The global ethylene vinyl acetate market is expected to reach $13.85 billion by 2028, according to a new report from Reports and Data. Ethylene vinyl acetate is a copolymer of vinyl acetate and ethylene. Chemical is an extremely elastic and tough thermoplastic that consists of excellent clarity and shine and with very little odor.

Ethylene Vinyl Acetate has many desirable properties including low cost, good resistance to flex cracking and puncture, excellent adhesion to many polar and non-porous substrates, and good heat sealing and good hot tack. Ethylene vinyl acetate is used in film extrusion processes for applications such as surface protection, packaging and greenhouse covers, and in the encapsulation of photovoltaic cells.

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Major participants include Exxon Mobil Corporation, BASF SE, EI Du Pont De Nemours & Co., Celanese Corporation, Clariant AG, Sipchem, Arkema SA, Innospec Inc., Lyondellbasell Industries NV and Hanwha Chemical, among others.

Growing interest from global economies to invest in clean energy is expected to increase investment and drive the global ethylene vinyl acetate market for solar energy. Technological advancements such as the encapsulation of solar cells are a major opportunity in the ethylene vinyl acetate market.

Population growth and increasing disposable income of people in countries such as China, Japan and India are expected to propel the demand for packaging in the Asia-Pacific region, which in turn will propel the demand for the ethylene vinyl acetate market. . Growth in the construction sector is fueling the demand for adhesives in India. The government’s plan for “Housing for All by 2022” offers many growth opportunities for the market.

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Other key findings from the report suggest

  • The global Ethylene Vinyl Acetate market demand is increasing owing to the growing demand for the copolymer in flexible packaging applications in various end-use industries globally.
  • Excellent toughness, good stress crack resistance and high tensile elongation are some of the properties of the market product that make it very popular among manufacturers. It has become a successful and profitable packaging material in several industries.
  • Ethylene vinyl acetate is commonly referred to as expanded rubber or foam rubber. It is generally used as a shock absorber in sports shoes. Ethylene vinyl acetate foam is used as padding in equipment for different types of sports such as bicycle saddles, ski boots, boxing hockey, pads and mixed martial arts gloves and helmets, wakeboard boots, fishing reel handles and fishing rods.
  • The footwear segment dominated the market in 2020. Ethylene vinyl acetate resins are used in the footwear industry because they are lightweight; they can withstand compression and are also available in different colors. They are among the most used materials for footwear. It is also used to make outsoles, liners, and sometimes even whole shoes.
  • The demand for the North America Ethylene Vinyl Acetate market is witnessing high growth owing to the growing demand from end-use industries, such as packaging, automotive, electrical and electronic. Even though market demand has been affected by the economic downturn in the region, the majority of these economies have been able to recover from the heat of the crisis.

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For the purposes of this report, the reports and data have segmented the global Ethylene Vinyl Acetate market on the basis of type, application, end-user and region:

Type Outlook (Revenue, USD Billion; Volume, Kilotons; 2018-2028)

  • Very Low Density Ethylene Vinyl Acetate
  • Low Density Ethylene Vinyl Acetate
  • Medium Density Ethylene Vinyl Acetate
  • High Density Ethylene Vinyl Acetate

Application Outlook (Revenue, USD Billion; Volume, Kilotons; 2018-2028)

  • Mousse
  • Extrusion coating
  • Movie
  • Compound & Wires & Cables
  • Encapsulation of solar cells
  • Hot melt adhesives

End-User Outlook (Revenue, USD Billion; Volume, Kilotons; 2018-2028)

  • Automotive
  • Paints, coatings and adhesives
  • Packaging and paper
  • Pharmaceutical
  • Photovoltaic panels
  • Shoe
  • Electronic and electrical

Regional Outlook (Revenue, USD Billion; Volume, Kilotons; 2018-2028)

  • North America
  • Europe
  • Asia Pacific
  • AEM
  • Latin America

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