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Ethylene Vinyl Acetate Resins Market Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4844563
  • Report
  • July 2019
  • Region: Global
  • 411 pages
  • Allied Analytics LLP
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The global ethylene vinyl acetate (EVA) resin market was valued at $7,442.9 million in 2018, and is projected to reach $12,143.2 million by 2026, growing at a CAGR of 6.3% from 2019 to 2026.

Ethylene vinyl acetate (EVA) resins are manufactured using ethylene and vinyl acetate. They are used in production of packaging film, foam, wire & cable, solar cell encapsulation, and hot melt adhesives, and are composed of 18–40% vinyl acetate. EVA with low melt index (MI) offers high strength, superior viscosity, and hot tack (relative melting and bonding strength) as compared to its high melt index counterparts. EVA resins are widely used in the packaging and paper industries, owing to their properties such as enhanced flexibility and low sealing temperature. In addition, they are used in photovoltaic panels, which are used in solar energy generation.

Rapid industrialization and increase in disposable income of individuals across the emerging economies, such as India and China, are the key factors that have fueled the demand for automobiles. This in turn has boosted the demand for EVA resins, as they are widely applicable in the manufacturing of automobile bumpers and molded parts. Rise in production of lightweight vehicles due to their higher fuel efficiency and increase in demand for electric vehicles owing to implementation of stringent government environmental regulations toward vehicle pollution & fuel efficiency further contribute toward the growth of this market. In addition, development of the packaging film industry across the developing countries, such as India, China, Taiwan, Philippines, is expected to drive the growth of the market. This is attributed to the fact that EVA resins find their application in the packaging industry, owing to their properties such as superior shock resistance, flexibility, and lower melting points.

However, factors such as availability of inexpensive substitutes and issues related usage of EVA in photovoltaic packaging are expected to hinder the growth of this market. On the contrary, introduction of bio-based ethylene vinyl acetate materials is anticipated to provide lucrative opportunities for market expansion.

The global EVA resin market is segmented based on type, application, end user, and region. Depending on type, the market is classified into polypropylene (PP) vinyl acetate-modified polyethylene (low VA density), polyethylene (PE) thermoplastic ethylene vinyl acetate (medium VA density), and ethylene vinyl acetate rubber (high VA density). The applications covered in the study film, foam, hot melt adhesives, wire & cable, extrusion coating, solar cell encapsulation, and others. On the basis of end user, the market is classified into automotive; packaging & paper; paints, coatings, & adhesives; electronics & electrical; pharmaceutical; footwear; photovoltaic panels; and others. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, and rest of Asia-Pacific), and LAMEA (Saudi Arabia, UAE, Qatar, rest of Middle East, Brazil, South Africa, and rest of LAMEA).

The major key players operating in the ethylene vinyl acetate resin industry include Arkema S.A., Braskem S.A., Celanese Corporation, DOW Inc., Exxon Mobil Corporation, Formosa Plastics Corporation, Hanwha Chemical Co, Ltd., Lyondell Basell Industries N.V., Sinopec Corporation, and Lotte Chemical Corporation.

KEY BENEFITS FOR STAKEHOLDERS
  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current trends and future scenario of the market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
  • Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
  • The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
  • By Type
o Vinyl Acetate-modified Polyethylene (Low VA Density)
o Thermoplastic Ethylene Vinyl Acetate (Medium VA Density)
o Ethylene Vinyl Acetate Rubber (High VA Density)
  • By Application
o Film
o Foam
o Hot Melt Adhesives
o Wire and Cable
o Extrusion Casting
o Solar Cell Encapsulation
o Others
  • By End User
o Automotive
o Packaging and Paper
o Paints, Coatings, & Adhesives
o Electronics & Electrical
o Pharmaceutical
o Footwear
o Photovoltaic Panels
o Others
By Region
  • North America
o U.S.
o Canada
o Mexico
  • Europe
o Germany
o France
o Spain
o Italy
o UK
o Russia
o Rest of Europe
  • Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Rest of Asia-Pacific
  • LAMEA
o Saudi Arabia
o UAE
o Qatar
o Rest of Middle East
o Brazil
o South Africa
o Rest of LAMEA
Note: Product cover images may vary from those shown
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. Key findings
2.2.1. Top investment pockets
2.3. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.1.1. Parent market overview
3.2. Key forces shaping ethylene vinyl acetate market
3.3. Market evolution
3.4. Pricing analysis
3.4.1. Pricing analysis by type, 2018 to 2026
3.4.2. Pricing analysis by application, 2018 to 2026
3.4.3. Pricing analysis by end user, 2018 to 2026
3.4.4. Pricing analysis by region, 2018 to 2026
3.5. Pain point analysis
3.6. Race analysis:
3.7. Value chain analysis
3.8. Impact of government regulations on global ethylene vinyl acetate resin market
3.9. Patent analysis
3.9.1. By region, 2012–2018
3.10. Market dynamics
3.10.1. Drivers
3.10.1.1. Development of the packaging industry
3.10.1.2. Economic growth and increased income level
3.10.1.3. Increased investment in solar energy generation set-ups
3.10.1.4. Rise in demand from different sectors such as footwear & foam markets
3.10.2. Restraints
3.10.2.1. Increase in threat of substitutes
3.10.2.2. Concerns associated with usage of EVA in photovoltaic packaging
3.10.3. Opportunity
3.10.3.1. Introduction of bio-based EVA resin materials

CHAPTER 4: ETHYLENE VINYL ACETATE RESIN MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Vinyl acetate-modified polyethylene (low VA density)
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Thermoplastic ethylene vinyl acetate (medium VA density)
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Ethylene vinyl acetate rubber (high VA density)
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

CHAPTER 5: ETHYLENE VINYL ACETATE RESIN MARKET, APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Film
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Foam
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
5.4. Hot melt adhesives
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country
5.5. Wire & cables
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country
5.6. Extrusion coating
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis, by country
5.7. Solar cell encapsulation
5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market analysis, by country
5.8. Others
5.8.1. Key market trends, growth factors, and opportunities
5.8.2. Market size and forecast, by region
5.8.3. Market analysis, by country

CHAPTER 6: ETHYLENE VINYL ACETATE RESIN MARKET, END USER
6.1. Overview
6.1.1. Market size and forecast
6.2. Automotive
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country
6.3. Packaging & paper
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country
6.4. Paints, coatings, and adhesives
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis, by country
6.5. Electronic & electrical
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market analysis, by country
6.6. Pharmaceutical
6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market analysis, by country
6.7. Footwear
6.7.1. Key market trends, growth factors, and opportunities
6.7.2. Market size and forecast, by region
6.7.3. Market analysis, by country
6.8. Photovoltaic panels
6.8.1. Key market trends, growth factors, and opportunities
6.8.2. Market size and forecast, by region
6.8.3. Market analysis, by country
6.9. Others
6.9.1. Key market trends, growth factors, and opportunities
6.9.2. Market size and forecast, by region
6.9.3. Market analysis, by country

CHAPTER 7: ETHYLENE VINYL ACETATE RESIN MARKET, REGION
7.1. Overview
7.2. Market size and forecast
7.3. North America
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by type
7.3.3. Market size and forecast, by application
7.3.4. Market size and forecast, by end use
7.3.5. Market analysis, by country
7.3.6. U.S.
7.3.6.1. Market size and forecast, by type
7.3.6.2. Market size and forecast, by application
7.3.6.3. Market size and forecast, by end use
7.3.7. Mexico
7.3.7.1. Market size and forecast, by type
7.3.7.2. Market size and forecast, by application
7.3.7.3. Market size and forecast, by end use
7.3.8. Canada
7.3.8.1. Market size and forecast, by type
7.3.8.2. Market size and forecast, by application
7.3.8.3. Market size and forecast, by end use
7.4. Europe
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by type
7.4.3. Market size and forecast, by application
7.4.4. Market size and forecast, by end use
7.4.5. Market analysis, by country
7.4.6. Germany
7.4.6.1. Market size and forecast, by type
7.4.6.2. Market size and forecast, by application
7.4.6.3. Market size and forecast, by end use
7.4.7. France
7.4.7.1. Market size and forecast, by type
7.4.7.2. Market size and forecast, by application
7.4.7.3. Market size and forecast, by end use
7.4.8. Spain
7.4.8.1. Market size and forecast, by type
7.4.8.2. Market size and forecast, by application
7.4.8.3. Market size and forecast, by end use
7.4.9. Italy
7.4.9.1. Market size and forecast, by type
7.4.9.2. Market size and forecast, by application
7.4.9.3. Market size and forecast, by end use
7.4.10. UK
7.4.10.1. Market size and forecast, by type
7.4.10.2. Market size and forecast, by application
7.4.10.3. Market size and forecast, by end use
7.4.11. Russia
7.4.11.1. Market size and forecast, by type
7.4.11.2. Market size and forecast, by application
7.4.11.3. Market size and forecast, by end use
7.4.12. Rest of Europe
7.4.12.1. Market size and forecast, by type
7.4.12.2. Market size and forecast, by application
7.4.12.3. Market size and forecast, by end use
7.5. Asia-Pacific
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by type
7.5.3. Market size and forecast, by application
7.5.4. Market size and forecast, by end use
7.5.5. Market analysis, by country
7.5.6. China
7.5.6.1. Market size and forecast, by type
7.5.6.2. Market size and forecast, by application
7.5.6.3. Market size and forecast, by end use
7.5.7. Japan
7.5.7.1. Market size and forecast, by type
7.5.7.2. Market size and forecast, by application
7.5.7.3. Market size and forecast, by end use
7.5.8. India
7.5.8.1. Market size and forecast, by type
7.5.8.2. Market size and forecast, by application
7.5.8.3. Market size and forecast, by end use
7.5.9. South Korea
7.5.9.1. Market size and forecast, by type
7.5.9.2. Market size and forecast, by application
7.5.9.3. Market size and forecast, by end use
7.5.10. Australia
7.5.10.1. Market size and forecast, by type
7.5.10.2. Market size and forecast, by application
7.5.10.3. Market size and forecast, by end use
7.5.11. Rest of Asia-Pacific
7.5.11.1. Market size and forecast, by type
7.5.11.2. Market size and forecast, by application
7.5.11.3. Market size and forecast, by end use
7.6. LAMEA
7.6.1. Key market trends, growth factors, and opportunities
7.6.2. Market size and forecast, by type
7.6.3. Market size and forecast, by application
7.6.4. Market size and forecast, by end use
7.6.5. Market analysis, by country
7.6.6. Saudi Arabia
7.6.6.1. Market size and forecast, by type
7.6.6.2. Market size and forecast, by application
7.6.6.3. Market size and forecast, by end use
7.6.7. UAE
7.6.7.1. Market size and forecast, by type
7.6.7.2. Market size and forecast, by application
7.6.7.3. Market size and forecast, by end use
7.6.8. Qatar
7.6.8.1. Market size and forecast, by type
7.6.8.2. Market size and forecast, by application
7.6.8.3. Market size and forecast, by end use
7.6.9. Rest of Middle East
7.6.9.1. Market size and forecast, by type
7.6.9.2. Market size and forecast, by application
7.6.9.3. Market size and forecast, by end use
7.6.10. Brazil
7.6.10.1. Market size and forecast, by type
7.6.10.2. Market size and forecast, by application
7.6.10.3. Market size and forecast, by end use
7.6.11. South Africa
7.6.11.1. Market size and forecast, by type
7.6.11.2. Market size and forecast, by application
7.6.11.3. Market size and forecast, by end use
7.6.12. Rest of LAMEA
7.6.12.1. Market size and forecast, by type
7.6.12.2. Market size and forecast, by application
7.6.12.3. Market size and forecast, by end use

CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Market player positioning, 2018
8.2.1. Top winning strategies
8.2.2. Top winning strategies, by year
8.2.3. Top winning strategies, by development
8.2.4. Top winning strategies, by company
8.3. Key developments
8.3.1. Partnership
8.3.2. Acquisitions
8.3.3. Joint venture
8.3.4. Business expansion
8.3.5. Product Launch
8.4. Company profiles
8.4.1. Sipchem
8.4.1.1. Company overview
8.4.1.2. Company snapshot
8.4.1.3. Operating business segments
8.4.1.4. Product portfolio
8.4.1.5. Business performance
8.4.2. Al Habib Polymers FZE
8.4.2.1. Company overview
8.4.2.2. Company snapshot
8.4.2.3. Operating business segments
8.4.2.4. Product portfolio
8.4.3. Al Daqiq Gen. Tr.
8.4.3.1. Company overview
8.4.3.2. Company snapshot
8.4.3.3. Operating business segments
8.4.3.4. Product portfolio
8.4.4. Jowat Middle East FZE
8.4.4.1. Company overview
8.4.4.2. Company snapshot
8.4.4.3. Operating business segments
8.4.4.4. Product portfolio
8.4.5. Fajr Kerman Petrochemical Complex
8.4.5.1. Company overview
8.4.5.2. Company snapshot
8.4.5.3. Operating business segments
8.4.5.4. Product portfolio
8.5. Product mapping of top five players
8.6. Competitive heatmap
8.7. Product mapping of key players

CHAPTER 9: COMPANY PROFILES
9.1. Arkema S.A.
9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Operating business segments
9.1.4. Product portfolio
9.1.5. Business performance
9.1.6. Key strategic moves and developments
9.2. Braskem S.A.
9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Operating business segments
9.2.4. Product portfolio
9.2.5. Business performance
9.2.6. Key strategic moves and developments
9.3. Celanese Corporation
9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Product portfolio
9.3.5. Business performance
9.3.6. Key strategic moves and developments
9.4. Dow Inc.
9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Operating business segments
9.4.4. Product portfolio
9.4.5. Business performance
9.5. Exxon Mobil Corporation
9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Product portfolio
9.5.5. Business performance
9.5.6. Key strategic moves and developments
9.6. Formosa Plastics Corporation
9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Operating business segments
9.6.4. Product portfolio
9.6.5. Business performance
9.7. Hanwha Chemical Corporation
9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Product portfolio
9.7.4. Business performance
9.7.5. Key strategic moves and developments
9.8. LyondellBasell Industries Holding B.V.
9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Operating business segments
9.8.4. Product portfolio
9.8.5. Business performance
9.8.6. Key strategic moves and developments
9.9. Sinopec Corporation
9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Product portfolio
9.9.4. Business performance
9.10. Lotte Chemical Corporation
9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Product portfolio
9.10.5. Business performance
Note: Product cover images may vary from those shown
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According to the report titled, 'Ethylene Vinyl Acetate Market by Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global ethylene vinyl acetate resins market was valued at $7,442.9 thousand in 2018, and is projected to reach $12,143.2 million by 2026, growing at a CAGR of 6.3% from 2019 to 2016.

EVA resins are copolymers formed using vinyl acetate monomer and ethylene. They offer enhanced stress crack resistance and are able to maintain their flexibility over a varied temperature range from −60°C to 150°C, without the use of plasticizers. They are widely used in packaging and paper industry & electrical and electronic industries, owing to their properties such as high coefficient of friction, low seal initiation temperatures, and superior impact resistance. The development of the packaging & electronic industries and increase in demand for packaging materials & consumer electronics across emerging economies are the major factors that drive the growth of the global EVA resins market.

Based on type, the global ethylene vinyl acetate resins market is segmented into polypropylene (PP) vinyl acetate-modified polyethylene (low VA density), polyethylene (PE) thermoplastic ethylene vinyl acetate (medium VA density), and ethylene vinyl acetate rubber (high VA density). Polypropylene (PP) vinyl acetate-modified polyethylene (low VA density) is a copolymer, which is processed as a thermoplastic material. Polyethylene (PE) thermoplastic ethylene vinyl acetate (medium VA density) is referred to as a thermoplastic elastomer material, which is not vulcanized but has some of the properties of a rubber.

The applications covered in the study include film, foam, hot melt adhesives, wire & cable, extrusion coating, solar cell encapsulation, and others. Among these, EVA foam is widely used in the development of battle armor, due to the fact that they are more firm and robust as compared to polyurethane foam.

Depending on end user, the market is divided into automotive; packaging & paper; paints, coatings, & adhesives; electronics & electrical; pharmaceutical; footwear; photovoltaic panels; and others. In the paper & packaging industry, EVA resin is widely used owing to its properties such as resistance to crack, enhanced flexibility, low sealing temperature, superior toughness, and puncture resistance. In the footwear industry, ethylene vinyl acetate resin is used as shoe midsoles, providing enhanced cushioning and rebound.

Region wise, the ethylene vinyl acetate resin market resins market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific holds the major share in the global ethylene vinyl acetate resin market resins market, due to the development of the packaging & paper, automotive sector, footwear, and photovoltaic panels & pharmaceutical industries. Increase in demand & production of packaging material, electric automobiles, and photovoltaic panels for the production of solar energy has boosted the demand for ethylene vinyl acetate resin in the Asia-Pacific region.

Key Findings of the Ethylene Vinyl Acetate Resins Market:

The Asia-Pacific ethylene vinyl acetate resin market is predicted to hold a share of over 50.35% by 2026.
The thermoplastic ethylene vinyl acetate type segment is expected to dominate the market, garnering a share 69% during the projected period.
The footwear segment is projected to hold a share of over 40% by 2026.
The foam segment is estimated to account for 60% of the share by 2026.
The Europe ethylene vinyl acetate resin market is predicted to hold a share of over 21.66% by 2026.

The market players have adopted expansion, acquisition, and collaboration as their key strategies to gain competitive advantage in this market. The key players operating in the ethylene vinyl acetate resin industry include Arkema S.A., Braskem S.A., Celanese Corporation, DOW Inc., Exxon Mobil Corporation, Formosa Plastics Corporation, Hanwha Chemical Co, Ltd., Lyondell Basell Industries N.V., Sinopec Corporation, and Lotte Chemical Corporation.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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