Ethylene Vinyl Acetate Market Report 2026

The ethylene vinyl acetate market size has grown strongly in recent years. It will grow from $9.65 billion in 2025 to $10.53 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to expansion of footwear manufacturing, growth of packaging applications, increasing demand for flexible polymer materials, rising use of eva in adhesives, availability of diverse density eva grades.

The ethylene vinyl acetate market size is expected to see strong growth in the next few years. It will grow to $14.7 billion in 2030 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increasing solar panel installations, rising demand for recyclable polymer materials, expansion of electric vehicle component usage, growing adoption in medical and pharmaceutical packaging, increasing focus on high-performance copolymers. Major trends in the forecast period include increasing adoption of eva in solar encapsulation, rising demand for lightweight flexible materials, growing use in footwear and foam applications, expansion of hot melt adhesive applications, enhanced focus on thermal and uv resistance.

The growing footwear industry is expected to propel the growth of the ethylene-vinyl acetate market going forward. The footwear industry refers to the sector involved in the design, manufacturing, marketing, and sale of various types of footwear, including shoes, sandals, boots, and athletic footwear. Ethylene-vinyl acetate (EVA) is widely used in the footwear industry for various applications due to its desirable properties, including flexibility, cushioning, lightweight, and durability. For instance, in September 2023, according to reports published by RunRepeat, a Denmark-based athletic footwear review platform, in 2022, the athletic footwear sector in the US generated $14.5 billion in revenue. It is projected to experience growth of approximately 2.9% in 2023. US athletic footwear online sales were 27% in 2022, and this increased to 32% by 2023. Therefore, the growing footwear industry is driving the growth of the ethylene-vinyl acetate market.

Major companies in the ethylene vinyl acetate (EVA) market are strategically focusing on expanding their production capacities to cater to the increasing demand for EVA, thereby reinforcing their positions as leading global producers of this polymer. An example of this proactive approach is demonstrated by Celanese Corporation, a US-based materials company. In February 2023, Celanese Corporation completed an ultra-low capital project aimed at repurposing existing manufacturing and infrastructure assets. This initiative, executed at its Edmonton, Alberta facility, resulted in a substantial increase in EVA production capacity, approximately 35%. The project was not only completed within the allocated budget and timeline but is also expected to generate approximately $10 million per year in additional operating EBITDA across the integrated acetyl value chain. This strategic move positions Celanese Corporation to meet the growing demand for EVA efficiently and solidifies its standing as a major player in the market.

In July 2023, VisTech Manufacturing Solutions, a US-based technology services company, acquired Industry Products Company for an undisclosed amount. With this acquisition, VisTech Manufacturing Solutions aims to broaden its capabilities in the NVH sector, enhance customer solutions, and achieve operational scale for improved efficiency and service delivery in the automotive industry. Industry Products Company is a US-based manufacturing firm that provides automotive parts and components, including interior trim and noise, vibration, and harshness (NVH) components.

Major companies operating in the ethylene vinyl acetate market are ExxonMobil Corporation, Arkema SA, BASF SE, Braskem S.A., Celanese Corporation, Dow Chemical Company, DuPont-Mitsui Polychemicals Co. Ltd., Formosa Plastics Corporation, Hanwha Total Petrochemical Co. Ltd., LyondellBasell Industries N.V., Repsol S.A., Saudi International Petrochemical Company (Sipchem), SK Global Chemical Co. Ltd., Sumitomo Chemical Co. Ltd., Tosoh Corporation, Versalis, Westlake Chemical Corporation, China Petroleum and Chemical Corporation (Sinopec), Mitsui Chemicals, LG Chem, Hanwha Solutions Corporation, TotalEnergies SE, Saudi Basic Industries Corporation (SABIC), Lotte Chemical Corporation, INEOS Group Ltd.

Asia-Pacific was the largest region in the ethylene vinyl acetate market in 2025. Asia-Pacific is expected to be the fastest-growing region in the ethylene vinyl acetate market during the forecast period. The regions covered in the ethylene vinyl acetate market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ethylene vinyl acetate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The ethylene vinyl acetate market consists of sales of anti-PID EVA, UV-resistant EVA, and UV-transparent EVA. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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