Lucintel's latest market report analyzed that ethylene vinyl acetate provides attractive opportunities in the packaging, solar, agriculture, wire & cable, footwear, and automotive industries. The ethylene vinyl acetate market is expected to reach $11.8 billion by 2027 with a CAGR of 5.4%. In this market, films is the largest segment by application, whereas solar is the largest segment by end use industry. The increasing demand for EVA in the medical industry and expansion of the solar industry provides strategic growth path in this market.
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Based on application, the ethylene vinyl acetatemarket is segmented into film, foam, adhesives, and others. Lucintel forecasts that the film market accounted for the largest share of the market in 2020 and it is also expected to witness the highest growth over the forecast period due to increasing awareness of the use of solar energy, which is augmenting the demand for EVA films in photovoltaic cells.
Browse in-depth TOC on “Ethylene Vinyl Acetate Market”
142 – Tables
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The ethylene vinyl acetate market is marked by the presence of several big and small players. Some of the prominent players offering ethylene vinyl acetate include E.I. du Pont de Nemours and Company, Hanwha Chemical, ExxonMobil Corporation, Formosa Plastics Corporation, LyondellBasell Industries NV, Arkema S.A., Celanese Corporation, USI Corporation, Lotte Chemical Corporation, and Versalis S.p.A.
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