Asian Ethylene Vinyl Acetate Resins Market; by application (foam, film, adhesives, and others); by product type (high density ethylene vinyl acetate, medium density ethylene vinyl acetate, low density ethylene vinyl acetate); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Ethylene Vinyl Acetate resins are the copolymer of ethylene and vinyl acetate. It is produced with a high-pressure polymerization process. Such products are made of one to two fifth parts of vinyl acetate and are used in the manufacturing of packaging material, foam, wires, solar cell encapsulation, and hot melt adhesives.
Fatpos Global anticipates the Asian Ethylene Vinyl Acetate Resins market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. According to the report, special drivers for automobiles demand have been the rapid industrialization in developing countries such as India and China.
By product type (in %), Asian Ethylene Vinyl Acetate Resins Market, 2019
The medium density ethylene vinyl acetate segment is anticipated to register XX% of the volume share.
High density ethylene vinyl acetate is poised to grow at the highest CAGR during the forecasted period.
Asian Ethylene Vinyl Acetate Resins Market is segmented by product type into: high density ethylene vinyl acetate, medium density ethylene vinyl acetate, low density ethylene vinyl acetate.
Due to its exceptional features and a wide range of applications in all key industries, MEVA is the most preferred form of EVA. In addition, HEVA will increase dramatically as it is primarily used in the solar energy industry. Furthermore, increased demand for HEVA is driving the market in this segment in the field of composition and wire & cabling.
Asian Ethylene Vinyl Acetate Resins Market: Market Dynamics
• Surge in demand for automobiles
Special drivers for automobiles demand have been the rapid industrialization in developing countries such as India and China. This in turn increased the market for EVA resins, as they are commonly used in the manufacture of car bumpers and molded components.
• Availability of substitutes
Availability of substitutes and inexpensive counterfeit products may hinder the growth of the market. Other issues such as application of EVA in photovoltaic packaging is also expected to restrain the market growth
Asian Ethylene Vinyl Acetate Resins Market: Regions
In terms of value and volume, India was the largest market accounting for XX% of total market volume share in 2019
Together with the growth of organized retailing in the country and India’s large and growing middle class population drives the growth of the packaging industries. Due to the rising construction sector, the adhesive industry in India is growing dramatically. The ‘Housing for All by 2022’ of the Indian government is a big force for the industry. As a result, EVA demand in the area will probably increase over the predicted timeframe.
Asian Ethylene Vinyl Acetate Resins Market: Competitive landscape
Different businesses concentrate on organic growth approaches through strategies such as product releases and product approvals. Acquisitions and alliance & collaboration were inorganic growth strategies that were seen in the sector. This has opened the doors for the business and client base of market players to grow. With rising demand for ethylene acetate resins mostly in the Asian market, the market payers of ethylene vinyl acetate resins are expected to have profitable growth opportunities in the future
Asian Ethylene Vinyl Acetate Resins Market: Key Players
• Arkema S.A
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Celanese Corporation
• Exxon Mobil Corporation
• Hanwha Chemical Corporation
• LyondellBasell Industries Holding B.V.
• Braskem S.A.
• Fajr Kerman Petrochemical Complex (FKPC).
• Lotte Chemical Corporation
• Sinopec Corporation
• Dow Chemical Company
• Other prominent players
Asian Ethylene Vinyl Acetate Resins market report also contains analysis on:
• Asian Ethylene Vinyl Acetate Resins Market Segments:
o By Product type:
High density ethylene vinyl acetate
Medium density ethylene vinyl acetate
low density ethylene vinyl acetate
o By application:
• Asian Ethylene Vinyl Acetate Resins Market Dynamics
• Asian Ethylene Vinyl Acetate Resins Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints