The global ethylene vinyl acetate market is estimated to be valued at USD 8.79 Bn in 2024, growing at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.  Ethylene vinyl acetate (EVA) is a copolymer of ethylene and vinyl acetate which possesses excellent adhesion, flexibility, and transparency properties. It is produced through a high-pressure polymerization process of ethylene and vinyl acetate. EVA finds wide application in several end-use industries such as photovoltaic modules, footwear, wires & cables, and packaging among others. The global ethylene vinyl acetate market has been growing significantly over the past few years owing to the rising demand for packaged food & beverage products along with expansion of photovoltaic installations worldwide. Furthermore, increasing building & construction activities along with growing electronic goods consumption are some of the key factors that are expected to propel the market growth during the forecast period.

 Market Dynamics:

The global ethylene vinyl acetate market has been witnessing noteworthy growth owing to the growing demand from varied end-use industries. Rising infrastructure developments in emerging nations along with increasing food & packaging consumption are fueling the market growth. Furthermore, expanding solar PV installations for electricity generation is positively influencing the demand for EVA encapsulants in solar modules. However, volatility in raw material prices due to supply chain disruptions is a major challenge hindering the market growth. On the other hand, technological advancements in EVA production coupled with growing research & development activities for new applications are likely to present lucrative opportunities for market players in the coming years.

 Key Features of the Study:

• This report provides an in-depth analysis of the global ethylene vinyl acetate market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global ethylene vinyl acetate market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Exxon Mobil Corporation, Dow Inc., LyondellBasell Industries N.V., Celanese Corporation, E.I. du Pont de Nemours and Company, Hanwha Chemical Corporation, Braskem S.A. , LG Chem Ltd., Arkema S.A. , Saudi Basic Industries Corporation, BASF SE , Formosa Plastics Corporation , TotalEnergies SE , Eastman Chemical Company, Westlake Chemical Corporation, Tosoh Corporation , China Petrochemical Corporation, Borealis AG (Austria), China National Petroleum Corporation, and INEOS Group AG
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global ethylene vinyl acetate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ethylene vinyl acetate market

Detailed Segmentation-

• By Type:
  • Vinyl Acetate Modified Polyethylene
  • Thermoplastic Ethylene-Vinyl Acetate
  • Ethylene Vinyl Acetate Rubber
• By Application:
  • Film
  • Foam
  • Hot Melt Adhesives
  • Photovoltaic Cells
• By End-use Industry:
  • Automotive
  • Packaging
  • Medical & healthcare
  • Consumer Goods
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles:

• Exxon Mobil Corporation
• Dow Inc.
• LyondellBasell Industries N.V.
• Celanese Corporation
• E.I. du Pont de Nemours and Company
• Hanwha Chemical Corporation
• Braskem S.A.
• LG Chem Ltd.
• Arkema S.A.
• Saudi Basic Industries Corporation
• BASF SE
• Formosa Plastics Corporation
• TotalEnergies SE
• Eastman Chemical Company
• Westlake Chemical Corporation
• Tosoh Corporation
• China Petrochemical Corporation
• Borealis AG (Austria)
• China National Petroleum Corporation
• INEOS Group AG