The global ethylene vinyl acetate (EVA) market has been segmented by type, application, end-use industry, and region. Based on type, the market has been segmented into low density EVA, medium density EVA, and high-density EVA. Medium density EVA segment accounted for the largest share of the global EVA market in 2017 and is expected to register a healthy CAGR during the review period. This market growth can be attributed to the increasing use in numerous applications such as foaming, film extrusion, and injection molding due to their superior properties such as flexibility, transparency, and high chemical resistance among others. High density EVA segment is expected to be the fastest growing segment of the global EVA market on account of increasing use in solar cell encapsulation as it provides enhanced durability and improved performance.
Based on application, the Ethylene Vinyl Acetate (Eva) Market has been segmented into foaming, film extrusion, solar cell encapsulation, injection molding, hot melt adhesives, coatings, compounding and wires & cables, and others. Foaming segment accounted for the largest share of the global EVA market in 2017. This growth can be attributed to increasing use of EVA foam in shoes, automotive interiors, packaging, and tapes among others. Solar cell encapsulation segment is expected to be the fastest growing segment of the global EVA market on account of rising investment in the solar power plants globally.
Based on end-use industry, the market has been segregated into packaging, renewable energy, adhesives & sealants, footwear, construction, electrical & electronics, automotive, pharmaceuticals, agriculture, and others. Packaging accounted for the largest share of the global EVA market in 2017. The growing packaging industry on account of increasing demand in numerous applications such as medical and food products is propelling the market growth. Renewable energy is likely to be the fastest growing segment on account of increase in number of solar power plants especially in the developing nations.
Browse Complete Report @
Based on region, the EVA market has been classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for the largest share of the EVA market on account of the growing end-use industries in the region, especially the packaging, renewable energy, construction, and footwear. An expanding population base and rising disposable income of consumers are the other factors driving market growth.
North America & Europe are prominent markets for EVA due to the increasing demand for adhesives and sealants in automobile industry.
The markets in Latin America and the Middle East & Africa are likely to register moderate growth during the review period as a result of the growing end-use industries coupled with expanding populace and rising per capita disposable income of the consumers.
Some of the key players in the global EVA market are Exxon Mobil Corporation (US), DowDuPont (US), USI Corporation (Taiwan), Celanese Corporation (US), Innospec (US), Arkema SA (France), BASF SE (Germany), LyondellBasell Industries Holdings B.V. (The Netherlands), Infineum International Limited (UK), Porex Corporation (US), United Plastic Components Inc. (Canada), and Clariant AG (Switzerland).
Request For Sample Report Copy Here @
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
Email: [email protected]
Read More Related Article: