Global Ethylene Vinyl Acetate Copolymer Market Size Study, by Type, by End-use Industry, by Application, and Regional Forecasts 2022-2032

Description

The global Ethylene Vinyl Acetate (EVA) copolymer market, valued at approximately USD 11.06 billion in 2023, is projected to expand at a compound annual growth rate (CAGR) of 6.80% during the forecast period 2024-2032, reaching an estimated USD 19.99 billion by 2032. EVA copolymers, known for their exceptional flexibility, toughness, and resistance to UV radiation and chemicals, are widely employed across industries such as packaging, footwear, photovoltaics, and agriculture. The adaptability of EVA to meet diverse application requirements has positioned it as a key material in various high-demand sectors.

The rapid growth of the photovoltaic industry is a significant driver of the EVA copolymer market, as EVA sheets are indispensable in solar panel encapsulation, enhancing durability and performance. Similarly, in the footwear sector, EVA is a preferred material for its lightweight and shock-absorbing properties. Its applications in flexible packaging and agriculture further emphasize its versatility and indispensable role in meeting industry-specific needs. However, fluctuating raw material prices and stringent environmental regulations pose challenges to market growth, necessitating innovative solutions and sustainable practices.

Technological advancements in EVA processing and the development of new grades such as very low-density EVA are opening up opportunities in high-performance applications. The increasing adoption of EVA in electric vehicle batteries and the expanding scope in consumer goods are key trends reshaping the market landscape. Furthermore, the integration of sustainable practices in EVA manufacturing aligns with the global push toward eco-friendly materials, offering a promising outlook for the industry.

Regionally, the Asia-Pacific region dominates the EVA copolymer market, driven by strong demand from key end-use industries such as solar energy and footwear manufacturing in China, India, and Southeast Asian countries. North America and Europe continue to be significant markets, with growing adoption in renewable energy and automotive applications. Latin America and the Middle East & Africa regions are poised for steady growth, supported by investments in renewable energy infrastructure and agricultural innovations.

Major market players included in this report are:

BASF SE
ExxonMobil Corporation
Arkema S.A.
LyondellBasell Industries N.V.
The Dow Chemical Company
Hanwha Chemical Corporation
Celanese Corporation
Braskem S.A.
INEOS Group
Sipchem (Saudi International Petrochemical Company)
Lotte Chemical Corporation
Tosoh Corporation
Sumitomo Chemical Co., Ltd.
Borealis AG
LG Chem Ltd.

The detailed segments and sub-segment of the market are explained below:

By Type:

Very Low-Density EVA
Low-Density EVA
Medium-Density EVA
High-Density EVA

By End-Use Industry:

Photovoltaic Panels
Footwear & Foams
Packaging
Agriculture

By Region: North America

U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market estimates & forecasts for 10 years from 2022 to 2032.
Annualized revenue and regional-level analysis for each market segment.
Detailed geographical landscape analysis with country-level insights.
Competitive landscape with profiles of major market players.
Analysis of key business strategies and future market approaches.
Demand-side and supply-side market analysis.

Chapter 1. Global Ethylene Vinyl Acetate Copolymer Market Executive Summary

1.1. Global Ethylene Vinyl Acetate Copolymer Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By End-use Industry
- 1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Ethylene Vinyl Acetate Copolymer Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Ethylene Vinyl Acetate Copolymer Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand in Photovoltaic Panels
- 3.1.2. Advancements in EVA Processing
- 3.1.3. Growing Adoption in Footwear & Foams
3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Prices
- 3.2.2. Stringent Environmental Regulations
3.3. Market Opportunities
- 3.3.1. Expansion in Emerging Markets
- 3.3.2. Innovations in Sustainable EVA Solutions
- 3.3.3. Government Initiatives Promoting Renewable Energy

Chapter 4. Global Ethylene Vinyl Acetate Copolymer Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Ethylene Vinyl Acetate Copolymer Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Ethylene Vinyl Acetate Copolymer Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Very Low-Density EVA
- 5.2.2. Low-Density EVA
- 5.2.3. Medium-Density EVA
- 5.2.4. High-Density EVA

Chapter 6. Global Ethylene Vinyl Acetate Copolymer Market Size & Forecasts by End-use Industry 2022-2032

6.1. Segment Dashboard
6.2. Global Ethylene Vinyl Acetate Copolymer Market: End-use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Photovoltaic Panels
- 6.2.2. Footwear & Foams
- 6.2.3. Packaging
- 6.2.4. Agriculture

Chapter 7. Global Ethylene Vinyl Acetate Copolymer Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Ethylene Vinyl Acetate Copolymer Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)

Chapter 8. Global Ethylene Vinyl Acetate Copolymer Market Size & Forecasts by Region 2022-2032

8.1. North America Ethylene Vinyl Acetate Copolymer Market
- 8.1.1. U.S. Ethylene Vinyl Acetate Copolymer Market
  - 8.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. End-use Industry Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Ethylene Vinyl Acetate Copolymer Market
8.2. Europe Ethylene Vinyl Acetate Copolymer Market
- 8.2.1. UK Ethylene Vinyl Acetate Copolymer Market
- 8.2.2. Germany Ethylene Vinyl Acetate Copolymer Market
- 8.2.3. France Ethylene Vinyl Acetate Copolymer Market
- 8.2.4. Spain Ethylene Vinyl Acetate Copolymer Market
- 8.2.5. Italy Ethylene Vinyl Acetate Copolymer Market
- 8.2.6. Rest of Europe Ethylene Vinyl Acetate Copolymer Market
8.3. Asia-Pacific Ethylene Vinyl Acetate Copolymer Market
- 8.3.1. China Ethylene Vinyl Acetate Copolymer Market
  - 8.3.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 8.3.1.2. End-use Industry Breakdown Size & Forecasts, 2022-2032
- 8.3.2. India Ethylene Vinyl Acetate Copolymer Market
- 8.3.3. Japan Ethylene Vinyl Acetate Copolymer Market
- 8.3.4. Australia Ethylene Vinyl Acetate Copolymer Market
- 8.3.5. South Korea Ethylene Vinyl Acetate Copolymer Market
- 8.3.6. Rest of Asia-Pacific Ethylene Vinyl Acetate Copolymer Market
8.4. Latin America Ethylene Vinyl Acetate Copolymer Market
- 8.4.1. Brazil Ethylene Vinyl Acetate Copolymer Market
- 8.4.2. Mexico Ethylene Vinyl Acetate Copolymer Market
- 8.4.3. Rest of Latin America Ethylene Vinyl Acetate Copolymer Market
8.5. Middle East & Africa Ethylene Vinyl Acetate Copolymer Market
- 8.5.1. Saudi Arabia Ethylene Vinyl Acetate Copolymer Market
- 8.5.2. South Africa Ethylene Vinyl Acetate Copolymer Market
- 8.5.3. Rest of Middle East & Africa Ethylene Vinyl Acetate Copolymer Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. BASF SE
- 9.1.2. ExxonMobil Corporation
- 9.1.3. Arkema S.A.
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. BASF SE
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. LyondellBasell Industries N.V.
- 9.3.3. The Dow Chemical Company
- 9.3.4. Hanwha Chemical Corporation
- 9.3.5. Celanese Corporation
- 9.3.6. Braskem S.A.
- 9.3.7. INEOS Group
- 9.3.8. Sipchem (Saudi International Petrochemical Company)
- 9.3.9. Lotte Chemical Corporation
- 9.3.10. Tosoh Corporation
- 9.3.11. Sumitomo Chemical Co., Ltd.
- 9.3.12. Borealis AG
- 9.3.13. LG Chem Ltd.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes