What is Global EVA Copolymer Resin Market?
The Global EVA Copolymer Resin Market is a vast and complex field that encompasses a wide range of products and applications. EVA, or Ethylene Vinyl Acetate, is a type of copolymer resin that is widely used in various industries due to its unique properties. This resin is created by combining ethylene and vinyl acetate, resulting in a product that is highly flexible, resistant to UV radiation, and has excellent toughness. These properties make EVA copolymer resin a popular choice for many applications, including the production of foams, films, adhesives, coatings, and molded plastics.
Vinyl Acetate Content (%) <18%, Vinyl Acetate Content (%) ≥18% in the Global EVA Copolymer Resin Market:
When it comes to the different types of EVA copolymer resin, the market can be divided into two main categories based on the vinyl acetate content. These are the resins with a vinyl acetate content of less than 18%, and those with a vinyl acetate content of 18% or more. The former is typically used in applications that require a high degree of flexibility and toughness, while the latter is more suitable for applications that require a higher level of UV resistance and transparency. Each type of EVA copolymer resin has its own unique set of properties and benefits, making them suitable for different applications and industries.
Foaming Materials, Films, Adhesive and Coating, Molding Plastics in the Global EVA Copolymer Resin Market:
The Global EVA Copolymer Resin Market is also segmented based on its usage in different areas. These include foaming materials, films, adhesive and coating, and molding plastics. Foaming materials made from EVA copolymer resin are lightweight, durable, and have excellent shock absorption properties, making them ideal for use in sports equipment, footwear, and packaging. Films made from this resin are highly flexible and resistant to UV radiation, making them suitable for use in agricultural films, packaging films, and laminating films. Adhesives and coatings made from EVA copolymer resin have excellent adhesion properties and are resistant to water and chemicals, making them ideal for use in construction, automotive, and packaging industries. Molding plastics made from this resin are highly durable and have excellent impact resistance, making them suitable for use in automotive parts, household appliances, and toys.
Global EVA Copolymer Resin Market Outlook:
In terms of the market outlook, the Global EVA Copolymer Resin Market is showing promising signs of growth. In 2022, the market was valued at US$ 6260.1 million. However, it is projected to reach a value of US$ 7771.4 million by 2029. This represents a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing demand for EVA copolymer resin in various industries, including the automotive, construction, and packaging industries. The unique properties of this resin, such as its flexibility, UV resistance, and toughness, make it a popular choice for many applications, contributing to the growth of the market.
| Report Metric | Details |
| Report Name | EVA Copolymer Resin Market |
| Accounted market size in 2022 | US$ 6260.1 million |
| Forecasted market size in 2029 | US$ 7771.4 million |
| CAGR | 3.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| 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 | Dow, Hanwha Total, ExxonMobil, Formosa Plastics Corporation, USI, Sinopec Beijing Yanshan, BASF-YPC, Westlake, Sipchem, Braskem, Celanese, TPI Polene, LG Chem, Mitsui-Dow Polychemical Co., Ltd, ShengHong Group, Arkema, Repsol, Levima, Sumitomo Chem, LyondellBasell, The Polyolefin Company (Singapore) Pte Ltd, Versalis (Eni), Lotte Chem, Tosoh |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
