Ethylene Vinyl Acetate (EVA)
is an elastomeric polymer which adds toughness, crack resistance and flexibility to certain materials. It is a copolymer of ethylene and vinyl acetate. In the last decade, the market has experienced a rapid upsurge in terms of demand from footwear industry, films and foams market, food and other packing materials market. Moreover, encapsulation of photo voltaic items, improvements in medical industry and so on, catalyzed the growth of Ethylene Vinyl Acetate market. Moreover, huge investment in above mentioned industries has further fueled the Ethylene Vinyl Acetate.
It is used in various industry verticals such as food & beverages, footwear manufacturing, automobile industry, athletic goods, automotive spares, films, foams, medical equipment, toy manufacturing and many others. Ethylene Vinyl Acetate market is constantly evolving due to advancements in its chemical compositions, formulations, development and production process. The ever-changing technology combined with addition of new product lines are the major drivers for this industry.
The Ethylene Vinyl Acetate market
has been segmented into three segments based on the Type, industry and application. Each segment is further classified into sub-segments to present an in-depth analysis of the overall market. The market is subsequently classified by geography; the market has been broadly divided into four regions: Americas, Europe, APAC and RoW, which are further divided into various countries.
The global market for Ethylene Vinyl Acetate is estimated to be valued at $XX billion in 2015 and is forecast to grow at a CAGR of XX% to reach $XX billion by 2021. North America and Asia Pacific alone are estimated to occupy a share of more than XX% during 2015. Asia pacific is the leading market for Ethylene Vinyl Acetate with China as the major contributor. APAC region is forecast to have highest growth in the next few years due to growing adoption of Ethylene Vinyl Acetate in industrial applications.
The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled with attributes of Company Overview, Financial Overview, Business Strategies, Product Portfolio and Recent Developments. The report contains the most detailed and in-depth segmentation of the ethylene vinyl acetate market.
Sample Companies Profiled in this Report are:
- The DOW Chemical Company (U.S.)
- Exxon Mobil Corporation (U.S.)
- Lyondell Basell Industries NV (Netherland)
- BASF SE (Germany)
- E.I. Du Pont De Nemours & Co. (U.S.)
Growing end-use applications for EVA to drive the market demand
In the present technologically advanced environment, the need for flexible properties, resistance to water and crack resistant has become essential in most of the industries. Moreover, the increasing demand for low cost raw materials triggers the demand for EVA. EVA may be processed using conventional rubber processing techniques. Ethylene Vinyl Acetate products are used in packaging, footwear components like soccer shoe cleats, encapsulation of photo voltaic cells, manufacturing of films and foams, flexible hose, drug delivery device and other sporty goods and many other applications. As aforementioned applications are emerging the market for Ethylene Vinyl Acetate is set to witness considerable growth in the coming years.