NEW YORK, March 21, 2023 (GLOBE NEWSWIRE) -- Research firm IndexBox has just published a new comprehensive report titled "Global Ethylene-Vinyl Acetate Copolymer (EVA) Market: Analysis, Forecast, Size, Trends, and Insights." The full report can be found on the company's website at https://www.indexbox.io/store/world-ethylene-vinyl-acetate-copolymers-in-primary-forms-market-analysis-forecast-size-trends-and-insights/. Trial access to market data is now available on the IndexBox platform.
The report presents a detailed market forecast for the global ethylene-vinyl acetate copolymer (EVA) market through 2030. Key factors influencing the market outlook include rising demand from various end-use industries, technological advancements, and increased focus on sustainable materials. The report identifies key growth drivers and challenges, as well as factors affecting demand in the global EVA market.
The market is segmented by application, end-use industry, and region. In this industry overview, IndexBox provides key statistics, insights, and forecasts for each segment and region.
Segmentation by Application:
- Films
- Foams
- Hot Melt Adhesives
- Compounds and Masterbatches
- Others (e.g., Hose and Tubing, Photovoltaic Encapsulation)
Films represent the largest application segment in the EVA market, followed by foams and hot melt adhesives. The demand for EVA films is primarily driven by the packaging industry, as they offer excellent flexibility, resilience, and sealing properties. The foams segment is anticipated to experience significant growth due to the expanding automotive and construction sectors, where EVA foams are used for insulation, cushioning, and noise reduction.
Segmentation by End-Use Industry:
The packaging industry is the largest consumer of EVA, accounting for a significant share of the market. The growing demand for flexible and durable packaging materials is driving the adoption of EVA in this sector. The automotive industry is another key end-use market, with EVA being used in various components such as door seals, gaskets, and interior trims. The construction and footwear industries are also expected to fuel the demand for EVA in the coming years.
Regional Analysis:
- Asia-Pacific
- North America
- Europe
- Latin America
- Middle East and Africa
The Asia-Pacific region dominates the global EVA market, with China and India being the major contributors. Rapid industrialization, urbanization, and the expansion of end-use industries in these countries are driving the demand for EVA products. North America and Europe are also significant markets, with stable demand from the automotive, construction, and packaging sectors. Latin America and the Middle East and Africa are expected to exhibit moderate growth during the forecast period.
Some of the largest manufacturers in the EVA industry include ExxonMobil Chemical, Dow Chemical, Hanwha Chemical, and Formosa Plastics Corporation. The report offers an in-depth analysis of their market shares, strategies, and recent developments.
Aleksandr Romanenko, CEO of IndexBox, said, "Our research highlights the promising growth potential of the global EVA market. The increasing demand from various end-use industries and the focus on sustainable materials are expected to drive the market forward, offering significant opportunities for both existing players and new entrants."
For more information, visit https://www.indexbox.io/store/world-ethylene-vinyl-acetate-copolymers-in-primary-forms-market-analysis-forecast-size-trends-and-insights/
Keywords: Ethylene-Vinyl Acetate, EVA, Market Forecast, Market Analysis, Copolymer
