Transparency Market
Research has published a new report titled “Ethylene Vinyl Acetate
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2015 - 2023.” According to the report, the global ethylene
vinyl acetate (EVA) market was valued at US$ 7.29 Bn in 2014 and is
anticipated to reach US$ 11.41 Bn in 2023, expanding at a CAGR of
5.1% between 2015 and 2023.
Ethylene vinyl acetate, most commonly referred as
EVA, is produced as a copolymer of ethylene and vinyl acetate (VA)
monomer. Ethylene vinyl acetate offers excellent elasticity, impact
strength, puncture resistance, UV resistance, and toughness.
Outstanding flexibility, adhesion properties, and stress crack
resistance enable extensive use of EVA in various applications such
as films, foams, hot melt adhesives, photovoltaic cells, wires &
cables, and others (including hose & tubing). Ethylene and vinyl
acetate monomers are copolymerized using high pressure tubular or
autoclave process to produce EVA. Various grades of EVA can be
manufactured with vinyl acetate content ranging from 1% to 40%. Based
on the vinyl acetate content, EVA can be segmented into three product
categories: high EVA (20% to 40%), low EVA (10% to 20%), and very low
EVA (1% to 10%).
This 170
page report gives readers a comprehensive overview of the Ethylene
Vinyl Acetate market. Browse Market Research Report
@
EVA with higher vinyl
acetate content is primarily used in photovoltaic cells, wires &
cables, and hot melt adhesives. On the other hand, EVA with lower
vinyl acetate content is employed in films and foams. Low EVA held
the largest share of the global EVA market in 2014. High EVA is
estimated to be the fastest growing product segment in the next few
years, owing to increasing consumer preference for high performance
EVA with higher vinyl acetate content. Large usage of EVA films in
flexible packaging of food & beverages has significantly boosted
the demand for EVA in the recent past. However, instability in prices
of raw materials coupled with increasing competition from
counterparts such as LLDPE is projected to hamper market growth in
the next few years. Rise in production and installation of
photovoltaic cells is likely to offer attractive opportunities for
the market during the forecast period.
Rise in population
coupled with increase in per capita income has propelled the
consumption of EVA films in the packaging industry in the past few
years. This, in turn, generated considerable demand for EVA in films,
enabling it to be the largest application in 2014. Besides packaging
of food & beverages, EVA films are used in agricultural films,
greenhouse films, and packaging of pharmaceuticals. Photovoltaic
cells is expected to be the fastest-growing application of the EVA
market in the next few years. Increase in awareness about the usage
of solar energy has augmented the demand for EVA in encapsulation of
photovoltaic cells. Rise in number of upcoming solar projects and
newly installed photovoltaic capacities in countries such as China,
Japan, the U.S., and Italy is anticipated to create lucrative
opportunities for the global EVA market during the forecast period.
Get accurate market forecast and analysis on the
Ethylene Vinyl Acetate market. Request a sample to stay abreast on
the key trends impacting this market.@
In terms of volume, Asia Pacific dominated the global
EVA market and accounted for more than 35% share in 2014. The region
is estimated to witness fastest growth during the forecast period due
to rising demand from major application segments. China, Japan,
India, and ASEAN countries are the major producers of footwear and
solar cells. This, in turn, has fueled the demand for EVA in
photovoltaic cell encapsulation and foams used in shoe soles. China
is projected to be the major consumer of EVA by 2023, followed by
Rest of Asia Pacific and ASEAN. North America was the second-largest
consumer of EVA in 2014, followed by Europe. Middle East & Africa
and Latin America are anticipated to be emerging markets for EVA in
the next few years.
The ethylene vinyl acetate market has been divided
into the following segments:
Ethylene Vinyl acetate (EVA) Market – Product
Segment Analysis
- High EVA
- Low EVA
- Very Low EVA
Ethylene Vinyl Acetate (EVA) Market –
Application Analysis
- Films
- Foams
- Hot Melt Adhesives
- Photovoltaic Cells
- Wires & Cables
- Others (Including hose & tubing, etc.)
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