Pune, Nov 24, 2022: Maximize Market Research has recently released a new research study titled “Ethylene Vinyl Acetate Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2029”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. Ethylene Vinyl Acetate Market was valued at US$ 7.34 Bn. in 2021 and the total Ethylene Vinyl Acetate revenue is expected to grow at 6.5% from 2022 to 2029, reaching nearly US$ 12.15 Bn.
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Ethylene Vinyl Acetate Market Report Scope & Research Methodology:
The research includes complete market insights for industry stakeholders, including an explanation of complex market statistics in clear terms, the history and current state of the industry, as well as estimated market size and trends. The study looks at all industry segments (Type, End-Use Industry, and Region), with a focus on major firms such as market leaders, followers, and new entrants. The report is an investor’s guide since it provides a comprehensive picture of the competitive landscape of leading players in the Ethylene Vinyl Acetate market by goods and services, revenue, financial status, portfolio, growth strategies, and geographical presence.
Secondary research is used to identify key companies in the Ethylene Vinyl Acetate market, while primary and secondary research is used to determine their market revenues. Interviews with key opinion leaders and industry specialists such as competent front-line staff, entrepreneurs, and marketing professionals were conducted as part of primary research, while a review of annual and financial reports of prominent manufacturers was conducted as part of secondary research. BASF SE, Exxon Mobil Corporation, DowDuPont, and Hanwha Group are some of the major players in the global Ethylene Vinyl Acetate market, and the report not only represents global companies but also includes the market holdings of local players in each country. The market structure illustrated in each country, with market holdings by market leaders, followers, and local companies, provides a full insight into the research. The report covers the market’s mergers and acquisitions, strategic alliances, joint ventures, and partnerships by region, investment, and strategic intent.
Ethylene Vinyl Acetate Market Overview:
EVA is an ethylene-vinyl acetate copolymer. It is an elastic material with a vinyl acetate composition ranging from 10% to 40%. It has exceptional flexibility and softness and is also known as polyethylene vinyl acetate (PEVA). EVA also has good clarity and gloss, low-temperature toughness, stress crack resistance, a high friction coefficient, hot-melt adhesive waterproof properties, and UV radiation resistance. These copolymers are utilized in a variety of end-use sectors, including footwear and foams, packaging, agriculture, solar encapsulation, and others.
Ethylene Vinyl Acetate Market Dynamics:
The global solar power industry is growing rapidly as a result of enormous investments by governments in both developed and developing countries. Solar power is one of the most consistent and pure energy sources, and it is a viable alternative to fossil fuels, which are mostly responsible for pollution and contributing to global warming. Ethylene-vinyl acetate (EVA) is utilized as an encapsulating agent in solar modules to ensure good radiation transmission and minimal degradability to sunshine. It is also used to create sealing and insulating coatings around solar cells.
Ethylene Vinyl Acetate Market Regional Insights:
Solar is expected to be the largest end-use sector, with the strongest growth during the forecast period, driven by development in solar photovoltaic cell installation in the Asia Pacific region, particularly in China, India, Japan, South Korea, and Taiwan. Asia Pacific is expected to be the largest market in terms of value and volume, with the strongest growth throughout the forecast period, driven by growth in end-use sectors such as packaging, footwear, solar photovoltaic cells, and wires and cables. Because of its high use in footwear, solar, automotive, and wires and cables, China is the largest market for ethylene vinyl acetate, aided by strong domestic demand.
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Ethylene Vinyl Acetate Market Segmentation:
- Low-Density Ethylene Vinyl Acetate (LEVA)
- Medium Density Ethylene Vinyl Acetate (MEVA)
- High-Density Ethylene Vinyl Acetate (HEVA)
By End-Use Industry:
- Footwear & Foam
- Photovoltaic Panels
Ethylene Vinyl Acetate Market Key Competitors:
- BASF SE
- Exxon Mobil Corporation
- Hanwha Group
- Celanese Corporation
- ExxonMobil Corporation
- Celanese Corporation
- Sumitomo Chemical
Key Questions answered in the Ethylene Vinyl Acetate Market Report are:
- What is the competitive scenario of the Ethylene Vinyl Acetate Market?
- Which are the key factors aiding the Ethylene Vinyl Acetate Market growth?
- Which region is expected to hold the largest share of the Ethylene Vinyl Acetate Market by 2029?
- What will be the CAGR of the Ethylene Vinyl Acetate Market during the forecast period?
- Which are the prominent players in the Ethylene Vinyl Acetate Market?
- What key trends are likely to emerge in the Ethylene Vinyl Acetate Market during the forecast period?
- What is the expected Ethylene Vinyl Acetate Market size by 2029?
- Which company held the largest share of the Ethylene Vinyl Acetate Market in 2021?
- Which application segment is expected to emerge as the leading segment in the Ethylene Vinyl Acetate Market?
- Which product segment held the largest share of the Ethylene Vinyl Acetate Market in 2021?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Type, End-Use Industry, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading chemical & material research firm, has also published the following reports:
Structural Adhesives Market – The Structural Adhesives Market size is expected to reach USD 26.8 Billion by 2029, at a CAGR of 6.7% during the forecast period. The growing demand for adhesives in the construction and wind energy industries, as well as the product’s rapid adoption in the automotive industry, are the key drivers boosting the market growth.
Carbon Felt & Graphite Felt Market – Carbon Felt & Graphite Felt Market was valued at USD 530.55 Million in 2021, and it is expected to reach USD 1090.25 Million by 2029, exhibiting a CAGR of 9.42 % during the forecast period (2022-2029). The growing need for high-performance batteries, as well as advancements in carbon fiber performance in high-temperature applications, are driving the carbon felt and graphite felt industry growth.
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