The Global Ethylene Vinyl Acetate Copolymer Market was $8.97 Bn in 2020, and it is expected to reach $15.87 Bn by 2030. It is eventually growing at a commendable high compound of annual growth rate CAGR of 5.9% between 2020-2030, as per the latest market research report titled Global Ethylene Vinyl Acetate Copolymer Market – Global industry analysis, size, share, growth, trends, and forecast, 2020-2030.
Ethylene-vinyl acetate thermoplastic material is also known as the polyethylene-vinyl-acetate, which is a copolymer of vinyl acetate and ethylene. The weight and the percentage is varying from 10 to 40 percent, and the remaining part is ethylene in the formation of this material. However, EVA copolymer has three different types which differ in their vinyl acetate content and the way material is used.
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The material is considered non-toxic, so the companies are producing this material to produce eco-friendly products. Rising demand for multiple solutions for the adhesive, coating, and sealants in a wide range of applications like footwear components, flexible hose, molded automotive parts, automobile bumpers, toys, and athletic good is the prime factor for the Ethylene Vinyl Acetate Copolymer Market growth during the forecast period.
Moreover, the current pandemic of the COVID-19 effect on the Ethylene Vinyl Acetate Copolymer market. The growth rate graph changed slightly due to the pandemic situation. But it is expected that, after the pandemic of COVID-19, the market growth will reach a high position in the growth rate graph. Apart from that, the increasing EVA manufacturing industry across the world is anticipated to offer significant opportunities for market growth in the next forecast period of 2020 to 2030.
Geographically, The Ethylene Vinyl Acetate Copolymer Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook of the company, and it includes the market share and company or industry profiles of key players operating in the global market. Key players in the report include Exxon Mobil Corp.; Dow Inc.; LyondellBasell Industries Holdings B.V.; Eastman Chemical Company; Arkema; Celanese Corp.; Total, LG Chem.; Braskem; Dairen Chemical Corp.; Lotte Chemical Corp., Hanwha Group, TPI Polene, and Saudi International Petrochemical Company. among others.
The Global Ethylene Vinyl Acetate Copolymer Market Has Been Segmented into:
- Vinyl Acetate Modified Polyethylene
- Thermoplastic Ethylene-Vinyl Acetate
- Ethylene Vinyl Acetate Rubber
- Hot Melt Adhesives
- Photovoltaic Cells
- Medical & healthcare
- Consumer Goods
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa