What is Global EVA Resin Market?
The Global EVA Resin Market is a vast and dynamic sector that deals with the production, distribution, and consumption of EVA Resin, a type of plastic material known for its flexibility and resilience. EVA, or Ethylene Vinyl Acetate, is a copolymer of ethylene and vinyl acetate, and it's widely used in various industries due to its excellent durability, flexibility, and resistance to UV radiation and stress-cracking. The global market for EVA Resin is a complex network of manufacturers, suppliers, distributors, and consumers spread across different regions and countries. The market's value was estimated at US$ 3846.1 million in 2022, and it's expected to grow to US$ 4214.6 million by 2029, with a Compound Annual Growth Rate (CAGR) of 1.3% during the forecast period from 2023 to 2029. The major players in the market are DuPont (US), Hanwha Total (KR), FPC (TW), Sinopec Beijing Yanshan (CN), and USI (TW), with the top three companies accounting for approximately 25% of the total market.
Tubular EVA, Autoclave EVA, Other Process in the Global EVA Resin Market:
The Global EVA Resin Market is segmented based on the production process into Tubular EVA, Autoclave EVA, and Other Processes. Tubular EVA is produced using a high-pressure process, which results in a resin with a high degree of crosslinking and excellent mechanical properties. Autoclave EVA, on the other hand, is produced using a low-pressure process, which results in a resin with a lower degree of crosslinking but superior transparency and gloss. Other Processes include the production of EVA resins with special properties, such as high vinyl acetate content or high melt index, for specific applications. Each of these processes has its own advantages and disadvantages, and the choice of process depends on the specific requirements of the end-use application.
Film, Adhesive and Coating, Molding Plastics, Foaming Materials, Other Applications in the Global EVA Resin Market:
The Global EVA Resin Market finds its application in various areas such as Film, Adhesive and Coating, Molding Plastics, Foaming Materials, and Other Applications. In the Film industry, EVA resin is used to produce flexible films for packaging, agricultural, and construction applications. In the Adhesive and Coating industry, EVA resin is used to produce hot-melt adhesives and coatings due to its excellent adhesion and flexibility. In the Molding Plastics industry, EVA resin is used to produce molded parts for automotive, electronics, and consumer goods applications. In the Foaming Materials industry, EVA resin is used to produce foam products for footwear, sports equipment, and insulation applications. Other Applications include the production of wire and cable insulation, hose and tubing, and medical devices.
Global EVA Resin Market Outlook:
The Global EVA Resin Market is a dynamic and growing sector, with a market value of US$ 3846.1 million in 2022, projected to reach US$ 4214.6 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 1.3% during the forecast period from 2023 to 2029. The market is dominated by major producers such as DuPont (US), Hanwha Total (KR), FPC (TW), Sinopec Beijing Yanshan (CN), and USI (TW), with the top three companies accounting for approximately 25% of the total market. This data provides a snapshot of the current state of the Global EVA Resin Market, highlighting its potential for growth and the key players driving this growth.
| Report Metric | Details |
| Report Name | EVA Resin Market |
| Accounted market size in 2023 | US$ 3846.1 million |
| Forecasted market size in 2030 | US$ 4214.6 million |
| CAGR | 1.3% |
| 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 | DuPont (US), ExxonMobil (US), FPC (TW), Hanwha Total (KR), USI (TW), Sinopec Beijing Yanshan (CN), Sipchem (SA), BASF-YPC (CN), Braskem (BR), Westlake (US), TPI Polene (TH), LG Chem (KR), Celanese (US), Arkema (FR), Repsol (ES), LyondellBasell (NL), Sumitomo Chem (JP), Levima/Haoda Chem (CN), Lotte Chem (KR), Total (FR), Tosoh (JP), Versalis/Eni (IT), Ube (JP), Huamei Polymer (CN), NUC Corp (JP), Sumsung Total (KR) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
