Overview
8.14.4. Strategic Developments
8.15. Celanese Corporation
8.15.1. Business Overview
8.15.2. Product and Service Offering
8.15.3. Financial Overview
8.15.4. Strategic Developments
