The India Ethylene Vinyl Acetate (EVA) market has grown significantly during the historical period of FY2015-FY2022 and reached approximately 196 thousand tonnes in FY2023 and is anticipated to grow at a steady CAGR of 3.54% by FY2034.
Ethylene Vinyl Acetate (EVA) is a copolymer of ethylene and vinyl acetate. It is a highly flexible, durable thermoplastic with high and gloss and low smell. It is used in a wide array of industries including footwear, electrical, adhesive, and rubber industries. Due to its expanding use in the adhesive and footwear industries, EVA has shown a hike in demand. Packaging bags made using EVA are quite popular because they are sturdy, show high flexibility, and low temperature resistance, which significantly contributes to the market growth potential. EVA is shock absorbent and is frequently used in the midsole of shoes as a cushioning material since it lessens the stress on your feet as you run. EVA foam is also very tough and resistant to high temperatures. The demand for higher-quality footwear items has grown as a result of rising per capita income, population growth, and fast urbanization. During the forecasted period, the factor is anticipated to significantly strengthen market growth. India Ethylene Vinyl Acetate (EVA) market is expected to reach approximately 290 thousand tonnes by FY2034.
Based on region, the India Ethylene Vinyl Acetate (EVA) Market is segregated into North, South, East, and West. In the historic period of FY2015-FY2022, West India has been the primary market consumer. Western states like Gujarat and Maharashtra, have been the major consumers of Ethylene Vinyl Acetate (EVA) due to the abundance of multiple manufacturers of footwear, plastic goods, and other end-use industries allocated in these locations.
Based on the end-user industry, the India Ethylene Vinyl Acetate (EVA) market is segmented into Footwear, Packaging, Photovoltaic Cell, and Others. Although, the Footwear industry is consuming the majority of Ethylene Vinyl Acetate (EVA) and held a market share of approximately 55% in the year FY2023. EVA has many uses in the packaging film industry. EVA is a common polymer used as an encapsulant between a solar module's glass cover and the glass cover of the solar cells inside the module is ethylene vinyl acetate (EVA).
Significant players in the India Ethylene Vinyl Acetate (EVA) market are and Reliance Industries Limited. Furthermore, major players in the Global Ethylene Vinyl Acetate (EVA) are ExxonMobil Corporation, Sinopec, Hanwha Total Petrochemical, Formosa Plastics Corporation, BASF-YPC, Dow, Shaanxi Yanchang Zhongmei Yulin Energy Chemical Co., Ltd, and others.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2023
Estimated Year: FY2024
Forecast Period: FY2025- FY2034
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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 India.
• To analyse and forecast the market size of Ethylene Vinyl Acetate (EVA) in India.
• To classify and forecast India Ethylene Vinyl Acetate (EVA) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Ethylene Vinyl Acetate (EVA) market in India.
To extract data for India 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 India Ethylene Vinyl Acetate (EVA) market over the coming years.
ChemAnalyst calculated Ethylene Vinyl Acetate (EVA) demand in India by analysing the volume of Ethylene Vinyl Acetate (EVA) consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine 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, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India 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 FY2023
196 thousand tonnes
Market size Volume by FY2034
250 thousand tonnes
Growth Rate
CAGR of 3.54% from FY2024 to FY2034
Base year
FY2023
Estimated year
FY2024
Historical Data
FY2015 – FY2022
Forecast period
FY2025 – FY2034
Quantitative units
Demand in thousand tonnes and CAGR from FY2024 to FY2034
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, Packaging, Photovoltaic Cell, and Others)
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Member - Board of Directors
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What is the anticipated India market growth rate of Ethylene Vinyl Acetate (EVA) in terms of volume in FY2034?
Ans:
The India Ethylene Vinyl Acetate (EVA) market is anticipated to grow at an anticipated CAGR of 3.54% in the forecast period until FY2034.
Q2.
Which industry is dominating the India Ethylene Vinyl Acetate (EVA) market?
Ans:
As of FY2023, Footwear industry is dominating the Ethylene Vinyl Acetate (EVA) market in India with an estimated share of roughly 55%.
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