Global Ethylene-vinyl acetate (EVA) Market Outlook to 2026

Ethylene-vinyl acetate (EVA) is a polymer of ethylene and vinyl acetate and it comprises 60-90% ethylene, depending on the purpose. According to Blue Quark Research & Consulting, the global Ethylene-vinyl acetate (EVA) market is expected to witness significant growth during the forecast period. Factors such as growing demand in the industrial footwear, packaging, solar energy, and medical industry due to its low density, softness, and flexibility drive the Global Ethylene-vinyl acetate (EVA) Market. Furthermore, Ethylene-vinyl acetate (EVA) is also used in by biomedical engineering industry for applications like drug delivery devices. These industries are growing swiftly, thus growing the Global Ethylene-vinyl acetate (EVA) Market. However, the high cost of production of the Ethylene-vinyl acetate (EVA) and the availability of a few cheap substitutes like low-densitypolyethylene (LDPE) can restrain the Global Ethylene-vinyl acetate (EVA) Market.

Ethylene-vinyl acetate (EVA) isused to manufacture a wide range of products such as Foams, adhesives, Solar cell Encapsulation, Films, drug delivery devices, expanded rubber, and others. It serves various end-users like Footwear, Packaging, Biotechnology, and Photovoltaic.

The Footwear and Foam Industry are the most dominant consumer of Ethylene-vinyl acetate (EVA) globally and are expected to drive the future market. Properties of Ethylene-vinyl acetate (EVA) like thermal insulation, chemical resistance, high impact and vibration absorption, stress-crack resistance, and buoyancy with low water absorption make it an ideal material for footwear industry. It is used as foams for the midsoles of footwear rather than being used directly as plastic or rubber. Ethylene-vinyl acetate is an elastomeric polymer that makes rubber-like materials in terms of softness and flexibility. Therefore, Ethylene-vinyl acetate (EVA) foams are widely used as pads in sports equipment like Bicycle saddles, hockey pads, ski boots, martial arts gloves and helmets, fishing rods. It is usually used as a shock-proof sole material in sport's shoes. Being lightweight, glossy, easy to form, and cheaper than natural rubber, Ethylene-vinyl acetate slippers and sandals have become quite popular. Ethylene-vinyl acetate (EVA) films are considered one of the most used applications due to the growing number of uses in packaging, solar energy, pharmaceutical, and agriculture. Characteristics such as elasticity, flexibility, low-temperature resistance of Ethylene-vinyl acetate also make it of great use for wires and cables applications. Telecommunication and power sectors widely use Ethylene-vinyl acetate insulated cables.

Major global players in the industry wereLyondellBasell Industries,The Dow Company,ExxonMobil Corporation, Clariant, Arlanxeo, Benson Polymers Limited, Innospec Inc., Repsol, Kemipex, SK Global, Sipchem, Sumitomo Chemical Co. Ltd., Asia Polymer Corporation, Braskem, Tosoh Corporation, among others.

Asia-Pacific is expected to be the largest market for Ethylene-vinyl acetate in the forecasted year. Due to the increasing population in the region, the demand for footwear increases the Ethylene-vinyl acetate demand. With the rapid urbanization in the region, the demand for packaged food and other packed items is also increasing, thus growing the Film market in the region. Since China's growth rate had been impressive over the last decades, the following decade is also expected to witness the same growth, making China a leader in Ethylene-vinyl acetate demand and supply. Further, China has the most prominent packing and photovoltaic industry and is expected to consolidate its position as a prime Ethylene-vinyl acetate market. Customized packing in the food industry like packed frozen food, snack foods, and increasing exports of these items are also driving the Ethylene-vinyl acetate market in the country. Ethylene-vinyl acetate is also used as an encapsulant and adhesive in solar panels. Photovoltaic (PV) modules are usually encapsulated using Ethylene-vinyl acetate to provide electrical isolation, optical coupling, mechanical supports, and protection against environmental exposure. The energy sector in China, especially the solar power sector, has grown significantly over the last decade. The farmers and other poor people in India are also given subsidies for using solar panels in their fields for electricity, thus driving the Ethylene-vinyl acetate market in the Asia-Pacific region. Ethylene-vinyl acetate is considered to be a very successful innovation for the medical industry as well. Its applications ranging from delivery of life-saving medicines, cryogenic storage bags to its ability to create innovative solutions to healthcare's most challenging and complex problems makes it a very useful polymer for the industry. China and India are among the worst-hit countries by COVID-19; the drastic increase in demand for medical supplies has also been a growth factor for the Ethylene-vinyl acetate market in the region.

Lyondell Industries recently declared that their Lupotech T high-pressure polyethylene technology will be used by Jiangsu Sailboat Petrochemical Co. Ltd in Lianyungang City, Jiangsu Province, China. This technology will be efficiently used for a 200 KTA ethylene-vinyl acetate copolymer (EVA) and low-density polyethylene (LDPE) line in order to manufacture EVA products with vinyl acetate comonomer.

Global Ethylene-vinyl acetate (EVA) Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Ethylene-vinyl acetate market by segmenting based on the Grade (Low Density, Medium Density, High Density), End-User Industry (Footwear & Foams, Photovoltaic, Packaging, Pharmaceutical & Biotechnology, Others), By Applications (Adhesives, Films, Foams, Solar Cells, and others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). This report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. The report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.