PUBLISHER: DataM Intelligence | PRODUCT CODE: 1268932
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1268932
Global Ethylene Vinyl Acetate Resins Market - 2023-2030
Market Overview
The global ethylene vinyl acetate resins market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 6.8% during the forecast period (2023-2030).
Ethylene vinyl acetate resin is a copolymer of ethylene and vinyl acetate manufactured by a high-pressure polymerization process. The properties of the resin vary according to the content of vinyl acetate. Three types of this resin vary according to the density of vinyl acetate-modified polyethylene, which contains a low density of vinyl acetate. Thermoplastic ethylene vinyl acetate contains a medium density of vinyl acetate and ethylene vinyl acetate rubber contains a high density of vinyl acetate.
Market Dynamics
Increasing demand for ethylene vinyl acetate resins in the packaging & paper industry sectors
The ethylene vinyl acetate resins market is expected to witness good growth mainly due to increasing demand in the packaging and paper industry. Ethylene vinyl acetate resins-based material in the packaging industry has advantages such as it is flexible, crack resistant, and chemical resistant with a high friction coefficient and resistant to UV radiation flexible even at low temperatures.
Ethylene vinyl acetate resins help prevent damage while handling in the field, lowering the chance of waste and spoilage. The films also improve moisture retention, provide temperature control and protect crops from the outdoors. By increasing their productivity, farmers can feed more people while conserving resources like fertilizer, water, and nutrients. The emerging applications of ethylene vinyl acetate in toys, auto bumpers, sealants in structures used to package dairy and meat products and sporting goods would provide significant growth prospects for key players. Ethylene vinyl acetate is also finds application in pipes, corks and medical packaging.
Complications in recycling ethylene vinyl acetate resins and its tendency to release toxins at high temperature
Although ethylene vinyl acetate resins or EVA resins have outstanding processability, adaptability, and interoperability that could set the product apart from the competition, the drawbacks of EVA outweigh the advantages. Despite being a wear-resistant material, EVA (ethylene vinyl acetate) resins can produce corrosive degradation products when manufacturing temperatures are too high. Furthermore, ecology is starting to become crucial, particularly with regard to reusing plastic. EVA's drawback, however, is that recycling it is more challenging, which will have an impact on the ecosystem. As the aforementioned drawbacks of EVA are being faced by an increasing number of businesses, the complications in recycling ethylene vinyl acetate resins and its tendency to release toxins at high temperature restricts the market growth.
COVID-19 Impact Analysis
The COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it with pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global ethylene vinyl acetate resins market is segmented based on component, drive type, vehicle type, power output and region.
Increasing applications of film, wire, and cable in the packaging and paper segments
On the basis of end-user, the market is segmented into the automotive industry, pharmaceutical, footwear, packaging and paper, coatings & adhesives, electrical and electronics, and others. The packaging and paper segment accounts for major share in the ethylene vinyl acetate resins market. Ethylene vinyl acetate resins are used in packaging film, foam, wire & cable, solar cell encapsulation, and hot melt adhesives and are composed of 18-40% vinyl acetate. Ethylene vinyl acetate with a low melt index (MI) offers high strength, superior viscosity, and hot tack (relative melting and bonding strength) compared to its high melt index counterparts. Ethylene vinyl acetate resins are widely used in the packaging and paper industries because of their properties, such as enhanced flexibility and low sealing temperature. It is used in photovoltaic panels, which are used in solar energy generation.
Geographical Analysis
The introduction of strict norms and laws to limit GHG emissions in Asia-Pacific
Asia-Pacific held the largest share in the ethylene vinyl acetate resins market due to the region's flourishing packaging and solar sectors. Increasing demand for photovoltaic panel-based electricity in the Asia-Pacific is anticipated to boost the market growth of ethylene vinyl acetate resins over the forecast period. The rapid economic development in Asia-Pacific due to increase per capita income and industrial infrastructure in the private and public domain has contributed to the development of industries where ethylene vinyl acetate resins are utilized. The respective factors are expected to contribute to the growth of ethylene vinyl acetate resins market in Asia-Pacific during the forecast period.
Competitive Landscape
The major global players include: Sumitomo Chemical, BASF SE, LyondellBasell Industries Holdings B.V., Westlake Chemical Corporation, Mitsubishi Chemical Corporation, Huntsman International LLC, Praxair Technology, Inc., NOVA Chemicals Corporation, Dycon Chemicals, and Uz-Kor Gas Chemical.
Why Purchase the Report?
- To visualize the global ethylene vinyl acetate resins market segmentation based on type, application, end-user and region and understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of ethylene vinyl acetate resins market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global ethylene vinyl acetate resins market report would provide approximately 61 tables, 67 figures and 187 pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
Table of Contents
1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
- 3.1. Snippet by Type
- 3.2. Snippet by Application
- 3.3. Snippet by End-User
- 3.4. Snippet by Region
4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Increasing demand for ethylene vinyl acetate resins in the packaging & paper industry sectors
- 4.1.2. Restraints
- 4.1.2.1. Complications in recycling ethylene vinyl acetate resins and its tendency to release toxins at high temperature
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 4.1.1. Drivers
5. Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Before COVID-19 Scenario
- 6.1.2. Present COVID-19 Scenario
- 6.1.3. Post COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
7. By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Vinyl Acetate-Modified Polyethylene*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Thermoplastic Ethylene Vinyl Acetate
- 7.4. Ethylene Vinyl Acetate Rubber
8. By Application
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2. Market Attractiveness Index, By Application
- 8.2. Foam*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Films
- 8.4. Wire & Cable
- 8.5. Paints
- 8.6. Extrusion Casting
- 8.7. Hot Melt Adhesives
- 8.8. Solar Cell Encapsulation
- 8.9. Others
9. By End-User
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.1.2. Market Attractiveness Index, By End-User
- 9.2. Industrial*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Packaging & Paper
- 9.4. Automotive
- 9.5. Pharmaceutical
- 9.6. Paints & Coatings
- 9.7. Footwear
- 9.8. Coatings & Adhesives
- 9.9. Electronics & Electrical
10. By Region
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2. Market Attractiveness Index, By Region
- 10.2. North America
- 10.2.1. Introduction
- 10.2.2. Key Region-Specific Dynamics
- 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 10.2.6.1. The U.S.
- 10.2.6.2. Canada
- 10.2.6.3. Mexico
- 10.3. Europe
- 10.3.1. Introduction
- 10.3.2. Key Region-Specific Dynamics
- 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 10.3.6.1. Germany
- 10.3.6.2. The U.K.
- 10.3.6.3. France
- 10.3.6.4. Italy
- 10.3.6.5. Russia
- 10.3.6.6. Rest of Europe
- 10.4. South America
- 10.4.1. Introduction
- 10.4.2. Key Region-Specific Dynamics
- 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 10.4.6.1. Brazil
- 10.4.6.2. Argentina
- 10.4.6.3. Rest of South America
- 10.5. Asia-Pacific
- 10.5.1. Introduction
- 10.5.2. Key Region-Specific Dynamics
- 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 10.5.6.1. China
- 10.5.6.2. India
- 10.5.6.3. Japan
- 10.5.6.4. Australia
- 10.5.6.5. Rest of Asia-Pacific
- 10.6. Middle East and Africa
- 10.6.1. Introduction
- 10.6.2. Key Region-Specific Dynamics
- 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11. Competitive Landscape
- 11.1. Competitive Scenario
- 11.2. Market Positioning/Share Analysis
- 11.3. Mergers and Acquisitions Analysis
12. Company Profiles
- 12.1. Sumitomo Chemical*
- 12.1.1. Company Overview
- 12.1.2. Product Portfolio and Description
- 12.1.3. Financial Overview
- 12.1.4. Key Developments
- 12.2. BASF SE
- 12.3. LyondellBasell Industries Holdings B.V.
- 12.4. Westlake Chemical Corporation
- 12.5. Braskem, Mitsubishi Chemical Corporation
- 12.6. Huntsman International LLC
- 12.7. Praxair Technology, Inc.
- 12.8. NOVA Chemicals Corporation
- 12.9. Dycon Chemicals
- 12.10. Uz-Kor Gas Chemical
LIST NOT EXHAUSTIVE
13. Appendix
- 13.1. About Us and Services
- 13.2. Contact Us
