H1 2023: During H1 2023, key producers of Ethylene Vinyl Acetate (EVA) were Formosa Plastics Corporation, Sinopec, and Hanwha Total Petrochemical. However, Sinopec held the largest production capacity of EVA globally in H1 2023. In H1 2023, Celanese Corporation, a global producer of chemicals, announced about successful expansion of its EVA plant at its site at Edmonton, Alberta, Canada. The expansion included increasing the EVA production capacity by 35% in Q1 2023. The goal behind the expansion was to increase the production of EVA at the company’s Alberta site to meet the significantly growing demand for EVA for applications in the numerous industries such as packaging and photovoltaic applications. In H1 2023, vinyl acetate monomer (VAM) feedstock prices declined in US due to low acetic acid feedstock costs and stable energy prices across US. Due to a moderate consumption rate in the US market, the production rate remained constant across US. Import from the Asia Pacific region increased and the freight prices fell across the U.S. The winter season led to lethargic consumption of footwear and adhesive by the construction sector with the decline in the construction activities in U.S. In addition, the shipping activity of APAC dwindled due to weak EVA demand from downstream in industries as global inflation and led to the plummeting of the cargo prices. Reduced product procurement led to low demand for EVA, high inventory level, and excess of raw material (VAM) in the US and thus, the prices continue to fall till June 2023.
The global Ethylene Vinyl Acetate (EVA) market expanded to reach approximately 3000 thousand tonnes in 2022 and is expected to grow at a CAGR of 5.73% during the forecast period until 2035.
Ethylene Vinyl Acetate (EVA) is a polymeric resin which is a copolymer of vinyl acetate and ethylene. This resin displays wonderful properties like good flexibility, ability to sustain even at low temperatures such as -70degree Celsius, high durability and resistance to chemicals. These properties are responsible for its applications in various industries like the manufacturing footwear, automobile components, hose, toys, athletic goods, toothbrushes, combs, and flexible packaging films.
The primary driver of Ethylene Vinyl Acetate (EVA) global market is by the Footwear sector, which is anticipated to rise in response to rising population across the globe. It is mainly due to the high resistance, high friction coefficient, crack resistance, thermal insulation, strong shock resistance, chemical resistance, vibration penetration, and low rates of water absorption, Ethylene Vinyl Acetate (EVA) is a perfect material for the footwear industry. In 2022, approximately 55% of global Ethylene Vinyl Acetate (EVA) was utilized by Footwear industry. Furthermore, Ethylene-vinyl acetate is also used in solar panels as an adhesive to enclose photovoltaic (PV) modules in order to offer structural supports and electrical isolation, which further drives the EVA demand. The global market of Ethylene Vinyl Acetate (EVA) is likely to experience a surge and reach approximately 6500 tonnes by 2035.
Based on demand across the globe, the Asia Pacific reported to be the biggest consumer of Ethylene Vinyl Acetate (EVA) market. In 2022, Asia Pacific consumed 52% of the EVA across the globe. The packaging industry's increasing demand is one of the main drivers of the Ethylene Vinyl Acetate (EVA) market's expansion in Asia Pacific region. Because of the rising demand for consumer goods and electronics products like footwear, laptops, mobile phones and accessories, the packaging end-use sector is also predicted to expand significantly. The industrial packaging is anticipated to fuel demand for EVA in the forecast period.
Based on the end-user industry, the global Ethylene Vinyl Acetate (EVA) market is segmented into different industrial sectors that include Footwear, Adhesives, Packaging, Photovoltaic Cell, and others. The Footwear industry is the dominating as a consumer industry for Ethylene Vinyl Acetate (EVA) market. The Adhesives industry is also one of the leading consumers of EVA. The consumption of Ethylene Vinyl Acetate (EVA) in the Photovoltaics industry in which EVA is utilized as an encapsulant as well as adhesive in solar panels, in anticipated to further propel the demand of EVA on a global level.
Major players in the production of Global Ethylene Vinyl Acetate (EVA) are ExxonMobil Corporation, Sinopec, Hanwha Total Petrochemical, Formosa Plastics Corporation, BASF-YPC, The Dow Chemical Company, Celanese, Shaanxi Yanchang Zhongmei Yulin Energy Chemical Co., Ltd, Asia Polymer Corporation, PJSC Kazanorgsintez, Sinopec-DuPont, and others.
Years for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2022
Forecast Period: 2023-2035
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• To assess the demand-supply scenario of Ethylene Vinyl Acetate (EVA) which covers production, demand and supply of Ethylene Vinyl Acetate (EVA) market in the globe.
• To analyse and forecast the market size of Ethylene Vinyl Acetate (EVA)
• To classify and forecast Global Ethylene Vinyl Acetate (EVA) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ethylene Vinyl Acetate (EVA) market in the globe.
To extract data for Global Ethylene Vinyl Acetate (EVA) market, primary research surveys were conducted with Ethylene Vinyl Acetate (EVA) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Ethylene Vinyl Acetate (EVA) market over the coming years.
ChemAnalyst calculated Ethylene Vinyl Acetate (EVA) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the consumption of Ethylene Vinyl Acetate (EVA) by the end-user industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ethylene Vinyl Acetate (EVA) manufacturers and other stakeholders
• Organizations, forums and alliances related to Ethylene Vinyl Acetate (EVA) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ethylene Vinyl Acetate (EVA) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Ethylene Vinyl Acetate (EVA) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
3000 thousand tonnes
Market size Volume by 2035
6500 thousand tonnes
Growth Rate
CAGR of 5.73% from 2023 to 2035
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2035
Quantitative units
Demand in thousand tonnes and 5.73% CAGR from 2023 to 2035
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Footwear, Adhesives, Packaging, Photovoltaic Cell, and others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in
tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
Which region is leading as a consumer of the global Ethylene Vinyl Acetate (EVA) market?
Ans:
Asia Pacific is the largest consumer of the global Ethylene Vinyl Acetate (EVA) market.
Q2.
What are the major end-use industries of Ethylene Vinyl Acetate (EVA)?
Ans:
Ethylene Vinyl Acetate (EVA) is used in a wide range of end use industries including Footwear, Adhesives, Packaging, Photovoltaic Cell, and others.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.