The global ethylene vinyl acetate (EVA) resins market was valued at $6,052 million in 2015, and is expected to grow at a CAGR of 7.5% from 2016 to 2022 to reach $10,050 million. Ethylene vinyl acetate (EVA) resins are flexible products compatible with a wide range of polymers and additives. Ethylene and vinyl acetate are the primary raw materials used to manufacture these resins. EVA resins with 18‐40% vinyl acetate concentration are used to produce hot melt adhesives. The rate of recrystallization and melt viscosity depends on the choice of EVA resin used for adhesive formulations. EVA with low melt index (MI) offers high strength, viscosity, and hot tack, while high melt index counterparts provide low viscosity and high polymer content.
The global EVA resins market is driven by the growth of the packaging industry, rise in demand among various end-user industries, such as agriculture and photovoltaic panels. Asia-Pacific is expected to witness substantial growth in the global market, owing to rise in disposable income and increase in population in emerging economies such as China and India. Fluctuation in prices of raw materials and increase in competition from substitutes, including linear low-density polyethylene (LLDPE), are expected to hamper the market growth in the next few years. Newly installed photovoltaic facilities and increase in the number of upcoming solar projects in emerging markets, such as China and India, are expected to provide lucrative potential for market growth.
The global EVA resins market is analyzed on the basis of type, application, end user, and geography. Based on type, the market is divided into vinyl acetate modified polyethylene, thermoplastic ethylene vinyl acetate, and ethylene vinyl acetate rubber. The application areas of the market are broadly classified into film, foam, hot melt adhesives, wire & cable, extrusion coating, solar cell encapsulation, and others (injection molding and medical tubing). The end users of the market are automotive; packaging & paper; paints, coatings & adhesives; electronics & electrical; pharmaceutical; footwear; photovoltaic panels; and others (agriculture and medical). The market is analyzed based on four regions: North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in this market include the following:
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(Companies mentioned above are not profiled in the report, but can be profiled upon client request.)
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