Global Ethylene Vinyl Acetate Market 2016-2020

This market research report presents a detailed segmentation of the global EVA market by type (VLEVA, LEVA, MEVA, and HEVA), by applications (films and sheets, injection moldings, extrusion coatings, and others), by end use (footwear and foams, packaging, photovoltaic panels, and others), and by geography (APAC, Europe, North America, and ROW). The leading vendors in the market include Arkema, LyondellBasell, ExxonMobil, Hanwha, and Celanese.

Overview of the global ethylene vinyl acetate (EVA) market

Technavio’s market research analyst predicts the global ethylene vinyl acetate (EVA) market to grow at a CAGR of more than 5% by 2020.  The EVA sheets are increasingly being used to encapsulate solar panels. The EVA materials are gaining popularity in encapsulation due to their desirable properties such as better transparency and elasticity, excellent melt fluidity, low processing temperature, adhesive property, and lower costs. EVA accounts for around 80% of the encapsulant application in the photovoltaic industry, and the increased investments in solar energy for generating renewable and sustainable energy will spur the consumption of EVA. With the growing usage of EVA in photovoltaic applications and solar cell installations, the market is expected to witness massive growth in the coming years.

An interesting trend gaining prominence in the market is the replacement of synthetic-based EVA by bio-based EVA. This change is primarily due to the stringent government regulations and growing consumer awareness regarding health and environmentally friendly products in developed regions such as Europe and North America. The manufacturers are opting for bio-based alternatives for EVA owing to the stringent laws to reduce the harmful emissions during the manufacturing process. Ethylene can be sourced from natural oils such as palm, castor, rapeseed, corn, and soy, which are easily available. Also, bio-based EVA can be used in the manufacture of adhesives, sealants, and rigid and flexible foams. The market will witness increased consumption of bio-based EVA owing to the growth of automotive, furniture, and packaging industries.

Segmentation by type and analysis of the EVA market

• Middle EVA (MEVA)
• Light EVA (LEVA)
• Heavy EVA (HEVA)
• Very low EVA (VLEVA)

The HEVA segment is expected to be the fastest growing market segment during the forecast period owing to the growing consumer preference for high-performance EVA with higher concentrations of vinyl acetate. Its applications include carpet backing, photovoltaic cells, hot-melt adhesives, injection molding, solar panels, wax-blended coatings, polymer modification, extrusion, and grafted polymers. The growing usage of EVA film in the flexible packaging of foods and beverages has augmented the consumption for EVA in the segment.

Geographical segmentation and analysis of the EVA market

• APAC
• Europe
• North America
• ROW

During 2015, APAC dominated the EVA market and accounted for more than 48% of the overall market share. China dominated the production and the consumption of EVA in the region. Much of APAC’s growth can be attributed to the growth of the shoes and foam industries and elevated demand from end-user industries like packaging. The growing effort towards harvesting solar energy has encouraged the use of photovoltaic cells during the forecast period.

Competitive landscape and key vendors

Intense competition prevails in the market with the presence of several global and regional manufacturers. Vendors in the market are focusing on niche market applications and are developing innovative products to gain better market shares. They are also emphasizing on high-end applications in dispersions, construction, and building materials, architectural coatings, and many other segments.

Key vendors in the market include -

• Arkema 
• LyondellBasell
• ExxonMobil 
• Hanwha
• Celanese

Other prominent vendors in the EVA market are Asia Polymer, Braskem SA, Bridgestone, Formosa Plastics, Dow Chemical, E. I. du Pont de Nemours, Eni SpA, LANXESS AG, Repsol SA, and Sumitomo.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global EVA market?
• What are the key market trends impacting the growth of the global EVA market?
• What are the challenges to market growth?
• Who are the key vendors in the global EVA market?
• What are the market opportunities and threats faced by the vendors in the global EVA market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global EVA market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Hot Melt Adhesives Market 2016-2020
• Global Packaging Adhesives Market 2015-2019
• Global Agricultural Films Market 2015-2019

Ethylene-vinyl acetate or EVA is also known as poly ethylene-vinyl acetate or PEVA and is the copolymer of ethylene and vinyl acetate. EVA is essentially an elastomeric polymer, which produces materials that are ‘rubber-like" in softness and flexibility. The material has excellent clarity and gloss, low-temperature toughness, hot-melt adhesive waterproof properties, stress-crack resistance, and exhibits high resistance to UV radiation. It also has a distinctive vinegar-like odor and can compete with rubber and vinyl products for electrical applications. Vendors like The Dow Chemical Company, ExxonMobil, LyondellBasell Industries, and Celanese will be some of the key players in this market space.

The report, global ethylene vinyl acetate (EVA) market, is part of Technavio’s chemicals and materials research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as additives, adhesives and sealants, agrochemicals and fertilizers, bio-chemicals and bio-materials, chemical engineering equipment, glass and ceramics, industrial gases, metals and minerals, olefins, paints, coatings, and pigments, personal protective equipment, plastics, polymers, and elastomers, and specialty chemicals. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.