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시장보고서
상품코드
1462783
세계의 에틸렌초산비닐 시장 예측(-2030년) : 유형별, 용도별, 최종 사용자별, 지역별 분석Ethylene Vinyl Acetate Market Forecasts to 2030 - Global Analysis By Type, Application, End User and By Geography |
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Stratistics MRC에 따르면, 세계 에틸렌초산비닐 시장은 2023년 114억 8,000만 달러로 평가되었고, 예측 기간 동안 연평균 8.8% 성장하여 2030년에는 20억 7,200만 달러에 달할 것으로 예상됩니다.
에틸렌초산비닐는 에틸렌과 비닐 아세테이트의 공중합체이며, EVA는 유연성, 탄력성, 강인성, 저온 저항성 및 다른 재료와의 우수한 접착력과 같은 특성을 결합하여 다양한 산업 분야에 적합합니다. 이러한 특성으로 인해 EVA는 포장, 신발, 자동차, 건축, 전자제품 등 다양한 산업 분야에 적합하며, 비용 효율성, 탄력성 및 다양한 요구 사항에 대한 적응성으로 인해 EVA는 인기있는 선택이 되고 있습니다.
태양에너지산업협회(SEIA)가 발표한 보고서에 따르면, 2020년 국내 태양광 발전 총 설치 용량이 47% 증가할 것으로 예상되며, 연말까지 20GW에 가까운 신규 설치가 예상된다고 합니다.
포장업계 수요 증가
에틸렌초산비닐는 유연성, 내구성, 내관통성, 내인열성이 우수하고 열 밀봉이 가능하기 때문에 다양한 포장 용도에 적합한 소재입니다. 식품 포장, 수축 포장 필름, 고무 및 접착제 등 산업용 포장에 점점 더 많이 사용되고 있습니다. 또한, EVA는 생산 과정에서 염소를 사용하지 않기 때문에 PVC를 대체할 수 있는 친환경 소재로서 소비자와 기업의 지속가능성에 대한 인식이 높아짐에 따라 그 매력이 더욱 커지고 있습니다.
원재료 가격 변동
에틸렌초산비닐(EVA) 시장은 원유에서 추출한 에틸렌과 비닐 아세테이트 모노머에 크게 의존하고 있기 때문에 원료 가격 변동에 큰 영향을받습니다. 원유 가격 변동과 석유 화학 공급망의 혼란은 이러한 원자재 가격에 큰 변동을 가져옵니다. 이러한 변동은 EVA 제조업체에 불확실성을 가져와 생산 비용의 변동, 예측할 수없는 수익률, 고객에게 안정적인 가격을 유지하는 데 어려움을 겪게됩니다.
신발 산업에서의 응용 분야 확대
EVA의 경량성, 우수한 충격 흡수 및 비용 효율성으로 인해 EVA는 다양한 신발 카테고리의 미드솔 및 아웃솔에 매우 바람직한 소재가되었습니다. 편안하고 기능적인 신발에 대한 수요가 증가하고 운동복과 캐주얼웨어에 대한 관심이 높아짐에 따라 EVA의 사용량은 크게 증가할 것으로 예상됩니다. 또한, EVA는 다양한 형태로 성형할 수 있고, 다양한 색상으로 구현할 수 있어 성능과 패션성 모두에 대한 수요 증가에 부응할 수 있는 다재다능한 소재입니다.
대안 소재와의 경쟁
폴리에틸렌, 폴리프로필렌, 열가소성 엘라스토머와 같은 대체 소재는 EVA와 유사한 특성을 경쟁력 있는 가격으로 제공합니다. 이러한 대체 소재는 비용 효율적인 솔루션이나 특정 용도의 성능 향상을 원하는 제조업체에게 어필할 수 있습니다. 그 결과, EVA 제조업체는 대체 소재에 시장 점유율을 빼앗길 위험에 직면하게 되고, 이는 매출과 이익률에 영향을 미칠 수 있습니다.
COVID-19의 영향
코로나19는 에틸렌초산비닐(EVA) 시장에 다양한 영향을 미쳤습니다. 초기에는 공급망의 혼란과 조업 중단으로 인한 생산 지연이 시장에 부정적인 영향을 미쳤습니다. 그러나 의료용 포장, 의료기기, 개인보호장비(PPE) 등 의료용 EVA 수요가 증가하면서 이러한 부정적인 영향을 일부 상쇄했습니다. 전반적으로 코로나19 사태는 단기적으로 어려움을 가져왔지만, 동시에 EVA 시장에 기회를 가져다주었고, 헬스케어와 같은 필수적인 분야에서 EVA의 중요성을 부각시켰습니다.
예측 기간 동안 초저밀도 에틸렌초산비닐 부문이 가장 큰 부문이 될 것으로 예상됩니다.
초저밀도 에틸렌초산비닐 부문이 가장 큰 점유율을 차지하는 것으로 추정되며, EVA 공중 합체는 비닐 아세테이트 함량에 의해 정의되고 그 특성에 영향을 미칩니다. 초저밀도 에틸렌초산비닐는 비닐 아세테이트 함량이 매우 낮아(보통 4%까지) 다른 EVA 등급과 차별화됩니다. 유연성, 부드러움, 우수한 투명성 등의 특성으로 인해 압착 필름, 실란트 필름, 연포장 등 이러한 특성이 필수적인 특수 용도에 이상적입니다.
예측 기간 동안 자동차 분야가 가장 높은 CAGR을 보일 것으로 예상됩니다.
자동차 분야는 예측 기간 동안 유리한 성장세를 보일 것으로 예상됩니다. EVA는 유연성과 내구성으로 인해 호스 및 씰과 같은 후드 아래 부품에 적합하며, 내후성으로 인해 개스킷 및 웨더 스트립과 같은 외장 부품에도 사용할 수 있습니다. 경량 소재, 편안함, 내구성을 중시하는 자동차 산업은 이 분야에서 EVA 수요를 더욱 증가시킬 것으로 예상됩니다.
최대 시장 점유율 지역
아시아태평양은 중국과 인도와 같은 국가의 급속한 산업화, 포장 부문의 호황, 신발 산업에 대한 대규모 투자, 태양광 패널 수요 증가로 인해 예측 기간 동안 가장 큰 시장 점유율을 차지했습니다. 또한, 아시아태평양에는 대규모 제조 기지가 있으며, EVA 산업에서 기술 혁신이 강조되고 있습니다. 이러한 요인들이 복합적으로 작용하여 아태지역은 전 세계 에틸렌초산비닐 시장의 성장을 주도하고 있습니다.
CAGR이 가장 높은 지역 :
북미는 예측 기간 동안 수익성 높은 성장을 이룰 것으로 예상됩니다. 이 지역은 엄격한 안전 규제와 고급 및 고품질 제품에 대한 소비자 선호도가 결합되어 포장, 신발, 건설 및 의료 분야에서 강력한 성장세를 보이고 있습니다. 또한, 이 지역에서는 지속적인 기술 혁신이 특수 EVA 등급의 개발에 기여하고 있으며, 용도 확대와 지속 가능한 대체품의 촉진은 시장의 성장을 더욱 촉진하고 있습니다.
무료 맞춤형 서비스 :
이 보고서를 구독하는 고객은 다음과 같은 무료 맞춤화 옵션 중 하나를 사용할 수 있습니다.
- 기업 프로파일
- 추가 시장 기업의 종합적인 프로파일링(최대 3개사까지)
- 주요 기업의 SWOT 분석(최대 3개사)
- 지역 세분화
- 고객의 관심에 따른 주요 국가별 시장 추정치, 예측, CAGR(주: 타당성 확인에 따라 다름)
- 경쟁사 벤치마킹
- 제품 포트폴리오, 지리적 입지, 전략적 제휴를 기반으로 한 주요 기업 벤치마킹
목차
제1장 주요 요약
제2장 서문
- 개요
- 이해관계자
- 조사 범위
- 조사 방법
- 데이터 마이닝
- 데이터 분석
- 데이터 검증
- 조사 접근
- 조사 정보원
- 1차 조사 정보원
- 2차 조사 정보원
- 전제조건
제3장 시장 동향 분석
- 성장 촉진요인
- 성장 억제요인
- 기회
- 위협
- 용도 분석
- 최종사용자 분석
- 신흥 시장
- COVID-19의 영향
제4장 Porter의 Five Forces 분석
- 공급 기업의 교섭력
- 바이어의 교섭력
- 대체품의 위협
- 신규 진출업체의 위협
- 경쟁 기업간 경쟁 관계
제5장 세계의 에틸렌초산비닐 시장 : 유형별
- 초저밀도 에틸렌초산비닐
- 저밀도 에틸렌초산비닐
- 중밀도 에틸렌초산비닐
- 고밀도 에틸렌초산비닐
제6장 세계의 에틸렌초산비닐 시장 : 용도별
- 사출성형
- 복합재 및 전선 및 케이블
- 필름 압출
- 발포
- 인쇄 잉크
- 태양전지 캡슐화
- 접착제
- 기타 용도
제7장 세계의 에틸렌초산비닐 시장 : 최종사용자별
- 의약품
- 포장
- 농업
- 태양광발전 패널
- 신발
- 재생에너지
- 전기 및 전자
- 자동차
- 접착제 및 실란트
- 기타 최종사용자
제8장 세계의 에틸렌초산비닐 시장 : 지역별
- 북미
- 미국
- 캐나다
- 멕시코
- 유럽
- 독일
- 영국
- 이탈리아
- 프랑스
- 스페인
- 기타 유럽
- 아시아태평양
- 일본
- 중국
- 인도
- 호주
- 뉴질랜드
- 한국
- 기타 아시아태평양
- 남미
- 아르헨티나
- 브라질
- 칠레
- 기타 남미
- 중동 및 아프리카
- 사우디아라비아
- 아랍에미리트(UAE)
- 카타르
- 남아프리카공화국
- 기타 중동 및 아프리카
제9장 주요 발전
- 계약/파트너십/협업/합작투자(JV)
- 인수와 합병
- 신제품 발매
- 사업 확대
- 기타 주요 전략
제10장 기업 프로파일링
- BASF SE
- Sumitomo Chemical
- ExxonMobil Corporation
- Formosa Plastics Corporation
- Dow Inc.
- Hanwha Total Petrochemical
- SIPCHEM
- ARLANXEO Holding B.V.
- Benson Polymers Limited
- Asia Polymer Corporation
- Celanese Corporation
- Braskem
- Clariant AG
- LyondellBasell Industries N.V.
- Arkema Group
- TotalEnergies SE
- Westlake Chemical Corporation
- Eastman Chemical Company
- Tosoh Corporation
- Borealis AG
LSH 24.05.13
According to Stratistics MRC, the Global Ethylene Vinyl Acetate Market is accounted for $11.48 billion in 2023 and is expected to reach $20.72 billion by 2030 growing at a CAGR of 8.8% during the forecast period. Ethylene-vinyl acetate is a copolymer of ethylene and vinyl acetate. EVA exhibits a combination of properties including flexibility, resilience, toughness, low-temperature resistance, and good adhesion to other materials. These properties make it suitable for a wide range of applications across industries such as packaging, footwear, automotive, construction, and electronics. EVA is a popular choice due to its cost-effectiveness, resilience, and adaptability to meet various needs.
According to a report released by the Solar Energy Industries Association (SEIA), the total installed solar power capacity in the country was projected to increase by 47% in 2020, with nearly 20 GW of new installations expected by the end of the year.
Market Dynamics:
Driver:
Growing demand from the packaging industry
Ethylene Vinyl Acetate's flexibility, durability, resistance to punctures and tears, and its ability to be heat-sealed make it an excellent material for various packaging applications. It's increasingly used for food packaging, shrink wrap films, and industrial packaging for products like rubber and adhesives. Additionally, EVA's lack of chlorine in its manufacturing process makes it an environmentally-friendly alternative to PVC, increasing its appeal as consumers and businesses become more sustainability-conscious.
Restraint:
Volatility in raw material prices
Volatility in raw material prices significantly impacts the Ethylene Vinyl Acetate (EVA) market as it's heavily reliant on ethylene and vinyl acetate monomers, both derived from crude oil. Fluctuations in crude oil prices and disruptions in the petrochemical supply chain cause significant price swings for these raw materials. This volatility creates uncertainty for EVA manufacturers, leading to fluctuating production costs, unpredictable profit margins, and difficulties in maintaining stable pricing for customers.
Opportunity:
Expanding applications in the footwear industry
EVA's lightweight nature, excellent shock absorption, and cost-effectiveness make it a highly desirable material for midsoles and outsoles across various footwear categories. As the demand for comfortable and functional footwear increases, along with a greater emphasis on athleisure and casual wear, EVA usage is expected to rise significantly. Moreover, the versatility of EVA allows it to be molded into various shapes and incorporate vibrant colors, meeting the growing demand for both performance and fashion-forward footwear options.
Threat:
Competition from substitutes
Alternative materials such as polyethylene, polypropylene, and thermoplastic elastomers offer similar properties to EVA at competitive prices. These substitutes may appeal to manufacturers seeking cost-effective solutions or improved performance in specific applications. As a result, EVA producers face the risk of losing market share to substitute materials, impacting revenue and profitability.
Covid-19 Impact
The COVID-19 pandemic had a mixed impact on the Ethylene Vinyl Acetate (EVA) market. Initially, supply chain disruptions and manufacturing slowdowns due to lockdowns negatively affected the market. However, increased demand for EVA in medical applications, such as medical packaging, medical devices, and personal protective equipment (PPE), partially offset these negative impacts. Overall, the pandemic posed short-term challenges but also created opportunities for the EVA market, highlighting its significance in essential sectors like healthcare.
The very low density ethylene vinyl acetate segment is expected to be the largest during the forecast period
The very low density ethylene vinyl acetate segment is estimated to hold the largest share. EVA copolymers are defined by their vinyl acetate content, which affects their properties. Very low density ethylene vinyl acetate has very low vinyl acetate content (typically up to 4%), making it distinct from other EVA grades. Its properties include increased flexibility, softness, and excellent clarity, making it ideal for specialized applications like cling films, sealant films, and flexible packaging where these characteristics are essential.
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is anticipated to have lucrative growth during the forecast period. EVA's versatility makes it valuable for various automotive applications: its noise and vibration dampening properties are used in car interiors like floor mats and door panels; its flexibility and durability make it ideal for under-the-hood components like hoses and seals; and its weather resistance allows it to be used in exterior components like gaskets and weather stripping. The automotive industry's focus on lightweight materials, comfort, and durability is expected to further drive the demand for EVA in this segment.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to rapid industrialization across countries like China and India, a booming packaging sector, significant investments in the footwear industry, and increasing demand for solar panels across the region. Additionally, the Asia Pacific offers a large manufacturing base and a focus on innovation within the EVA industry. These factors combine to make the region a major driver of global growth for the Ethylene Vinyl Acetate market.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period. The region exhibits strong growth in the packaging, footwear, construction, and medical sectors due to a combination of stringent safety regulations and consumer preference for advanced, high-quality products. Additionally, ongoing innovation within the region contributes to the development of specialized EVA grades, widening its applications and promoting sustainable alternatives that drive further market growth.
Key players in the market
Some of the key players in the Ethylene Vinyl Acetate Market include BASF SE, Sumitomo Chemical, ExxonMobil Corporation, Formosa Plastics Corporation, Dow Inc., Hanwha Total Petrochemical, SIPCHEM, ARLANXEO Holding B.V., Benson Polymers Limited, Asia Polymer Corporation, Celanese Corporation, Braskem, Clariant AG, LyondellBasell Industries N.V., Arkema Group, TotalEnergies SE, Westlake Chemical Corporation, Eastman Chemical Company, Tosoh Corporation and Borealis AG.
Key Developments:
In February 2023, Celanese Corporation successfully concluded an ultra-low capital project aimed at repurposing existing manufacturing and infrastructure assets at its Edmonton, Alberta facility. This strategic initiative led to a noteworthy 35% increase in the facility's ethylene vinyl acetate (EVA) capacity, showcasing Celanese's commitment to expanding and optimizing its EVA production capabilities.
In December 2021, Exxon Mobil Corporation acquired Materia Inc., a structural polymer company that offers a range of products for wind turbine blades, electric vehicle parts, sustainable construction, and anti-corrosive coatings.
Types Covered:
- Very Low Density Ethylene Vinyl Acetate
- Low Density Ethylene Vinyl Acetate
- Medium Density Ethylene Vinyl Acetate
- High Density Ethylene Vinyl Acetate
Applications Covered:
- Injection Molding
- Compounding and Wire & Cable
- Film Extrusion
- Foaming
- Printing Ink
- Solar Cell Encapsulation
- Adhesives
- Other Applications
End Users Covered:
- Pharmaceuticals
- Packaging
- Agriculture
- Photovoltaic Panels
- Footwear
- Renewable Energy
- Electrical & Electronics
- Automotive
- Adhesives & Sealants
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Ethylene Vinyl Acetate Market, By Type
- 5.1 Introduction
- 5.2 Very Low Density Ethylene Vinyl Acetate
- 5.3 Low Density Ethylene Vinyl Acetate
- 5.4 Medium Density Ethylene Vinyl Acetate
- 5.5 High Density Ethylene Vinyl Acetate
6 Global Ethylene Vinyl Acetate Market, By Application
- 6.1 Introduction
- 6.2 Injection Molding
- 6.3 Compounding and Wire & Cable
- 6.4 Film Extrusion
- 6.5 Foaming
- 6.6 Printing Ink
- 6.7 Solar Cell Encapsulation
- 6.8 Adhesives
- 6.9 Other Applications
7 Global Ethylene Vinyl Acetate Market, By End User
- 7.1 Introduction
- 7.2 Pharmaceuticals
- 7.3 Packaging
- 7.4 Agriculture
- 7.5 Photovoltaic Panels
- 7.6 Footwear
- 7.7 Renewable Energy
- 7.8 Electrical & Electronics
- 7.9 Automotive
- 7.10 Adhesives & Sealants
- 7.11 Other End Users
8 Global Ethylene Vinyl Acetate Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 BASF SE
- 10.2 Sumitomo Chemical
- 10.3 ExxonMobil Corporation
- 10.4 Formosa Plastics Corporation
- 10.5 Dow Inc.
- 10.6 Hanwha Total Petrochemical
- 10.7 SIPCHEM
- 10.8 ARLANXEO Holding B.V.
- 10.9 Benson Polymers Limited
- 10.10 Asia Polymer Corporation
- 10.11 Celanese Corporation
- 10.12 Braskem
- 10.13 Clariant AG
- 10.14 LyondellBasell Industries N.V.
- 10.15 Arkema Group
- 10.16 TotalEnergies SE
- 10.17 Westlake Chemical Corporation
- 10.18 Eastman Chemical Company
- 10.19 Tosoh Corporation
- 10.20 Borealis AG
- 추가 시장 기업의 종합적인 프로파일링(최대 3개사까지)
- 주요 기업의 SWOT 분석(최대 3개사)
- 고객의 관심에 따른 주요 국가별 시장 추정치, 예측, CAGR(주: 타당성 확인에 따라 다름)
- 제품 포트폴리오, 지리적 입지, 전략적 제휴를 기반으로 한 주요 기업 벤치마킹
- 데이터 마이닝
- 데이터 분석
- 데이터 검증
- 조사 접근
- 1차 조사 정보원
- 2차 조사 정보원
- 전제조건
- 미국
- 캐나다
- 멕시코
- 독일
- 영국
- 이탈리아
- 프랑스
- 스페인
- 기타 유럽
- 일본
- 중국
- 인도
- 호주
- 뉴질랜드
- 한국
- 기타 아시아태평양
- 아르헨티나
- 브라질
- 칠레
- 기타 남미
- 사우디아라비아
- 아랍에미리트(UAE)
- 카타르
- 남아프리카공화국
- 기타 중동 및 아프리카
According to Stratistics MRC, the Global Ethylene Vinyl Acetate Market is accounted for $11.48 billion in 2023 and is expected to reach $20.72 billion by 2030 growing at a CAGR of 8.8% during the forecast period. Ethylene-vinyl acetate is a copolymer of ethylene and vinyl acetate. EVA exhibits a combination of properties including flexibility, resilience, toughness, low-temperature resistance, and good adhesion to other materials. These properties make it suitable for a wide range of applications across industries such as packaging, footwear, automotive, construction, and electronics. EVA is a popular choice due to its cost-effectiveness, resilience, and adaptability to meet various needs.
According to a report released by the Solar Energy Industries Association (SEIA), the total installed solar power capacity in the country was projected to increase by 47% in 2020, with nearly 20 GW of new installations expected by the end of the year.
Market Dynamics:
Driver:
Growing demand from the packaging industry
Ethylene Vinyl Acetate's flexibility, durability, resistance to punctures and tears, and its ability to be heat-sealed make it an excellent material for various packaging applications. It's increasingly used for food packaging, shrink wrap films, and industrial packaging for products like rubber and adhesives. Additionally, EVA's lack of chlorine in its manufacturing process makes it an environmentally-friendly alternative to PVC, increasing its appeal as consumers and businesses become more sustainability-conscious.
Restraint:
Volatility in raw material prices
Volatility in raw material prices significantly impacts the Ethylene Vinyl Acetate (EVA) market as it's heavily reliant on ethylene and vinyl acetate monomers, both derived from crude oil. Fluctuations in crude oil prices and disruptions in the petrochemical supply chain cause significant price swings for these raw materials. This volatility creates uncertainty for EVA manufacturers, leading to fluctuating production costs, unpredictable profit margins, and difficulties in maintaining stable pricing for customers.
Opportunity:
Expanding applications in the footwear industry
EVA's lightweight nature, excellent shock absorption, and cost-effectiveness make it a highly desirable material for midsoles and outsoles across various footwear categories. As the demand for comfortable and functional footwear increases, along with a greater emphasis on athleisure and casual wear, EVA usage is expected to rise significantly. Moreover, the versatility of EVA allows it to be molded into various shapes and incorporate vibrant colors, meeting the growing demand for both performance and fashion-forward footwear options.
Threat:
Competition from substitutes
Alternative materials such as polyethylene, polypropylene, and thermoplastic elastomers offer similar properties to EVA at competitive prices. These substitutes may appeal to manufacturers seeking cost-effective solutions or improved performance in specific applications. As a result, EVA producers face the risk of losing market share to substitute materials, impacting revenue and profitability.
Covid-19 Impact
The COVID-19 pandemic had a mixed impact on the Ethylene Vinyl Acetate (EVA) market. Initially, supply chain disruptions and manufacturing slowdowns due to lockdowns negatively affected the market. However, increased demand for EVA in medical applications, such as medical packaging, medical devices, and personal protective equipment (PPE), partially offset these negative impacts. Overall, the pandemic posed short-term challenges but also created opportunities for the EVA market, highlighting its significance in essential sectors like healthcare.
The very low density ethylene vinyl acetate segment is expected to be the largest during the forecast period
The very low density ethylene vinyl acetate segment is estimated to hold the largest share. EVA copolymers are defined by their vinyl acetate content, which affects their properties. Very low density ethylene vinyl acetate has very low vinyl acetate content (typically up to 4%), making it distinct from other EVA grades. Its properties include increased flexibility, softness, and excellent clarity, making it ideal for specialized applications like cling films, sealant films, and flexible packaging where these characteristics are essential.
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is anticipated to have lucrative growth during the forecast period. EVA's versatility makes it valuable for various automotive applications: its noise and vibration dampening properties are used in car interiors like floor mats and door panels; its flexibility and durability make it ideal for under-the-hood components like hoses and seals; and its weather resistance allows it to be used in exterior components like gaskets and weather stripping. The automotive industry's focus on lightweight materials, comfort, and durability is expected to further drive the demand for EVA in this segment.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to rapid industrialization across countries like China and India, a booming packaging sector, significant investments in the footwear industry, and increasing demand for solar panels across the region. Additionally, the Asia Pacific offers a large manufacturing base and a focus on innovation within the EVA industry. These factors combine to make the region a major driver of global growth for the Ethylene Vinyl Acetate market.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period. The region exhibits strong growth in the packaging, footwear, construction, and medical sectors due to a combination of stringent safety regulations and consumer preference for advanced, high-quality products. Additionally, ongoing innovation within the region contributes to the development of specialized EVA grades, widening its applications and promoting sustainable alternatives that drive further market growth.
Key players in the market
Some of the key players in the Ethylene Vinyl Acetate Market include BASF SE, Sumitomo Chemical, ExxonMobil Corporation, Formosa Plastics Corporation, Dow Inc., Hanwha Total Petrochemical, SIPCHEM, ARLANXEO Holding B.V., Benson Polymers Limited, Asia Polymer Corporation, Celanese Corporation, Braskem, Clariant AG, LyondellBasell Industries N.V., Arkema Group, TotalEnergies SE, Westlake Chemical Corporation, Eastman Chemical Company, Tosoh Corporation and Borealis AG.
Key Developments:
In February 2023, Celanese Corporation successfully concluded an ultra-low capital project aimed at repurposing existing manufacturing and infrastructure assets at its Edmonton, Alberta facility. This strategic initiative led to a noteworthy 35% increase in the facility's ethylene vinyl acetate (EVA) capacity, showcasing Celanese's commitment to expanding and optimizing its EVA production capabilities.
In December 2021, Exxon Mobil Corporation acquired Materia Inc., a structural polymer company that offers a range of products for wind turbine blades, electric vehicle parts, sustainable construction, and anti-corrosive coatings.
Types Covered:
- Very Low Density Ethylene Vinyl Acetate
- Low Density Ethylene Vinyl Acetate
- Medium Density Ethylene Vinyl Acetate
- High Density Ethylene Vinyl Acetate
Applications Covered:
- Injection Molding
- Compounding and Wire & Cable
- Film Extrusion
- Foaming
- Printing Ink
- Solar Cell Encapsulation
- Adhesives
- Other Applications
End Users Covered:
- Pharmaceuticals
- Packaging
- Agriculture
- Photovoltaic Panels
- Footwear
- Renewable Energy
- Electrical & Electronics
- Automotive
- Adhesives & Sealants
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Ethylene Vinyl Acetate Market, By Type
- 5.1 Introduction
- 5.2 Very Low Density Ethylene Vinyl Acetate
- 5.3 Low Density Ethylene Vinyl Acetate
- 5.4 Medium Density Ethylene Vinyl Acetate
- 5.5 High Density Ethylene Vinyl Acetate
6 Global Ethylene Vinyl Acetate Market, By Application
- 6.1 Introduction
- 6.2 Injection Molding
- 6.3 Compounding and Wire & Cable
- 6.4 Film Extrusion
- 6.5 Foaming
- 6.6 Printing Ink
- 6.7 Solar Cell Encapsulation
- 6.8 Adhesives
- 6.9 Other Applications
7 Global Ethylene Vinyl Acetate Market, By End User
- 7.1 Introduction
- 7.2 Pharmaceuticals
- 7.3 Packaging
- 7.4 Agriculture
- 7.5 Photovoltaic Panels
- 7.6 Footwear
- 7.7 Renewable Energy
- 7.8 Electrical & Electronics
- 7.9 Automotive
- 7.10 Adhesives & Sealants
- 7.11 Other End Users
8 Global Ethylene Vinyl Acetate Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 BASF SE
- 10.2 Sumitomo Chemical
- 10.3 ExxonMobil Corporation
- 10.4 Formosa Plastics Corporation
- 10.5 Dow Inc.
- 10.6 Hanwha Total Petrochemical
- 10.7 SIPCHEM
- 10.8 ARLANXEO Holding B.V.
- 10.9 Benson Polymers Limited
- 10.10 Asia Polymer Corporation
- 10.11 Celanese Corporation
- 10.12 Braskem
- 10.13 Clariant AG
- 10.14 LyondellBasell Industries N.V.
- 10.15 Arkema Group
- 10.16 TotalEnergies SE
- 10.17 Westlake Chemical Corporation
- 10.18 Eastman Chemical Company
- 10.19 Tosoh Corporation
- 10.20 Borealis AG
