What is Global Ethylene Vinyl Alcohol Copolymer (EVOH) Market?
The Global Ethylene Vinyl Alcohol Copolymer (EVOH) Market is a vast and dynamic sector that deals with a unique type of copolymer. EVOH, as it is commonly known, is a formal copolymer of ethylene and vinyl alcohol. This copolymer has excellent barrier properties, especially against oxygen, which makes it highly valuable in the packaging industry. The global market for this copolymer is extensive and diverse, with numerous applications across various sectors. The market's value was estimated at US$ 983.2 million in 2022, and it is expected to grow steadily in the coming years. The EVOH market is dominated by a few key players, including Kuraray, Nippon Gohsei, and Chang Chun Petrochemical, which collectively hold about 98% of the market share. The North American region is a significant contributor to the global market, accounting for approximately 45% of the total market share.
Ethylene Content (mol%) below 29, Ethylene Content (mol%) 29-35, Ethylene Content (mol%) 35-38, Ethylene Content (mol%) 38-44, Ethylene Content (mol%) above 44 in the Global Ethylene Vinyl Alcohol Copolymer (EVOH) Market:
The Global Ethylene Vinyl Alcohol Copolymer (EVOH) Market is segmented based on the ethylene content in the copolymer. The segments include Ethylene Content (mol%) below 29, Ethylene Content (mol%) 29-35, Ethylene Content (mol%) 35-38, Ethylene Content (mol%) 38-44, and Ethylene Content (mol%) above 44. Each segment has its unique properties and applications. For instance, EVOH with an ethylene content below 29 mol% is known for its superior gas barrier properties and is commonly used in food packaging. On the other hand, EVOH with an ethylene content above 44 mol% is known for its excellent resistance to hydrocarbons and oils, making it suitable for automotive applications. The market for each segment varies based on its applications and the demand in various industries.
Food Packaging Material, Household Wrapping Material, Automotive Gas Tanks, Pipes For Floor Heating Systems, Wall Coverings, Others in the Global Ethylene Vinyl Alcohol Copolymer (EVOH) Market:
The Global Ethylene Vinyl Alcohol Copolymer (EVOH) Market finds its applications in several areas, including Food Packaging Material, Household Wrapping Material, Automotive Gas Tanks, Pipes For Floor Heating Systems, Wall Coverings, and others. In the food packaging industry, EVOH is used due to its excellent barrier properties against oxygen, which helps in preserving the freshness of the food. In the household sector, it is used as a wrapping material for its superior mechanical properties. EVOH is also used in automotive gas tanks for its resistance to hydrocarbons. In the construction industry, it is used in pipes for floor heating systems and wall coverings for its excellent thermal properties. The market for each application varies based on the demand and the unique properties of EVOH.
Global Ethylene Vinyl Alcohol Copolymer (EVOH) Market Outlook:
The global Ethylene Vinyl Alcohol Copolymer (EVOH) market has shown a promising outlook. As of 2022, the market was valued at US$ 983.2 million and is projected to reach US$ 1187.4 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 2.7% during the forecast period from 2023 to 2029. The market is primarily dominated by three major players - Kuraray, Nippon Gohsei, and Chang Chun Petrochemical, who collectively hold a whopping 98% of the market share. Geographically, North America is the leading contributor to the global market, accounting for about 45% of the total market share. This region's significant contribution can be attributed to the high demand for EVOH in various industries, including food packaging, automotive, and construction.
| Report Metric | Details |
| Report Name | Ethylene Vinyl Alcohol Copolymer (EVOH) Market |
| Accounted market size in 2023 | US$ 1228.6 million |
| Forecasted market size in 2030 | US$ 1639.1 million |
| CAGR | 3.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Kuraray, Mitsubishi Chemical, Chang Chun Petrochemical, Sinopec |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
