ETHYLENE VINYL ACETATE MARKET ANALYSIS
The global ethylene vinyl acetate market is facing challenges such as fluctuating raw material prices and growing environmental concerns. As ethylene and vinyl acetate are crude oil derivatives, uncertainty in oil prices leads to volatility in EVA prices. This affects demand from end-use industries like packaging, solar cell encapsulation, and wire and cable.
Opportunities: Fast growth in e-commerce
The market sees opportunities in the expanding applications of EVA-based products. Fast growth in e-commerce is driving the packaging industry which uses EVA-based films and sheets. EVA also finds increasing usage in solar earthing systems and hot melt adhesives.
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